Resale Land Prices rose gradually with recovering market activity in February

In February, the landed home resale market shook off the sluggishness weighed down by the start-of-year festivities. Based on URA Realis caveat data, about 151 landed homes were transacted on the resale market in February 2026; with a combined transaction value came up to $941.5 million - compared to January (142 deals valued at $870.7 million). Upon an analysis of each transaction and their respective gains, most landed deals were profitable.

There was a lower proportion of higher priced landed homes being sold compared with the previous month despite the increase in sales activity. Based on URA Realis caveat data, about 51% of resale landed homes sold in February were priced at $5 million and above, compared with about 52.1% in January. Meanwhile, 49% of the resale landed transactions were priced at below $5 million in February - rising from the 47.9% proportion in the previous month.

Chart 1: Price range of private resale landed transactions in January 2026 vs February 2026

Overall landed home resale prices in February 2026 declined from the previous month, likely due to the seasonal lull and drop in transaction volumes. The overall landed homes resale prices rose by 1% month-on-month (MOM) to $1,931 psf; while prices were up by 0.9% compared to a year before. The month-on-month decline in resale landed prices was consistent across the island. Homes in the Rest of Central Region (RCR) and Outside Central Region (OCR) grew by 2.1% and 1.7% MOM, respectively. Homes in the Core Central Region (CCR), also bucked the trend, falling 2% MOM. By property type, detached homes saw prices declining by 4% MOM, while semi-detached home prices grew 4.2% MOM. Average prices of terraces remained relatively unchanged during the month. (see table 1 below).

Table 1: Average Unit Prices ($PSF) of Resale Landed Homes by month

Resale landed homes performance by property type in February 2026

Table 2: Top 3 resale landed transactions by landed property type, in terms of estimated gains*

Top landed transaction with highest gains (Detached)

The top performing detached home transaction and overall landed transaction for the month was for a detached home along Woo Mon Chew Road in District 15 (Bedok) that was sold for $12.13 million, up by $10.26 million from the last caveat lodged in October 2004 - this reflects an annualised profit of 9.3% after a holding period of over 20 years. The freehold property is situated near Bedok Central and has a land area of more than 7,300 sq ft which reflects a unit price of $1,622 psf on land area.

Top landed transaction with highest gains (Semi-Detached)

The best-performing semi-detached transaction was for the sale of a semi-detached property in Duchess Avenue in Bukit Timah (District 10). It was sold for $10.5 million in February, with its last caveat being lodged in November 2003. The sale price is up by over $8.7 million from the previous caveated price, representing an annualised gain of 8.5% per year over 22 years. The 999-yer leasehold property is situated within the Coronation Garden landed estate and within short walking distance to Tan Kah Kee MRT station.

Top landed transaction with highest gains (Terrace House)

The best-performing terrace home transaction was for a terrace house along Sunset Terrace in Clementi (District 21). The freehold property was sold for $10.5 million, reflecting an estimated gain of $8.4 million, representing an annualised gain of 7% per year from its last caveat lodged in May 2002, with a holding period of nearly 24 years.

If you are looking for high-end homes or good class bungalows in Singapore, contact PropNex's GCB and Prestige Landed department for buying and insights on the landed residential property market.

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