Singapore Property Market Outlook 2026: Trends and Forecasts
The Singapore property market outlook for 2026 suggests a period of stability following the trends observed in 2025. Prices for private homes and HDB resale flats experienced a more moderate growth rate, reaching multi-year lows. Despite this slowdown in price appreciation, buyer demand remained consistent, pointing towards a balanced market environment.
This article will delve into the performance of different segments within the Singapore property market, examining price movements, transaction volumes, and rental trends. Understanding these factors is crucial for anyone looking to invest or make property decisions in the coming year.
Overview of Singapore Real Estate Market Trends
The latest data indicates a slowing but steady growth in private home prices in 2025. This was the slowest pace of increase in five years, yet overall transaction volumes saw a rebound. Similarly, HDB resale flat prices also recorded their most moderate growth in six years, accompanied by a slight decrease in sales volume. These patterns suggest a market settling into a more sustainable state, where rapid price surges are less common, but underlying demand remains robust.
For those interested in Singapore real estate market trends, the stability seen in 2025 is a key takeaway. It reflects a market that is neither overheating nor significantly declining, offering a more predictable landscape for participants.
Private Home Price Evolution
In the final quarter of 2025, private home prices increased by 0.6% quarter-on-quarter, a slight dip from the previous quarter’s 0.9% growth. The total increase for 2025 was 3.3%, marking the slowest annual growth rate since 2020. This indicates a period of adjustment after several years of more aggressive price gains.
Breaking down the private home sector, landed properties saw a significant 3.4% quarter-on-quarter increase in Q4 2025, contributing to a 7.6% annual rise. In contrast, non-landed private home prices decreased by 0.2% in the same quarter, leading to a 2.3% full-year growth. This is the slowest annual growth for non-landed properties since 2019.
Within non-landed homes, the Rest of Central Region (RCR) and Outside Central Region (OCR) continued to show resilience, with prices rising by 0.7% and 1.0% respectively in Q4 2025. This translates to annual increases of 1.6% for RCR and 3.2% for OCR. The Core Central Region (CCR), however, saw a 3.5% price decline in Q4 2025, though it still registered a 1.9% increase for the full year.
Singapore New Launch Condo Sales and Resale Market Activity
Developer sales of new private homes (excluding Executive Condominiums or ECs) totalled 2,940 units in Q4 2025. For the entire year, 10,815 new homes were sold. This represents a significant increase compared to 2024, attributed to a greater number of new project launches, more competitive pricing, and generally improved market confidence.
The resale market also demonstrated healthy activity. Approximately 3,529 private homes were resold in Q4 2025. In total, 14,622 resale transactions occurred in 2025, a 4% increase from 2024. This marks the highest resale volume in four years, underscoring sustained buyer interest in existing properties.
Rental Market Movements
The private residential rental market experienced a slight contraction in Q4 2025, with a 0.5% quarter-on-quarter decrease. However, for the full year, rentals recorded a 1.9% growth, reversing the decline seen in 2024. This recovery is largely due to strong demand for rented units and a relatively tight housing supply.
The number of rental contracts for private homes reached a three-year high in 2025, indicating strong leasing activity. Experts anticipate that private home rentals will continue to see single-digit growth in 2026. This outlook is supported by a stable pipeline of new housing completions, which should help meet demand without creating an oversupply.
Overall Singapore Property Market Outlook
The Singapore property market outlook for 2026 suggests a continuation of the balanced conditions observed in 2025. While price growth has moderated, sales volumes remain healthy, powered by genuine buyer demand and disciplined pricing strategies from developers. Interest rates have also remained stable, contributing to buyer confidence and affordability.
This environment is favourable for potential buyers and investors as it offers more predictable market dynamics. The blend of moderate price growth, consistent demand, and a recovering rental market paints a picture of stability rather than volatility.
How ZaiDean Can Help With Singapore Property Market Outlook
Understanding the current Singapore property market outlook is essential for making informed decisions. ZaiDean provides clear, practical insights into market trends and data. Whether you are looking to purchase a new launch condo, invest in a resale property, or simply understand the broader Singapore real estate market trends, ZaiDean offers honest and expert guidance. My analysis helps clients navigate the market with confidence, without relying on hype or exaggeration, ensuring you receive grounded advice for your property endeavours.