Singapore Property Prices Post 3.5% Quarterly Rise, Outpacing 2025 Gains

Singapore’s private residential prices jumped 3.5% in the second quarter of 2026 compared to a year ago, according to fresh data from the Urban Redevelopment Authority (URA) released this morning. The uptick marks a slightly faster pace than the 2.6% growth registered in Q2 2025, signifying broad resilience in the local market as both buyers and upgraders chased limited options across the island.

The acceleration in price growth comes at a key moment for Singapore. Escalating global uncertainty, rising interest rates and continued disruptions in the region have fuelled local demand for property as a wealth preservation tool. With rental yields steady and wages holding up, HDB upgraders and first-time buyers have flocked to entry-level condos, executive condominiums, and choice HDB flats.

From Ang Mo Kio to Orchard: Where Numbers Keep Climbing

Developers are reporting bullish sales from mature estates to the city core. In Toa Payoh, resale HDB flats on Lorong 1 and Lorong 6 set new records in May, with one 5-room unit at HDB Block 151 fetching $989,000. Meanwhile, private condo prices in the Orchard Road belt—particularly District 9—have powered ahead, with Cairnhill Road apartments seeing average resale prices touching $3,200 per square foot this quarter.

Major projects like The Arcadia at Bukit Timah and LakeGarden Residences near Jurong Lake District have both hit over 80% sold since their respective launches last October, according to sales data from ERA Realty and PropNex. Agents say upgraders from Yishun, Bedok and Jurong West are increasingly willing to pay a premium for new tenure and proximity to upcoming MRT links such as Jurong Region Line.

New Data: Resale HDB and ECs Outperforming

According to the URA’s flash estimates, the overall price index for private homes reached 190.7 in June 2026, up from 184.3 in June last year—a 3.5% rise. Resale HDB prices clipped up even faster, with the HDB Resale Price Index climbing 5.2% year-on-year, now sitting at 180.0, the highest on record. Executive condominiums like North Gaia in Yishun have seen median resale prices breach $1,550 per square foot, up from $1,440 just twelve months ago. PropNex analysts attribute this outperformance partly to the stream of upgraders taking advantage of strong resale values in mature HDB estates.

In the prime core central region—especially Newton, Orchard and Holland Road—transaction volumes have held steady. Local agencies point to ongoing wealth from tech and finance, as well as family trust purchases, keeping prices buoyant for freehold apartments near Newton Circus and Emerald Hill.

Outlook: Slim Supply and Fresh Launches Ahead

Looking forward, local analysts warn supply will remain tight, especially in mature estates and key RCR (Rest of Central Region) neighbourhoods. Only about 3,200 private residential units are expected to enter the market in the next six months, mostly in Tengah New Town and Jurong East, according to URA’s pipeline report. For buyers, the message is clear: act quickly if you spot value. With CPF housing grants available to first-timers and upgraders, competition at the entry level looks set to stay hot. Home seekers are advised to monitor upcoming BTO launches—particularly in Kallang/Whampoa and Queenstown—where projects like Tanglin Breeze BTO are expected to draw heavy interest. For sellers, the supply crunch and rapid growth in key districts point to continued negotiating power through the rest of 2026.