Longer Listings, Sharper Price Cuts: Singapore Property Vendors Adjust as Days on Market Climb

Sellers of private condominiums across Singapore are taking longer to find buyers this year, amid a surge in the median days-on-market and a growing willingness to accept discounts to close deals. In the resale condo sector, the average listing duration in June 2026 stretched to 69 days—up nearly 40% from 50 days a year ago—according to figures compiled by SRX Property and industry sources. The trend is most visible in traditionally sought-after districts like River Valley and Bukit Timah, where price sensitivity is intensifying.

This shift matters, say market watchers, because mounting macroeconomic caution and recent policy measures have tempered the exuberance that fuelled homebuying in 2022 and 2023. Rising interest rates, lingering global uncertainty after the latest waves of European and Asian instability, and the city’s high household-debt ratio have all started playing out at the negotiation table. For many owners hoping for record prices fetched in the boom years, reality is biting—and buyers are taking their time before committing.

More Listings, Stiffer Competition in Prime Locales

Orchard Boulevard and Holland Road, both home to multiple high-end condominium clusters, are currently flashing some of the sharpest statistics: PropNex’s June market report shows that the median resale unit between Orchard MRT and Cairnhill Circle now spends 78 days on the market before receiving a satisfactory offer—well above the citywide condo average. Meanwhile, The Glades in Tanah Merah, which saw frenzied activity in late 2023, has seen active listings pile up, forcing some vendors to revise their asking prices downward by as much as 4% to attract attention.

"Buyers can afford to wait now, especially for mid-tier and high-end units," an ERA agent focused on East Coast properties told The Daily Singapore. "We’re seeing more viewings before offers, and owners are more willing to talk numbers." This competition is also evident in Tengah and Jurong Lake District, new growth regions where the recent wave of Build-To-Order (BTO) and Executive Condominium (EC) launches have provided upgraders with more alternatives, further cooling the resale heat seen in 2024.

Numbers Tell the Story: Steeper Discounts Emerging

According to the Urban Redevelopment Authority’s Q2 2026 Realis snapshot, the median vendor discount for private condos—comparing final transaction price versus initial asking—has risen to 2.5% in June, from 1.4% in December 2025. At The Sail @ Marina Bay, for example, two recent three-bedroom sales exchanged at $3.1 million and $3.09 million—both $100,000 under their original list prices after a 90-day wait. In the HDB resale market, where demand from first-timers remains robust, average days-on-market remain tighter at 35 days, but some mature estates such as Toa Payoh and Ang Mo Kio have seen an uptick in listings that linger, as sellers test ambitious prices before coming back to earth.

Median condo resale prices citywide held at $1.8 million in June, but analysts caution this resilience masks growing flexibility behind closed doors. The number of listings withdrawn and relisted at lower prices jumped by over 25% in May and June compared to a year ago, according to 99.co data analysed by The Daily Singapore.

Looking ahead, most agencies expect days-on-market to remain elevated through the rest of 2026, especially for larger family-sized units and luxury segments. With the next tranche of property cooling measures still under discussion, some agents advise prospective sellers to stay realistic in pricing and to be prepared for negotiations—particularly if they’re aiming to upgrade or cash out swiftly. "If you need to move within two months, price competitively from the start," advises a PropNex listing agent active in Bukit Timah. For buyers, today’s slower pace could mean more choice and more bargaining power, provided they are ready to act when value surfaces.