Limited supply and resilient demand are expected to support the housing market.
Singapore’s private residential market is expected to remain resilient through 2026, supported by limited supply in select locations, sustained buyer demand and long-term confidence in housing as a store of value, according to Savills.
The consultancy said the strong take-up rates recorded in Q1 2026 were largely anticipated, given the limited number of project launches and the unique attributes of most developments brought to market. Looking ahead, Savills expects take-up rates for new launches to depend on both the volume of competing projects and their locations, with developments in areas that have seen little recent supply likely to benefit from pent-up demand and stronger absorption.
Savills also noted that recent policy changes affecting executive condominium (EC) purchases could have spillover effects on the private residential market, particularly in the Outside Central Region (OCR). With payment schemes for new EC launches now more closely aligned with private residential projects, some buyers may increasingly view private developments as viable alternatives, potentially redirecting demand into the private housing segment.
The consultancy expects the narrowing price gap between the Rest of Central Region (RCR), certain OCR locations and the Core Central Region (CCR) to boost interest in CCR projects, particularly those located near amenities, reputable schools and areas with limited recent supply. Strong sales in such developments could establish new pricing benchmarks and support values in surrounding resale markets.
While much of Singapore has already undergone significant price recalibration during 2024 and 2025, Savills believes another broad-based market re-benchmarking is unlikely in the near term. Despite geopolitical tensions and economic uncertainty, the market has remained supported by long-standing expectations of capital appreciation in residential property.
As a result, Savills has maintained its forecast for Singapore private residential prices to rise by approximately 3% in 2026.