Private home prices rose 1.4% in 3rd Quarter 2026, according to URA's flash estimate released on 1 October 2026. That is faster than the 0.5% rise in 2nd Quarter 2026. Fewer homes changed hands over the same period.
This is an early reading. URA compiles it from prices submitted for stamp duty and from developers' sales data up to mid-September, so it does not cover the full quarter. URA will revise the figures on 23 October 2026, and it notes that past flash estimates have differed from the final changes. It asks the public to interpret them with caution.
URA also describes the macroeconomic outlook, including interest rates at home and abroad, as highly uncertain. It advises households to be prudent when buying property and taking out mortgage loans.
The rise came from the suburbs and landed homes, not the city centre
The headline figure hides a split. Under URA's flash estimate for 3rd Quarter 2026, non-landed prices in the Outside Central Region rose 2.2%, after a 0.1% decrease in the previous quarter. Landed prices rose 2.8%, following a 2.5% increase in 2nd Quarter 2026.
The city centre moved the other way. Non-landed prices in the Core Central Region slipped 0.1%, after rising 1.8% the quarter before. The Rest of Central Region edged up 0.2%, recovering from a 1.2% decrease.
Across all non-landed homes, prices rose 0.9%, compared with a 0.1% decrease in 2nd Quarter 2026. The regions swapped places from one quarter to the next. A reading confined to a few months of partial data is a thin basis for calling a trend in any one of them.
Prices up while sales fell. Is that a contradiction?
Not necessarily. URA records 4,296 sale transactions up to mid-September in 3rd Quarter 2026, against 6,148 in 2nd Quarter 2026, a fall of about 30%. The year-to-date total was 15,857, compared with 19,793 for the same period in 2025.
An index built from fewer deals can move more sharply on the mix of homes that did sell. Part of the volume gap is also timing. The third-quarter count stops in mid-September, while the second-quarter count covers the whole quarter. The full-quarter figures in October will show how much of the drop survives.
If you are selling, a rising index does not mean buyers are more numerous. The volume figures point the other way.
Over the year, the pace has not changed
Look past the single quarter. URA's index rose by an average of 0.9% per quarter over the first three quarters of 2026, unchanged from the average over the same period in 2025. On that measure, 2026 so far looks much like the year before, despite the jump in this one reading.
What 60,600 units does, and does not, mean
URA restated its supply plans alongside the index. A total of 4,745 private units will be launched under the Government Land Sales Confirmed List in the second half of 2026. That brings the full-year Confirmed List to 9,320 units, which URA says is more than 50% above the annual average over the past 10 years.
These are sites released for development, not homes on sale now. What a site fetches at tender is a land price, not the price at which flats will later be launched. The figure of around 60,600 refers to private units, including Executive Condominium units, expected to be completed over the next few years. It is a pipeline, not stock you can view or buy today.
For a buyer, the point is that a substantial volume of new completions is planned. How that shapes prices in any particular location is a separate question, and the release does not answer it.
Before you decide
- Wait for the revised figures on 23 October 2026 if your timing allows. Flash estimates can and do shift.
- Check the figures for your own segment and region rather than the headline. The Core Central Region and the Outside Central Region moved in opposite directions this quarter.
- Look at transaction counts in the specific development or area you are considering, not only the index.
- Test your mortgage at higher interest rates. URA itself flags the rate outlook as highly uncertain.
- Ask the seller or developer for recent filed transaction prices for comparable units, and compare them against the official records.
Regional price and volume data, updated as URA releases them, are on the Truestorey market page.
