Private residential property prices in Singapore climbed 1.4 percent in the third quarter of 2026, registering the fastest quarterly increase in almost two years. Suburban condominium values led the expansion with a 2.3 percent surge, even as primary sales dropped sharply because developers held back major project releases.

Official numbers from the Urban Redevelopment Authority show the private housing index outpaced the 0.5 percent growth recorded in the second quarter. The acceleration represents the strongest single-quarter gain since a 2.3 percent rise in the final quarter of 2024, extending an upward pricing trend across eight consecutive quarters. Island-wide economic growth of 5.4 percent year on year during the quarter helped anchor overall housing demand.

Apartments in the Outside Central Region, the official classification for Singapore’s suburban districts, drove the pricing rebound after dipping 0.1 percent in the preceding three months. Over the first nine months of 2026, suburban non-landed prices rose 4.4 percent, exceeding the 3.2 percent gain registered throughout 2025. Landed property prices across the island rose 2.9 percent, outpacing the 1.0 percent increase recorded across all non-landed homes.

City fringe non-landed prices in the Rest of Central Region held flat following a 1.2 percent contraction in the second quarter. Growth in the prime Core Central Region moderated to 0.3 percent from 1.8 percent, though transaction volumes in those central districts rebounded 23.5 percent. A US buyer completed the period’s highest-value private residential deal, paying S$20 million, or $15.6 million, for a 3,272-square-foot unit at Sculptura Ardmore.

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