# Private home prices up 1.4% while rents gain 1.3% in 3Q2026, speeding up slightly

- **Source:** EdgeProp Singapore
- **Published:** 2026-10-23T01:05:22.000Z
- **Author:** Fiona Lam
- **Original:** https://www.edgeprop.sg/property-news/private-home-prices-14-while-rents-gain-13-3q2026-speeding-slightly
- **Topics:** Private Residential, Government & Policy

## Featured rationale

The gains signal continued market resilience, particularly in landed and suburban segments, though rising vacancies and substantial upcoming supply may moderate landlord and seller expectations.

## AI summary

Singapore private-home prices rose 1.4% quarter on quarter in 3Q2026, led by landed homes at 2.9%, while rents increased 1.3%.

## Original article

Prices of private homes — excluding executive condos (ECs) — in Singapore increased by 1.4% q-o-q in the third quarter of this year, as compared with 0.5% in the preceding quarter, with landed homes leading the increase.

Rents likewise grew at a slightly faster rate, rising 1.3% q-o-q in the latest three months, up from 0.7% previously.

That is according to URA’s quarterly real estate statistics released on Oct 23, and is in line with its flash estimates published earlier in the month.

Read also: Johor landed homes: What's attracting Singaporean buyers and what they should know

For the first nine months of this year, prices of Singapore’s overall private residential property price index increased by an average of 0.9% per quarter — similar to the corresponding period last year.

Landed homes got 2.9% pricier in 3Q2026, speeding up from the 2.5% increase in the previous quarter.

Meanwhile, prices of non-landed residential properties islandwide gained 1%, reversing from the 0.1% decrease in the previous quarter.

By region, the biggest percentage increase for non-landed homes came from the Outside Central Region (OCR) or suburbs at 2.3%.

This was followed by the Core Central Region (CCR) with a 0.3% rise, slowing from 1.8% in the previous quarter.

In the Rest of Central Region (RCR) or city fringe, prices of non-landed properties were unchanged in the third quarter, after a decrease of 1.2% in the second quarter.

Quieter new launch calendar

The stronger price growth coincided with a relatively quieter new-launch environment, as well as a shift in the mix of new home transactions towards higher price brackets, according to SRI head of research and data analytics, Mohan Sandrasegeran.

Read also: What's moving the market: Singapore's biggest property deals and hottest searches (Oct 16)

In the primary market, homes priced between $2 million and below $5 million made up some 68.2% of new private home sales during the third quarter, a bigger proportion than the 49.2% in the previous quarter.

This does not necessarily indicate that buyers are becoming less price-sensitive, as it may instead reflect the types of units available for purchase during the quarter, Sandrasegaran noted.

It also highlights how private residential price movements are influenced by a combination of factors, including the composition of transactions, the relative performance of different market segments and prevailing demand for residential properties.

"As such, the stronger price growth should not necessarily be interpreted as a broad acceleration across all developments, but rather as an indication of continued resilience in the overall private residential market," Sandrasegeran added.

Lull in sales activity

Meanwhile, the total number of private home transactions fell 16.3% q-o-q to 5,146 units — the lowest volume observed since 2Q2025.

The decline came amid lower launch volumes and homebuyer activity due to seasonal factors, ERA noted.

Read also: What's moving the market: Singapore's biggest property deals and hottest searches (Oct 9)

Resale transactions dipped from 3,813 in the second quarter to 3,801. They also accounted for 73.9% of all sales transactions this quarter, up from 62% previously, possibly due to the leaner pipeline of new launches, said Marcus Chu, chief executive of ERA Singapore.

He added that 52.4% of resales during the quarter involved OCR condos, which suggests "resilient demand from owner-occupiers and genuine demand for homes".

Riverfront Residences along Hougang Avenue 7 saw the most activity with 33 transactions, going by caveats lodged for resale condos during the quarter.

Next were D'Nest in Pasir Ris with 29 deals, while Normanton Park in District 5 and Treasure At Tampines tied for third place with 27 each, according to ERA.

Huttons Asia chief executive Mark Yip said that buyers leveraged on the slightly softer demand to negotiate for better prices, resulting in prices in the resale market easing by 1.1% in the third quarter.

Among new-launch projects, Lentor Gardens Residences was the best seller in the quarter, as buyers “were convinced of the transformation of the Lentor precinct, aided by the completion of Lentor Mall”, as well as its attractive pricing and the area’s investment viability, Yip opined.

Landed homes: Sustained buyer demand

A total of 588 landed homes were sold during 3Q2026, which is the highest quarterly volume for the segment so far this year.

This occurred even as the overall private housing market was less active.

ERA said the 2.9% q-o-q increase in landed home prices, up from the 2.5% growth in the previous quarter, could be attributed to more houses fetching at least $5 million, with the number rising to 308 in the latest quarter.

Notably, about 40.4% of landed homes sold for $5 million to $7.5 million, accounting for most of the quarter’s transactions.

"Landed homes continue to attract buyers for their long-term value and established appeal," Chu said.

Executive condo prices ease

The EC segment faced a shift in buyer behavior given the policy tightening in May this year.

The new EC rules encouraged some purchasers to opt for available inventory instead of waiting for upcoming launches, according to Huttons. As a result, developers sold 68 units from existing EC projects in 3Q2026.

Coastal Cabana moved 49 units at a median price of $1,829 psf, and Rivelle Tampines sold 18 units at a median of $1,938 psf.

The median price of ECs dropped by 1.6% q-o-q to $1,850 psf, down from $1,880 psf in the second quarter.

There were fewer than 150 unsold EC units in the market as of end-September 2026.

Rents of suburban condos see biggest increase

In the rental market, landed properties saw rents growing by 2.1% q-o-q, moderating slightly from the 2.7% increase in the previous quarter.

Among non-landed properties, rents were up 1.2%, accelerating from the 0.4% gain previously.

The OCR took the lead with a 3.1% jump in rents of condos and apartments, in contrast to the 0.3% decrease in the second quarter.

Next was the RCR with rents moving up by 1.5% for non-landed homes, after staying flat previously.

Moving in the opposite direction was the CCR, where rents of non-landed properties slipped by 0.3%, versus the increase of 1.2% in the preceding quarter.

Despite the overall 1.3% increase in islandwide rents, occupancy rates remained “healthy” at 92.8%, said Christine Sun, chief researcher and strategist of Realion (OrangeTee & ETC) Group.

Still, a surge in completed private residential stock — increasing by 3,491 units during the third quarter — led to overall vacancy rising to 7.2%, from 6.4% previously.

"AI has reshaped the employment landscape, potentially displacing some workers, while creating new roles and attracting AI-related businesses and talent to Singapore," Sun said. "Hence, landlords may need to adapt to changing tenant demographics, income levels and housing preferences."

Upcoming supply and outlook

A significant supply of about 32,800 private housing units, including EC units, could be made available for sale over the next one to two years, URA said on Oct 23.

This is part of the total supply of 57,200 private residential units expected to be completed over the next few years, and comes amid the large supply injection via government land sales (GLS).

In the second half of 2026, the government is launching GLS sites that can yield a total of 4,745 new private homes under the Confirmed List. That will bring the full-year GLS Confirmed List supply to 9,320 units, more than 50% above the annual average over the past decade, URA said.

Realion's Sun noted that the final quarter of this year will likely see a surge in transactions of private homes due to the highly anticipated line-up of several blockbuster launches, including Lucerne Grand, Thomson Reserve and The Serra Residences.

In particular, with 1,268 units and an average launch price of above $2,600 psf, Thomson Reserve in the RCR could lift the overall private property price index in the fourth quarter, Sun continued.

"Nevertheless, some buyers may exercise caution as interest rates could continue to rise in the months ahead," she said.

For the whole of 2026, Realion expects overall prices of private homes in Singapore to grow by 3–4%.

Yip from Huttons projected that total sales volume for the year could reach about 7,000 units, barring major market disruptions.

He added that this will be a "notable shift", as developer sales are set to outpace total new launches for the first time since 2022, which signals sustained demand for new private homes.

## Chinese translation

> Translation model: grok_cli

### 2026年第三季度私宅价格上涨1.4%，租金上升1.3%，涨速略有加快

有地住宅价格上涨2.9%；非有地物业价格上升1%。郊区共管公寓租金录得最大涨幅3.1%。

新加坡私宅价格（不包括执行共管公寓）今年第三季度环比上涨1.4%，上一季度为0.5%，其中有地住宅领涨。

租金同样以稍快的速度增长，最近三个月环比上升1.3%，高于此前的0.7%。

这是根据市区重建局10月23日发布的季度房地产统计，与该局本月较早时公布的初步估算一致。

另请阅读：柔佛有地住宅：什么在吸引新加坡买家，以及他们应当了解什么

今年前九个月，新加坡整体私人住宅价格指数平均每季度上涨0.9%，与去年同期相近。

2026年第三季度，有地住宅价格上涨2.9%，涨速较上一季度2.5%的升幅加快。

与此同时，全岛非有地住宅价格上升1%，扭转了上一季度0.1%的跌幅。

按地区划分，非有地住宅百分比涨幅最大的是中央区以外（OCR），即郊区，达2.3%。

其次是核心中央区（CCR），上涨0.3%，慢于上一季度的1.8%。

在其他中央区（RCR），即城市边缘，非有地物业价格在第二季度下跌1.2%之后，第三季度保持不变。

新盘推出日程较为清淡

SRI研究与数据分析主管Mohan Sandrasegeran表示，价格涨幅走强，恰逢新盘推出环境相对清淡，新房交易组合亦转向更高价格区间。

另请阅读：市场动向：新加坡最大房产交易与最热门搜索（10月16日）

在一手市场，售价介于200万新元至500万新元以下的住宅，约占第三季度新私宅销售的68.2%，比例高于上一季度的49.2%。

Sandrasegaran指出，这不一定表明买家对价格变得不那么敏感，因为它所反映的，可能只是本季度可供购买的单位类型。

这也说明，私人住宅价格变动如何受到多种因素共同影响，包括交易构成、不同市场板块的相对表现，以及当时对住宅物业的需求。

Sandrasegeran补充说：“因此，较强的价格增长不一定应被解读为所有项目全面加速，而应视为整体私人住宅市场持续具有韧性的迹象。”

销售活动陷入低迷

与此同时，私宅交易总数环比下降16.3%至5,146个单位，为2025年第二季度以来观察到的最低成交量。

成交下降之际，推出量较低，购房者活动亦因季节性因素而减少，ERA指出。

另请阅读：市场动向：新加坡最大房产交易与最热门搜索（10月9日）

转售成交从第二季度的3,813宗降至3,801宗。ERA新加坡首席执行官Marcus Chu表示，转售亦占本季度全部销售交易的73.9%，高于此前的62%，可能是由于新盘推出管道较为清淡。

他补充说，本季度52.4%的转售涉及中央区以外的共管公寓，这显示“来自自住者的需求具有韧性，以及对住宅的真实需求”。

根据本季度转售共管公寓所登记的买卖契约（caveat），位于后港7道的Riverfront Residences最为活跃，共有33宗交易。

据ERA称，其次是巴西立的D'Nest，有29宗交易；第5邮区的Normanton Park与Treasure At Tampines并列第三，各有27宗。

合登亚洲（Huttons Asia）首席执行官Mark Yip表示，买家借助略为疲软的需求议价，以争取更好的价格，导致转售市场价格在第三季度回落1.1%。

在新推出项目中，Lentor Gardens Residences是本季度最畅销的项目。Yip认为，买家“相信Lentor一带在Lentor Mall竣工助力下的转型”，其定价具有吸引力，该地区亦具备投资可行性。

有地住宅：买家需求持续

2026年第三季度共售出588个有地住宅，为该板块今年迄今最高的单季成交量。

即便整体私人住宅市场活跃度较低，仍出现这一情况。

ERA表示，有地住宅价格环比上涨2.9%，高于上一季度2.5%的增幅，可能是因为成交价至少达到500万新元的房屋增多，最近一个季度该数量升至308间。

值得注意的是，约40.4%的有地住宅以500万新元至750万新元售出，占本季度大部分交易。

Chu表示：“有地住宅因其长期价值和既有吸引力，继续吸引买家。”

执行共管公寓价格回落

鉴于今年5月政策收紧，执行共管公寓板块面临买家行为的转变。

据合登称，新的执行共管公寓规定促使部分购买者选择现有库存，而不是等待即将推出的项目。因此，发展商在2026年第三季度从现有执行共管公寓项目售出68个单位。

Coastal Cabana以每平方英尺1,829新元的中位数价格售出49个单位，Rivelle Tampines以每平方英尺1,938新元的中位数售出18个单位。

执行共管公寓的中位数价格环比下降1.6%至每平方英尺1,850新元，低于第二季度的每平方英尺1,880新元。

截至2026年9月底，市场上未售出的执行共管公寓单位少于150个。

郊区共管公寓租金涨幅最大

租赁市场上，有地房产租金环比增长2.1%，较上一季度2.7%的涨幅略为放缓。

非有地房产中，租金上升1.2%，快于此前0.4%的涨幅。

中央区以外领先，共管公寓及公寓租金跃升3.1%，与第二季度下降0.3%形成对比。

其次是其他中央区，非有地住宅租金在此前持平后上升1.5%。

走势相反的是核心中央区，非有地物业租金下滑0.3%，而上一季度则上涨1.2%。

尽管全岛租金整体上升1.3%，入住率仍保持“健康”，为92.8%，Realion（OrangeTee & ETC）集团首席研究员兼策略师Christine Sun表示。

尽管如此，已竣工私人住宅存量激增——第三季度增加3,491个单位——使整体空置率从此前的6.4%升至7.2%。

“人工智能已重塑就业格局，可能取代部分员工，同时也创造新的岗位，并吸引人工智能相关企业和人才前来新加坡，”Sun表示。“因此，房东可能需要适应不断变化的租户人口结构、收入水平和住房偏好。”

未来供应与展望

市区重建局10月23日表示，未来一至两年，可能有约32,800个私人住宅单位（包括执行共管公寓单位）可供出售，供应量相当可观。

这是未来数年预计竣工的57,200个私人住宅单位总供应的一部分，背景则是通过政府售地计划（GLS）大量注入供应。

2026年下半年，政府正在推出确认名单（Confirmed List）下的政府售地计划地段，可产生共计4,745个新私宅。市区重建局表示，这将使全年政府售地计划确认名单供应量达到9,320个单位，比过去十年的年均水平高出50%以上。

Realion的Sun指出，由于多宗备受期待的重磅新盘即将登场，包括Lucerne Grand、Thomson Reserve和The Serra Residences，今年最后一个季度的私宅交易很可能会激增。

Sun接着表示，尤其是位于其他中央区、拥有1,268个单位、平均发售价高于每平方英尺2,600新元的Thomson Reserve，可能推高第四季度的整体私人房地产价格指数。

她表示：“尽管如此，由于未来数月利率可能继续上升，部分买家可能会保持谨慎。”

Realion预计，2026年全年新加坡私宅整体价格将增长3%至4%。

合登的Yip预计，若无重大市场干扰，全年总销售量可能达到约7,000个单位。

他补充说，这将是一次“显著转变”，因为发展商销售量将自2022年以来首次超过新盘推出总量，这显示对新私宅的需求持续。