Singapore home prices projected to rise by 3% in 2026

But the 80% sellout rates for new launches could be harder to achieve.

If the new sales for Q3/2025 looked impressive, Savills said in a report that they looked much better in October as momentum accelerated, driven by ample liquidity from the baby boomer generation, higher HDB resale prices that made the leap over to private housing less daunting and to some extent, those who made money from rising equity markets.

Here’s more from Savills:

At the time of writing, the major projects launched in October were the following:

• Zyon Grand sold 84% of its 706 units on the weekend of October 25-26th at an average price of S$3,050 per sq ft.

• Penrith sold 97% of its 462 units on the weekend of October 18-19th at an average price of S$2,800 per sq ft.

• Faber Residences sold 86% out of its 399 units on the weekend of October 18-19th at an average price of S$2,160 per sq ft.

• Skye at Holland sold 99% out of its 666 units at an average of S$2,953 per sq ft on the first day of launch on 11th October 2025.

With the spate of new launches that had already occurred in 2025 and those expected by the end of the year, the post-COVID repricing of the island is likely to be completed. Once the price step up for each micro-market is completed, the ability to re-price at a significant premium in each location will become more difficult unless HDB resale prices and equity markets continue galloping away.

Although the proclivity for the latter to continue breaking records is real, HDB resale prices are starting to plateau. Also, with the angst brought on by the Liberation Day tariffs, trade flows waver and the kaleidoscope of the employment market is changing unpredictably due to the increasing adoption of generative artificial intelligence at the workplace. The tariffs have an effect of moving the chess pieces around and this upsets previously established rules of engagement.

Sales for the remainder of 2025 are expected to remain robust. As we enter 2026, the above-mentioned effects may begin to influence buying demand.

Whilst demand may moderate, however, we believe that the amount of liquidity in the system, coming from savings of the baby boomer generation and profits from stock market gains, would still lift prices by about 3% in 2026. It is just that the 80% to 100% sell out rates for new launches may be harder to come by next year.