Singapore private-home prices rise 1.4% as developers launch fewer units

Developers put 643 fewer private homes on sale in Singapore in the third quarter of 2026 than in the previous quarter. Yet private residential prices rose 1.4%, accelerating from 0.5%, according to the Urban Redevelopment Authority’s final statistics released on 23 October 2026.

For someone comparing a new condo with a resale home, that combination matters: fewer fresh units entered the market, but the overall price measure kept climbing. Developers launched 1,140 uncompleted private homes, excluding executive condominiums (ECs), and sold 1,183, down from 1,783 launches and 2,141 sales in the second quarter.

The useful story is in the differences beneath those totals: how much the launch menu shrank, where prices moved, and how much buying took place outside developer showrooms.

A smaller launch menu, and an even bigger fall in developer sales

The reduction in launches works out to 36.1%, calculated from URA’s quarterly figures. Developer sales fell more sharply, by 44.7%, or 958 homes. Both comparisons exclude ECs, keeping the two quarters on the same basis.

Those numbers describe two different things. Launches count units newly put on sale during the quarter; developer sales count purchases, which can include units launched earlier. That is why the 1,183 homes sold should not be read as buyers snapping up all 1,140 newly launched units and then some. The totals are not a matched batch of homes.

For a buyer, the distinction changes the question worth asking at a sales gallery. “How many units have sold?” is useful, but it needs a companion: “How many of the unit type I want are still available, and when were they released?”

A project-wide sales tally is a starting point for that conversation, rather than an answer about a particular layout. Someone looking for three usable bedrooms needs a comparison centred on those homes—not simply the development’s overall sales percentage.

The quarterly figures establish that less fresh stock entered the market. They do not identify the remaining layouts, floors or facing options at any individual launch. Those details require a separate, current check against the project’s available-unit information.

The 1.4% rise contains very different price movements

The overall price increase was not evenly spread. Landed-home prices rose 2.9%, while non-landed prices rose 1.0% in the third quarter. For someone shopping for a condo, the non-landed measure is the closer starting point, although it still covers a broad market.

Within non-landed homes, URA recorded three distinct outcomes:

All figures are from URA’s final third-quarter statistics.

These are URA’s broad geographical groupings, not ratings of individual developments. The strongest increase was in the Outside Central Region, while the Rest of Central Region was flat. That makes the island-wide 1.4% figure a particularly blunt reference for comparing two specific condos.

The index is a market measure, not a price guide for a particular stack. It draws on transactions across the market; it does not tell a buyer what premium to pay for a higher floor, a different layout or a particular view.

The practical interpretation is to narrow the comparison before discussing whether an asking price looks reasonable. Start with the relevant type of home and location, then compare the actual units. Applying the overall quarterly increase to an earlier project price would skip the very differences that the regional figures reveal.

Nearly three in four transactions were resales

The quarter was quieter overall, but developer sales were only part of the activity. URA recorded 3,801 resales and 162 sub-sales, alongside the 1,183 developer sales. Sub-sales are sales by an existing buyer before a property is completed.

Adding those categories gives 5,146 private-home transactions, excluding ECs, compared with 6,148 in the second quarter—a calculated decline of approximately 16.3%. That was a substantially smaller fall than the 44.7% drop in developer sales.

Resales accounted for 73.9% of transactions, up from 62.0% in the preceding quarter. Put simply, almost three out of every four private homes transacted during the quarter were resales.

For a new-launch buyer, that makes completed homes a useful part of the comparison rather than an afterthought. A launch-versus-launch shortlist answers one question: which new development suits you better? Adding a relevant resale alternative answers another: what are you giving up, or gaining, by choosing a home that is not yet completed?

A useful comparison would put total asking prices, internal space, bedroom usability and the household’s moving timetable alongside one another. It should also separate what can be inspected now from what is represented in plans. These are comparison questions, not findings about any particular project in this release.

The resale-heavy quarter does not explain why the price index rose. It does show why a story focused only on new-launch sales would leave out most of the transactions.

Fewer launches this quarter is not the whole supply picture

At the end of the third quarter, URA counted 20,300 unsold private residential units, including ECs, with planning approval. Including potential supply from sites not yet granted planning approval, it estimated that about 32,800 units could be available for sale over the next one to two years.

Those figures have a different scope from the launch and sales counts above: the supply totals include ECs; the quarterly developer figures exclude them. They should not be combined as though they describe an identical pool.

There is also a timing distinction. The 1,140 launches describe units actually put on sale during July–September. The larger forward-looking estimate describes potential availability, not a confirmed launch calendar or a promise that a suitable home will appear in a buyer’s preferred neighbourhood.

For someone whose shortlist feels thin, the useful next question is therefore specific: what competing homes are available now, and which future options have sufficiently firm details to merit waiting for?

The unresolved issue is at project level. URA’s figures establish rising aggregate prices, fewer launches and a resale-heavy quarter; they do not settle whether the particular unit a buyer wants is well priced. That judgement still needs actual comparable transactions, current remaining stock and a layout that works for the household.