KEY TAKEAWAYS
- The number of units launched moderated in Q1/2026, contracting nearly 30.0% quarter-on-quarter (QoQ) to 1,844 units. This brought new sales to decline by 31.5% QoQ to 2,013 units.
- Secondary sales slowed by 9.6% QoQ to 3,400 units in Q1/2026. This may be due to fewer new home completions, uncertainty in interest rate direction and homebuyers turning to the new sales market.
- Total non-landed residential sales declined, with transactions by Singaporeans and Singapore permanent residents (PRs) recording doubledigit decreases. On the other hand, purchases by foreigners rebounded with a 7.2% growth to 89 units.
- For Savills’ basket of luxury nonlanded private residential projects, prices inched up 0.2% QoQ to S$2,644 per sq ft in Q1/2026.
- Much of the island has already experienced price resets during the 2024–2025 period. As such, it may take one to two years before another broad-based price re-benchmarking occurs. We therefore maintain our forecast for private residential prices to increase by approximately 3% in 2026
