Singapore’s private residential market saw slower activity in February 2026 as home sales declined sharply following the Chinese New Year period. Developers also held back on major launches, contributing to weaker month-on-month transaction volumes. With no new launches during the month, most transactions came from existing projects.
Despite the slowdown, several projects continued to show healthy demand. Developments such as Newport Residences, One Marina Gardens, and The Orie remained among the stronger-performing launches, particularly within the Rest of Central Region (RCR) and suburban markets. Demand in prime areas also remained relatively resilient despite broader market caution.
Key Highlights
- Home sales fell sharply in February after seasonal festive slowdowns.
- Most transactions came from existing projects due to limited new launches.
- Demand remained stable in selected RCR and suburban developments.
- The luxury segment recorded fewer transactions but continued attracting high-value buyers.
- Upcoming launches and HDB upgrades are expected to support future market activity.
The luxury market saw more moderate activity, although several transactions above SGD$5 million were still recorded, showing continued interest in premium assets despite affordability concerns and cautious market sentiment
Outlook
Looking ahead, Singapore’s property market is expected to gradually recover as new launches return and domestic demand remains stable. However, affordability pressures, interest rate conditions, and global geopolitical risks are likely to continue influencing buyer sentiment throughout 2026.
