Singapore new home sales to hit 9,000 units in 2026

And private residential prices are expected to rise by up to 4% this year.

PropNex expects Singapore's private residential market to remain resilient through the rest of 2026, with steady home sales and overall price growth of between 3% and 4% despite softer conditions in the non-landed segment.

PropNex CEO Kelvin Fong said headline private home price growth in the second quarter was driven mainly by landed housing, while non-landed home prices, where most transactions occur, edged marginally lower, making it "a flat quarter" from the perspective of many homebuyers.

Mr Fong said new home sales remained healthy despite a lighter launch pipeline, with projects including Vela Bay, Tengah Garden Residences and Hudson Place Residences attracting solid demand. More than 80% of units sold at Tengah Garden Residences and Hudson Place Residences were priced below $2.5 million, while about 66% of sales at Vela Bay fell below that level, reflecting developers' focus on affordability.

PropNex also highlighted that the stock of unsold uncompleted private homes fell 7.2% quarter-on-quarter to 14,929 units, excluding executive condominiums, which the consultancy described as a manageable level equivalent to around one-and-a-half years of supply based on historical sales.

Early third-quarter sales have also been encouraging, with Lentor Gardens Residences selling 54% of its 499 units at an average price of about $2,350 per sq ft, indicating continued pricing strength for well-located projects in the Outside Central Region.

Developers sold 4,154 new private homes in the first half of 2026, while 7,038 resale homes changed hands. PropNex expects around 9,000 new home sales and 14,000 to 15,000 resale transactions for the full year.