Resale Condo Market Watch in February 2026

Jean Choo Senior Research Analyst

PerspectivesMarch 18, 2026

Pick up in resale condo market activity in February

Sales momentum in the overall property market picked up gradually in February, including the resale condo market. About 810 condo units worth $1.69 billion was resold during the month - compared with the 808 resale transactions valued at $1.64 billion transacted in January.

The resale home market got off to a slow start to 2026 as the property market gradually shakes off the sluggishness of the year-end festivities. Activity in the new sale market remained muted with just 244 non-landed new units transacted, due to a lack in major new launches during the lunar new year festivities. In February, resales accounted for the majority of non-landed transactions (74.4%), while new sale deals accounted for just 22.4% of transactions (see Chart 1).

Chart 1: Proportion of private non-landed transactions (excl. EC) by sale type by month

Despite the muted new launch activity during the month, the average unit price of new non-landed homes remained resilient. The average new sales price grew by 1.8% month-on-month (MOM) to $2,718 psf in February, while the average resale unit price inched up by 0.9% MOM. As such, the new sale and resale price gap grew from 48.3% in January (see Chart 2), to 49.5% in February.

Chart 2: New sale and Resale Price gap of non-landed homes (overall) by month

Improving gains amongst resale transactions

In terms of profitability, resale condo units transacted in February saw slightly lower gains compared with the previous month. Analysing the profits reaped by resale non-landed private homes in January 2026 and February 2026, it was found that resale condo deals in February garnered more profits. The proportion of loss-making transactions was lower in February 2026 over the previous month. The resale profit analysis involves computing gains achieved for the units by matching the condo resale transactions in January against their respective previous purchase price, according to caveats lodged.

The study showed that 15.5% of resale condo transactions (117 deals) in February made more than $1 million in profits, a higher proportion compared with January (13.6%). Of these million-dollar profit-making deals, the deals are evenly distributed amongst the three market segments, 37% in the Rest of Central Region (RCR), 33% in the Core Central Region (CCR) homes and 30% in the Outside Central Region (OCR). Loss-making deals in February accounted for 3.8% of transactions, slightly lower compared with the proportion of loss-making deals (4.8%) in January (see Chart 3).

Chart 3: Proportion of profit quantum of resale non-landed transactions (January 2026 vs February 2026)

The average profit was subsequently computed on a project basis. To minimise sampling errors, resale condominium projects that posted fewer than three transactions during the month are excluded from the study. Based on URA Realis caveat data analysed by PropNex Research, the most profitable condo in the CCR, was Leedon Residence in District 10, which pulled in an average profit of $1.67 million across three transactions in February. Leedon Residence was also the overall best performing project in terms of average profit quantum in February.

In the RCR, the most profitable condo development in February was Casuarina Cove, a project located in District 15, which achieved an average profit of $1.13 million, across three transactions. In the heartlands or Outside Central Region (OCR), the most profitable project was Costa Del Sol in District 16 which garnered an average profit of $1.27 million across three transactions.

Top Resale Condo projects^ in terms of average gross profit* by region (February 2026)

Project Name	No. of transactions	Average Profit Gained ($)	Average Annualized Profit (%)#	Year completed	District
CCR
LEEDON RESIDENCE	3	$1,667,380	2.9%	2015	10
D'LEEDON	3	$1,137,397	2.9%	2014	10
MARTIN MODERN	4	$277,576	1.6%	2021	9
RCR
CASUARINA COVE	3	$1,134,667	3.8%	1996	15
SIMSVILLE	3	$1,044,233	3.8%	1998	14
THOMSON THREE	3	$889,000	4.3%	2016	20
OCR
COSTA DEL SOL	3	$1,272,067	3.2%	2003	16
THE PARC CONDOMINIUM	4	$1,072,710	4.6%	2010	5
SUNGLADE	3	$1,031,937	4.4%	2003	19

Source: PropNex Research, URA Realis^projects with fewer than 3 transactions in the month are excluded from this analysis
*Gains are derived from the resale transaction for each unit against the unit's last caveated transaction; the average profit is determined on the profits of all resale transactions in the development which occurred during the month. The profit reflected is gross - it has not accounted for the applicable seller's stamp duties, interest payable, taxes and other relevant divestment costs.
#Annualised Gains is the compounded annual rate of return which shows the rate of return over the time period between the point of resale and the property's last caveated transaction, expressed in annual percentage terms. The formula for determining this is simply: [(current resale price) / (purchase price)] time period in years-1
Analysis was done based on available data from URA Realis

Going by districts, resale homes in District 11 (Novena, Watten Estate) raked in the highest profits on quantum basis, with transactions reaping average gains of nearly $950,000 per deal. In terms of annualised gains, resale homes in District 18 (Pasir Ris, Tampines) enjoyed an average annualised profit of 4.9% per deal.

Top 10 Resale Condo districts^ in terms of average gross profit* (February 2026)

District	No. of transactions**	Average Gains ($)	Average Annualised Gains (%)#
D11	21	$949,616	3.4%
D15	74	$879,649	4.0%
D10	57	$873,683	2.7%
D21	19	$857,828	4.1%
D20	20	$761,537	4.6%
D22	25	$642,571	4.3%
D16	35	$635,867	3.4%
D5	57	$544,614	4.1%
D14	45	$519,136	4.3%
D19	79	$498,284	4.4%

Source: PropNex Research, URA Realis^Districts with fewer than 10 transactions during the month were excluded from this analysis
*Gains are derived from the resale transaction for each unit against the unit's last caveated transaction; the average profit is determined on the profits of all resale transactions in the development which occurred during the month. The profit reflected is gross - it has not accounted for the applicable seller's stamp duties, interest payable, taxes and other relevant divestment costs.
#Annualised Gains is the compounded annual rate of return which shows the rate of return over the time period between the point of resale and the property's last caveated transaction, expressed in annual percentage terms. The formula for determining this is simply: [(current resale price) / (purchase price)] time period in years-1Analysis was done based on available data from URA Realis
**Resale units with no available last caveated transaction data are excluded from this analysis

Analysing individual transactions by gross profit quantum, it was found that the top five gainers from each region ranged from $1.6 million to $3.8 million. The units which chalked up bigger gains were mostly sizeable large format condos that are more than 1,300 sq ft in size, and consisted mostly of older projects built in the 1980s to early 2000s. The respective holding periods for the most profitable resale properties were mostly beyond 16 years - the oldest being a unit held for 28 years.

Top 5 Resale Condo transactions in February 2026 by gross profit by region

*Source: PropNex Research, URA Realis*
*Gains are derived from the resale transaction for each unit against the unit's last caveated transaction; the average profit is determined on the profits of all resale transactions in the development which occurred during the month. The profit reflected is gross - it has not accounted for the applicable seller's stamp duties, interest payable, taxes and other relevant divestment costs.
#Annualised Gains is the compounded annual rate of return which shows the rate of return over the time period between the point of resale and the property's last caveated transaction, expressed in annual percentage terms. The formula for determining this is simply: [(current resale price) / (purchase price)] time period in years-1Analysis was done based on available data from URA Realis
**Resale units with no available last caveated transaction data are excluded from this analysis

It was found that the overall most profitable transaction and top gainer in the CCR was for a 14th floor unit at Melrose Park. It was resold for an estimated profit of $3.55 million, reflecting an annualised profit of 4.9%. Based on URA Realis caveat data, the 1,701-sq ft unit was first bought in January 1999 and subsequently resold for $4.88 million in February 2026, with a holding period of 27 years. The 999-year leasehold project within the Tanglin, River Valley area and was built in 2000. The project is situated just next to Great World City mall and Great World MRT station on the Thomson-East Coast Line (TEL).

The top gainer in the RCR in terms of gross profit was for unit transacted at The Waterside in District 15, which fetched a gross profit of $3.8 million (annualised profit of 4.3%), based on caveats lodged. The 2,411-sq ft 7th floor unit was sold for $5.5 million, with a holding period of nearly 28 years. The freehold project located in Tanjong Rhu was built in 1992 and situated within close proximity to Katong Park MRT station.

Over in the OCR, the top gainer in February was a 5th floor unit located in Thomson Grove in District 26. The 2,896-sq ft unit was sold for $4.18 million, achieving an estimated profit of $3.29 million - which reflects an annualised profit of 5.9% over a holding period of nearly 27 years. The condo development in Marine Lentor was built in 1984, and it is situated at the door step of Lentor MRT station along the Thomson East Coast Line (TEL).

Amid lowering interest rates and rising new launch prices, condo resellers may stand to benefit as some homebuyers may find themselves priced out of the new launch market and could consider options in the resale segment.