Resale Land Prices rose gradually with recovering market activity in April

In April, sales momentum in the landed home resale market maintained steam, despite growing market uncertainties and a slight uptick in interest rates. Based on URA Realis caveat data, about 144 landed homes were transacted on the resale market in April 2026; with a combined transaction value came up to $960.4 million - compared to March (153 deals valued at slightly over $921.5 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 that came amid a slowdown in sales activity. Based on URA Realis caveat data, about 52.8% of resale landed homes sold in April were priced at $5 million and above, compared with about 50.3% in March. Meanwhile, 47.2% of the resale landed transactions were priced at below $5 million in April - rising from the 49.7% proportion in the previous month.

Chart 1: Price range of private resale landed transactions in March 2026 vs April 2026

Overall landed home resale prices in April 2026 improved from the previous month, despite the slightly lower sales volumes. The overall landed homes resale prices rose by 6.2% month-on-month (MOM) to $2,136 psf; while prices were up by 13.7% compared to a year before. By region, homes in the Core Central Region (CCR) and Outside Central Region (OCR) expanded by 17.2% and 5.9% MOM, respectively. Landed home prices in the Rest of Central Region (RCR), bucked the trend, with prices correcting by 6.1% MOM. By property type, semi-detached homes bucked the month-on-month expansion trend, with prices slipping by 0.5% MOM. Meanwhile detached home and terrace home prices grew 18.8% and 14.9% MOM, respectively. (see table 1 below).

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

Resale landed homes performance by property type in April 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 Good-class Bungalow (GCB) along Morley Road in District 10 (Bukit Timah) that was sold for $38.6 million, up by $31.2 million from the last caveat lodged in December 1995 - this reflects an annualised profit of 5.6% after a holding period of over 30 years. The freehold GCB property is situated within the Belmont GCB area in Bukit Timah and has a land area of more than 15,800 sq ft which reflects a unit price of $2,428 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 Jalan Unggas in Novena (District 11). It was sold for $11.5 million in April, with its last caveat being lodged in March 1999. The sale price is up by over $9.5 million from the previous caveated price, representing an annualised gain of 6.7% per year over 27 years. The corner semi-detached house property is situated within the Novena planning area and within walking distance to Botanic Gardens MRT interchange.

Top landed transaction with highest gains (Terrace House)

The best-performing terrace home transaction was for a terrace house along Ming Teck Park in Bukit Timah (District 10). The freehold property is situated in the Ming Teck Park landed estate, and was sold for $9 million, reflecting an estimated gain of $7.35 million, representing an annualised gain of 6.5% per year from its last caveat lodged in April 1999, with a holding period of nearly 27 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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