Singapore Private Home Prices Rise Seventh Consecutive Quarter
Singapore's private home price index grew 0.5% in the second quarter of 2026, cementing the city's status as Asia's most expensive residential market.
The Urban Redevelopment Authority reported that Singapore's private home price index rose 0.5% in the second quarter of 2026. This growth marks the seventh consecutive quarter of increases, following a 0.9% rise in the first quarter of the year. The trend is primarily driven by strong demand from wealthy citizens and immigrants.
Residential market activity showed mixed signals during the period. Developers sold 2,141 units in the second quarter, representing a 6% increase over the previous quarter. However, new project launches hit a two-year low in June. Real estate firm Huttons Asia Pte Ltd. estimates that total private residential unit launches for the year will reach 7,000 units.
Broader real estate data from the Urban Land Institute indicates that an average private property in Singapore now costs nearly US$1.8 million, making it the most expensive city in Asia for residential real estate. In the commercial sector, retail rents in the central region increased by 0.6%, while islandwide retail space prices rose 0.8% and retail vacancy climbed to 6.5%.
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