Singapore residential property market to remain buoyant through 2026

PropNex forecasts that Singapore’s residential property market will remain buoyant through the remainder of 2026. Despite a moderation in price growth and sales volumes compared to 2025, private home prices are expected to rise by 3% to 4% over the course of the year.

Key drivers for this stability include lower mortgage rates, population growth, and recent housing policy changes. The agency expects developers to sell approximately 9,000 new private homes in 2026, while private resale transactions are projected to reach between 14,000 and 15,000 units.

Market data indicates that demand is primarily driven by local residents rather than speculators. In the first half of 2026, Singapore citizens and permanent residents accounted for 98.3% of new non-landed private home purchases. Sub-sale transactions, often used as a proxy for speculative activity, are expected to remain low relative to historical levels.

Residential selection in the market continues to be influenced by urban planning initiatives under the Urban Redevelopment Authority Master Plan. Buyers are increasingly prioritizing factors such as transit connectivity, school proximity, plot ratio, and residential density when evaluating private properties.