The recent cooling in Singapore's property market indicates a move towards stabilization rather than a downturn. The first quarter of 2026 saw HDB resale flat prices decline by 0.1%, the first drop in nearly seven years. This slight decrease, coupled with a 19.6% increase in transactions compared to the previous quarter, suggests a more balanced market. The availability of BTO flats is expected to sustain transaction volumes. Additionally, the government's plan to launch more BTO flats in mature towns aims to anchor resale price stability in the longer term. (source: )
In the private property sector, prices have also shown signs of cooling. In the second quarter of 2026, private home prices rose by 0.5%, a slowdown from the 0.9% increase in the previous quarter.