Singapore’s housing market kicked off 2026 on a positive note, with non-landed residential home prices climbing 0.7% month-on-month in January, according to flash estimates from the NUS Singapore Residential Price Index. This follows a broader trend of steady price appreciation throughout 2025, where overall private home prices grew 0.6% quarter-on-quarter in Q4 2025.
The January uptick was supported by several new launches hitting the market simultaneously. Three major developments — Coastal Cabana EC, Newport Residences, and Narra Residences — collectively introduced 1,534 units, generating considerable buyer activity. Coastal Cabana EC, which launched on January 17, already sold more than two-thirds of its units, suggesting demand remains healthy despite broader economic uncertainties.
Singaporean buyers continued to anchor the market firmly, accounting for 87% of new private home sales in January 2026. That figure aligns with a remarkable full-year 2025 statistic: Singaporean buyers represented 82.6% of CCR non-landed new private home purchases, the highest proportion recorded since 1995. Strong local participation signals that domestic confidence in the property market remains robust.
Interest rates played a meaningful role in this momentum. The 3-Month Compounded SORA dropped sharply from 3.02% at the start of 2025 to approximately 1.19% by year-end, easing financing costs considerably. Lower borrowing costs expanded buyers’ purchasing power, while rising HDB prices pushed many upgraders toward private residential options. That combination proved to be a powerful catalyst for sustained transaction volumes throughout 2025. Among the highly anticipated upcoming options for buyers are developments such as UpperHouse at Orchard and LyndenWoods at Science Park, which are expected to draw strong interest from both upgraders and investors.
Regional performance, however, was uneven. The Rest of Central Region posted a solid 0.7% quarter-on-quarter price gain in Q4 2025, while the Core Central Region slipped 3.5% over the same period — reversing four consecutive quarters of growth. CCR non-landed transactions also fell 10.1% between Q3 and Q4 2025. Full-year CCR price growth moderated to 2.2% in 2025, compared to 4.5% in 2024.
Looking ahead, suburban and Outside Central Region markets are expected to see heightened activity, with new mass-market launches in the pipeline and 4,575 additional units confirmed on the 1H 2026 Government Land Sales list. Developers are also projected to launch approximately 20 projects comprising 8,487 units in 2026, keeping supply competitive as buyer demand continues to build. January’s total new home sales, including ECs, reached 990 units, with Coastal Cabana emerging as the top-selling project at 504 units sold at a median price of $1,790 psf.
