Insightful Property Reports

Private new home sales in May fell to a three month low amid limited new launches Developers’ sales fell to a three month low in May 2026 owing to limited new launches in the month There were 447 new homes (ex ECs) transacted in May, marking a sharp 71 1 decline from the 1 548 new units sold in the previous month. This is the lowest monthly new home sales tally since 246 units (ex EC) changed hands in February 2026

Developers’ sales rose to a 6 month high in April 2026 on brisk sales at two mass market project launches Sales of new private homes surged to a six month high in April 2026 as two mass market new launches supercharged sales Developers sold 1 548 new homes (ex EC) during the month, marking a 19 increase from the 1 300 units transacted in March It is also the highest monthly sales since 2 424 units (ex EC) were sold in October 2025.

Developers’ sales surged to 5 month high in March 2026 on strong demand for new project launches Executive Condominium sales remain robust.

The office property market remained resilient in Q1 2026, supported by tightening vacancies and stable rentals. Meanwhile, the office price index snapped a five-quarter streak of decline, amid a supply squeeze and renewed investment interest. Notable deals done in the quarter included 78 Shenton Way, and 158 Cecil Street. However, the strata office market saw muted sales with fewer caveated transactions.

Industrial property prices and rents continued to post steady, albeit slower growth in Q1 2026, supported by resilient economic conditions and stable manufacturing activity. However, transaction momentum has moderated in the first quarter, following the surge in sales that pushed quarterly transaction values to an eight-year high in the preceding quarter. Advance estimates from the Ministry of Trade and Industry (MTI) indicate that Singapore’s economy expanded by 4.6% year-on-year (YOY) in Q1 2026, moderating from the 5.7% YOY growth recorded in the previous quarter. For the full year, MTI has projected GDP growth of between 2% and 4%, although downside risks have increased since the publication of the projections. Deputy Prime Minister Gan Kim Yong has said that the MTI will monitor developments closely and will update Singapore’s GDP forecast in May. The manufacturing sector recorded a 5.0% YOY expansion in Q1 2026, easing from the 11.4% YOY growth in Q4 2025. Growth during the quarter was primarily supported by output gains in the electronics, transport engineering and precision engineering clusters, which offset output declines in the biomedical manufacturing, general manufacturing and chemicals segments.

Shophouse market activity was tempered in Q1 2026, with sales moderating from preceding quarters to a near three-decade low. This comes against a backdrop of slower economic growth in Singapore, and fresh uncertainties arising from the war in the Middle East.According to advance estimates from the Ministry of Trade and Industry (MTI), the Singapore economy grew by 4.6% year-on-year (YOY) in Q1 2026 - down from the 5.7% YOY growth in Q4 2025. The subdued macroeconomic environment weighed on sentiment, prompting investors and businesses to become more cautious and selective. Amid uncertain times, some vendors may be reluctant to sell their shophouses – seen as defensive assets –crimping the availability of such properties on the market. Additionally, a pricing mismatch between buyers and sellers can also stall deals.