Subdued resale condo market activity in June

Sales activity in the overall property market pulled back further in June, including the resale condo market - largely due to the seasonal lull amid the June school holidays. About 888 condo units worth $1.86 billion was resold during the month - compared with the 976 resale transactions valued at $2.07 billion transacted in May. In June, resales transactions accounted for 82.5% of non-landed transactions, while new sale transactions accounted for 13.9% of transactions, reflecting the highest resale proportions on record since December 2025 (79.3%) (see Chart 1).

Chart 1: Proportion of private non-landed transactions (excl. EC) by sale type by month

Despite the slower new launch activity during the month, the average unit price of new non-landed homes continued to pick up from the previous month. The average new sales price grew 4.1% month-on-month (MOM) to $2,558 psf in June, while the average resale unit price slipped by 10.3% MOM. As such, the new sale and resale price gap crept up from 39% in May (see Chart 2), to 45% in June.

Chart 2: New sale and Resale Price gap of non-landed homes (overall) by month

Improving gains amongst resale transactions

In terms of profitability, resale condo units transacted in June saw smaller gains compared with the previous month. Analysing the profits reaped by resale non-landed private homes in May 2026 and June 2026, it was found that resale condo deals in June garnered more profits. The proportion of loss-making transactions was higher in June 2026 over the previous month. The resale profit analysis involves computing gains achieved for the units by matching the condo resale transactions in May against their respective previous purchase price, according to caveats lodged.

The study showed that 17.7% of resale condo transactions (146 deals) in June made more than $1 million in profits, a higher proportion compared with May (15.1%). Of these million-dollar profit-making deals, the deals was well spread amongst the three market segments, 39% in the Rest of Central Region (RCR), 31.5% in the Outside Central Region (OCR) and 29.5% in the Core Central Region (CCR) homes. Loss-making deals in June accounted for 5.2% of transactions, lower compared with the proportion of loss-making deals (6.5%) in May (see Chart 3).

Chart 3: Proportion of profit quantum of resale non-landed transactions (May 2026 vs June 2026)

The average profit was subsequently computed on a project basis. To minimise sampling errors, resale condominium projects that posted fewer than three transactions during the month are excluded from the study. Based on URA Realis caveat data analysed by PropNex Research, the most profitable condo for the month, was Bartley Ridge, within District 13, which pulled in an average profit of more than $727,000 across six transactions in June. It was also the most profitable condo project in the RCR for the month.

In the CCR, the most profitable condo development in June was D'Leedon, a project located in District 10, which achieved an average profit of over $596,000, across nine transactions. In the heartlands or Outside Central Region (OCR), the most profitable project was Jewel @ Buangkok in District 6 which garnered an average profit of over $549,000 across five transactions.

Top Resale Condo projects^ in terms of average gross profit* (June 2026)

Going by districts, resale homes in District 21 (Upper Bukit Timah, Ulu Pandan, Clementi) raked in the highest profits on quantum basis, with transactions reaping average gains of more than $924,000 per deal. In terms of annualised gains, resale homes in District 20 (Ang Mo Kio, Bishan, Thomson) enjoyed an average annualised profit of 5.4% per deal.

Top 10 Resale Condo districts^ in terms of average gross profit* (June 2026)

Analysing individual transactions by gross profit quantum, it was found that the top five gainers from each region ranged from $1.86 million to $4.15 million. The units which chalked up bigger gains were mostly sizeable large format condos that are more than 1,300 sq ft in size, and consisted mostly of older projects built in the 1980s to early 2000s. The respective holding periods for the most profitable resale properties were mostly beyond 16 years - the oldest being a unit held for more than 30 years.

Top 5 Resale Condo transactions in June 2026 by gross profit by region

It was found that the overall most profitable transaction and top gainer in the CCR was for a 5th floor unit at Nassim Park Residences. It was resold for an estimated profit of $4.15 million, reflecting an annualised profit of 2.9%. Based on URA Realis caveat data, the 6,954-sq ft unit was first bought in May 2019 and subsequently resold for $22.95 million in June 2026, with a holding period of about 7 years. Completed in 2011, Nassim Park Residences is a freehold luxury condominium located along Nassim Road in Singapore's prime District 10. The development is within walking distance of Napier MRT station on the Thomson-East Coast Line and is situated close to several established schools, including Singapore Chinese Girls' Primary School, Singapore Chinese Girls' School, Anglo-Chinese School (Primary) and Anglo-Chinese School (Junior), while also enjoying convenient access to the Orchard Road shopping belt and the Singapore Botanic Gardens.

The top gainer in the RCR in terms of gross profit was for unit transacted at Maple Woods, which fetched a gross profit of $3.77 million (annualised profit of 5.4%), based on caveats lodged. The 2,917-sq ft 10th floor unit was sold for $5.8 million, with a holding period of 20 years. Maple Woods is a freehold condominium located along Bukit Timah Road in District 21. The development was completed in 1997 and is within walking distance of King Albert Park MRT station on the Downtown Line. It is situated near several reputable schools, including Methodist Girls' School (Primary and Secondary), Pei Hwa Presbyterian Primary School, and Ngee Ann Polytechnic, while also enjoying convenient access to Bukit Timah Nature Reserve and a range of lifestyle amenities in the Bukit Timah area.

Over in the OCR, the top gainer in June was a 9th floor unit located in The Hacienda in District 15. The 3,079-sq ft unit was sold for $5.25 million, achieving an estimated profit of $2.37 million - which reflects an annualised profit of 3.9% over a holding period of nearly 16 years. The Hacienda is a freehold condominium located along Hacienda Grove in District 15. The development is within walking distance of Siglap MRT station on the Thomson-East Coast Line and is situated near several well-regarded schools, including CHIJ (Katong) Primary, Victoria School, Victoria Junior College and St. Patrick's School, while also enjoying easy access to East Coast Park and the dining and retail amenities in the Siglap and Katong neighbourhoods.

Amid a still-low interest rate environment and rising new launch prices, condo resellers June stand to benefit as some homebuyers June find themselves priced out of the new launch market and could consider options in the resale segment.