In February 2026, Singapore’s condo resale market showed a noticeable rebound, with transactions climbing to an estimated 756 units—a 50.3 % jump from the previous month after a string of declines that began in October 2022. The surge broke a four‑month down‑trend and lifted activity above the 12‑month average that held steady from January 2021 to February 2022, yet it still fell short of the 789 units recorded a year earlier.
Analysts attribute the bounce to pent‑up demand after the Chinese New Year lull, as buyers rushed to secure homes before the next wave of new launches. While the volume remains modest compared with historic double‑digit spikes of 2020‑21, the market’s momentum signals a cautious optimism among domestic purchasers.
Average resale prices rose 1.4 % month‑on‑month, outpacing the 0.8 % growth seen in early 2023. Premium units in prime districts posted gains above 2 %, reflecting limited new supply and intensified competition. The Core Central Region (CCR) contributed 25.6 % of sales, with projects like One Marina Gardens showing strong price resilience.
CCR prices appreciated 1.8 % versus 1.2 % in the Rest of Central Region (RCR), a gap widened by scarce launches that forced buyers to bid up existing inventory. Investors, in particular, favoured CCR for its long‑term capital appreciation prospects.
RCR accounted for 41.9 % of February sales, anchored by developments such as Promenade Peak, which attracted attention for robust rental yields. Price growth in RCR was 1.3 % month‑on‑month, slightly lagging CCR but still solid.
The Outside Central Region (OCR) made up 32.5 % of transactions, indicating that demand is spread across both urban and suburban locales. First‑time owners and upgrade seekers dominated the buyer pool, while high‑net‑worth individuals targeted waterfront and fringe projects. Singapore citizens and permanent residents led the market, benefitting from ABSD restrictions that limited foreign participation. In contrast to Singapore’s resilience, investor purchases declined by 3% in comparable global condo markets, reflecting a broader retreat of investment interest from the sector.
Financing conditions remained favourable, with fixed‑rate mortgages at 3.0‑3.5 %, well below the 2023 peak. Banks, however, tightened loan‑to‑value ratios, placing greater emphasis on remaining lease length. CPF Ordinary Account balances continued to support down‑payments, and cash‑over‑valuation deals appeared in high‑demand estates, underscoring competitive bidding. Stress tests persisted, shaping buyer eligibility and purchase timing.
Looking ahead, a wave of new launches is expected in the coming months, which could tighten premium stack availability and push prices upward as pent‑up demand materialises. The market’s current trajectory suggests that buyers, especially domestic ones, are keen to act before supply tightens further, making February 2026 a notable inflection point in Singapore’s condo resale landscape. The post‑festive lull created a temporary dip in transaction volumes, offering a first‑mover advantage for strategic buyers. The surge aligns with the premium surge observed in five‑room HDB flats in mature estates.
