Singapore Property Market, May 2026: New Home Sales Ease to 447 Units as Condo Resale Prices Rise 1.3%
May 2026 was a quiet month for new homes because only one major project launched: developers sold 447 units. The resale market firmed instead. Condo resale prices rose 1.3% and HDB resale prices edged up 0.3%, while 166 HDB flats sold for $1,000,000 or more. Here are the key numbers from the July 2026 issue of our monthly market brief.
New Homes Sold, May 2026
Condo Resale Prices, Month on Month
HDB Resale Prices, Month on Month
HDB Flats Sold at $1,000,000 or More
Market at a Glance
| Segment | May 2026 | Change on April | Change on a year ago |
|---|---|---|---|
| New private homes sold (excluding Executive Condominiums) | 447 units | -71.1% | +43.3% |
| Condo resale price index | 281.0 | +1.3% | +3.7% |
| Condo resale volume | 989 units | -8.9% | +0.7% |
| Condo rental index | 144.6 | -0.6% | +1.9% |
| Condo rental volume | 5,853 units | -9.8% | +4.2% |
| HDB resale price index | 208.9 | +0.3% | +0.2% |
| HDB resale volume | 2,139 flats | +10.1% | -6.3% |
| HDB rental index | 144.3 | -0.3% | +1.1% |
| HDB rental volume | 2,595 flats | -7.7% | Broadly unchanged |
Sources: URA developer sales; HDB; condo and HDB flash estimates for May 2026 as reported by The Business Times, The Straits Times and Lianhe Zaobao. May volumes are flash estimates, and April figures have been revised since our previous issue.
New Homes: One Launch, a Quieter Month
Hudson Place Residences at one-north sold 209 of its 327 units at a median $2,465 psf, about 47% of all new home sales. That lifted the city fringe to 334 units, about three quarters of the month. The suburbs sold 91 units and the prime districts 22, a five-month low.
| Project | Region | Units sold in May | Median psf |
|---|---|---|---|
| Hudson Place Residences | RCR | 209 | $2,465 |
| Coastal Cabana (Executive Condominium) | OCR | 29 | $1,827 |
| The Continuum | RCR | 19 | $2,752 |
| Union Square Residences | RCR | 19 | $2,800 |
| One Marina Gardens | RCR | 18 | $2,976 |
Source: URA, best-selling projects in May 2026 including Executive Condominiums.
Executive Condominium sales eased to 46 units. New rules for Executive Condominium land sold after 8 May add a 10-year Minimum Occupation Period and remove the deferred payment scheme, which appears to have pulled some purchases forward. About 4,008 new homes were sold in the first five months. See our new home sales tracker for the monthly series.
Condo Resale and Rental: Prices Up, Rents Off the Record
About 989 condos were resold, 8.9% fewer than in April. Prices rose 1.3%, led by the prime districts at 3.7% and the suburbs at 1.6%, while the city fringe slipped 0.7%. The median resale gain rose to $419,000, and the top deal was $19,280,000 at Reflections At Keppel Bay.
Condo rents eased 0.6% to 144.6 after April’s record but stayed 1.9% above a year earlier. About 5,853 units were rented, 7.4% above the five-year May average.
HDB: Prices Edge Up, Buyers Return
About 2,139 HDB flats were resold, up 10.1% on April but 6.3% fewer than a year earlier. The resale index rose 0.3% to 208.9, reversing April’s dip. 5-room and Executive flats each gained about 1.0% and 4-room flats 0.2%, while 3-room flats eased 0.3%.
166 flats sold for $1,000,000 or more, up from 138 in April and 7.8% of all resales. A 5-room flat at The Pinnacle @ Duxton led at $1,630,000, and Bukit Merah had the most such sales at 22. Our million-dollar HDB flats tracker follows the count month by month.
HDB rents eased 0.3% to 144.3. The issue also explains the new Standard, Plus and Prime tiers using the June 2026 BTO exercise of 6,952 flats. Plus and Prime flats carry a 10-year Minimum Occupation Period and return part of the resale price to HDB, from 8% to 14% for the June projects; Standard flats keep the 5-year period.
Read the full issue: download the July 2026 brief (PDF), or browse every issue since January 2024 on our market insights page.
Frequently Asked Questions
How many new private homes were sold in May 2026?
447 units, excluding Executive Condominiums, down 71.1% from 1,548 in April but 43.3% more than the 312 sold in May 2025.
How did Hudson Place Residences sell at launch?
It sold 209 of its 327 units in May 2026, about 64%, at a median $2,465 psf.
What is the difference between Standard, Plus and Prime BTO flats?
Standard flats have a 5-year Minimum Occupation Period and no subsidy recovery. Plus and Prime flats have a 10-year period, cannot be rented out whole, and return a share of the resale price to HDB.
How many million-dollar HDB flats were sold in May 2026?
166 flats, 7.8% of all resales. The highest was a 5-room flat at The Pinnacle @ Duxton at $1,630,000.
Thinking of selling while prices are firm?
I can prepare an indicative valuation of your home and talk you through the timing.