Did Singapore property prices rise in Q1 2026?

Yes. URA's private residential price index rose 0.9% quarter on quarter in Q1 2026, marking the sixth consecutive quarterly increase. OCR led with plus 2.2%, followed by RCR at plus 0.8% and CCR at plus 0.6%.

What share of Singapore property buyers in 2025 were foreigners?

Foreigners accounted for 1.2% of private residential sales in 2025, while Singapore citizens represented 83.7% of purchases, according to URA data.

Singapore Property Market Q1 2026: URA Data Recap

Quick answer: Singapore’s private property market posted 5,413 transactions in Q1 2026, price index rose 0.9% q/q for the sixth straight quarter, OCR gained the most at 2.2%, and resale units took a 59.6% share of all deals.

Singapore’s private residential market opened 2026 with measured momentum. URA’s Q1 2026 figures show 5,413 total transactions, the price index extending its run of quarterly gains, and the resale segment holding a clear majority of volume. Sub-sale activity fell to its lowest level since Q1 2022, a sign that the market’s composition leans toward genuine end-use demand and long-term investment rather than short-cycle speculation.

Transaction Volumes: Resale Leads, New Sales Steady

Of the 5,413 private residential sales recorded in Q1 2026, resale accounted for 3,225 units, a 59.6% share. New primary sales reached 2,013 units, reflecting a developer pipeline that remains selective rather than promotional. Sub-sales came in at 175 units, the lowest quarterly sub-sale figure since Q1 2022 and well below the peaks seen during the 2021 to 2022 cycle.

The sub-sale figure matters as a market health signal. Sub-sales involve units resold before legal completion, a practice more common when buyers are positioning for quick profit. At 175 transactions, that activity is minimal relative to overall volume, pointing to a buyer cohort that intends to hold.

Segment	Q1 2026 Units	Share of Total
New sales (primary)	2,013	37.2%
Resale	3,225	59.6%
Sub-sales	175	3.2%
Total	5,413	100%

Price Index: Sixth Consecutive Quarterly Rise

URA’s private residential property price index rose 0.9% quarter on quarter in Q1 2026, extending what is now six consecutive quarters of gains. The recovery has been consistent rather than explosive, which analysts generally interpret as price support driven by structural undersupply and steady demand rather than sentiment alone.

Regional performance diverged within that 0.9% headline:

OCR (Outside Central Region): plus 2.2% q/q, the strongest gain among the three planning regions. Mass-market suburban condos continue to attract HDB upgraders and yield-focused buyers.
RCR (Rest of Central Region): plus 0.8% q/q, in line with the overall index. Mid-tier city-fringe projects draw a mix of owner-occupiers and investors targeting the executive rental pool.
CCR (Core Central Region): plus 0.6% q/q. Prime district pricing has held firm but grown more slowly as the 60% ABSD for foreign buyers substantially reduces one historically active buyer segment.

For context on how these regions compare by yield profile, the Singapore Property Investment Guide covers CCR, RCR, and OCR characteristics in depth. OCR’s outperformance also feeds the Singapore rental yield guide district rankings, while regional PSF bands are mapped in the CCR vs RCR vs OCR guide.

Rental Market: Stable With Modest Uptick

The rental index rose 0.3% quarter on quarter in Q1 2026. Median rent for private residential units stood at S$5.13 per square foot per month, a figure that continues to underpin gross yield calculations for investor buyers, particularly in OCR where purchase prices relative to rent run comparatively closer than in CCR.

The rental market has cooled significantly from the sharp increases of 2022 and 2023, but has not retreated to pre-pandemic levels. Structural drivers, including continued expatriate inflows tied to financial sector and tech sector hiring, keep underlying rental demand supported.

Buyer Profile: Citizens Dominant, Foreigners at 1.2%

Full-year 2025 buyer nationality data from URA shows Singapore citizens at 83.7% of private residential purchases. Permanent residents accounted for the remainder of the domestic share. Foreigners represented 1.2% of transactions.

The 60% ABSD introduced in April 2023 remains the primary constraint on foreign volume. US and Swiss nationals with FTA eligibility are exempted from the additional duty on a first property, but they remain a small fraction of the foreigner buyer pool. The practical effect of the 60% rate is that most foreign buyers in Singapore are either high-conviction long-term holders or FTA-eligible nationals.

For a detailed breakdown of how cooling measures have shaped buyer composition over successive rounds, see the Singapore Property Cooling Measures Guide.

New Launch Pipeline Context

The 2,013 new sales in Q1 2026 reflect a developer landscape shaped by land-cost discipline and selective launch timing. Developers who acquired Government Land Sales sites at elevated prices over 2021 to 2023 are managing launch momentum to protect pricing. Buyers evaluating new projects in this environment should compare each launch against resale comparables in the same district before committing.

The Singapore New Launch Condo Guide 2026 covers current pipeline projects, launch sequencing, and the progressive payment structure that new launches require.

Market Outlook

Six straight quarters of positive price movement alongside low sub-sale activity and a resale-led volume mix describes a market with durable but not frothy demand. The 0.9% q/q headline gain in Q1 2026 falls within the range the government has historically treated as acceptable rather than a trigger for additional cooling intervention.

Key variables for the rest of 2026 include the pace of new launch supply, any changes to ABSD policy, and whether OCR’s 2.2% quarterly gain continues into Q2 as a sustained trend or reverts toward the broader index pace.

Investors monitoring this market should track URA’s Q2 2026 flash estimate, expected in July, alongside monthly Realis transaction data for early project-level signals.

Frequently Asked Questions

How many private residential units were sold in Singapore in Q1 2026?

URA recorded 5,413 total private residential transactions in Q1 2026. Of those, 2,013 were new primary sales, 3,225 were resale units at a 59.6% share, and 175 were sub-sales, the lowest sub-sale count since Q1 2022.

Which region had the strongest price growth in Q1 2026?

OCR (Outside Central Region) led with a 2.2% quarter-on-quarter gain. RCR rose 0.8% and CCR 0.6%, for an overall private residential price index increase of 0.9%, the sixth consecutive quarterly rise.

What is the median rental rate for private residential in Singapore as of Q1 2026?

URA data puts the median rent for private residential units at S$5.13 per square foot per month in Q1 2026, with the rental index up 0.3% quarter on quarter.