Q1 2026 Luxury Non-Landed Home Sales Flat at 79 Units as Total Value Hits $668.8 Million
Luxury Market | Lianhe Zaobao | 15 May 2026
Singapore’s luxury non-landed residential market recorded 79 transactions in Q1 2026, broadly flat quarter on quarter but up about 10 per cent year on year, according to Huttons Asia data. Total transaction value reached $668.8 million, while 18 units changed hands above the $10 million mark.
Units Sold
Total Value
YoY Increase
Units Above $10M
Q1 2026 Sales Volume and Value
Luxury non-landed home sales totalled 79 units in the first quarter of 2026, broadly unchanged from the previous quarter but representing an increase of about 10 per cent compared with Q1 2025. Total transaction value came in at $668.8 million, up 4.7 per cent quarter on quarter and 9.4 per cent year on year.
Of these, 18 units were transacted above $10 million each, a 38.5 per cent jump from the previous quarter and a 5.9 per cent rise year on year, according to data from Huttons Asia.
Ultra-High-Net-Worth Demand and Safe Haven Appeal
Mark Yip, CEO of Huttons Asia, attributed the steady demand to geopolitical uncertainty, noting that ongoing conflict in the Middle East has driven ultra-high-net-worth individuals to seek safe haven destinations such as Singapore. The city-state’s political stability, transparent legal framework and strong currency continue to underpin its appeal to global wealth.
Geopolitical risk remains a key concern among ultra-high-net-worth buyers, and Singapore’s reputation as a safe and neutral jurisdiction has supported sustained interest in the luxury segment.
Luxury Rental Market
The luxury rental segment recorded 577 units leased in Q1 2026, a 3.2 per cent increase year on year but a 7.1 per cent decline from the previous quarter. The quarterly dip suggests some seasonal softening, though the year-on-year growth points to continued underlying demand from expatriate tenants and relocating professionals.
Good Class Bungalow Market
The good class bungalow (GCB) market remained subdued in Q1 2026 compared with Q4 2025, though activity was better than the same period a year earlier. GCBs remain tightly held by long-term owners, and transactions tend to be lumpy and sentiment-driven rather than following consistent quarterly patterns.
Frequently Asked Questions
How many luxury non-landed homes were sold in Q1 2026?
A total of 79 luxury non-landed homes were transacted in Q1 2026, broadly flat quarter on quarter but up about 10 per cent year on year, according to Huttons Asia data.
What was the total value of luxury non-landed transactions?
Total transaction value reached $668.8 million in Q1 2026, up 4.7 per cent from the previous quarter and 9.4 per cent higher than Q1 2025.
How many units sold above $10 million?
Eighteen units changed hands above $10 million in Q1 2026, a 38.5 per cent increase from the previous quarter and 5.9 per cent higher year on year.
What is driving demand in the luxury segment?
Mark Yip, CEO of Huttons Asia, cited geopolitical uncertainty including the Middle East conflict as a factor driving ultra-high-net-worth individuals to safe haven destinations such as Singapore.
How did the luxury rental market perform?
The luxury rental segment recorded 577 units leased in Q1 2026, up 3.2 per cent year on year but down 7.1 per cent from the previous quarter.
Source
Lianhe Zaobao, 15 May 2026
Exploring the Luxury Market?
Whether you are buying or selling a premium non-landed home, our team offers discreet, market-informed advisory.