Landed homes led Singapore's private property market again in the third quarter of 2026. According to the Urban Redevelopment Authority's (URA) flash estimate released on 1 October 2026, landed home prices rose 2.8% quarter-on-quarter, after a 2.5% gain in the second quarter. The overall private residential price index rose 1.4%, which PropNex notes is the strongest quarterly gain since Q4 2024.
For anyone weighing a landed purchase, whether a terrace, a semi-detached house or a detached bungalow, here is what the numbers say and what to read into them.
Q3 2026 at a glance
| URA price index (quarter-on-quarter) | Q1 2026 | Q2 2026 | Q3 2026 (flash) |
|---|---|---|---|
| Overall private residential | +0.9% | +0.5% | +1.4% |
| Landed homes | −0.4% | +2.5% | +2.8% |
| Non-landed (all regions) | +1.3% | −0.1% | +0.9% |
| Non-landed – Core Central Region | +0.6% | +1.8% | −0.1% |
| Non-landed – Rest of Central Region | +0.8% | −1.2% | +0.2% |
| Non-landed – Outside Central Region | +2.2% | −0.1% | +2.2% |
Two things stand out. Landed prices have now risen in back-to-back quarters after a small dip at the start of the year. And prime condos in the Core Central Region (CCR), which were the strongest non-landed segment in Q2, were flat to slightly lower in Q3.
Prices up, but fewer deals
The gains came on thinner volume. URA said overall private sale transactions fell by about 30% from the previous quarter, to 4,296 units up to mid-September, compared with 6,148 in Q2. For landed homes specifically, PropNex counted 508 transactions in Q3 (caveats lodged up to 22 September), down from 592 in Q2.
Rising prices on lower volume usually means sellers are not under pressure. Few owners of good landed homes need to sell, so the homes that do change hands set the price. PropNex chief executive Kelvin Fong described Q3 activity as "measured", pointing to a low launch pipeline, the Lunar Seventh Month and "perhaps a more deliberate buyer mindset".
How 2026 compares with 2025
Landed prices rose 7.6% over the whole of 2025, according to the URA figures compiled by PropNex. Taking the three quarters of 2026 so far (−0.4%, +2.5% and +2.8%), the landed index is up roughly 4.9% for the year to date, by our own calculation from those quarterly changes. That is a slower pace than last year, but still well ahead of non-landed homes.
PropNex expects overall private home prices to rise between 3% and 4% for the full year 2026. It does not give a separate landed forecast.
Why landed homes keep outperforming
- Scarce new supply. Almost all new private housing from the Government Land Sales programme is condominiums. New landed homes come mostly from small redevelopments of older landed plots or townhouse sites, so each year only a handful of new detached and semi-detached houses reach the market.
- Buyers are mainly Singaporeans. Landed houses are restricted residential property, so foreigners generally need government approval to buy one. That keeps demand tied to local wealth and upgraders rather than foreign flows.
- Large, long-held homes. Owners tend to hold landed homes for many years, which limits resale stock in the most sought-after estates.
Read the flash estimate with care
Flash estimates are based on transactions up to mid-September and can be revised. URA itself advises the public to interpret them with caution. The final Q3 2026 figures are due on 23 October 2026. In Q2, for example, the CCR flash estimate of 2.0% was revised down to 1.8% in the final release.
URA also used the release to remind households that the macroeconomic outlook, including interest rates, "remains highly uncertain", and advised prudence when taking on property loans.
What it means if you are looking at a landed home
An index is an average across many estates and house types, and landed prices vary widely street by street. Still, two consecutive quarters of gains on falling volume suggest that patient sellers are holding firm. For buyers, the practical points are to compare recent caveats on the same street or estate, to check land size and tenure carefully (they drive value far more than the house itself), and to budget for Additional Buyer's Stamp Duty if you already own property.
New freehold landed homes are rare. Aurum Land is currently previewing two detached bungalows at Anagram Homes, Tan Boon Chong Avenue in District 10, after its first collection at Kheam Hock Road sold out. For earlier market data on this site, see our look at landed prices in early 2025. Other landed launches include the Chancery Hill Collection in District 11. WhatsApp Patrick for floor plans, prices and private viewings.
This article is for general information only and is not financial or investment advice. Figures are from the sources below as at their publication dates.
Sources
- URA, Release of flash estimate for 3rd Quarter 2026 private residential property price index, 1 October 2026
- URA, Release of flash estimate for 2nd Quarter 2026 private residential property price index, 1 July 2026
- PropNex, Private home prices gained strength in Q3 2026 while HDB resale prices dipped for the third straight quarter, flash estimates showed, 1 October 2026
