Singapore Property Listings Sit Longer as Vendor Discounting Rises in 2026

Homes are taking longer to sell across Singapore in 2026, with a growing number of vendors lowering their asking prices to seal deals. Median days on market for condominiums has pushed past 46 days in June, up sharply from 31 days a year ago, according to data compiled by SRX Property and ERA Singapore. Seller discounts on initial listing prices are also widening, especially in older projects and outside core districts.

The shift comes as interest rates remain stubbornly high and cautious sentiment trickles through the broader property market. For many Singaporean families juggling the possibility of further monetary tightening and upcoming policy tweaks, these trends in days on market and vendor flexibility have a direct impact on decision-making—both for upgraders in emerging towns and those holding prized addresses in Orchard and Bukit Timah.

Longer Waits in Bukit Timah, More Wiggle Room in Punggol

Specific locales show sharp contrast. Sellers in Newton and River Valley, both in District 9, recorded some of the highest average days on market—53 and 51 days respectively, per ERA's internal data reviewed by The Daily Singapore. Meanwhile, resale units in Punggol, where a pipeline of new executive condo (EC) launches has hit sentiment, have lingered unsold for an average 43 days in June.

Property agency Huttons Asia observed that resale listings at The Trillium off Kim Seng Road and City Square Residences near Farrer Park MRT have seen vendor discounts averaging 4.2% off initial prices. Meanwhile, sellers in Tengah—the much-hyped new town—offered fewer discounts, but units still averaged 39 days before a sale.

Rising Discounts, Cooling Market

Mediacorp’s June survey of private home transactions found that 63% of condo sales in May involved price reductions from initial asks, a jump from just 38% in May 2025. The overall median vendor discount for private condos hit 3.7% in June 2026—a significant climb from the 2.5% average seen in 2024 and 2025. Prices remain resilient in core regions, with District 10’s Nassim Road corridor reporting closing prices above SGD 2,900 per square foot, but vendors are increasingly flexible, particularly for older, larger units that see fewer cash-rich buyers.

HDB resale flats continue to move faster than condos, though median times have inched up to 27 days in Toa Payoh and Queenstown, per OrangeTee & Tie. Resale volumes have slipped by 12% year-on-year, with buyers wary of overpaying just as hints of further macroeconomic uncertainty swirl globally.

Industry agents point to looming launches in Jurong Lake District and Greater Southern Waterfront as potential inventory pressure points—which could further stretch the sales journey for private owners elsewhere.

Looking Ahead: Tips for Buyers and Sellers

With more listings languishing, analysts expect vendor discounting to persist through the third quarter, especially in the suburban OCR (Outside Central Region). Buyers, especially those targeting districts like Woodlands or Tampines, can leverage these trends to negotiate for more favourable terms—though homes near sought-after schools, such as along Bukit Timah's education belt, may prove exceptions.

Sellers eyeing a swift transaction are advised to be realistic about pricing and flexible on negotiation. As transaction volumes moderate and days on market creep upwards, experts tell The Daily Singapore that accurately priced properties—backed by recent comparables from SRX, URA, and on-the-ground agents—are still commanding quick attention. For everyone else, patience and adaptability are now essential as a new era of measured optimism shapes the city’s post-pandemic housing market.