CCR Price Growth Contrasts With RCR Decline As Singapore Q2 Vacancy Rises

Singapore's Q2 private residential statistics show a precise local split: central-region non-landed prices rose while the citywide vacancy rate edged higher and RCR prices fell.

URA Shows Slower Growth

URA reported private residential prices rose 0.5 percent in Q2 2026, slower than 0.9 percent in Q1. The first-half gain was 1.4 percent, below the comparable 2025 pace.

Segments Moved Differently

Non-landed prices in the Core Central Region increased 1.8 percent, while Rest of Central Region prices fell 1.2 percent and Outside Central Region slipped 0.1 percent. Landed prices rose 2.5 percent, lifting the overall index.

Vacancy And Supply Matter

URA said private residential vacancy rose to 6.4 percent from 6.2 percent, while 15,810 unsold units with planning approval remained in the pipeline. Government Land Sales supply also stays elevated for market stability.

What Buyers Should Check

Singapore buyers should compare resale evidence, project pipeline, vacancy in the planning area and rental contracts. A CCR premium needs stronger tenant demand when wider completed-stock vacancy is rising.

Why Vacancy Changes Negotiation

A 6.4 percent vacancy rate is not high by every global comparison, but it matters in a market with steady future supply. Buyers should compare nearby lease transactions and upcoming completions before underwriting rent growth on a new purchase.

Outlook

The next test is whether CCR strength persists without pulling RCR and OCR along. Buyers should treat Q2 as a segmented market, not a broad acceleration.

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