Singapore private home prices expected to rise 2-4% this year

CBRE also forecasts up to 8,500 new home sales in 2026.

Singapore's new home market is expected to regain momentum in the second half of 2026, supported by upcoming project launches, resilient buyer demand and favourable economic fundamentals, according to CBRE.

CBRE noted that developers sold 4,164 new private homes in the first half of 2026, down 9.2% from 4,587 units in the corresponding period last year. Despite the slower pace, the consultancy said homebuying appetite has remained resilient amid heightened geopolitical uncertainty stemming from renewed Middle East tensions.

Sales are expected to rebound from July as several major projects enter the market, including the 499-unit Lentor Gardens Residences, the seventh development in the Lentor estate, and the 380-unit Dunearn House, the first residential launch in the Bukit Timah Turf City rejuvenation area.

CBRE highlighted that Singapore's economy expanded 5.7% year-on-year in the second quarter of 2026, easing from a revised 6.3% growth in the previous quarter but remaining robust for a mature economy.

Barring any major economic shocks, CBRE forecasts 7,500 to 8,500 new private homes will be sold in 2026, supported by a healthy pipeline of launches, strong household balance sheets, low unemployment and favourable mortgage rates. While below the 10,815 units sold in 2025 and slightly under the five-year average of 8,766 units, the projected sales volume would still represent a healthy level of market activity.

CBRE also maintained its forecast for private home prices to increase by 2% to 4% in 2026. Based on the Urban Redevelopment Authority's flash estimates, prices rose 1.4% in the first half of the year, with similar growth expected in the second half, broadly in line with the Ministry of Trade and Industry's 2026 GDP growth forecast of 2% to 4%.