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Singapore property, 2Q2026: private prices up 0.5%, HDB resale down for a second quarter
Private residential prices rose 0.5% in 2Q2026 to an index of 219.4, driven entirely by landed property at +2.5% while non-landed slipped 0.1%. The HDB resale index fell 0.3% to 202.8, its second consecutive quarterly decline.
The 24 July 2026 data releases from URA and HDB describe two markets moving in opposite directions, which is unusual and worth understanding before you make a decision in either of them.
Private residential
| Segment | Index | Quarterly change |
|---|---|---|
| All private residential | 219.4 | +0.5% |
| Landed | 258.4 | +2.5% |
| Non-landed | 210.6 | −0.1% |
| Core Central Region | 161.5 | +1.8% |
| Rest of Central Region | 226.2 | −1.2% |
| Outside Central Region | 271.1 | −0.1% |
The headline of +0.5% is misleading on its own. Landed property did all the work, reversing a 0.4% fall in the previous quarter. Non-landed prices actually edged down. Within non-landed, the Core Central Region — the segment most people assume is weakest — rose 1.8%, while the Rest of Central Region fell 1.2%. Cumulative growth for the first half of 2026 is 1.4%, below the 1.8% recorded in the first half of 2025.
Developers launched 1,783 units and sold 2,141 in the quarter, so sales outpaced new supply. There were 3,813 resale transactions and 194 sub-sales. The vacancy rate edged up from 6.2% to 6.4%, and roughly 60,600 private units are expected to complete in the coming years.
HDB resale
The HDB resale price index fell 0.3% in 2Q2026 to 202.8, following a 0.1% decline in 1Q2026 — the first back-to-back quarterly falls in years. The index is now marginally below where it stood a year earlier. Resale volume was 6,396 transactions. Annual price growth has decelerated steadily, from 12.7% in 2021 to 2.9% in 2025.
This softening is the stated reason the Government removed the 15-month wait-out period on 28 July 2026, alongside a rising pipeline of flats reaching their Minimum Occupation Period — 13,500 in 2026, rising to 19,500 by 2028.
What the divergence means
- For HDB upgraders: your exit price is softening while private non-landed is broadly flat. The gap you have to bridge is not widening quickly, but it is not narrowing either. The rising MOP supply means more competing sellers each year from here.
- For downsizers: the removal of the wait-out period plus a softer resale market is the most favourable combination this route has seen in several years.
- For landed owners: 2.5% in a quarter after a fall is a genuine move, but landed is a thin market and quarterly index swings there are noisy.
- For everyone: government land supply remains high — 9,320 units on the 2026 Confirmed List, over 50% above the ten-year average. Supply is not the constraint it was.
Primary sources
Every figure in this article was checked against these on 1 August 2026. If you find one out of date, tell me and I will correct it.
Frequently asked
Every question on market data- Are Singapore HDB resale prices falling in 2026?
- Yes, modestly. The HDB resale price index fell 0.1% in 1Q2026 and 0.3% in 2Q2026 to 202.8 — the first two consecutive quarterly declines in years, leaving the index marginally below its level a year earlier.