Singapore Home Price Growth Revised Upward

Private home prices in Singapore increased by 0.9% quarter-on-quarter in the first quarter of 2026, well above preliminary estimates of 0.3% and accelerating from a 0.6% rise in the fourth quarter of 2025. The acceleration was boosted by a rebound in non-landed property (1.3% vs -0.2% in Q4), with the Core Central Region recovering (0.6% vs -3.5%), while the Rest of Central Region (0.8% vs 0.7%) and the Outside Central Region (2.2% vs 1.0%) also accelerated. By contrast, landed property prices fell 0.4% in the first quarter of 2026, reversing a 3.4% gain in the fourth quarter of 2025. The government said in a statement that the macroeconomic outlook has become more uncertain. Households should continue to exercise prudence when purchasing property and taking out mortgage loans. About 55,800 private residential units are expected to be completed over the next few years.

Private home prices in Singapore rose by 0.3% quarter-on-quarter in the first quarter of 2026, slowing from a 0.6% increase in the fourth quarter of 2025, preliminary estimates showed. It marked the weakest quarterly growth since the contraction seen in the third quarter of 2024, largely driven by a decline in landed property prices, which fell 1.8%, reversing the 3.4% growth registered in Q4 2025. In contrast, the non-landed private residential rebounded to 1% from a 0.2% drop in the prior quarter. Within this segment, prices in the Core Central Region increased by 0.4%, while the Rest of Central Region and the Outside Central Region posted stronger gains of 0.9% and 1.3%, respectively. The government is maintaining a proactive stance on housing supply to support demand and ensure market stability. A total of 4,575 private residential units will be released via the Confirmed List in the first half of 2026, about 50% above the average supply per GLS programme over the past decade.

Private home prices in Singapore rose 0.6% quarter-on-quarter in Q4 2025, below the preliminary estimate of 0.7% and following a 0.9% increase in the previous quarter. This marked the fifth consecutive quarter of growth, albeit at the slowest pace in the sequence. The moderation came as faster rises in landed property prices (3.4% vs 1.4% in Q3) partly offset a slight decline in non-landed property prices (-0.2% vs 0.8%). For the full year of 2025, home prices moderated to 3.3%, lower than earlier estimates of 3.4%, marking the smallest annual increase since 2020. Home prices grew by 3.9% and 6.8% in 2024 and 2023, respectively. This was also significantly lower than the 8.6% increase in 2022 and the 10.6% rise in 2021. The slowdown in home prices last year was weighed down by a moderation in non-landed prices, which rose 2.3%, easing from 4.7% in 2024, despite landed home prices increasing 7.6%, sharply accelerating from a 0.9% rise in 2024.