Private home prices up 2.8% in Q1 as sales plunge 42.8%

On a quarterly basis, growth slowed to 0.3% amidst weaker new sales and resale volumes.

Private residential prices in Singapore increased 2.8% year on year (YoY) in the first quarter of this year (Q1 2026), whilst total transaction volumes fell 42.8% YoY, according to a report by Realion.

On a quarterly basis, prices rose 0.3% in Q1 2026, marking the third consecutive quarter of slower growth. The report also found that URA private residential price index stood at 217.

Total private housing transactions declined 37.1% quarter on quarter (QoQ) to 4,149 units with new home sales dropping 53.1% QoQ and 58.8% YoY to 1,372 units, whilst resale transactions fell 23.2% QoQ and 26.6% YoY to 2,662 units.

Landed transactions declined 31% QoQ and 17.7% year on year to 359 units.

Average new sale prices rose 3.7% QoQ and 14.7% YoY to $2,851 per square foot (psf). Resale prices were flat QoQ and increased 3.5%YoY to $1,833 psf.

By segment, landed property prices fell 1.8% QoQ but increased 5.2% YoY. Non-landed prices rose 1% QoQ.

By region, the Outside Central Region recorded the strongest quarterly price growth at 1.3%, followed by the Rest of Central Region at 0.9% and the Core Central Region at 0.4%.

Transaction volumes declined across all regions YoY, led by the Rest of Central Region, which fell 55% QoQ.

In the new sales segment, certain projects, including Rivelle@Tampines and Pinery Residences, recorded sales of more than 90% during launch weekends.

Landed resale transactions accounted for 338 of 359 landed deals, whilst new landed transactions accounted for 21 units. New landed prices rose 10.6% QoQ, whilst resale landed prices declined 0.7%.

The report projected full-year 2026 price growth of 2.5% to 4.5%, with total sales volume forecast at 23,500 to 25,500 units.

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Realion Group

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