Press Release
|July 01,2026Private Home Prices Grew At A Slower Pace While HDB Resale Flat Prices Fell For The Second Straight Quarter In Q2 2026, Flash Estimates Showed
Share this article:
01 July 2026, Singapore - Price momentum in Singapore's housing market appears to be softening, as private home prices grew at a slower pace in Q2 2026 while HDB resale prices continued to dip after posting a marginal correction in the preceding quarter, according to the flash estimates.
Q2 2026 URA Private Residential Property Index (Flash)
Flash estimates from the Urban Redevelopment Authority (URA) showed that the overall private home prices inched up by 0.5% quarter-on-quarter (QOQ) in Q2 2026, easing slightly from the 0.9% QOQ increase in the previous quarter (see Table 1). On a half-year basis, private home prices climbed by 1.4% cumulatively in 1H 2026, slowing from the 1.8% growth and 1.5% increase in 1H 2025 and 2H 2025, respectively. The flash estimates captured private home transactions up till mid-June; the final print for the full Q2 2026 will be released on 24 July 2026.
Table 1: URA Private Property Price Index (PPI) - Q2 2026 Flash
Price Indices | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | 2025 | Q1 2026 | Q2 2026 (Flash) |
(QOQ % Change) | % | (QOQ % Change) | |||||
Overall PPI | 0.8 | 1.0 | 0.9 | 0.6 | 3.3 | 0.9 | 0.5 |
Landed | 0.4 | 2.2 | 1.4 | 3.4 | 7.6 | -0.4 | 2.6 |
Non-Landed | 1.0 | 0.7 | 0.8 | -0.2 | 2.3 | 1.3 | -0.1 |
CCR | 0.8 | 3.0 | 1.7 | -3.5 | 1.9 | 0.6 | 2.0 |
RCR | 1.7 | -1.1 | 0.3 | 0.7 | 1.6 | 0.8 | -1.4 |
OCR | 0.3 | 1.1 | 0.8 | 1.0 | 3.2 | 2.2 | -0.2 |
_
The landed private homes segment led price increase in Q2 2026, posting a 2.6% QOQ growth after a 0.4% QOQ decline in the previous quarter. The price growth came amid relatively stable market activity. Based on URA Realis caveat data, there were 491 landed home transactions in Q2 2026 (up to 23 June), slightly lower than the 509 deals recorded in Q1 2026. The caveat data, meanwhile, showed that the average unit price on land area of Detached, Semi-detached and Terrace houses rose across the board in Q2 2026, reflecting growths of between 3.3% QOQ to 5.9% QOQ. The rise in average landed home prices in the absence of a substantial increase in sales volumes suggests that demand for landed homes remained resilient and continued to underpin values in a segment marked by limited supply.
Meanwhile, non-landed private home prices dipped in Q2 2026, falling by 0.1% QOQ compared with the 1.3% QOQ growth in Q1 2026, according to the flash estimates. The moderation may be attributed to softer PPI readings in two sub-markets, where the composition of sales in Q2 2026, including healthy transactions at new launches influenced price movement from the previous quarter.
In the Rest of Central Region (RCR), non-landed private home price decreased by 1.4% in Q2 2026, reversing the 0.8% QOQ increase in the previous quarter. The quarterly dip, however, is not indicative of a broad market retreat. It largely reflects the dominance of Hudson Place Residences in Q2 2026 new sale transactions, where a land cost of $1,037 psf ppr supported more accessible pricing. Looking ahead, RCR may see some price upside as new projects anchored by firmer land costs come to market. Hudson Place Residences sold 218 of its 327 units (67%) at an average price of $2,468 psf (see Table 2). In Q3 2026, RCR sales could be boosted by the anticipated launch of Thomson Reserve, a mega development on the former Thomson View Condominium site which may hit the market in September.
Table 2: Best-selling new non-landed private residential projects in Q2 2026*
| Projects | Region | Units sold | Average $PSF price |
| TENGAH GARDEN RESIDENCES | OCR | 860 | $2,121 |
| VELA BAY | OCR | 371 | $2,885 |
| HUDSON PLACE RESIDENCES | RCR | 218 | $2,468 |
| THE CONTINUUM | RCR | 61 | $2,813 |
| NARRA RESIDENCES | OCR | 53 | $2,190 |
Over in the Outside Central Region (OCR), non-landed private home prices fell marginally by 0.2% QOQ, even as the sub-market led new home sales in the quarter. Three OCR projects - Tengah Garden Residences and Vela Bay which were launched in Q2 2026, as well as Narra Residences which hit the market in Q1 2026 (see Table 2) - were among the top five best-selling projects in Q2 2026 (till 21 June), according to caveats lodged. The slight price dip in Q2 2026 likely reflected the high concentration of transactions at Tengah Garden Residences, where prices were influenced by the project's new town setting and relatively modest land cost. In Q3 2026, the OCR could continue to be a market driver with the anticipated launch of Lentor Gardens Residences and Lucerne Grand in Lakeside Drive.
Bucking the down trend, home prices in the Core Central Region (CCR) rose by 2.0% QOQ in Q2 2026, accelerating from the 0.6% gain in Q1 2026 despite the absence of fresh launches in the quarter. Based on URA caveat data, the volume of new non-landed private homes sold in the CCR fell from 689 units in Q1 2026 to 63 units in Q2 2026 (till 21 June). Looking ahead, the CCR PPI may potentially inch up with upcoming launches Amberwood at Holland and Dunearn House expected to achieve meaningful take-up, being the first projects to be launched in new housing precincts in Holland Plain and Bukit Timah Turf City, respectively.
Mr Kelvin Fong, CEO of PropNex said:
"The private residential market continued its measured pace of appreciation in Q2 2026, with the overall URA PPI rising by 0.5% QOQ, as per the flash estimates. While overallprice growth has eased from the pace seen in previous quarters - Q2's increase was the slowest in seven quarters - we believe market fundamentals remain broadly healthy, supported by resilient owner-occupier demand and continued confidence in well-located projects. We expect the overall private home prices may likely rise by 3% to 4% for the whole of 2026.
According to URA monthly sales data and caveats lodged, developers sold an estimated 2,109 new private homes (ex. EC) in Q2 2026 (till 21 June), which is slightly higher than the 2,013 units in Q1 2026. This takes new home sales to around 4,120 units (ex. EC) in roughly the first half of the year. For the entire 2026, we project that developers' sales could come in at around 9,000 units (ex. EC).
What stood out in Q2 2026 was the wide variance in transacted prices in the OCR. New units at Vela Bay commanded an average price of nearly $2,900 psf, compared with about $2,020 psf at Canberra Crescent Residences - a gap of more than $800 psf within the same region in the same quarter. Tengah Garden Residences, meanwhile, transacted units at an average price of just over $2,100 psf. This is probably among the most varied new sale pricing that we have seen in the OCR in a single quarter in recent memory, reflecting an increasingly differentiated market based on location-specific attributes within the OCR, as well as differences in land costs. That both Vela Bay and Tengah Garden Residences at varied price-points saw strong take-up also speaks to the breadth of OCR demand.
This may reshape how buyers and developers approach pricing reference in the OCR. Typically, the OCR has been treated as a single market band, which may no longer be the case as land costs become more varied and those differences will directly affect launch pricing. Land prices of upcoming OCR projects (ex. EC) range from sub-$1,000 psf ppr to more than $1,300 psf ppr for government land sales sites that have been awarded.
We observe that developers have generally kept up with pricing discipline. In Q2 2026 (till 21 June), nearly 70% of the new non-landed private homes (ex. EC) sold were priced at below $2.5 million - a 15 percentage-point jump from that of the previous quarter (see Table 3). Across all regions, the proportion of new home sales completed at below $2.5 million rose in Q2, with the $1.5 million to $2 million band the dominant price range across sub-markets and overall.
In our view, the sales data showed that developers are calibrating prices to where most of the buyer budgets sit. Meanwhile, the concentration of new non-landed private home sales in the $1.5 million-$2 million price range reflects that developers are managing unit sizing and PSF price to keep overall quantum within reach of prospective buyers."
Table 3: Proportion of new non-landed private homes (ex. EC) sold by region by price range in Q1 2026 and Q2 2026*
Price range | CCR | RCR | OCR | Overall | ||||
Q1 2026 | Q2 2026 | Q1 2026 | Q2 2026 | Q1 2026 | Q2 2026 | Q1 2026 | Q2 2026 | |
Below $1 mil | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.1% | 0.1% | 0.1% |
$1 mil - <$1.5 mil | 7.8% | 14.3% | 4.4% | 7.2% | 6.0% | 19.1% | 6.4% | 15.8% |
$1.5 mil - <$2 mil | 17.6% | 22.2% | 12.8% | 35.1% | 38.2% | 32.1% | 25.9% | 32.6% |
$2 mil - <$2.5 mil | 28.3% | 17.5% | 18.5% | 14.9% | 18.9% | 23.5% | 22.1% | 21.0% |
$2.5 mil - <$3 mil | 18.9% | 6.3% | 13.8% | 16.7% | 21.4% | 14.1% | 19.0% | 14.6% |
$3 mil - <$3.5 mil | 5.8% | 3.2% | 23.2% | 8.1% | 13.0% | 7.3% | 12.4% | 7.4% |
$3.5 mil - <$4 mil | 8.7% | 4.8% | 11.7% | 9.2% | 1.9% | 2.6% | 6.3% | 4.4% |
$4 mil - <$4.5 mil | 2.2% | 1.6% | 6.0% | 0.5% | 0.5% | 0.7% | 2.2% | 0.7% |
$4.5 mil - <$5 mil | 3.5% | 0.0% | 5.7% | 3.1% | 0.0% | 0.3% | 2.4% | 1.0% |
$5 mil - $10 mil | 6.8% | 20.6% | 3.6% | 5.2% | 0.0% | 0.2% | 3.1% | 2.2% |
$10 mil and above | 0.4% | 9.5% | 0.3% | 0.0% | 0.0% | 0.0% | 0.2% | 0.3% |
Total | 100% |
Explore Your Options, Contact Us to Find Out More!
Selling your home can be a stressful and challenging process, which is why
it's essential to have a team of professionals on your side to help guide you through the journey. Our
team is dedicated to helping you achieve the best possible outcome when selling your home.
Find Your Ideal Property: Take the First Step and Indicate Your Interest!More Property NewsDiscover New Launch Projects
Appointed Marketing Agency:
PropNex Realty Pte Ltd - Licence No: L3008022J Sunny L | R059950Z Privacy PolicyQuick LinksSecure Your Spot!Register now for exclusive updates on this upcoming project. 
| ||||||
We Use Cookies