Private house prices in Singapore continued to rise for the seventh consecutive quarter, indicating that the country's property market remains strong despite the global economy facing various challenges.
Based on preliminary estimates by the Urban Redevelopment Authority (URA), private house prices increased by 0.5% in the second quarter of 2026 compared to the previous quarter.
Although this increase was slower than the 0.9% recorded in the first quarter, it still indicates that buyer demand is still high.
Strong demand for new housing projects is the main factor behind the price increase.
In recent months, many buyers, including high-income earners and new residents, have been seen actively acquiring newly launched condominium units.
In April alone, more than 1,500 new home units were successfully sold, marking the highest monthly sales volume in six months.
In addition, the still low housing loan rates have also provided more buyers with the opportunity to own a home.
While the majority of Singaporeans live in more affordable government-built homes, changes in private home prices are often a key indicator of the overall direction of the property market.
As such, the government has introduced various measures over the past few years to curb speculative activity and ensure that house prices do not rise sharply.
In May, the conditions for purchasing Executive Condominiums were also tightened to reduce the activity of buying and reselling the homes in a short period of time for profit.
However, some analysts believe that this move may cause some buyers to switch to the private housing market.
Although the second quarter is usually a slower period due to the school holidays and the lack of new project launches, interest in new homes remains high.
On the other hand, the second-hand home market is seen to be slowing down as the price gap between properties widens. This situation shows that many buyers are now more inclined to choose new homes over existing homes.
