URA Private Property Price Index: What Q2 2026 Shows

The URA private residential property price index rose 0.5% in the second quarter of 2026, after a 0.9% rise in the first. The first-half gain of 1.4% sits below the 1.8% recorded over the same period in 2025.

The headline understates what happened underneath it. Non-landed prices, which cover the condominiums and apartments most buyers are looking at, fell 0.1% in the quarter. Landed property rose 2.5% and carried the index.

The index moved one way, condos moved the other

Segment	Q1 2026	Q2 2026
Overall index	+0.9%	+0.5%
Non-landed	+1.3%	−0.1%
Landed	−0.4%	+2.5%
CCR non-landed	+0.6%	+1.8%
RCR non-landed	+0.8%	−1.2%
OCR non-landed	+2.2%	−0.1%

Landed housing is a small, illiquid segment, so a handful of transactions can swing its index sharply. The 2.5% gain follows a 0.4% fall the previous quarter, and quarter-to-quarter reversals of that size are common in the series.

A buyer reading "prices up 0.5%" and a buyer reading "condo prices down 0.1%" are both reading the same release. Take the non-landed figure for the segment you are buying in.

The centre outperformed the suburbs

The Core Central Region gained 1.8% while the Rest of Central Region fell 1.2% and the Outside Central Region fell 0.1%. That inverts the previous quarter, when the OCR led with 2.2% and the CCR trailed at 0.6%.

Two quarters do not establish a trend, and the CCR series is the most volatile of the three because its transaction count is smallest. What the quarter does show is that the suburban momentum of Q1 did not carry through.

For buyers comparing regions, the practical reading is that the gap between central and suburban pricing narrowed in this quarter rather than widened. Our District 15 condo comparison covers one RCR stretch in detail.

Resale took the majority of transactions

New sales came in at 2,141 units, up from 2,013 in Q1. Resale transactions rose further, from 3,225 to 3,813 units, and made up 62.0% of all transactions in the quarter.

Resale outpacing new sales by that margin points at completed stock absorbing demand. Buyers who can see the actual unit, and move in on completion rather than in three years, are taking a larger share of the market.

Our guide to buying a completed new launch condo and the comparison of new launch versus resale cover the trade-offs between the two routes.

Supply and vacancy are both building

URA reported 15,810 unsold units with planning approval, and a further 18,153 unsold units awaiting approval. The second figure includes 4,745 units on the confirmed Government Land Sales list for the second half of 2026.

The vacancy rate rose to 6.4% at the end of Q2, from 6.2% at the end of Q1.

Rising vacancy alongside a rising rental index is an unusual combination. Overall rentals rose 0.7% in the quarter, with landed rentals up 2.7% and non-landed up 0.4%. The non-landed rental gain is modest enough that a further rise in vacancy would put pressure on it.

For owners relying on rental income to carry a mortgage, the vacancy figure is the one to track. Our article on upcoming condo TOP units and the 2026 completion wave cover where new supply lands.

What the index does not tell you

The index tracks price movement across the market, not the price of any particular home. A 0.5% rise does not mean a given unit is worth 0.5% more this quarter.

It also lags. The full quarterly statistics arrive weeks after the quarter closes, and the transactions behind them were negotiated earlier still. By publication, the market has moved on from the period being measured.

And it aggregates. Within the OCR figure of −0.1% sit towns that rose and towns that fell. A district can move against its own region for reasons that never surface in a regional index, such as a single large launch resetting local pricing.

What to watch in Q3

• Whether the non-landed index returns to growth or confirms a second consecutive soft quarter, which would be the clearer signal.
• Whether CCR strength persists, or reverts as the volatile series often does.
• Whether the vacancy rate continues climbing while completions arrive, and what that does to the non-landed rental index.
• Whether resale continues to take over 60% of transactions.

URA releases a flash estimate for the third quarter at the start of October, with the full statistics later in the month. The flash estimate covers the overall index only, so the non-landed and regional detail that matters most to condo buyers arrives with the full release.

Treat a single quarter as one observation. The useful comparison for a specific purchase is transacted prices in the same project and unit type, not the index.

Sources: URA, release of 2nd Quarter 2026 real estate statistics, URA, flash estimate for 2nd Quarter 2026 private residential property price index, URA, release of 1st Quarter 2026 real estate statistics, URA, private residential time series statistics, URA, data release calendar.