Release of flash estimate for 1st Quarter 2026 private residential property price index

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Release of flash estimate for 1st Quarter 2026 private residential property price index

- The overall private residential property price index rose by a modest 0.3% in 1Q2026, following the 0.6% increase in 4Q2025. This was the smallest quarter-on-quarter increase in the index in six quarters.

- To meet housing demand and maintain market stability, the Government will continue to sustain a high level of private housing supply through the Government Land Sales (GLS) Programme. 4,575 private residential units will be tendered out via the Confirmed List in 1H2026, which is 50% above the average Confirmed List supply per GLS programme over the past decade. This supply injection brings the total supply of private residential units (including EC) in the overall supply pipeline to about 57,000 units.

- The macroeconomic outlook has become more uncertain. Households should continue to exercise prudence when purchasing properties and taking out mortgage loans.

Published: 01 April 2026

1 The Urban Redevelopment Authority (URA) released the flash estimate of the price index for private residential property for 1st Quarter 2026 today.

2 The flash estimate of the private residential property price index increased at a slower pace of 0.3% on a quarter-on-quarter basis in 1st Quarter 2026, compared to the 0.6% increase in the previous quarter (see Annex A [PDF, 115kb] and Annex B [PDF, 100kb]). Sale transaction volume fell by about 40% on a quarter-on-quarter basis in 1st Quarter 2026¹.

3 Prices of non-landed private residential properties increased by 1.0%, compared to the 0.2% decrease in the previous quarter. Prices of non-landed private residential properties in the Core Central Region increased by 0.4%, compared to the 3.5% decrease in the previous quarter. Prices in the Rest of Central Region increased by 0.9%, compared to the 0.7% increase in the previous quarter. Prices in the Outside Central Region increased by 1.3%, compared to the 1.0% increase in the previous quarter. For landed properties, prices decreased by 1.8% in 1st Quarter 2026 compared to the 3.4% increase in the previous quarter (see Annex C [PDF, 105kb]).

4 The flash estimates are compiled based on transaction prices submitted for stamp duty payment and data on units sold by developers up till mid-March. The statistics will be updated on 24 April 2026 when URA releases its full set of real estate statistics for 1st Quarter 2026. Past data have shown that the flash estimates may differ from actual changes. The public is advised to interpret the flash estimates with caution.

¹Sale transaction volume (up to mid-March) totalled 4,041 in 1st Quarter 2026, compared to 6,699 in 4th Quarter 2025.