Singapore Property Market

Q3 2026 Property Data: Condo Prices, Rents and Vacancy

URA's final Q3 2026 numbers: private home prices up 1.4%, rents up 1.3%, vacancy at 7.2%, and the HDB resale index slightly lower.

By Propwise2 min read

Private home prices rose 1.4% in the third quarter of 2026, according to the final URA figures released on 23 October. The index stands at 222.5, its highest level on record. The HDB Resale Price Index went the other way: it fell 0.1% to 202.5.

Private prices: landed and the suburbs led

Private home prices since 1990URA price index for all private homes, Q1 2009 = 100. Quarterly.
  • Policy measures (select one for details)
Private home prices since 1990. The index climbs to a peak of about 130 in the second quarter of 1996, falls to about 72 by the end of 1998, and then recovers. It dips again in 2008 to 2009 and from 2013 to 2017, and stands at about 219 in the second quarter of 2026.0.050.0100.0150.0200.019901995200020052010201520202025222.51996-05-14: Anti-speculation measures, May 1996: seller's stamp duty, tax on short-term gains, 80% loan limit1997-11-18: Property relief, November 1997: seller's stamp duty suspended, land sales deferred1998-06-29: Off-budget property measures, June 1998: land sales suspended, stamp duty deferred2001-10-12: Second off-budget package, October 2001: property tax rebate, stamp duty cut, gains tax removed, land sales eased2005-07-19: Property policy review, July 2005: LTV limit raised to 90%, CPF housing rules eased, foreign ownership rules eased2009-09-14: Interest-only loans and Interest Absorption Scheme disallowed, September 20092010-02-19: Seller's Stamp Duty introduced and LTV limit cut to 80%, February 20102010-08-30: Property cooling measures, August 20102010-08-30: HDB measures after National Day Rally 2010: DBSS income ceiling, 5-year MOP for non-subsidised flats2011-01-13: Property cooling measures, January 20112011-12-07: Additional Buyer's Stamp Duty introduced, December 20112012-10-05: Maximum loan tenure of 35 years and tighter LTV limits, October 20122013-01-11: Property cooling measures, January 20132013-06-28: MAS introduces the Total Debt Servicing Ratio (TDSR) framework2013-08-27: HDB loan and resale measures, August 20132017-03-10: SSD holding period cut to 3 years; TDSR relaxed for equity withdrawal2018-02-19: Budget 2018: top BSD rate raised to 4% above S$1m2018-02-19: Budget 2018: Proximity Housing Grant enhanced2018-07-05: Property cooling measures, July 2018: higher ABSD and lower LTV limits2021-12-15: Property cooling measures, December 2021: higher ABSD, TDSR 55%, HDB loan LTV 85%2022-09-29: Property measures, September 2022: higher TDSR and MSR rate floor, HDB loan LTV 80%, 15-month wait-out2023-02-14: Buyer's Stamp Duty raised for higher-value properties, Budget 20232023-02-14: CPF Housing Grant raised for first-time resale buyers, Budget 20232023-04-26: ABSD rates raised, April 20232024-08-19: HDB loan LTV cut to 75% and Enhanced CPF Housing Grant raised2025-07-03: Seller's Stamp Duty holding period back to four years, rates raised by 4 ppPrivate home prices since 1990. The index climbs to a peak of about 130 in the second quarter of 1996, falls to about 72 by the end of 1998, and then recovers. It dips again in 2008 to 2009 and from 2013 to 2017, and stands at about 219 in the second quarter of 2026.0.050.0100.0150.0200.0199019952000200520102015202020251996-05-14: Anti-speculation measures, May 1996: seller's stamp duty, tax on short-term gains, 80% loan limit1997-11-18: Property relief, November 1997: seller's stamp duty suspended, land sales deferred1998-06-29: Off-budget property measures, June 1998: land sales suspended, stamp duty deferred2001-10-12: Second off-budget package, October 2001: property tax rebate, stamp duty cut, gains tax removed, land sales eased2005-07-19: Property policy review, July 2005: LTV limit raised to 90%, CPF housing rules eased, foreign ownership rules eased2009-09-14: Interest-only loans and Interest Absorption Scheme disallowed, September 20092010-02-19: Seller's Stamp Duty introduced and LTV limit cut to 80%, February 20102010-08-30: Property cooling measures, August 20102010-08-30: HDB measures after National Day Rally 2010: DBSS income ceiling, 5-year MOP for non-subsidised flats2011-01-13: Property cooling measures, January 20112011-12-07: Additional Buyer's Stamp Duty introduced, December 20112012-10-05: Maximum loan tenure of 35 years and tighter LTV limits, October 20122013-01-11: Property cooling measures, January 20132013-06-28: MAS introduces the Total Debt Servicing Ratio (TDSR) framework2013-08-27: HDB loan and resale measures, August 20132017-03-10: SSD holding period cut to 3 years; TDSR relaxed for equity withdrawal2018-02-19: Budget 2018: top BSD rate raised to 4% above S$1m2018-02-19: Budget 2018: Proximity Housing Grant enhanced2018-07-05: Property cooling measures, July 2018: higher ABSD and lower LTV limits2021-12-15: Property cooling measures, December 2021: higher ABSD, TDSR 55%, HDB loan LTV 85%2022-09-29: Property measures, September 2022: higher TDSR and MSR rate floor, HDB loan LTV 80%, 15-month wait-out2023-02-14: Buyer's Stamp Duty raised for higher-value properties, Budget 20232023-02-14: CPF Housing Grant raised for first-time resale buyers, Budget 20232023-04-26: ABSD rates raised, April 20232024-08-19: HDB loan LTV cut to 75% and Enhanced CPF Housing Grant raised2025-07-03: Seller's Stamp Duty holding period back to four years, rates raised by 4 pp

Latest: Private 222.5 (Q3 2026).

The index is a market average, not the price of any single home. Marked policy measures are shown for context only.

Table view
PeriodPrivate homes (URA price index)
Q3 2026222.5
Q2 2026219.4
Q1 2026218.3
Q4 2025216.4
Q3 2025215.1
Q2 2025213.2
Q1 2025211.1
Q4 2024209.4
Q3 2024204.7
Q2 2024206.1
Q1 2024204.3
Q4 2023201.5
Q3 2023196.0
Q2 2023194.4
Q1 2023194.8
Q4 2022188.6
Q3 2022187.8
Q2 2022180.9
Q1 2022174.8
Q4 2021173.6
Q3 2021165.3
Q2 2021163.5
Q1 2021162.2
Q4 2020157.0
Q3 2020153.8
Q2 2020152.6
Q1 2020152.1
Q4 2019153.6
Q3 2019152.8
Q2 2019150.8
Q1 2019148.6
Q4 2018149.6
Q3 2018149.7
Q2 2018149.0
Q1 2018144.1
Q4 2017138.7
Q3 2017137.6
Q2 2017136.6
Q1 2017136.7
Q4 2016137.2
Q3 2016137.9
Q2 2016140.0
Q1 2016140.6
Q4 2015141.6
Q3 2015142.3
Q2 2015144.2
Q1 2015145.5
Q4 2014147.0
Q3 2014148.6
Q2 2014149.7
Q1 2014151.3
Q4 2013153.2
Q3 2013154.6
Q2 2013154.0
Q1 2013152.4
Q4 2012151.5
Q3 2012148.8
Q2 2012147.9
Q1 2012147.2
Q4 2011147.4
Q3 2011147.0
Q2 2011145.1
Q1 2011142.3
Q4 2010139.2
Q3 2010135.5
Q2 2010131.7
Q1 2010125.1
Q4 2009118.4
Q3 2009110.3
Q2 200995.3
Q1 2009100.0
Q4 2008116.4
Q3 2008123.9
Q2 2008126.9
Q1 2008126.7
Q4 2007122.1
Q3 2007114.4
Q2 2007105.6
Q1 200797.6
Q4 200693.1
Q3 200689.6
Q2 200687.3
Q1 200685.8
Q4 200584.5
Q3 200583.3
Q2 200582.3
Q1 200581.9
Q4 200481.3
Q3 200480.7
Q2 200480.4
Q1 200480.3
Q4 200380.6
Q3 200380.7
Q2 200381.1
Q1 200381.6
Q4 200282.3
Q3 200282.6
Q2 200282.2
Q1 200282.8
Q4 200183.8
Q3 200187.6
Q2 200190.3
Q1 200191.1
Q4 200094.9
Q3 200097.6
Q2 2000100.4
Q1 200098.9
Q4 199995.9
Q3 199991.1
Q2 199984.3
Q1 199975.4
Q4 199871.5
Q3 199878.3
Q2 199890.1
Q1 199898.3
Q4 1997108.4
Q3 1997113.0
Q2 1997118.2
Q1 1997119.2
Q4 1996123.7
Q3 1996127.2
Q2 1996129.7
Q1 1996122.3
Q4 1995117.9
Q3 1995112.7
Q2 1995111.1
Q1 1995109.8
Q4 1994106.9
Q3 1994104.5
Q2 199493.6
Q1 199482.1
Q4 199375.1
Q3 199371.1
Q2 199364.9
Q1 199358.3
Q4 199255.3
Q3 199253.8
Q2 199251.8
Q1 199249.9
Q4 199147.6
Q3 199146.8
Q2 199145.6
Q1 199142.1
Q4 199040.3
Q3 199042.0
Q2 199041.8
Q1 199040.9
Policy measures marked on this chart (26)
  • 2025-07-03 Seller's Stamp Duty holding period back to four years, rates raised by 4 pp
  • 2024-08-19 HDB loan LTV cut to 75% and Enhanced CPF Housing Grant raised
  • 2023-04-26 ABSD rates raised, April 2023
  • 2023-02-14 CPF Housing Grant raised for first-time resale buyers, Budget 2023
  • 2023-02-14 Buyer's Stamp Duty raised for higher-value properties, Budget 2023
  • 2022-09-29 Property measures, September 2022: higher TDSR and MSR rate floor, HDB loan LTV 80%, 15-month wait-out
  • 2021-12-15 Property cooling measures, December 2021: higher ABSD, TDSR 55%, HDB loan LTV 85%
  • 2018-07-05 Property cooling measures, July 2018: higher ABSD and lower LTV limits
  • 2018-02-19 Budget 2018: Proximity Housing Grant enhanced
  • 2018-02-19 Budget 2018: top BSD rate raised to 4% above S$1m
  • 2017-03-10 SSD holding period cut to 3 years; TDSR relaxed for equity withdrawal
  • 2013-08-27 HDB loan and resale measures, August 2013
  • 2013-06-28 MAS introduces the Total Debt Servicing Ratio (TDSR) framework
  • 2013-01-11 Property cooling measures, January 2013
  • 2012-10-05 Maximum loan tenure of 35 years and tighter LTV limits, October 2012
  • 2011-12-07 Additional Buyer's Stamp Duty introduced, December 2011
  • 2011-01-13 Property cooling measures, January 2011
  • 2010-08-30 HDB measures after National Day Rally 2010: DBSS income ceiling, 5-year MOP for non-subsidised flats
  • 2010-08-30 Property cooling measures, August 2010
  • 2010-02-19 Seller's Stamp Duty introduced and LTV limit cut to 80%, February 2010
  • 2009-09-14 Interest-only loans and Interest Absorption Scheme disallowed, September 2009
  • 2005-07-19 Property policy review, July 2005: LTV limit raised to 90%, CPF housing rules eased, foreign ownership rules eased
  • 2001-10-12 Second off-budget package, October 2001: property tax rebate, stamp duty cut, gains tax removed, land sales eased
  • 1998-06-29 Off-budget property measures, June 1998: land sales suspended, stamp duty deferred
  • 1997-11-18 Property relief, November 1997: seller's stamp duty suspended, land sales deferred
  • 1996-05-14 Anti-speculation measures, May 1996: seller's stamp duty, tax on short-term gains, 80% loan limit

Source: URA. Data to Q3 2026.

Landed homes rose 2.9% and condos 1.0%. Among condos, the Outside Central Region (OCR) rose 2.3%, the Core Central Region (CCR) rose 0.3% and the Rest of Central Region (RCR) stayed flat. URA’s 1 October flash estimate had the CCR slightly down and the RCR slightly up, so the final numbers moved a little in both.

SegmentChange in Q3 2026
All private homes+1.4%
Landed+2.9%
Condos+1.0%
CCR+0.3%
RCR0.0%
OCR+2.3%

Source: URA. Data to Q3 2026.

Landed homes and the suburbs carried the gain.

What is behind the rise

Fewer new homes sold, yet prices went up. Mark Yip, CEO of Huttons Asia, told EdgeProp that about 1,100 new homes sold in the quarter, the lowest third-quarter number since 1998. He pointed to the Lunar Seventh Month and uncertainty over the US-Iran truce.

Christine Sun, chief researcher at Realion Group, said the mix of sales did the work. Homes sold for S$2 million or more rose from 49.2% to 53.6% of private sales. Among new sales the share rose from 52.3% to 71.7%. When more of the homes sold are expensive ones, the average price rises even if no single home gets dearer.

Huttons also linked the OCR gain partly to higher benchmarks set by projects such as Vela Bay.

Rents and vacancy

Rents rose 1.3% to an index of 164.6. Vacancy moved the other way: 7.2% of private homes were empty at the end of Q3 2026, up from 6.4% the quarter before.

Private home vacancy ratePercent of completed private homes that are vacant at the end of each quarter.
Private home vacancy rate. The vacancy rate moves in a band between about 4 and 9 per cent. It peaked around 2018 and fell to a low in 2021 to 2022 before rising again.0.0%2.0%4.0%6.0%8.0%10.0%2000200520102015202020257.2%Private home vacancy rate. The vacancy rate moves in a band between about 4 and 9 per cent. It peaked around 2018 and fell to a low in 2021 to 2022 before rising again.0.0%2.0%4.0%6.0%8.0%10.0%200020052010201520202025

Latest: Vacancy 7.2% (Q3 2026).

Vacancy is calculated as vacant units divided by units available, using URA counts of completed private homes (landed and non-landed).

Table view
PeriodPrivate homes vacant (%)
Q3 20267.2%
Q2 20266.4%
Q1 20266.2%
Q4 20256.0%
Q3 20256.9%
Q2 20257.1%
Q1 20256.5%
Q4 20246.6%
Q3 20247.2%
Q2 20246.1%
Q1 20246.8%
Q4 20238.1%
Q3 20238.4%
Q2 20236.3%
Q1 20236.0%
Q4 20225.5%
Q3 20225.7%
Q2 20225.4%
Q1 20225.3%
Q4 20216.0%
Q3 20216.4%
Q2 20216.3%
Q1 20216.4%
Q4 20207.0%
Q3 20206.2%
Q2 20205.4%
Q1 20205.4%
Q4 20195.5%
Q3 20196.1%
Q2 20196.4%
Q1 20196.3%
Q4 20186.4%
Q3 20186.8%
Q2 20187.1%
Q1 20187.4%
Q4 20177.8%
Q3 20178.4%
Q2 20178.1%
Q1 20178.1%
Q4 20168.4%
Q3 20168.7%
Q2 20168.9%
Q1 20167.5%
Q4 20158.1%
Q3 20157.8%
Q2 20157.9%
Q1 20157.2%
Q4 20147.8%
Q3 20147.1%
Q2 20147.1%
Q1 20146.6%
Q4 20136.2%
Q3 20136.1%
Q2 20135.6%
Q1 20135.2%
Q4 20125.4%
Q3 20126.1%
Q2 20125.9%
Q1 20126.0%
Q4 20115.9%
Q3 20115.8%
Q2 20115.1%
Q1 20114.9%
Q4 20105.0%
Q3 20105.2%
Q2 20105.4%
Q1 20104.6%
Q4 20095.0%
Q3 20096.2%
Q2 20095.9%
Q1 20095.9%
Q4 20086.1%
Q3 20085.8%
Q2 20086.1%
Q1 20086.3%
Q4 20075.6%
Q3 20075.4%
Q2 20074.9%
Q1 20075.1%
Q4 20066.1%
Q3 20066.6%
Q2 20066.5%
Q1 20067.4%
Q4 20058.4%
Q3 20058.5%
Q2 20058.7%
Q1 20058.8%
Q4 20048.1%
Q3 20048.5%
Q2 20048.3%
Q1 20048.4%
Q4 20037.7%
Q3 20038.1%
Q2 20037.6%
Q1 20037.6%
Q4 20028.5%
Q3 20028.1%
Q2 20028.3%
Q1 20027.6%
Q4 20018.2%
Q3 20017.6%
Q2 20017.1%
Q1 20016.5%
Q4 20006.9%
Q3 20007.9%
Q2 20009.1%
Q1 20008.5%

Source: URA. Data to Q3 2026.

URA counts 48,230 condos in the supply pipeline, meaning homes approved but not yet completed, at the end of the quarter.

HDB resale prices

HDB resale price indexHDB Resale Price Index, 1Q2009 = 100. Quarterly.
  • Policy measures (select one for details)
HDB resale price index. The index slides from about 136 in 2015 to about 131 in 2019, then climbs from 2020 to a peak of about 204 in the third quarter of 2025 and has been flat since, at about 203 in the second quarter of 2026.100120140160180200201620182020202220242026202.52017-03-10: SSD holding period cut to 3 years; TDSR relaxed for equity withdrawal2018-02-19: Budget 2018: top BSD rate raised to 4% above S$1m2018-02-19: Budget 2018: Proximity Housing Grant enhanced2018-07-05: Property cooling measures, July 2018: higher ABSD and lower LTV limits2021-12-15: Property cooling measures, December 2021: higher ABSD, TDSR 55%, HDB loan LTV 85%2022-09-29: Property measures, September 2022: higher TDSR and MSR rate floor, HDB loan LTV 80%, 15-month wait-out2023-02-14: Buyer's Stamp Duty raised for higher-value properties, Budget 20232023-02-14: CPF Housing Grant raised for first-time resale buyers, Budget 20232023-04-26: ABSD rates raised, April 20232024-08-19: HDB loan LTV cut to 75% and Enhanced CPF Housing Grant raised2025-07-03: Seller's Stamp Duty holding period back to four years, rates raised by 4 ppHDB resale price index. The index slides from about 136 in 2015 to about 131 in 2019, then climbs from 2020 to a peak of about 204 in the third quarter of 2025 and has been flat since, at about 203 in the second quarter of 2026.1001201401601802002016201820202022202420262017-03-10: SSD holding period cut to 3 years; TDSR relaxed for equity withdrawal2018-02-19: Budget 2018: top BSD rate raised to 4% above S$1m2018-02-19: Budget 2018: Proximity Housing Grant enhanced2018-07-05: Property cooling measures, July 2018: higher ABSD and lower LTV limits2021-12-15: Property cooling measures, December 2021: higher ABSD, TDSR 55%, HDB loan LTV 85%2022-09-29: Property measures, September 2022: higher TDSR and MSR rate floor, HDB loan LTV 80%, 15-month wait-out2023-02-14: Buyer's Stamp Duty raised for higher-value properties, Budget 20232023-02-14: CPF Housing Grant raised for first-time resale buyers, Budget 20232023-04-26: ABSD rates raised, April 20232024-08-19: HDB loan LTV cut to 75% and Enhanced CPF Housing Grant raised2025-07-03: Seller's Stamp Duty holding period back to four years, rates raised by 4 pp

Latest: HDB 202.5 (Q3 2026).

HDB adjusts for the mix of flats sold: it used stratification up to 3Q2014 and a stratified hedonic regression from 4Q2014 (HDB, data.gov.sg). Quarters appear when HDB publishes the final figure.

Table view
PeriodHDB Resale Price Index
Q3 2026202.5
Q2 2026202.8
Q1 2026203.4
Q4 2025203.6
Q3 2025203.7
Q2 2025202.9
Q1 2025201.0
Q4 2024197.9
Q3 2024192.9
Q2 2024187.9
Q1 2024183.7
Q4 2023180.4
Q3 2023178.5
Q2 2023176.2
Q1 2023173.6
Q4 2022171.9
Q3 2022168.1
Q2 2022163.9
Q1 2022159.5
Q4 2021155.7
Q3 2021150.6
Q2 2021146.4
Q1 2021142.2
Q4 2020138.1
Q3 2020133.9
Q2 2020131.9
Q1 2020131.5
Q4 2019131.5
Q3 2019130.9
Q2 2019130.8
Q1 2019131.0
Q4 2018131.4
Q3 2018131.6
Q2 2018131.7
Q1 2018131.6
Q4 2017132.6
Q3 2017132.8
Q2 2017133.7
Q1 2017133.9
Q4 2016134.6
Q3 2016134.7
Q2 2016134.7
Q1 2016134.7
Q4 2015134.8
Q3 2015134.6
Q2 2015135.0
Q1 2015135.6
Policy measures marked on this chart (11)
  • 2025-07-03 Seller's Stamp Duty holding period back to four years, rates raised by 4 pp
  • 2024-08-19 HDB loan LTV cut to 75% and Enhanced CPF Housing Grant raised
  • 2023-04-26 ABSD rates raised, April 2023
  • 2023-02-14 CPF Housing Grant raised for first-time resale buyers, Budget 2023
  • 2023-02-14 Buyer's Stamp Duty raised for higher-value properties, Budget 2023
  • 2022-09-29 Property measures, September 2022: higher TDSR and MSR rate floor, HDB loan LTV 80%, 15-month wait-out
  • 2021-12-15 Property cooling measures, December 2021: higher ABSD, TDSR 55%, HDB loan LTV 85%
  • 2018-07-05 Property cooling measures, July 2018: higher ABSD and lower LTV limits
  • 2018-02-19 Budget 2018: Proximity Housing Grant enhanced
  • 2018-02-19 Budget 2018: top BSD rate raised to 4% above S$1m
  • 2017-03-10 SSD holding period cut to 3 years; TDSR relaxed for equity withdrawal

Source: HDB. Data to Q3 2026.

HDB’s index is 202.5, -0.6% on a year earlier. Private prices are still rising while HDB prices drift sideways, which widens the gap between the two markets. Our guide to the HDB Resale Price Index shows the last eight quarters.

The dashboard today

IndicatorLatestChangeTrend
URA private price index1Q2009 = 100222.5 (Q3 2026)+1.4% q/q in the Q3 2026 final; +3.4% y/y to Q3 2026Q4 2020 – Q3 2026
Landed homes265.9 (Q3 2026)+2.9% q/q in the Q3 2026 finalQ4 2020 – Q3 2026
Non-landed: CCR / RCR / OCRTrend line: all non-landed homes162.0 / 226.2 / 277.3+0.3% / 0.0% / +2.3% q/q in the Q3 2026 finalQ4 2020 – Q3 2026
New private home sales in the monthFrom developers, excluding ECs. Launch months swing a lot296 (Sep 2026)+16.1% y/yOct 2023 – Sep 2026
Private resales in the monthCaveats, excluding ECs1,170 (Sep 2026)-12.7% y/yOct 2023 – Sep 2026
HDB resale price index1Q2009 = 100202.5 (Q3 2026 final)-0.1% q/q; -0.6% y/yQ4 2020 – Q3 2026
HDB resale transactions in the month2,243 (Sep 2026)+3.2% y/yOct 2023 – Sep 2026
HDB resales at S$1 million or more in the month208 (Sep 2026)+20.9% y/yOct 2023 – Sep 2026
Private home vacancy rate7.2% (Q3 2026)+0.8 pp on the quarter beforeQ4 2020 – Q3 2026
3-month compounded SORA1.26% (22 Oct 2026)+0.04 pp since 22 Sep 2026Oct 2024 – Oct 2026
Bank home-loan packagesLate Sep to early Oct 2026Floating about 1.5–1.8%, fixed about 2.0–2.2%Up after the 16 Sep US rate hike

Source: URA, HDB, HDB resale transactions, MAS (SORA), The Business Times, 2 Oct 2026 (loan packages), CNA, 18 Sep 2026 (loan packages). Index levels and changes are from the official series; sales counts and HDB medians are from URA and HDB transaction data. Provisional (flash) figures are labelled as such. Each trend line shows the period written under it, scaled to its own range; the dot is the latest value.

property price indexurarentsvacancy ratehdb resale prices

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