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Landed sales fall 13.3% as deals drop in Q1

Transaction volume contracts across landed homes whilst higher-value segments hold pricing gains.

Singapore’s landed residential market transactions fell to 418 units in the first quarter (Q1) of 2026, down 13.3% from the fourth quarter (Q4) 2025 and 3.0% from a year earlier, according to Huttons.

Total transaction value also declined 3.8% quarter on quarter to $2.7b, but rose 7.1% year on year.

Average landed home prices rose to $6.5m in Q1 2026, up 10.9% from $5.86m in the previous quarter. Detached homes recorded the strongest movement.

Detached home prices increased 15.9% to $2,069 per square foot, crossing the $2,000 per square foot level for the first time. Transactions rose to 57 from 50.

Prices for terrace and semi-detached homes remained largely unchanged over the quarter. Terrace home transactions fell to 228 units from 281, whilst semi-detached home sales declined to 133 from 151.

Freehold and 999-year leasehold homes accounted for 88.0% of all landed transactions in Q1 2026, up from 84.9% in Q4 2025. The average price for this segment stood at $2,223 per square foot and $6.8m per unit.

The share of 99-year leasehold landed homes dropped to 12.0%. Their average price stood at $1,554 per square foot and $4.2m per unit.

The price gap between freehold or 999-year leasehold homes and 99-year leasehold homes widened to 43.0% in Q1 2026 from 38.6% in 2025.

The lowest-priced landed transaction in Q1 2026 involved a terrace house in Jalan Chempaka Kuning sold for $400,000.

The highest-priced transaction involved a freehold detached home in Dunearn Road sold for $55.0m.

Buyer profiles showed a continued shift towards private housing occupants. Buyers with HDB addresses accounted for 9.3% of transactions in Q1 2026, down from 10.8% in 2025, whilst private address buyers made up 88.3%.

The landed market saw activity across districts 10, 15, 19, 20, and 28, with prices ranging from $0.4m to $55.0m depending on tenure and location.

Huttons indicated that 999-year leasehold and freehold terrace homes averaged $4.9m, semi-detached homes averaged $7.0m, and detached homes averaged $13.6m in Q1 2026.

Some sellers and buyers may have opted to wait for more clarity from the Middle East conflict, contributing to lower transaction volume, whilst macroeconomic conditions included a higher inflation forecast of 1.5% to 2.5% for 2026 set by the Monetary Authority of Singapore.

Developers have 879 landed homes in the pipeline across multiple projects in district 28, including Luxus Hills, Nim Collection, and Pollen Collection developments.

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