Landed home sales ease to $5.4b in 1H 2026

Prestige landed properties remained resilient, with transaction value rising 19.3% YoY.

The landed housing market recorded 869 transactions worth a combined $5.4b in the first half of 2026, based on caveats lodged up to 7 June, according to PropNex Research.

This was lower than the 1,009 deals valued at $5.78b in the first half of 2025 and the 1,139 transactions worth $6.95b in the second half of last year.

PropNex attributed the slowdown partly to economic and geopolitical uncertainties, which may have prompted buyers to defer purchases. A gap between buyer and seller price expectations also contributed to weaker transaction activity.

Despite quieter sales, landed home prices remained firm. The URA private landed residential price index fell 0.4% QoQ in the first quarter of 2026 but was still 6.7% higher than a year earlier.

Average prices rose across Singapore’s landed housing sub-markets in the second quarter, up to 7 June. Prices in the Core Central Region climbed 20.9% YoY to $2,546 per square foot on land, whilst those in the Rest of Central Region rose 6.4% to $2,299 psf. Prices in the Outside Central Region increased 9.1% to $1,909 psf.

Good Class Bungalow sales remained subdued, with 10 caveated transactions worth $304m recorded during the period. This compares with 18 deals valued at $634m in the second half of 2025.

However, the average GCB land rate increased to $2,121 psf from $2,048 psf in the previous half-year. The most expensive caveated transaction was a Nassim Road bungalow sold for $64.9m, setting a record land rate of $4,550 psf for caveated GCB deals.

The prestige landed segment, which covers non-GCB properties sold for more than $10m, was more resilient. It recorded 82 transactions worth nearly $1.2b, with sales value increasing 19.3% YoY.

PropNex expects the landed housing and GCB markets to remain stable in the second half of 2026. Limited supply, rising affluence, and Singapore’s appeal as a safe-haven destination are expected to support demand, although buyers may remain selective amid economic uncertainty.

The property agency projects private landed home prices to grow by around 2% to 4% for the full year.