Will Property Prices Drop in 2026 Singapore?

Will property prices drop in 2026 Singapore? Many buyers are hoping so, but the data tells a different story. With fewer new launches, rising land costs, and tighter inventory, Singapore private property prices 2026 are forming higher benchmarks. This blog breaks down the numbers behind Singapore new launch benchmarks, shows where existing condo stock below market price still exists, and explains why waiting may cost more. Read on to see where today’s opportunities are before prices reset higher.

1/3/20263 min read

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Why Waiting for Prices to Fall in 2026 Could Cost You More

Many buyers entering 2026 are asking the same question: “Will property prices drop in 2026 Singapore?”

It’s a fair question. But when we look at supply, land costs, pricing benchmarks, and inventory levels, the data points clearly in the opposite direction. Singapore private property prices in 2026 are expected to trend higher rather than lower.

Data source: BusinessTimes – “New private home prices to hit new highs in 2026 as supply tightens” (Dec 30, 2025)

Fewer New Launches in 2026 Means Less Choice

The number of new private residential projects expected in 2026 is lower than in 2025, with approximately 17% fewer units launched. A smaller launch pipeline reduces buyer choice, particularly in well-located developments. When supply tightens and demand remains relatively resilient, price pressure tends to build.

This forms an important backdrop to rising Singapore new launch benchmarks.

Land Costs Have Already Reset Higher

Land costs underpin new launch pricing, and they have risen meaningfully across all regions:

CCR: +7.9%
RCR: +8.3%
OCR: +26.6%

These higher land costs are already embedded in development economics. As a result, future launches will need to be priced at higher levels to remain commercially viable. This represents a structural cost shift, rather than a short-term fluctuation.

New 2026 Price Benchmarks Are Forming

Against this backdrop of higher land costs and fewer launches, new pricing benchmarks are forming for 2026:

OCR: ~S$2,400 psf
RCR: ~S$2,600 psf
CCR: ~S$3,500 psf

These levels are based on recent land bids, construction costs, and market acceptance observed in 2025. Historically, once new benchmarks are established, they tend to hold unless there is a significant external shock.

Inventory Remains Below Historical Norm

Despite continued project launches, unsold inventory remains below the 10-year average heading into 2026, largely due to strong take-up in 2025. With overall supply still constrained, pricing flexibility for developers remains limited, reducing the likelihood of broad-based price softening.

Where Buyers May Still Find Opportunity

While upcoming launches are expected to reflect higher 2026 benchmarks, some existing stock continues to be priced on earlier cost bases, relative to newer supply. These units were launched prior to the most recent land cost increases and therefore sit on a different pricing foundation.

As these units are gradually absorbed, replacement supply is likely to reflect higher costs. For buyers who already intend to purchase within the next one to three years, this period may offer an opportunity to secure pricing ahead of the next reset.

A Simple Next Step: Affordability Planning

If you are still exploring your options, a short affordability planning session can bring clarity very quickly.

During the session, buyers receive an instant assessment of their maximum purchase price across different property types, factoring in CPF usage and available cash. This removes guesswork from the start.

Buyers also gain a clear understanding of the income and monthly savings realistically required to achieve their desired home, instead of relying on rough assumptions.

More importantly, the session helps distinguish what is practical versus what is not, saving time, stress, and disappointment further down the road.

Where appropriate, buyers are also shown immediate, viable purchase alternatives, allowing them to take action with confidence rather than waiting without direction.

No pressure. No sales theatrics.

Just clear numbers, realistic options, and a sensible path forward as prices rise and choices narrow.