Singapore's private residential market became more resale-driven in the second quarter, with URA data cited by ERA showing total private home transactions rising 13.6 percent quarter on quarter to 6,148 units.

Secondary Sales Filled The Launch Gap

Non-landed resale volume rose 18.2 percent quarter on quarter to 3,813 transactions, while sub-sales increased to 194. Fewer major new launches pushed more buyers into existing stock.

Prices Still Rose Modestly

URA's private residential price index rose 0.5 percent in Q2 after a 0.9 percent increase in Q1. That keeps the market firm, but not overheated, as buyers compare resale availability with upcoming launches.

GLS Supply Remains The Stabiliser

The 2H2026 Government Land Sales programme adds 4,745 confirmed-list private residential units and keeps full-year confirmed supply at 9,320 units. Developers therefore face a deeper future land and launch pipeline.

Outlook

Singapore's next signal is whether second-half launches pull demand back from resale. Buyers should compare RCR and OCR resale prices against upcoming GLS-backed project pricing.

Singapore Deal Checks

For Singapore, the practical check is whether this local signal is visible in signed contracts, bank approvals, registered transfers, lease negotiations, completed works or enforceable public rules. Buyers should compare URA, resale homes, RCR with title documents, service charges, financing terms, physical condition and realistic exit demand before treating the latest news as a price guarantee.

Search for Properties for Sale and Rent: Singapore Housing Market.