Singapore Luxury Residential Figures H1 2026

Executive Summary

• In H1 2026, 12 GCBs worth $424.10 mil were transacted, down 56.5% h-o-h from the $974.09 mil across 23 deals in H2 2025.
• Heightened volatility, economic uncertainty and inflationary pressures from the Middle East conflict weighed on sentiment. Some buyers moved to the sidelines to assess the situation while others turned more selective and price-sensitive. Sellers, backed by strong holding power, held firm on asking prices, resulting in a stalemate.
• Looking ahead, as lower interest rates remain supportive and sellers are now showing greater willingness to negotiate, transaction volumes should improve modestly in H2 2026.
• The foreigner-driven Sentosa Cove segment lagged mainland luxury activity in H1 2026. Bungalows saw renewed interest while condominium volume dipped.
• Luxury apartment sales held firm in H1 2026 despite geopolitical tensions in the Middle East since end-February. Buyers took up 56 units worth $658.15 mil, down 6.8% h-o-h from the high base of $705.81 mil across 57 units in H2 2025. Average prices rose 2.9% to $3,801 psf from $3,694 psf in H2 2025.
• The steep ABSD regime since 2023 still weighs on luxury residential, particularly in Sentosa Cove. The mainland luxury apartment market, however, appears to be recovering since 2025. Buying sentiment should stay broadly positive in H2 2026, supported by low interest rates and Singapore's safe-haven status as UHNW individuals continue to seek wealth-preservation assets amid geopolitical uncertainty and market volatility.