HDB resale prices fall for second consecutive quarter; private home prices edge up 0.5%

Of the 16 towns that registered quarterly resale price declines, the largest fall was seen in Serangoon, at 7.9 per cent, followed by Marine Parade (7.6 per cent) and Geylang (6.9 per cent), according to Ms Sun. 

Resale activity also declined in the second quarter.

As of Jun 29, resale volume fell by 10.2 per cent to 6,268 transactions from 6,981 transactions in the same period last year.

The softer HDB resale market has led to fewer enquiries for resale flats and longer selling times, with such flats taking an average of two to three months to sell, Mr Lee said.

The market “may likely continue to stay flat” in the second half of 2026, he noted, pointing out that buyers will have more options from BTO projects and the 13,484 resale flats which will meet the five-year minimum occupation period (MOP) in 2026.

HDB will launch about 7,960 flats in Bedok, Geylang, Sembawang, Tengah, Toa Payoh and Yishun in the October sales exercise.

PRIVATE PROPERTY PRICES

URA data showed that prices of non-landed private residential properties decreased by 0.1 per cent, compared to the 1.3 per cent increase in the previous quarter. Prices of such properties in the Core Central Region rose 2 per cent, up from a 0.6 per cent increase in the preceding quarter.

Prices in the Rest of Central Region fell by 1.4 per cent, down from a 0.8 per cent increase last quarter, while prices in the Outside Central Region decreased by 0.2 per cent versus the 2.2 per cent increase in Q1.

Landed property prices increased by 2.6 per cent in Q2, up from the 0.4 per cent decrease in the previous quarter.

Sale transaction volume was broadly comparable between the first and second quarter.

URA said that its flash estimates are compiled based on transaction prices submitted for stamp duty payment and data on units sold by developers from Apr 1 to mid-June.

The Ministry of National Development (MND) previously announced on Jun 3 that land for 4,745 new private homes would be released in the second half of 2026.

The total confirmed supply for 2026 reached 9,320 as a result, bringing the total pipeline of private homes to about 61,000 units.

“The macroeconomic outlook remains highly uncertain,” URA and HDB said, urging households to “exercise prudence when purchasing property and taking out mortgage loans”.

On private home sales in the second half of the year, SRI’s head of research and data analytics Mohan Sandrasegeran noted that “market activity is expected to regain momentum as fresh wave of residential launches enters the market”.

“While inflationary pressures and a moderating economic outlook may lead some buyers to adopt a more cautious approach, we do not expect demand for new launches to weaken significantly,” he said.

“Instead, the market is likely to be buyers placing greater emphasis on location, pricing and overall value.”