Market · 2026

Singapore condo resale market trends: what's happening now

By Winfred Quek · 8 minute read · Last reviewed Aug 2026

Quick answer: The Singapore condo resale market has stabilized after 2023 cooling measures and interest rate adjustments. Prices are flat to slightly rising (1 to 3% annually) depending on location. Mature estates with MRT access show strength; fringe areas with heavy new supply are softer. Interest rate sensitivity is high: a 0.5% rate increase noticeably dampens buyer affordability and transaction velocity.

Market snapshot as at August 2026. Check URA and PropertyGuru for current transaction data in your area.

Key Takeaways

Condo resale prices are stable to slightly positive (1 to 3% annually), with winners in central areas and flat demand in fringe zones.
Interest rate rises have reduced buyer affordability, cooling transaction volumes without triggering price crashes.
Locations matter more than ever: prime MRT adjacent areas command premiums; older or distant condos have slower absorption.
New launch pipelines suppress resale demand when significant supply enters the market.
Rental yields on condos are 2 to 3.5% gross; condos are lifestyle purchases, not strong investment plays.

The Singapore condo resale market does not move like HDB. Transaction volumes are smaller, negotiating windows are longer, and days on market metrics vary widely. A property in Tiong Bahru might sell in 4 weeks; an equivalent unit in Lakeside might languish for 6 months. Understanding this volatility and your local supply picture is essential before committing.

Where are prices rising or falling?

Condo prices are heavily location dependent. Generalized statements about "the market" often miss the real story.

Strength: mature estates with MRT access

Tiong Bahru, Bedok, Marine Parade, and Cairnhill show consistent 2 to 3% annual price appreciation. These estates have long histories, established communities, and excellent MRT connectivity. Buyer demand is steady; supply is limited. Resale in these areas typically moves quickly, and sellers have pricing power.

Flat: non-mature estates without MRT

Lakeside, Punggol Coast, Sengkang, and other newer zones are experiencing flat to slight price decline. New launch supply competes directly with resale. Buyers prefer new with warranties and flexible payment plans over older stock. Resale absorption is slower, and sellers must accept lower prices or longer listing windows.

Cooling: areas with heavy pipeline supply

Zones with significant upcoming new launches (planned housing densification, mixed use developments) see resale softness. Buyers wait for new launches or opt for resale at discounts. Monitor URA's project pipeline to identify areas likely to see supply driven resale compression.

How have interest rates shaped demand?

Interest rates are the single largest determinant of condo buyer affordability. A $1M condo with 25% down ($250,000) and 25 year financing:

At 3.0% = $3,370/month
At 3.5% = $3,550/month (up $180, or 5%)
At 4.0% = $3,733/month (up $363, or 11%)

This monthly cost sensitivity directly translates to buyer pool size. A $50,000 jump in monthly income capacity occurs with every 100 basis point drop in rates. When rates rose sharply in 2022–2023, many buyers dropped out of the market entirely. The result was lower transaction volumes, not necessarily lower prices, because supply also contracted as sellers held off selling into weak conditions.

Is it a buyer's or seller's market?

As at August 2026, the market is balanced, leaning slightly toward buyers.

Buyer advantage: more inventory choices. Lower transaction volumes mean more units available to browse. Buyers have more negotiating leverage and can walk away from unfavorable deals.

Seller disadvantage: longer marketing time. Days on market have increased. Sellers are competing for a narrower pool of motivated buyers. Strategic pricing becomes critical.

Exception: prime locations. Tiong Bahru, Cairnhill, and similar trophy addresses remain sellers' markets. Limited supply and strong demand mean tight inventories and fast sell throughs.

Frequently asked questions

What does URA transaction data tell me about resale prices?

URA publishes quarterly condo transaction data by project and price band. This is the ground truth. Compare average prices per square foot across projects in your target area; use this as your negotiating anchor. Avoid asking prices; use transacted prices as your reference point.

Should I invest in a condo for rental income?

Condo rental yields are typically 2 to 3.5% gross (rent divided by property cost). After maintenance, management, property tax, and financing costs, net yields often drop below 1.5%. Compare this to HDB rental yields, which run 3 to 4% gross, or stock market alternatives. Condos can work as rental investments in high demand areas with strong tenant pools, but they are not a high yield asset class. Buy for the location and personal fit, not the yield.

What is the best time to sell a condo?

Market timing is notoriously difficult. Condo resales take longer than HDB; plan to list 4 to 6 weeks before you want to vacate. Price competitively based on recent comps and URA data; overpricing kills momentum. If you have flexibility, list during good seasons (post Chinese New Year, before year end holidays) when transaction volumes are higher. If you must sell urgently, be ready to price at or below recent comps.

How do new launch projects affect resale prices?

New launch supply competes directly with resale. Buyers often prefer new units with warranties, developer financing flexibility, and modern layouts. When new supply floods a market, resale prices soften because sellers must discount to compete. Monitor URA's pipeline to understand upcoming supply pressure in your area.

Sources & References

Winfred Quek is an Associate Marketing Consultant at Crestbrick Pte Ltd (CEA Licence No. L31010886H), CEA Registration No. R073319H. The information on this page is general in nature and does not constitute financial, legal, or investment advice. Market conditions are subject to change. Always conduct independent due diligence and consult qualified professionals before making any investment decisions. As at 2026-08-27.

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