Singapore Resales Rise To 62 Percent As RCR New Home Prices Slip

Singapore's second-quarter private housing data shows a resale-led market, with resale transactions rising while Rest of Central Region non-landed prices fell.

Prices Moderated

URA reported private residential prices up 0.5 percent in Q2 after a 0.9 percent rise in Q1. Non-landed prices fell 0.1 percent overall, with RCR down 1.2 percent.

Resales Took More Share

There were 3,813 resale transactions in Q2, up from 3,225 in Q1. Resales accounted for 62 percent of all sale transactions, compared with 59.6 percent in the previous quarter.

Supply Remains Policy Heavy

The confirmed-list GLS supply for the second half is 4,745 units, bringing full-year confirmed supply to 9,320 units. URA also cited about 60,600 private units expected to complete over coming years.

Outlook

Singapore's next signal is whether RCR pricing stabilises when new launches resume. Buyers should compare resale depth, vacancy and GLS pipeline before stretching mortgage assumptions.

Singapore Deal Checks

For Singapore, the practical check is whether this local signal is visible in signed contracts, bank approvals, registered transfers, lease negotiations, completed works or enforceable public rules. Buyers should compare URA, RCR, CCR with title documents, service charges, financing terms, physical condition, tax exposure, handover timing, official notices, comparable local evidence, vacancy and realistic exit demand before treating the latest news as a price guarantee.

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