Singapore luxury home transaction value eases in Q2 despite resilient resale market
The contrasting 6.1% rise in resale value signals demand shifting toward available completed properties, potentially supporting resale liquidity until new luxury launches return.
Singapore luxury residential transaction value fell 3.6% quarter-on-quarter to S$1.67 billion in Q2 2026 as new-home value dropped 40.7%.
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The total transaction value eased 3.6% to S$1.67b during the quarter.
Singapore's luxury residential market saw total transaction value ease 3.6 per cent quarter-on-quarter (QoQ) to S$1.67 billion in Q2 2026 from S$1.73 billion in Q1 2026, according to Realion (OrangeTee & ETC) Research. The figures include bulk transactions.
The research found that the decline was driven by weaker new home sales, with the total value of luxury new transactions falling 40.7 per cent QoQ from S$371 million to S$220 million. In contrast, luxury resale transaction value rose 6.1 per cent over the same period to S$1.43 billion from S$1.35 billion.
Citing URA Realis caveat data, Realion Research also noted that the number of Core Central Region condominiums transacted for at least S$5 million and above S$3,000 psf, excluding bulk deals, fell to 52 units in Q2 from 73 units in Q1. In the absence of new luxury launches, new sales in this price segment declined to 19 units from 50 units, with transactions recorded at projects including 21 Anderson, 32 Gilstead, Park Nova, River Modern, Skye at Holland, Skywaters Residences, The Giverny Residences, UPPERHOUSE at Orchard Boulevard and Watten House.
The highest psf price achieved during the quarter was S$5,947 psf for a 195 sq m unit at Skywaters Residences, which was sold for S$12.5 million in April. This was followed by a unit at 21 Anderson that changed hands at S$5,013 psf, or S$22.5 million, also in April, according to the report.