Singapore private home prices to grow by 3-4% in 2026

2025 has laid the groundwork for a resilient private housing market in 2026.

Flash estimates from the Housing and Development Board (HDB) showed that private residential property prices in Singapore continued to edge up in Q4 2025 with a 0.7% increase, helped by healthy home sales and the landed homes segment.

PropNex CEO Kelvin Fong notes that the price growth in Singapore’s private housing segment in Q4 2025 was measured, contributing to a year of more sustainable price increase, despite new home sales hitting a four-year high and the relatively stable demand in the resale market.

“Based on the flash estimates, overall private home prices grew by a cumulative 3.4% in 2025 – the slowest pace of growth since 2020. The moderate price growth is a welcome development for the market, as a calmer pricing environment can help to reduce FOMO (fear of missing out) and hype, leading to steadier demand,” Fong adds.

Here’s more from PropNex:

While all sub-markets saw strong sales in 2025, we single out the resurgence in the CCR as a top highlight. That the CCR demand returned in a meaningful way – with healthy participation from local buyers – suggests a more balanced property market, healthy domestic liquidity among homebuyers, and stronger buyer confidence. Based on caveats lodged, Singaporean buyers accounted for 82.6% of non-landed new private home sales in the CCR in 2025 (till 21 December) – the highest proportion on record since 1995.  

Overall, Singapore’s private residential property market has demonstrated resilience and saw renewed buying interest in 2025, underpinned by healthy demand in both the primary and secondary markets. One of the key drivers has been the sharp moderation in interest rates – the 3 Month Compounded SORA (Singapore Overnight Rate Average), which banks use to price home loan packages fell from 3.02% p.a. in the beginning of 2025 to around 1.19% p.a. as at 31 December 2025.

With borrowing costs having eased from previous highs, some buyers who had been on the sidelines have moved decisively on a property purchase. A more accommodative interest rate environment provides an impetus for buyers to lock in purchases while financing remains favourable and before home prices potentially inch up, seeing that land prices have been on the uptrend recently. It also helped that there was an ample slate of new launches, many of them well-located and developers have generally priced units competitively.

All in all, we think 2025 has laid the groundwork for a resilient private housing market in 2026, one that is supported by more stable interest rates, low unemployment, healthy household balance sheets, and a stream of attractive upcoming launches. In 2026, we anticipate that some 20 projects (ex. EC) with around 8,487 units, and possibly four EC projects which offer 2,040 new EC units may be launched – taking the total launch pipeline supply to 10,527 units, which is slightly lower than the 12,860 total units launched in 2025 (comprising 11,500 private homes and 1,360 EC units).

PropNex projects that developers’ sales may range from 8,000 to 9,000 units (ex. EC) in 2026 in view of the tighter launch pipeline, while private resale home volume may come in at about 14,000 to 15,000 units. Meanwhile, we expect private home prices could continue to grow moderately at 3% to 4% in 2026.