Singapore’s condominium resale market extended its upward trajectory in February 2026, with prices in the Core Central Region rising 0.5%, the Rest of Central Region advancing 2.8%, and the Outside Central Region increasing 1.5%, reinforcing record-high valuations amid sustained transaction activity and firm demand for mass-market units. The February reading aligned with broader projections that private home and private condominium prices could each rise about 3% over 2026, as resilient buyer participation continued to absorb available stock across multiple submarkets. Buyers considering near-term upgrades may also want to use free valuation tools to gauge potential equity gains before committing to a purchase or refinancing plan.
Singapore condominium resale prices climbed again in February 2026, led by the RCR, as firm demand sustained record-high valuations.
Activity levels reflected a market that remained liquid despite elevated pricing benchmarks. Contracts dated from 24 February to 3 March 2026 indicated active condominium buying, while resale listings spanned a wide pricing spectrum, from S$1,210.07 per square foot to S$3,031.50 per square foot, underscoring both product diversity and persistent willingness to transact at historically high rates.
Market momentum also drew support from the primary segment, where 10,815 new private units were sold in 2025, up 67.2% year on year, alongside 11,482 new private units launched, a 72.7% increase.
Regional conditions, however, were not uniform across price and rental indicators. Overall condominium rents slipped 0.2% month on month in February 2026, with both the RCR and OCR posting 0.5% rental declines, even as these same regions registered stronger resale price growth and continued to attract high demand for one- and two-bedroom layouts.
More than 60% of 2026 supply was concentrated in the OCR and RCR, suggesting that mass-market and city-fringe segments would remain central to absorption trends. Globally, active listings growth is projected to rise by 8.9% in 2026, marking a third consecutive annual increase that signals improving supply conditions across major housing markets.
Structural cost pressures remained a significant pricing variable. Land costs averaged S$1,463 per square foot per plot ratio by February 2026, up from S$1,060 in 2019, representing annual growth of 5.5% and increasing pressure on developers to raise end-buyer prices, particularly under the Government Land Sales programme.
Against that backdrop, Savills projected moderate yet meaningful price growth in 2026, supported by robust new-launch demand, household income growth of 3% to 4.5% annually, and launch pricing signals such as the Dover Drive GLS site, where the S$951 million top bid implied potential selling prices exceeding S$3,100 per square foot.
