Singapore private home price growth eases to 0.5% in Q2
The segment divergence signals resilient but selective demand, potentially supporting prime and landed pricing while attractive launch prices remain important in broader non-landed markets.
Singapore private home prices rose 0.5% quarter-on-quarter in Q2 2026, as landed prices gained 2.6% while non-landed prices slipped 0.1%.
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Landed homes lead Singapore private housing market as price growth moderates.
Singapore's private residential price growth moderated in the second quarter of 2026, with prices rising 0.5% quarter-on-quarter, down from 0.9% growth in the previous quarter, according to CBRE's analysis of the Urban Redevelopment Authority's (URA) flash estimates.
CBRE said the slower growth was driven by a 2.6% rebound in landed home prices, while non-landed prices slipped 0.1% after rising 1.3% in Q1. Across the non-landed segments, the Core Central Region (CCR) outperformed with 2.0% price growth, while the Outside Central Region (OCR) edged down 0.2% and the Rest of Central Region (RCR) declined 1.4%. Overall, private home prices rose 1.4% in the first half of 2026.
Based on caveats downloaded from Realis on 1 July 2026, CBRE said 2,116 new private homes, excluding executive condominiums, were sold in Q2, supported by strong take-up at major launches despite fewer project launches and heightened economic uncertainty arising from the Middle East conflict. The consultancy noted firm pricing at existing CCR projects River Modern and The Robertson Opus helped lift the prime market, while attractive pricing drove strong sales at Tengah Garden Residences in the OCR and Hudson Place Residences influenced pricing in the RCR.
Looking ahead, CBRE said homebuying demand has remained resilient amid low mortgage rates despite global uncertainty, while developers have shown growing confidence in recent CCR Government Land Sales tenders. Barring major economic shocks, the consultancy expects 7,500 to 8,500 new homes to be sold in 2026 and maintained its forecast for private home prices to increase 2% to 4% for the full year, supported by a healthy pipeline of launches in the second half.