June Non-Landed Private Home Resale Volume Rises 4.2% to 1,042 Units as Prices Edge Up 0.1%

99.co chief data officer Luqman Hakim said: “Looking at June’s resale prices, they largely remained unchanged, suggesting the market has entered a relatively balanced phase rather than a major fall.” Compared with June last year, resale volume was up 7.2 per cent, while overall prices rose 3.7 per cent year on year.

By submarket, the Core Central Region (CCR) luxury segment and the Outside Central Region (OCR) mass market saw resale prices dip 0.6 per cent and 0.4 per cent respectively month on month. Only the Rest of Central Region (RCR), representing mid-tier private homes, posted a 1.4 per cent month-on-month increase.

In terms of volume, the OCR contributed almost half of total resale transactions at 48.3 per cent, followed by the RCR at 31.7 per cent and the CCR at 20.1 per cent.

SRI research and data analytics head Mohan Sandrasegeran told Zaobao that the first half of 2026 saw relatively few private home completions (excluding ECs), with only about 1,611 completed units in H1, down about 30 per cent from 2,329 units in H1 2025.

However, private home completions are expected to surge significantly in the second half of the year, with an estimated 5,012 units (excluding ECs) set to be completed. This increased supply, combined with strong owner-occupier demand, a robust labour market and relatively favourable interest rate environment, should help absorb the additional supply.

Newmark’s head of research Wong Shanting also expects more resale private homes to come onto the market. In areas where no new projects have recently been launched, more homebuyers are expected to turn to the resale market, especially for newly completed projects.