# Singapore private home prices up by a modest 0.5%; rents edge up 0.7% - **Source:** EdgeProp Singapore - **Published:** 2026-07-24T02:34:13.000Z - **Author:** Ashley Lo - **Original:** https://www.edgeprop.sg/property-news/singapore-private-home-prices-modest-05-rents-edge-07 - **Topics:** Private Residential, New Launches, Government & Policy ## Featured rationale Moderating price growth alongside higher primary and resale volumes signals resilient demand, although rising mortgage rates may make buyers more cautious about large purchases. ## AI summary Singapore private home prices rose 0.5% quarter on quarter in 2Q2026, while rents increased 0.7% and developers sold 2,141 new homes. ## Original article Private home prices in Singapore edged up 0.5% q-o-q in 2Q2026, slowing down from the 0.9% growth registered in the previous quarter, data released by URA on July 24 showed. For the first half of the year, prices of private residential properties in 1H2026 were up by a marginal 1.4%, dipping below the 1.8% gain during the same period last year. The updated 2Q2026 price growth is unchanged from the flash estimates released earlier this month. “Following the bumper crop of new launches that propelled private property price growth in the latter quarters of 2025, we have witnessed a moderation in prices in 2Q2026 and 1H2026 overall,” says Marcus Chu, CEO of ERA Singapore. “This can be attributed to a lower volume of launches in the first half of this year amid seasonal factors like the Chinese New Year holidays, as well as the June School Holidays.” Read also: Non-landed private home prices fell by 0.1% in second quarter, with 1.4% drop in RCR: flash estimates Landed homes gain momentum “The headline price growth in 2Q2026 was mainly carried by the landed housing segment,” says Kelvin Fong, CEO of PropNex. The segment posted the strongest price growth during the quarter with prices of landed properties increasing by 2.5% in 2Q2026, reversing from the 0.4% decline in 1Q2026. This brought cumulative price growth for the first half of 2026 to 2.1%. Meanwhile, the non-landed segment saw prices fall by 0.1% in the quarter after a 1.3% increase in the previous quarter. Within the Core Central Region (CCR), non-landed properties’ prices rose 1.8% in 2Q2026, gaining pace from the 0.6% increase in 1Q2026. Leonard Tay, head of research at Knight Frank Singapore, attributes part of the growth to newly minted citizens and permanent residents (PRs), following the government's efforts to increase the number of citizenships and PRs granted in recent years to mitigate demographic challenges caused by low birth rates. Conversely, the Rest of Central Region (RCR) saw prices for non-landed properties drop 1.8%, compared with the 0.8% increase in the first quarter. As for the Outside of Central Region (OCR), prices of non-landed homes inched down by 0.1%, reversing from the 2.2% gain recorded in 1Q2026. Read also: Prices of non-landed private homes inched down 0.1% m-o-m in April: NUS estimates URA private property price index Rental growth remains steady The overall private residential rental index saw a marginal increase of 0.7% during the quarter, outpacing the 0.3% growth registered in 1Q2026. Rental transactions of non-landed private homes rose 0.4% in 2Q2026, maintaining the same rate of growth in the previous quarter. By region, non-landed rents in the CCR recorded the strongest growth, rising 1.2%, following a 0.5% increase in 1Q2026. This was followed by the RCR, where rents remained unchanged, compared with a 0.2% drop in 1Q2026. In contrast, rents in the OCR slipped 0.3%, reversing the 1.0% gain made in the previous quarter. Looking ahead, PropNex expects leasing demand to remain relatively resilient, with rents staying fairly stable amid a moderate pipeline of 5,012 new private homes expected to be completed in the second half of the year. Primary market demand boosts resale activity In terms of transaction volume, the primary market observed developers moving 2,141 new private homes in, excluding executive condos (ECs), during the quarter. This was up from the 2,013 units sold in 1Q2026. Lee Sze Teck, senior director of data analytics at Huttons Asia, notes that the robust sales were driven by three non-landed projects — Hudson Place Residences, Tengah Garden Residences and Vela Bay — which accounted for 67.5% of the developer sales during the quarter. Read also: Private residential property prices inch up 0.3% q-o-q in 1Q2026: URA flash estimate Breakdown of private home transactions (excluding ECs) by type of sale Meanwhile, the resale market saw transaction volume climb 18.2% q-o-q to 3,813 units. “Robust demand in the primary market spilled over into the secondary segment,” says Lee. “Buyers who were unsuccessful during the balloting phases of major new launches increasingly redirected their attention to the resale market.” As for sub-sales, there were 194 transactions, making up about 3.2% of total secondary-market deals for the quarter. This marked a 10.9% q-o-q increase in sub-sale volume from 175 units in 1Q2026. Resale volume and prices in 2Q2026 Tight supply and economic growth to underpin buying demand The Singapore economy expanded by a stronger-than-expected 6% in the first half of the year, which could bolster market confidence and buying demand, says Huttons' Lee. At the same time, supply remains tight, with about 7,000 private residential units expected to be launched in 2026 — the smallest launch pipeline since 2023. The third quarter is expected to see several “highly anticipated launches”, including Dunearn House, the first project within the new Turf City precinct, and Amberwood at Holland. The OCR will also welcome Lucerne Grand, the first project to launch near Lakeside MRT Station since 2015. Against this backdrop, Huttons forecasts full-year new home sales of between 7,500 and 9,000 units, while private home prices are expected to register moderate growth of 2% to 5%. Knight Frank's Tay shares a similar view, saying Singapore's non-landed private residential market should remain resilient through the rest of 2026, supported by what he describes as "indomitable" domestic demand at new launches. With demand stemming from local buyers, professionals, and business owners, private home prices are expected to rise by about 3% to 5% for the whole of 2026, says Tay. That said, Christine Sun, chief researcher and strategist of Realion (OrangeTee & ETC Group), cautions that rising mortgage rates and a subdued hiring outlook could result in homebuyers exercising greater caution with big-ticket purchases, which could impact housing demand and slow price growth. Against this backdrop, she projects overall prices to edge up by 2.5% to 3.5% in 2026. ## Chinese translation > Translation model: grok ### 新加坡私人住宅价格温和上涨0.5%；租金微升0.7% 本季发展商售出2,141套新私人住宅，高于2026年第一季的2,013个单位。 新加坡私人住宅价格在2026年第二季环比微升0.5%，增速低于上季的0.9%。市区重建局（URA）于7月24日发布的数据显示。 上半年（2026年1H）私人住宅价格仅温和上涨1.4%，低于去年同期1.8%的涨幅。 更新后的2026年第二季价格增幅，与本月早前发布的预估数据一致。 “在2025年下半年大量新盘推动私人房产价格上涨之后，我们看到2026年第二季及上半年整体价格有所缓和，”ERA Singapore首席执行官Marcus Chu表示。“这可归因于今年上半年推盘量较低，并受农历新年假期以及6月学校假期等季节性因素影响。” 延伸阅读：非有地私人住宅价格第二季下跌0.1%，RCR跌1.4%：预估数据 有地住宅动能增强 “2026年第二季头条价格增长，主要由有地住宅板块拉动，”PropNex首席执行官Kelvin Fong表示。 该板块本季价格增幅最强：有地住宅价格在2026年第二季上升2.5%，扭转第一季下跌0.4%的走势。这使得2026年上半年累计价格增长达2.1%。 与此同时，非有地板块价格本季下跌0.1%，此前上季曾上涨1.3%。 在核心中央区（CCR），非有地房产价格在2026年第二季上涨1.8%，增速高于第一季的0.6%。 莱坊新加坡（Knight Frank Singapore）研究主管Leonard Tay将部分增长归因于新入籍公民与永久居民（PR）——政府近年为缓解低生育率带来的人口挑战，增加了公民与PR发放数量。 相反，中央区其他地区（RCR）非有地房产价格下跌1.8%，而第一季曾上涨0.8%。中央区以外地区（OCR）非有地住宅价格微跌0.1%，扭转第一季上涨2.2%的走势。 延伸阅读：非有地私人住宅价格4月环比微跌0.1%：国大估算 URA私人房产价格指数 租金增长保持稳健 整体私人住宅租金指数本季微升0.7%，高于2026年第一季的0.3%。 非有地私人住宅租赁成交量在2026年第二季上升0.4%，与上季增速持平。 按区域划分，CCR非有地租金增幅最强，上升1.2%，此前第一季上涨0.5%。其次是RCR，租金持平，而第一季曾下跌0.2%。 相比之下，OCR租金回落0.3%，扭转上季上涨1.0%的走势。 展望未来，PropNex预期租赁需求将保持相对韧性，租金大致稳定；下半年预计有5,012套新私人住宅落成，供应管道适中。 一级市场需求带动转售活跃 成交量方面，一级市场方面，发展商本季售出2,141套新私人住宅（不含执行共管公寓EC），高于2026年第一季的2,013个单位。 合登亚洲数据分析高级总监Lee Sze Teck指出，强劲销售由三个非有地项目驱动——Hudson Place Residences、Tengah Garden Residences与Vela Bay——合计占本季发展商销量的67.5%。 延伸阅读：私人住宅价格2026年第一季环比微升0.3%：URA预估 按销售类型划分的私人住宅交易分布（不含EC） 与此同时，转售市场成交量环比攀升18.2%，至3,813个单位。 “一级市场的强劲需求外溢至二级市场，”Lee表示。“在主要新盘抽签阶段未中签的买家，越来越多地将注意力转向转售市场。” 转售（sub-sale）方面，本季有194宗交易，约占二级市场总成交的3.2%。转售成交量环比增加10.9%，高于2026年第一季的175个单位。 2026年第二季转售成交量与价格 供应偏紧与经济增长支撑购房需求 新加坡经济上半年增长6%，好于预期，可能提振市场信心与购房需求，合登的Lee表示。 与此同时，供应仍然偏紧：预计2026年约有7,000个私人住宅单位推盘——为2023年以来最小的推盘管道。 第三季预计将有多个“备受期待的推盘”，包括Dunearn House——新Turf City片区的首个项目，以及Amberwood at Holland。OCR也将迎来Lucerne Grand——自2015年以来首个在湖畔地铁站（Lakeside MRT）附近推盘的项目。 在此背景下，合登预测全年新房销量介于7,500至9,000个单位，私人住宅价格预计温和增长2%至5%。 莱坊的Tay观点相近，认为新加坡非有地私人住宅市场在2026年剩余时间应保持韧性，并得到他所谓“不屈不挠”的本地新盘需求支撑。 在本地买家、专业人士与企业主需求推动下，私人住宅价格2026年全年预计上涨约3%至5%，Tay表示。 不过，Realion（OrangeTee & ETC Group）首席研究员兼策略师Christine Sun提醒，按揭利率上升与招聘前景偏弱，可能使购房者在大额置业上更加谨慎，从而影响住房需求并放缓价格增长。 在此背景下，她预计2026年整体价格将微升2.5%至3.5%。