Q3 was a quarter of firmer private home prices and almost unchanged resale activity. The overall price index rose 1.4%, following a 0.5% rise in Q2. Total private transactions fell, but most of the numerical decline came from developer sales in a quarter with fewer launches. Those are different signals, and it helps to read them separately.
For buyers, a slower sales headline does not automatically mean the homes on your shortlist became cheaper. For sellers, a rising index still needs to be supported by the recent transactions around your own property. Source: URA’s final Q3 release.
Where did prices rise?
Landed home prices rose 2.9%; non-landed prices rose 1.0%. Non-landed homes are apartments and condominiums. Within that group, prices in the Outside Central Region, broadly the suburban market, rose 2.3%. The Core Central Region rose 0.3%, while the Rest of Central Region was unchanged.
| Market segment | Price change |
|---|---|
| All private homes | +1.4% |
| Landed homes | +2.9% |
| Non-landed homes | +1.0% |
| Core Central Region, non-landed | +0.3% |
| Rest of Central Region, non-landed | 0.0% |
| Outside Central Region, non-landed | +2.3% |
Source: Annex A-1: property price index, 2nd and 3rd Quarter 2026 (Urban Redevelopment Authority), 3rd Quarter 2026 (July to September); final release of 23 Oct 2026. Extracted 23 Oct 2026.
Source: URA final release. The regional figures are subdivisions of non-landed homes, so these percentages should not be added together.
If you are looking at a suburban condo, the regional rise is relevant: waiting did not produce a broad price reduction in that segment this quarter. It does not tell us what will happen next quarter, or whether a particular stack or floor premium is attractive. Compare the total price, usable space, condition and location of homes you would actually consider buying.
Fewer sales overall, but the resale market barely changed
There were 5,146 private home transactions, excluding executive condominiums (ECs), compared with 6,148 in Q2. That is a calculated decline of 16.3%.
The breakdown makes the change easier to understand. Developer sales fell from 2,141 to 1,183, while private resales moved from 3,813 to 3,801—a difference of just 12 homes. Sub-sales, where a property is sold again before completion, fell from 194 to 162.
Private-home transactions in Q2 and Q3 2026
Developer sales fell from 2,141 to 1,183; private resales from 3,813 to 3,801; sub-sales from 194 to 162.
Private home transactions, excluding executive condominiums · transactions · Q2 and Q3 2026
Developer sales
- Developer sales, Q2 20262,141 transactions
- Developer sales, Q3 20261,183 transactions
Private resales
- Private resales, Q2 20263,813 transactions
- Private resales, Q3 20263,801 transactions
Private sub-sales
- Private sub-sales, Q2 2026194 transactions
- Private sub-sales, Q3 2026162 transactions
Private transactions excluding ECs, Q2 versus Q3 2026: developer sales 2,141 to 1,183, resales 3,813 to 3,801, sub-sales 194 to 162.
Source: Annex D: new sale, sub-sale and resale transactions, 3rd Quarter 2026 (Urban Redevelopment Authority), 3rd Quarter 2026 (July to September); final release of 23 Oct 2026. Extracted 23 Oct 2026.
Number of transactions · All categories exclude executive condominiums. Private resale volume was almost unchanged.
Show the data as a table
| Category | Group | transactions |
|---|---|---|
| Developer sales, Q2 2026 | Developer sales | 2,141 transactions |
| Developer sales, Q3 2026 | Developer sales | 1,183 transactions |
| Private resales, Q2 2026 | Private resales | 3,813 transactions |
| Private resales, Q3 2026 | Private resales | 3,801 transactions |
| Private sub-sales, Q2 2026 | Private sub-sales | 194 transactions |
| Private sub-sales, Q3 2026 | Private sub-sales | 162 transactions |
Resales held steady while developer sales fell. Source: URA Annex D.
Developers also launched fewer homes: 1,140 units, compared with 1,783 in Q2, excluding ECs. This matters because the number, timing and appeal of launches influence what buyers can purchase in a particular quarter. The figures alone do not separate the effects of launch timing, pricing and buyer demand.
For a resale seller, the market was still transacting. Resales represented 73.9% of all private transactions. That supports a measured pricing approach based on comparable sales, competing listings and the advantages of your own home. It does not mean every property will sell at a higher price.
More supply is coming, across different stages
URA reports approximately 32,800 unsold private homes, including ECs, that could become available for sale over the next one to two years. Separately, around 57,200 homes are expected to complete over the coming years, including about 22,300 by 2028 and 34,900 from 2029 onwards.
These describe different stages of the same housing pipeline and overlap; they should not be added together. A home that becomes available for sale and a home that is ready to move into meet different needs. Expected dates can also change. Source: URA’s supply figures.
For a new-launch buyer, the practical comparison is between today’s available homes and the future projects that could meet your needs. Look at the location, likely timing and development cost base as well as the number of units. Our land-cost and launch-timing guide explains how later land bids can give useful reference points. They do not determine the eventual selling price.
When comparing older and newer projects, also make sure their quoted PSF uses a comparable floor-area basis. The GFA harmonised versus non-harmonised PSF guide explains why a smaller reported area can produce a higher PSF without the same increase in the home’s total price.
Rents rose, and vacancy increased too
Private residential rents rose 1.3% in Q3, after a 0.7% rise in Q2. The vacancy rate for completed private homes, excluding ECs, increased from 6.4% to 7.2%. Source: URA final release.
Those movements can occur together across a varied market. For a landlord or an investment buyer, use recent leases and currently available units around the actual property to assess rent and letting time. A broad increase in rents is not enough to establish the income a particular home will earn.
