Residential sector dominates investment market with $4.42b surge

It holds 38.5% of total investment sales despite a slight decline in the last quarter.

Singapore’s residential sector remained the dominant asset class in the investment market in the first quarter (Q1) of 2026, with sales reaching $4.42b and accounting for 38.5% of total investment sales, despite a 0.3% decline from last quarter, according to a Savills report.

Government Land Sales (GLS) activity and public sector awards drove a significant share of residential investment volume, with four private residential sites and one executive condominium site awarded for a combined $3.23b.

Key site awards included Dover Drive at $951.0m, Tanjong Rhu Road at $709.3m, and Lentor Central at $657.1m.

The Lentor Central site established a new benchmark land rate of $1,278 per square foot per plot ratio for the precinct, reflecting developer pricing in an area supported by earlier launch performance in Lentor Hills Estate.

Developers continued to prioritise sites with demand drivers such as proximity to primary schools and limited recent large-scale supply.

The luxury residential segment recorded 72 transactions worth $1.1b in Q1. Landed activity included the sale of an old freehold bungalow at 436 Dunearn Road for $55.0m, at $2,274 per square foot.

Non-landed luxury activity included a unit at The Marq on Paterson Hill that changed hands for $37.0m, equivalent to $5,937 per square foot.

Residential use is also featured in mixed-use and collective sale transactions. A commercial and residential GLS site at Hougang Central was awarded to a CapitaLand–UOL consortium for $1.50b.

At The Centrepoint, the rear block was acquired by Frasers Property for $391.9m through a collective sale that included 66 residential apartments.

The market outlook points to continued residential investment activity through 2026, with developers expected to continue land bank replenishment following recent strong new home sales.

Private capital, including family offices and high-net-worth investors, is expected to support the luxury residential segment, driven by capital preservation considerations and a lower interest rate environment.

Mixed-use developments are expected to remain active as commercial components support residential demand within project structures.

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