Singapore's private home prices rose 1.4% in the third quarter of 2026, according to final figures from the Urban Redevelopment Authority (URA), but a jump in completions pushed the vacancy rate up to 7.2%.

TL;DR

  • Private home prices rose 1.4% quarter on quarter in Q3 2026, up from 0.5% in Q2, with landed homes up 2.9% and suburban non-landed homes up 2.3%.
  • Rents rose 1.3%, while developer sales (excluding executive condominiums) fell to 1,183 units from 2,141 in Q2.
  • Completions of 3,559 units lifted vacancy to 7.2% from 6.4%, the highest quarterly completions since Q3 2024.

How much did Singapore private home prices rise in Q3 2026?

The URA, Singapore's national land-use planner and the publisher of the official private property price index, reported on 23 October 2026 that its index for private residential property, excluding executive condominiums (ECs), rose 1.4% in Q3, against 0.5% in Q2. The first three quarters of 2026 averaged 0.9% per quarter.

Landed homes rose 2.9%. Non-landed homes rose 1.0% after a 0.1% fall in Q2. By region, non-landed prices rose 2.3% in the Outside Central Region (OCR, the suburbs) and 0.3% in the Core Central Region (CCR, the prime districts), while the Rest of Central Region (RCR, the city fringe) was unchanged after a 1.2% fall.

What happened to rents and new-home sales?

Rents rose 1.3% overall, from 0.7%. Non-landed rents in the OCR rose 3.1%, while CCR non-landed rents fell 0.3%. For context on the wider rental picture, see our report on prime office rents at https://propertynewsasia.com/singapore-prime-office-rents-rise-2-0-in-q3-2026-to-s-12-75-psf-as-cbre-core-cbd-vacancy-falls-to-2-6/

Developers launched 1,140 units and sold 1,183 in Q3 (excluding ECs), compared with 1,783 launched and 2,141 sold in Q2. Huttons Asia had earlier estimated about 1,100 sales and called it the lowest third-quarter figure since 1998, as reported by EdgeProp Singapore on 1 October; URA's final count is 1,183. Resales were 3,801 transactions, or 73.9% of all sales, up from 62.0%.

Why did the vacancy rate rise to 7.2%?

Completions reached 3,559 units including ECs, up from 1,212 in Q2 and the highest quarterly figure since Q3 2024. Completed stock grew by 3,491 units, while occupied stock fell by 305, so overall vacancy rose to 7.2% from 6.4%. By region, vacancy was 8.4% in the CCR, 7.4% in the RCR and 6.5% in the OCR. Realion's chief researcher Christine Sun described the 92.8% occupancy rate as healthy, according to EdgeProp.

What does the supply pipeline look like?

URA counted 44,738 units with planning approval, of which about 20,300 are unsold, plus 12,508 unsold units without planning approval yet. It says about 32,800 units could be available for sale within one to two years. The 2H2026 Confirmed List has about 4,745 units including 735 ECs. About 57,200 units are due to complete, roughly 22,300 by 2028 and 34,900 from 2029. For new government land supply, see https://propertynewsasia.com/chuan-grove-and-plymouth-avenue-reserve-list-sites-could-yield-1-180-homes-what-happens-next/

Why it matters

Price gains in Q3 were led by landed homes and suburban condominiums, while developer sales were thin and completions rose sharply. Whether higher vacancy weighs on rents in coming quarters is not confirmed by the URA data. Analysts quoted by EdgeProp offer differing views: SRI's Mohan Sandrasegeran forecast 2026 private home prices rising about 3% to 3.5%, while Knight Frank's Leonard Tay warned labour-market uncertainty could lead some buyers to wait. On the public-housing side, see https://propertynewsasia.com/hdb-resale-prices-fall-0-2-in-q3-2026-a-third-straight-quarterly-decline-as-transactions-reach-7-528/

Frequently Asked Questions

Did Singapore private home prices rise in Q3 2026?

Yes. The URA's private residential price index, excluding ECs, rose 1.4% quarter on quarter in Q3 2026, up from 0.5% in Q2, according to its 23 October 2026 release.

Which segments rose the most?

Landed homes rose 2.9%, and non-landed homes in the OCR rose 2.3%. CCR non-landed prices rose 0.3%, and RCR non-landed prices were unchanged.

What is the private home vacancy rate in Singapore?

The URA reported overall private residential vacancy of 7.2% at the end of Q3 2026, up from 6.4% in Q2, after 3,559 units completed.

Sources and Method

This article uses the URA media release "Release of 3rd Quarter 2026 real estate statistics" (pr26-73, 23 October 2026) at https://www.ura.gov.sg/news/media/pr26-73/, EdgeProp Singapore's report by Fiona Lam on 23 October 2026, and EdgeProp Singapore's 1 October 2026 report on flash estimates. Figures are URA's and exclude ECs unless stated. Analyst views are attributed and are forecasts or opinions, not confirmed outcomes. This is information, not property or financial advice.