1 in 5 Prime-Region Private Home Resales Made a Loss in Q3, as Islandwide Losses Hit a Four-Year High
Nearly one in five private homes resold in the Core Central Region (CCR) in Q3 2026 changed hands at a loss, according to Cushman and Wakefield analysis for The Business Times. Islandwide, the share of loss-making deals rose to 4.6 per cent, the highest since Q2 2022, though the vast majority of sellers still made money.
CCR Deals at a Loss
Islandwide, Up From 3.7%
Median Gain of Profitable Deals
Loss-Making Deals of 2,021
Where the Losses Are
| Region | Q3 2026 | Q2 2026 |
|---|---|---|
| Core Central Region | 19.5% | 17.7% |
| Rest of Central Region | 4.5% | 2.7% |
| Outside Central Region | 1.6% | 1.3% |
| Islandwide | 4.6% | 3.7% |
Share of private resales (homes bought within the preceding 10 years) sold at a loss. Source: URA caveats, Cushman and Wakefield.
The Biggest Losses and Gains
Largest percentage loss: a 710 sq ft unit at Marina One Residences sold for S$1.25 million in August, about 32 per cent below the S$1.83 million paid in July 2018.
Largest dollar loss: a 1,604 sq ft unit at OUE Twin Peaks sold for S$3.88 million, about S$1 million below its 2017 purchase price.
Largest dollar gain: a 4,704 sq ft unit at Leedon Residence sold for S$14.3 million, a profit of S$3.75 million on its 2017 price. All five of the biggest dollar gains were freehold.
Largest percentage gains: executive condominiums led again, with five Hundred Palms Residences units gaining between 139 and 164 per cent. Excluding ECs, The Sea View topped the list, with a 1,410 sq ft unit selling for S$4.1 million, 88.1 per cent above its 2016 price.
The figures exclude transaction costs such as stamp duties.
Margins Are Narrowing
The median gain on profitable resales fell to 24.8 per cent in Q3, from a peak of 30.4 per cent in Q2 2025. All five of the biggest percentage losses were 99-year leasehold units in the CCR. Cushman and Wakefield expects buyers to grow more selective, with resale performance varying more widely by project.
Frequently Asked Questions
What share of CCR resales made a loss in Q3 2026?
19.5 per cent, up from 17.7 per cent in Q2.
What was the islandwide share?
4.6 per cent, the highest since Q2 2022, when it was 6.9 per cent.
Which homes made the biggest gains?
Executive condominiums, led by Hundred Palms Residences, with gains of up to about 164 per cent.
Do these figures include stamp duty?
No. They exclude transaction costs such as buyer’s and seller’s stamp duties.
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