Private home prices projected to rise 2.5%- 4.5% in 2026
The resale market is expected to remain steady, with volumes ranging between 14,000 and 15,000 units.
Singapore’s private residential market is expected to post modest price growth in 2026 even as new project launches and transaction volumes decline from 2025 highs, according to a joint outlook by OrangeTee & Tie and Realion.
Overall, private home prices are projected to increase between 2.5% and 4.5% in 2026. Whilst this marks a slight slowdown from an estimated full-year rise of 3.5% to 4.5% in 2025, the outlook remains positive amid lower mortgage rates and a stable macroeconomic backdrop.
Total private home sales excluding executive condominiums are forecast to range between 23,500 and 25,500 units in 2026, compared to a four-year high of 26,300 to 27,200 units projected for 2025. The 10-year average stands at 22,678 units.
The number of new launches is set to fall from 26 in 2025 to 16 in 2026, with new-unit supply dropping by 28.1% from 11,430 to 8,223 units.
New home sales are expected to decline to between 8,500 and 9,500 units, compared to 10,800 to 11,200 in 2025. New-sale prices are projected to rise by 2% to 4% in 2026, following an increase of 4% to 5% in 2025.
Launch activity next year will shift back toward the Outside Central Region (OCR), which is expected to account for 56.4% of new projects.
These include eight private condominiums and four executive condominiums, with the largest development located along Tengah Garden Avenue.
In the Rest of Central Region (RCR), two key launches are expected, including the former Thomson View site. Core Central Region (CCR) activity will include the Valley Point redevelopment, River Modern, and Newport Residences.
The resale market is expected to remain steady, with volumes ranging between 14,000 and 15,000 units and prices forecast to rise by 2% to 4%.
The RCR is projected to see the highest number of completions in 2026 at 3,977 units, helping to stabilise resale prices. The OCR will have the fewest completions.
In the rental market, the URA rental index is forecast to increase by 2% to 3% next year. Leasing volume is expected to ease to between 82,000 and 87,000 transactions, down from 90,000 to 92,000 in 2025.
Tailwinds include falling interest rates and greater affordability. The Ministry of Trade and Industry recently raised Singapore’s 2025 GDP forecast to between 1.5% and 2.5%. Historically, sales volumes have tended to rise when rates fall.
However, the outlook remains mixed, with analysts noting potential headwinds such as an uneven job market, buyer downgrades to public housing, and a continued gap between buyer and seller price expectations.
For context, in 2025, private home prices rose by 2.7% over the first three quarters, with full-year growth expected at 3.5% to 4.5%. About 11,400 units were launched, excluding executive condominiums.
Luxury sales in the CCR priced at $5b and above increased by 35% YoY to 455 units, with total transaction value rising 73.7% to $4.5b. Resale volume in 2025 is projected to reach between 14,500 and 15,000 units.