Private home prices rise 0.3% as volume plunges
Whilst the overall market slowed, the Outside Central Region saw prices rise 1.3%
The private residential property price index inched up to 0.3% in the first quarter (Q1) of 2026, according to the Urban Redevelopment Authority (URA).
In its latest flash estimate of the price index for private residential property, URA said the Q1 figure slowed down from the 0.6% increase in the previous quarter. Sale transaction volume fell by about 40% on a quarter-on-quarter basis in Q1.
Meanwhile, prices of non-landed private residential properties increased by 1.0% in Q1, compared to the 0.2% decrease in the previous quarter.
Per area, prices of non-landed private residential properties in the Core Central Region increased by 0.4% from the 3.5% decrease in the previous quarter, and increased by 0.9% in the Rest of the Central Region from the 0.7% increase in the previous quarter. Prices in the Outside Central Region increased by 1.3%, compared to the 1.0% increase in the previous quarter.
For landed properties, prices decreased by 1.8% in Q1 compared to the 3.4% increase in the previous quarter.