Singapore private home prices rise 3 to 4% in 2026 on lower rates

On the demand side, PropNex said easing financing costs should continue to provide support. 

Private residential property prices in Singapore are expected to rise 3%–4% in 2026, supported by lower borrowing costs and a leaner supply pipeline, according to PropNex’s Singapore Market Outlook 2026 Report.

PropNex projects developers’ new private home sales, excluding executive condominiums, to reach about 8,000–9,000 units in 2026, down from 2025’s elevated levels. Private resale transactions are forecast at around 14,000–15,000 units, broadly in line with recent years.

PropNex said about 10,620 new private homes were sold in the first 11 months of 2025, while overall price growth remained measured, with the private residential property price index rising 2.7% in the first nine months of the year.

Supply conditions are expected to be tighter in 2026. About 20 private residential projects, excluding ECs, are slated for launch, offering roughly 8,400 units, compared with about 11,500 units in 2025.

Around 65% of the upcoming supply will be in the Outside Central Region (OCR), positioning the mass-market segment as the main driver of sales.

Early and notable launches highlighted by PropNex include Narra Residences at Dairy Farm Walk, Pinery Residences in Tampines West, a mixed-use development at Chencharu Close, and the first private condominiums in Tengah and Bayshore.

Central Region projects such as River Modern and Newport Residences are also expected to come to market.

PropNex noted that the pricing gap between the Core Central Region (CCR) and the Rest of Central Region (RCR) has narrowed.

As at 30 November, median new sale prices stood at $2,968 per sq ft in the CCR and $2,877 per sq ft in the RCR, a difference of about 3%, which the agency said could enhance the CCR’s value proposition in 2026.

On the demand side, PropNex said easing financing costs should continue to provide support. The three-month compounded SORA stood at about 1.22% on 9 December, down from 3.02% at the start of 2025.

Developers are also expected to remain price-sensitive, although PropNex cautioned that take-up rates will be highly project-specific, favouring developments with strong locations and competitive pricing.

In the resale market, transaction volumes in 2025 were stable at around 13,000 deals by late November, supported by a wide price gap between new and resale non-landed homes. PropNex estimated the median price difference at about 47% as at end-November, a factor it said should continue to underpin resale demand in 2026.

The landed housing segment is expected to remain resilient. PropNex said 2025 transactions were on track to exceed 2024’s 1,939 deals by end-November, and it expects another year of price growth in 2026 due to limited supply.