The Urban Redevelopment Authority (URA), Singapore's urban planning agency, said on 23 October 2026 that its private residential price index rose 1.4% in the third quarter, even though developers sold only 1,183 new units and completions reached their highest level since 3Q 2024.

TL;DR

  • URA's private home price index rose 1.4% in 3Q 2026, up from 0.5% in 2Q, with landed homes up 2.9% and non-landed homes up 1.0%.
  • Developers sold 1,183 private units excluding executive condominiums (ECs), down from 2,141 in 2Q, while resale transactions held near 3,800.
  • URA says about 32,800 unsold units could reach the market over the next one to two years, and it urges households to be prudent.

What did URA report for Singapore private home prices in 3Q 2026?

URA's final third-quarter statistics show the overall private residential property price index up 1.4%, compared with 0.5% in the previous quarter. Across the first three quarters of 2026, prices rose by an average of 0.9% per quarter, similar to the same period in 2025. The 1.4% figure matches URA's flash estimate published on 1 October, although the breakdown shifted slightly: landed prices came in at 2.9% (flash: 2.8%) and non-landed prices at 1.0% (flash: 0.9%), according to EdgeProp's report on the flash data.

How did prices move across regions?

Non-landed prices in the Outside Central Region (OCR), which covers suburban estates, rose 2.3% after a 0.1% fall in 2Q. In the Rest of Central Region (RCR), which includes city-fringe areas, prices were unchanged after a 1.2% decline. In the Core Central Region (CCR), the prime districts, prices rose 0.3%, compared with 1.8% in 2Q. Rentals rose 1.3% overall, with OCR non-landed rents up 3.1% and CCR non-landed rents down 0.3%.

Why did developer sales fall while prices rose?

Developers launched 1,140 private units (excluding ECs) in 3Q, down from 1,783, and sold 1,183, down from 2,141. No new EC units were launched and 68 were sold, compared with 175 in 2Q. URA does not explain the link between weak sales and higher prices. Realion Group's Christine Sun told EdgeProp that a larger share of homes sold at higher prices, while Huttons Asia's Mark Yip described the quarter as the weakest third quarter for new-home sales since 1998. Both comments were made on flash data and are the analysts' own views.

What happened to resales and supply?

There were 3,801 resale transactions, almost level with the 3,813 in 2Q, and they made up 73.9% of all sale transactions, up from 62.0%. Sub-sales were 162, down from 194. Completions reached 3,559 private units including ECs, up from 1,212 and the highest since 3Q 2024. At the end of the quarter, 44,738 units had planning approval, of which 20,300 were unsold. Adding 12,508 unsold units yet to receive approval gives roughly 32,800 units that could be offered for sale over the next one to two years. URA also confirmed 4,745 units on the Government Land Sales Confirmed List for 2H 2026, bringing the full-year Confirmed List to 9,320 units, more than 50% above the 10-year annual average.

Why it matters

For buyers, sellers and investors tracking Singapore, the quarter shows prices holding up while new-home volumes thin out, and shifts the market's weight toward resale. The large pipeline is the main variable to watch. Analyst expectations vary: SRI's Mohan Sandrasegeran expects full-year 2026 private prices to rise about 3% to 3.5%, while Christine Sun expects 4Q transactions to jump on major launches such as Thomson Reserve. These are forecasts, not URA projections. For related context, see our coverage of the Thomson Reserve launch (https://propertynewsasia.com/thomson-reserve-launches-in-q4-what-the-1-268-unit-upper-thomson-condo-means-for-singapore-buyers/), HDB resale prices in Q3 2026 (https://propertynewsasia.com/hdb-resale-prices-fall-0-2-in-q3-2026-a-third-straight-quarterly-decline/) and the Jurong Lake District white site tender (https://propertynewsasia.com/ura-launches-town-hall-link-white-site-in-jurong-lake-district-tender-for-up-to-1-200-homes-closes-17-november/).

What is not confirmed

URA's release does not give reasons for the sales decline or any price forecast. We read the main release text and not every annex table. Analyst comments come from EdgeProp's 1 October flash-estimate coverage, so they predate the final data. This article is not property, financial or investment advice.

Frequently Asked Questions

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

URA reports a 1.4% rise in the private residential price index, versus 0.5% in 2Q 2026.

How many new private homes did developers sell in Q3 2026?

Developers sold 1,183 units excluding ECs, down from 2,141 in the previous quarter.

How much new housing supply is coming?

URA says about 32,800 units, including ECs, could be made available for sale over the next one to two years, within 57,200 units expected to complete over the next few years.

Sources and Method

Primary source: URA, Release of 3rd Quarter 2026 real estate statistics, 23 October 2026 (https://www.ura.gov.sg/news/media/pr26-73/). Independent source: EdgeProp Singapore, Private home prices rise 1.4% despite weakest 3Q new-home sales since 1998, 1 October 2026 (https://www.edgeprop.sg/property-news/private-home-prices-rise-14-despite-weakest-3q-new-home-sales-1998-ura-flash-estimates). Figures were checked against the URA release. Region names follow URA's definitions.