Geopolitics Weigh on Singapore Landed Property Market as H1 2026 Transactions Decline
Middle East tensions and geopolitical uncertainty have weighed on Singapore’s landed property market in the first half of 2026, with both transaction volume and value declining compared with the second half of 2025. A PropNex report released on 26 June showed that total landed transactions fell 24 per cent and total transaction value dropped 22 per cent half-on-half, as buyers adopted a wait-and-see approach.
H1 Transactions
Total Value
Volume vs H2 2025
GCB Deals (to Jun)
Overall Landed Market Performance
According to PropNex’s report, which tracked data up to 7 June, the overall landed property market recorded 869 transactions with a total value of S$5.4 billion in the first half of 2026. This compares with 1,139 transactions worth S$6.95 billion in the second half of 2025, and 1,009 transactions worth S$5.78 billion in the first half of 2025.
Year-on-year, landed transaction volume fell 3.7 per cent, in line with forecasts by several industry players for 2026. PropNex’s head of research and content Huang Xiubao (Wong Siew Ying) noted: “The second half of the landed property market could see an uptrend, or it could also lead to a further slowdown if buyer-seller price expectations do not match, which may cause transaction volumes to stall.”
Good Class Bungalow and Luxury Segments
In the Good Class Bungalow (GCB) segment, there were 10 transactions up to early June with a combined value of S$304 million, significantly lower than the 18 transactions worth S$634 million in the second half of 2025.
However, Huang noted that quality bungalow transactions totalling over S$300 million up to early June represented 10 deals, and projected that the full first half could see fewer transactions than the previous half-year.
In the luxury landed segment (properties above S$10 million), there were 82 transactions with sales value rising 19.3 per cent year-on-year. The sales trend for luxury landed homes showed relative stability. By price range, transactions in the S$10 million to S$15 million bracket accounted for 67.1 per cent of luxury landed deals, while those in the S$15 million to S$20 million range rose to 24.4 per cent from 15.3 per cent, and deals above S$20 million increased to 2.4 per cent.
Frequently Asked Questions
How did landed property transactions perform in H1 2026?
Total landed transactions came in at 869 with a combined value of S$5.4 billion, down 24 per cent in volume and 22 per cent in value compared with the second half of 2025.
What is driving the slowdown?
Middle East geopolitical tensions and uncertainty have dampened buyer sentiment, with some choosing to delay purchases. Persistent inflation and energy cost concerns have also weighed on the market.
How is the GCB segment performing?
The GCB segment recorded 10 transactions worth a combined S$304 million up to early June, significantly lower than the 18 deals worth S$634 million in the second half of 2025.
Are luxury landed prices still rising?
In the luxury segment (above S$10 million), 82 transactions were recorded with sales value up 19.3 per cent year-on-year, suggesting resilience at the top end. Deals in the S$15 million to S$20 million range rose to 24.4 per cent of the total from 15.3 per cent.
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