Singapore Property Market Update: Shifting Gears in Q2 2026

Singapore’s property market has officially shifted gears. After years of rapid appreciation, the latest numbers from the Urban Redevelopment Authority (URA) and the Housing and Development Board (HDB) signal a clear transition toward a more balanced, buyer-aware environment.

Here is what you need to know about the current state of the market and what it means for your next move.

1. Private Home Prices Are Moderating

The days of runaway price momentum appear to be pausing. According to URA’s 2nd Quarter 2026 real estate statistics, private residential prices rose by just 0.5% quarter-on-quarter. This is a notable slowdown from the 0.9% increase seen in Q1 2026 and marks the slowest pace of growth since Q3 2024.

However, performance was uneven across the island:

• Core Central Region (CCR): Properties led the pack, with prices increasing by 1.8% in Q2.
• Rest of Central Region (RCR) and Outside Central Region (OCR): Properties saw slight declines of 1.2% and 0.1%, respectively.
• Landed Properties: Experienced a strong rebound, with prices rising 2.5% in Q2, reversing a decline in the previous quarter.

2. HDB Resale Prices Experience a Rare Dip

For the first time in nearly seven years, the HDB Resale Price Index has slipped for two consecutive quarters. Following a slight decline in Q1, prices slipped a further 0.3% in Q2 2026.

This cooling is largely driven by an increase in supply. Around 13,484 HDB flats are reaching their Minimum Occupation Period (MOP) this year, adding a wave of newly eligible flats to the market. Combined with a sustained BTO pipeline, buyers now have more options and less bidding pressure than in recent years.

3. A Major Cooling Measure Removed

In a significant policy shift, the government announced on July 28, 2026, the removal of the 15-month wait-out period for private property owners buying a resale HDB flat. This measure, originally implemented during the post-pandemic recovery, was lifted because market conditions have stabilized.

4. Financing and Supply Dynamics

While prices are cooling, it is an orderly moderation, heavily supported by current financing conditions. In mid-2026, the 3-month compounded SORA has hovered around 1.0% to 1.1%, representing a multi-year low for borrowing costs.

On the supply side, developers are preparing to launch a significant number of private residential units. The Confirmed List supply for 2026 totals 9,320 units—over 50% higher than the annual average over the past decade.

What This Means For You

• For Buyers: You now have improved negotiating leverage and more options on the market, backed by a rare window of lower mortgage rates.
• For Upgraders: The softening in HDB resale prices may complicate the timing between selling your flat and buying a private condo, as upgrading power might be slightly weaker.
• For Investors: Segment selection is crucial. With the CCR rising while the RCR and OCR soften, buying the wrong segment could result in flat near-term returns.

Ready to navigate this changing market? Whether you are looking to capitalise on the removal of the 15-month wait-out period or searching for value in upcoming new launches, reach out today for a personalised assessment of your property portfolio.