by Lovelyhomes Editorial Team | Apr 24, 2026 | Condo New Launches, Investment Analysis
Singapore’s private residential property market began 2026 on a note of careful consolidation. The Urban Redevelopment Authority’s flash estimate for Q1 2026, released on 1 April, recorded a 0.3% quarter-on-quarter increase in the overall private residential price index — the softest quarterly growth in six quarters and a meaningful deceleration from the 0.6% gain seen in Q4 2025. Yet beneath this headline restraint lie important divergences across segments and regions that tell a more nuanced story.
Key Market Signals — Q1 2026
- Overall private residential prices: +0.3% q-o-q (slowest growth in 6 quarters)
- Non-landed segment: +1.0% q-o-q — strong rebound from Q4 2025’s slight dip
- OCR leads: +1.3% q-o-q — suburban condos remain the demand driver
- CCR recovery: +0.4% q-o-q — reverses the -3.5% slide of Q4 2025
- Transactions: ~4,041 units — down 39.7% q-o-q from a high Q4 2025 base
- New launch take-up: Several Q1 launches sold over 90% on launch weekend
Singapore Private Residential Market — Q1 2026
Flash estimate figures released 1 April 2026 by the Urban Redevelopment Authority
| Overall Price Change (q-o-q) |
+0.3% — slowest growth in 6 quarters |
| Non-Landed Prices (q-o-q) |
+1.0% — rebound from -0.2% in Q4 2025 |
| Landed Prices (q-o-q) |
-1.8% — reversal from +3.4% in Q4 2025 |
| Core Central Region (CCR) |
+0.4% — reversal from -3.5% decline in Q4 2025 |
| Rest of Central Region (RCR) |
+0.9% — after +0.7% in Q4 2025 |
| Outside Central Region (OCR) |
+1.3% — strongest regional performer |
| Total Transactions (Q1 2026) |
~4,041 units — down 39.7% q-o-q from 6,699 in Q4 2025 |
| New Launch Take-up Highlight |
Several Q1 launches achieved >90% take-up at launch weekend |
| 2026 Launch Pipeline |
~17 projects / ~8,100 units — approx. 30% fewer than 2025 |
Key Takeaway
Private residential prices in Singapore remain in positive territory in Q1 2026, with non-landed homes leading a modest recovery. Transaction volumes fell sharply from a high Q4 2025 base but demand at quality new launches remained resilient.
Source: URA flash estimate — ura.gov.sg — 1 April 2026
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Non-Landed Segment Rebounds; Landed Dips
The Q1 2026 data reveals a clear bifurcation between the non-landed and landed segments. Non-landed private homes (condominiums and apartments) posted a 1.0% quarter-on-quarter price gain — a healthy rebound from the marginal 0.2% decline recorded in Q4 2025. Landed homes, in contrast, retreated 1.8% after a strong 3.4% surge in the preceding quarter. The landed pullback is consistent with the typical volatility in that segment, which trades on thin volumes and is sensitive to single large transactions.
For most buyers and investors focused on the condominium market, the non-landed rebound is the more relevant signal. The data suggests that underlying demand for well-located private apartments remains positive, supported by a constrained 2026 launch pipeline and steady household formation among Singapore’s resident population.
OCR Leads; CCR Stages a Recovery
The Outside Central Region (OCR) — Singapore’s suburban heartland comprising districts such as Tampines, Jurong, Tengah, Sengkang, Upper Thomson, and Woodlands — delivered the strongest price performance of any region in Q1 2026 at +1.3% quarter-on-quarter. This reflects sustained demand from HDB upgraders, first-time private buyers, and families attracted to the OCR’s larger unit sizes and more accessible price quantum. Several OCR launches in late 2025 and early 2026 recorded impressive sales velocity; with the 2026 pipeline lean in this segment, competition for quality suburban new launches is likely to remain brisk.
The Rest of Central Region (RCR), covering districts like Bishan, Toa Payoh, Queenstown, River Valley, and parts of Novena, posted a 0.9% gain — a tick up from the 0.7% seen in Q4 2025, suggesting mid-market city-fringe product continues to attract steady demand from owner-occupiers and investors seeking a balance of accessibility and price growth.
The Core Central Region (CCR) — comprising the prime districts of Sentosa, Orchard, Holland, Tanglin, Marina Bay, and the financial district — staged a notable recovery with a +0.4% quarter-on-quarter gain, directly reversing the -3.5% decline of Q4 2025. The Q4 2025 weakness was largely attributed to a normalisation after a period of elevated prime-market activity and the impact of the 60% foreign buyer ABSD, which has materially suppressed international demand since April 2023. The Q1 2026 recovery suggests domestic CCR demand — led by Singapore Citizens, PRs, and Free Trade Agreement-eligible nationals including US citizens and Swiss nationals — is stabilising the top end of the market.
Transaction Volume Down on a High Base
Total private home transactions fell to approximately 4,041 units in Q1 2026, a 39.7% decline from the 6,699 units transacted in Q4 2025. The sharp percentage drop sounds alarming but should be read with important context: Q4 2025 was an unusually active quarter, boosted by a high concentration of new project launches in the second half of 2025 (including multiple large OCR and RCR projects that sold strongly). The Q1 2026 volume is closer to a normalised quarterly run-rate rather than an indication of distress.
Of the six developments launched in Q1 2026, several achieved take-up rates exceeding 90% on their respective launch weekends — a clear signal that buyer demand remains calibrated to the right product at the right price point. The cautionary note, however, is that with only approximately 17 projects and 8,100 units anticipated in the 2026 full-year pipeline (a 30% reduction on 2025’s approximately 11,000+ units), the aggregate transaction volume for 2026 is expected to be structurally lower than in prior years — not because demand has collapsed, but because supply is meaningfully constrained.
What This Means for Buyers in 2026
For prospective buyers, the Q1 2026 data paints a picture of a market in consolidation rather than in correction. Prices are neither accelerating dangerously nor sliding materially. The government has signalled no intention to introduce additional cooling measures in the near term, with the existing 60% foreign buyer ABSD and 55% TDSR cap continuing to provide structural support for affordability among genuine owner-occupiers.
For buyers considering the OCR, the combination of +1.3% price growth and a thin 2026 pipeline suggests that well-located suburban launches — particularly those with MRT proximity — are likely to see sustained demand. Projects such as Springleaf Residence (Upper Thomson, TEL, 941 units) and Pinery Residences (Tampines) illustrate the kind of connected suburban product that has been absorbing the bulk of OCR demand in early 2026. For CCR buyers, the segment’s Q1 recovery after a period of weakness opens a potential re-entry window for domestic buyers who have been waiting on the sidelines.
The full Q1 2026 URA report (incorporating complete sales data beyond the preliminary caveat cut-off) is expected in late April 2026. Buyers and investors should monitor the final figures alongside the HDB Resale Price Index, which is released in the same cycle, for a complete picture of how the private-public residential market relationship is evolving.
Related Guides
Disclaimer: Market data in this article is drawn from the URA flash estimate released 1 April 2026. Final figures will be published in the full URA quarterly release (typically 3–4 weeks after flash estimate). This article is for informational purposes only and does not constitute investment or financial advice.
by Lovelyhomes Editorial Team | Apr 24, 2026 | Condo New Launches, New Launches
If you have been waiting for the right moment to enter Singapore’s private residential market, the numbers in 2026 are telling a story worth paying attention to. This year is shaping up to be the quietest year for new private condo launches in at least three years — with an estimated 17 projects and approximately 8,100 units entering the market, compared with roughly 23 projects and over 11,000 units in 2025. A 30% reduction in new supply is not a footnote; it is the defining market dynamic that every prospective buyer and investor needs to factor into their planning.
2026 New Launch Pipeline at a Glance
- Approximately 17 private residential projects (18 including ECs) expected in 2026
- Total unit supply: ~8,100 units — roughly 30% below 2025’s ~11,000+
- OCR suburban projects dominate the pipeline — more than half of all units
- Several early 2026 launches already recording 90%+ take-up at launch weekend
- Key launches still to come: Springleaf Residence, UPPERHOUSE, W Residences Marina View, and others in D1, D9, D10, D26
- EC pipeline: ~5 projects expected, catering to the HDB upgrader segment
Singapore New Launch Condo Pipeline 2026
Estimated supply vs prior years — as at April 2026
| 2026 New Launch Estimate |
~17 private residential projects / ~8,100 units |
| 2025 Launches (actual) |
~23 projects / ~11,000+ units |
| Year-on-Year Change |
Approximately -30% in unit supply |
| 2024 Launches (actual) |
~8,000–9,000 units (comparable to 2026) |
| OCR Share (2026 pipeline) |
Majority — over 50% of units in suburban locations |
| CCR Share (2026 pipeline) |
Smaller share — constrained by 60% foreign ABSD, GLS scarcity |
| Key OCR Projects (2026) |
Springleaf Residence, Pinery Residences, Rivelle Tampines EC |
| Key CCR/RCR Projects (2026) |
UPPERHOUSE Orchard Blvd, W Residences Marina View, 21 Anderson |
| Strong Take-Up Threshold |
Several 2026 launches recording >90% on launch weekend |
Key Takeaway
With roughly 30% fewer new units launching in 2026 versus 2025, well-located projects are experiencing strong buyer interest. Buyers who wait too long risk limited availability at quality launches.
Source: Industry data, URA pipeline reports — April 2026
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Why is 2026 Supply so Constrained?
The 2026 supply tightness is largely a function of the Government Land Sales (GLS) programme cycle and the typical 3–5 year development period between site award and launch. Many of the sites sold during the 2019–2020 period have already launched (contributing to the busy 2023–2025 pipeline), while the sites awarded in 2022–2023 are still under construction and will not be market-ready until 2027 or beyond in many cases. The result is a natural valley in the launch calendar during 2026.
Compounding the GLS timing effect, Singapore’s construction costs and labour constraints have added 6–12 months to typical development timelines for several projects originally slated for 2025 launches that have slipped into 2026 or later. Meanwhile, the government has been measured in its GLS supply releases — calibrating site offerings against market conditions to avoid both over-supply and price spikes — meaning the pipeline for the near-term is already largely set.
OCR Dominates, CCR Gets Premium Boutique Projects
The geographic distribution of the 2026 pipeline skews heavily toward the OCR. More than half of the anticipated new units are in suburban locations, reflecting the GLS programme’s allocation of residential sites in growth areas such as Tengah, Tampines North, Jurong Lake District, Canberra, and Upper Thomson. This is broadly consistent with the government’s stated objective of providing well-served housing near employment hubs and public transport nodes.
In the OCR, the standout offering this year is Springleaf Residence — GuocoLand’s 941-unit nature-integrated development at Upper Thomson Road, just 110 metres from Springleaf MRT on the Thomson-East Coast Line. The project’s biodiversity-conservation design concept and a conserved heritage building make it architecturally unlike anything else in the suburban pipeline. At this stage, the Upper Thomson corridor is also set to benefit from the broader Springleaf new town development planned by URA, which will add community amenities, green corridors, and township infrastructure around the site over the coming decade.
In the CCR and RCR, the 2026 picture is one of boutique quality over quantity. UPPERHOUSE at Orchard Boulevard — the 301-unit UOL Group and Singapore Land Group collaboration at 22 Orchard Boulevard — is among the most keenly anticipated CCR launches of the year, offering a genuinely rare Orchard Boulevard address with low unit density and Swiss-Italian material specifications. W Residences Marina View, a 683-unit branded residence by IOI Properties atop a 360-room W Hotels property in Marina Bay District 1, represents an entirely new product category for Singapore: a luxury branded residence tower that brings five-star hotel services into an owner-occupied residential framework. At 237 metres, it is also set to be among the tallest residential towers in the republic.
Strong Demand Meets Leaner Supply: What Happens to Prices?
Early 2026 market data suggests that the combination of constrained new supply and sustained demand from domestic buyers is creating a productive tension in the new launch segment. The Q1 2026 URA flash estimate recorded a 0.3% quarter-on-quarter price increase overall, with the OCR leading at +1.3% q-o-q. This is a market in measured growth, not a speculative spike — the structural constraints of the ABSD framework and the TDSR limit mean Singapore’s residential market cannot achieve the kind of runaway appreciation seen in some other global cities.
For buyers, the implication of a lean 2026 pipeline is straightforward: there are fewer opportunities to choose from, and the best-positioned units (MRT-proximate stacks, larger configurations, view-facing orientations) are likely to be absorbed quickly at launch. The pattern seen at Pinery Residences — a 588-unit Tampines West project that sold 92.5% of units at an average of S$2,546 per square foot at its launch weekend in early 2026 — indicates buyers are prepared to commit decisively when the product offering is right.
The Executive Condo Opportunity in 2026
For eligible HDB upgraders, the 2026 EC pipeline presents a compelling alternative to private condos. Five EC projects are expected in 2026, including Rivelle Tampines EC and projects near Sembawang and the Plantation Close area. ECs are sold at prices typically 20–30% below comparable private condos in the same location, and first-timer HDB upgraders who purchase directly from the developer are not required to pay ABSD even if they still own their HDB flat. The income ceiling for EC applications is S$16,000 in combined gross monthly household income.
As EC projects privatise after 10 years from their TOP, they typically achieve capital appreciation comparable to private condos in the same district. For value-conscious upgraders who can qualify, the 2026 EC pipeline deserves serious attention — particularly given the tighter supply of private OCR launches this year.
Looking Ahead: What to Expect from H2 2026
The majority of the 2026 new launches are expected in the second half of the year. Buyers who have done their research, secured their In-Principle Approval, and identified their preferred district and project type are best placed to act quickly when launches are announced. With limited inventory in both OCR and CCR segments, waiting for conditions to “improve” is a strategy that carries its own risks in a supply-constrained year.
The government’s consistent message has been that there are no plans for additional cooling measures unless private home prices show an unsustainable spike exceeding 10% year-on-year. With Q1 2026 growth at 0.3% for the quarter, the current trajectory does not suggest intervention is imminent. The next data checkpoint will be the full Q1 2026 URA report expected later in April, followed by the Q2 2026 flash estimate in July.
Related Guides
Disclaimer: Pipeline estimates in this article are based on publicly available project information, GLS award records, and industry data as at April 2026. Actual launch dates and unit counts are subject to change at developer’s discretion. This article is for informational purposes only and does not constitute investment advice. Source: URA — ura.gov.sg.
