Release of 1st Quarter 2026 real estate statistics

- The overall private residential price index rose by 0.9% in 1st Quarter 2026, similar to the average quarterly increase of 0.8% in 2025. The overall private residential rental index rose slightly by 0.3% in the quarter.
 
- About 55,800 private residential units (including ECs) are expected to be completed in the next few years. This pipeline supply includes about 4,600 units to be released via the Confirmed List of the 1H2026 Government Land Sales (GLS) Programme, which is 50% above the average half-yearly Confirmed List supply for GLS programmes over the past decade.

- The macroeconomic outlook has become more uncertain. Households should continue to exercise prudence when purchasing property and taking out mortgage loans.

1 The Urban Redevelopment Authority (URA) released today the real estate statistics for 1st Quarter 2026.

PRIVATE RESIDENTIAL PROPERTIES
Overview:

* Figures exclude Executive Condominium (ECs)

Prices and Rentals

2 Prices of private residential properties increased by 0.9% in 1st Quarter 2026, compared with the 0.6% increase in the previous quarter.

Property Price Index of private residential properties

3 Prices of landed properties decreased by 0.4% in 1st Quarter 2026, compared with the 3.4% increase in the previous quarter. Prices of non-landed properties increased by 1.3% in 1st Quarter 2026, compared with the 0.2% decrease in the previous quarter.

4 Prices of non-landed properties in Core Central Region (CCR) increased by 0.6% in 1st Quarter 2026, compared with the 3.5% decrease in the previous quarter. Prices of non-landed properties in Rest of Central Region (RCR) increased by 0.8% in 1st Quarter 2026, compared with the 0.7% increase in the previous quarter. Prices of non-landed properties in Outside Central Region (OCR) increased by 2.2% in 1st Quarter 2026, compared with the 1.0% increase in the previous quarter (see Annex A-1 [PDF, 164 KB]).

5 Rentals of private residential properties increased marginally by 0.3% in 1st Quarter 2026, compared with the 0.5% decrease in the previous quarter.

Rental Index of private residential properties

6 Rentals of non-landed properties increased by 0.4% in 1st Quarter 2026, compared with the 0.1% decrease in the previous quarter. Rentals of landed properties increased by 0.1% in 1st Quarter 2026, compared with the 3.0% decrease in the previous quarter.

7 Rentals of non-landed properties in CCR properties increased by 0.5% in 1st Quarter 2026, compared with the 0.7% increase in the previous quarter. Rentals of non-landed properties in RCR decreased by 0.2% in 1st Quarter 2026, compared with the 0.6% increase in the previous quarter. Rentals of non-landed properties in OCR increased by 1.0% in 1st Quarter 2026, compared with the 2.0% decrease in the previous quarter (see Annex A-2 [PDF, 161 KB]).

Launches and Take-up

8 Developers launched 1,844 uncompleted private residential units (excluding ECs) for sale in 1st Quarter 2026, compared with the 2,632 units in the previous quarter (see Annex C [PDF, 178 KB]).

9 Developers sold 2,013 private residential units (excluding ECs) in 1st Quarter 2026, compared with the 2,940 units sold in the previous quarter (see Annex D [PDF, 185 KB]).

Number of private housing units launched and sold by developers (excluding ECs)

10 Developers launched 1,320 EC units for sale in 1st Quarter 2026 and sold 1,168 EC units in the quarter (see Annex F [PDF, 165 KB]). In comparison, developers did not launch any EC units for sale and sold 80 EC units in the previous quarter.

Resales and Sub-sales

11 There were 3,225 resale transactions in 1st Quarter 2026, compared with the 3,529 units transacted in the previous quarter. Resale transactions accounted for 59.6% of all sale transactions in 1st Quarter 2026, compared with 52.7% in the previous quarter (see Annex D [PDF, 185 KB]).

12 There were 175 sub-sale transactions in 1st Quarter 2026, compared with the 230 units transacted in the previous quarter. Sub-sales accounted for 3.2% of all sale transactions in 1st Quarter 2026, compared with 3.4% in the previous quarter (see Annex D [PDF, 185 KB]).

Number of resale and sub-sale transactions for private residential units (excluding ECs)

Supply Completions

13 A total of 1,271 private residential units (including ECs) were completed in 1st Quarter 2026 (see Annex E-4 [PDF, 162 KB]).

Supply in the Pipeline

14 As at the end of 1st Quarter 2026, there were 42,561 units (including ECs) with planning approval, of which 17,032 units remained unsold (see Annexes B [PDF, 164 KB] & E-1 [PDF, 192 KB]). Adding 13,265 unsold units (including ECs) that have not been granted planning approval yet, approximately 30,300 units could be made available for sale later this year or next year. These include the supply of about 4,600 units (including 635 EC units) on the Confirmed List of the GLS Programme in 1H2026 (see Annex E-3 [PDF, 226 KB]).

Total number of unsold private residential units with planning approval in the pipeline

15 Based on the expected completion dates reported by developers, about 55,800 private housing units are expected to be completed in the coming years. These comprise about 27,300 units (including ECs) expected to be completed by 2028, and about 28,500 units expected to be completed from 2029 onwards (see Annex E-3 [PDF, 226 KB]).

Pipeline supply of private residential units and ECs by expected year of completion

Stock and Vacancy

16 The stock of completed private residential units (excluding ECs) increased by 813 units in 1st Quarter 2026, compared with the increase of 1,696 units in the previous quarter. The stock of occupied private residential units (excluding ECs) increased by 225 units in 1st Quarter 2026, compared with the increase of 5,027 units in the previous quarter. As a result, the vacancy rate of completed private residential units (excluding ECs) increased to 6.2% as at the end of 1st Quarter 2026, from 6.0% in the previous quarter (see Annex E-1 [PDF, 192 KB]).

Stock and vacancy of private residential units (excluding ECs)

17 Vacancy rates of completed private residential properties as at the end of 1st Quarter 2026 in CCR, RCR and OCR were 8.2%, 6.3% and 5.2% respectively, compared with the 8.8%, 6.0% and 4.9% in the previous quarter.

OFFICE SPACE

Overview:

Prices and Rentals

18 Prices of office space increased by 0.2% in 1st Quarter 2026, compared with the 0.7% decrease in the previous quarter (see Annex A-1 [PDF, 164 KB]). Rentals of office space decreased by 0.2% in 1st Quarter 2026, compared with the 0.4% increase in the previous quarter (see Annex A-2 [PDF, 161 KB]).

Property Price Index of office space in Central Region

Rental Index of office space in Central Region

Note: Office rental statistics, including breakdown by location, floor area and building class, as well as street-level rental data, are updated quarterly and can be accessed at https://eservice.ura.gov.sg/property-market-information/pmiCommercialRentalOfficeAnalysis and https://eservice.ura.gov.sg/property-market-information/pmiCommercialRentalStatsByStreet

Supply in the Pipeline

19 As at the end of 1st Quarter 2026, there was a total supply of about 867,000 sq m GFA of office space in the pipeline, same as that in the previous quarter (see Annexes E-1 [PDF, 192 KB] & E-2 [PDF, 163 KB]).

Pipeline supply of office space

Stock and Vacancy

20 The amount of occupied office space increased by 26,000 sq m (nett) in 1st Quarter 2026, after remaining unchanged in the previous quarter. The stock of office space increased by 8,000 sq m (nett) in 1st Quarter 2026, compared with the decrease of 7,000 sq m (nett) in the previous quarter. As a result, the island-wide vacancy rate of office space decreased to 10.8% as at the end of 1st Quarter 2026, from 11.1% as at the end of the previous quarter (see Annex E-1 [PDF, 192 KB]).

Stock and vacancy of office space

Note: Vacancy rate statistics for office spaces, including breakdown by building class, are updated quarterly and can be accessed at

https://eservice.ura.gov.sg/property-market-information/pmiCommercialTimeseries

RETAIL SPACE

Overview:

Prices and Rentals

21 Prices of retail space increased by 2.2% in 1st Quarter 2026, compared with the 1.7% increase in the previous quarter (see Annex A-1 [PDF, 164 KB]). Rentals of retail space decreased by 0.6% in 1st Quarter 2026, compared with the 0.6% increase in the previous quarter (see Annex A-2 [PDF, 161 KB]).

Property Price Index of retail space in Central Region

 
Rental Index of retail space in Central Region

Note: Retail rental statistics, including breakdown by postal district, floor level and floor area, as well as street-level rental data, are updated quarterly and can be accessed at https://eservice.ura.gov.sg/property-market-information/pmiCommercialRentalRetailAnalysis and https://eservice.ura.gov.sg/property-market-information/pmiCommercialRentalStatsByStreet

Supply in the Pipeline

22 As at the end of 1st Quarter 2026, there was a total supply of about 605,000 sq m GFA of retail space in the pipeline, compared with the 560,000 sq m GFA of retail space in the pipeline in the previous quarter (see Annexes E-1 [PDF, 192 KB] & E-2 [PDF, 163 KB]).

Pipeline supply of retail space

Stock and Vacancy

23 The amount of occupied retail space increased by 6,000 sq m (nett) in 1st Quarter 2026, compared with the increase of 34,000 sq m (nett) in the previous quarter. The stock of retail space increased by 10,000 sq m (nett) in 1st Quarter 2026, compared with the decrease of 4,000 sq m (nett) in the previous quarter. As a result, the island-wide vacancy rate of retail space remained at 6.3% as at the end of 1st Quarter 2026, the same as at the end of the previous quarter (see Annex E-1 [PDF, 192 KB]).

Stock and vacancy of retail space

Note: Vacancy rate statistics for retail spaces, including the breakdown by location, are updated quarterly and can be accessed at https://eservice.ura.gov.sg/property-market-information/pmiCommercialTimeseries

URA’S REAL ESTATE INFORMATION SERVICE

24 Real estate information, such as time series statistics, are available on the URA website. Visit https://eservice.ura.gov.sg/property-market-information/pmiResidentialTimeseries for time series statistics on private residential properties and https://eservice.ura.gov.sg/property-market-information/pmiCommercialTimeseries for time series statistics on commercial properties.

25 Detailed information on the price and rental indices, supply in the pipeline, stock and vacancy rates of the various property sectors can be found in the Real Estate Information System (REALIS) at https://eservice.ura.gov.sg/reis. A subscription is required to access REALIS.

26 The figures in this release are accurate as of 24 April 2026. Please visit the URA website or REALIS for the most updated figures.

SUMMARY OF KEY INFORMATION FOR 1ST QUARTER 2026