Singapore Property Market 2026

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What We’re All Hearing on the Ground

Everyone seems to be asking the same thing: "Eh, 2026 coming soon... prices going up or down? Should buy now or wait?"

So, I did a deep dive into some recent reports (specifically from Homejourney, which has some pretty solid data) and thought I’d break it down for you guys here. No fancy jargon, no complicate charts—just the real deal on what’s happening with our HDBs and condos as we head into 2026.

The Big Question: Is the Market Crashing?

Short answer: No. Long answer: It’s basically “chilling out.”Remember the crazy years right after the pandemic? When people were practically fighting over resale flats and prices were shooting up by double digits? Yeah, those days are pretty much over.

From what I’ve gathered, 2026 is shaping up to be a year of "Stabilization." Think of it like a car that was speeding on the expressway and is now cruising comfortably at 80km/h. It’s still moving forward, just not at a heart-attack pace.

The experts are predicting that prices will still go up, but slowly—we’re talking about a modest 1% to 5% growth for private properties and maybe 3% to 6% for HDB resale flats. It’s a “soft landing,” which is honestly good news for most of us who just want a stable place to live without worrying about a bubble bursting.

HDB Market: More Flats Coming, So Prices May Cool a Bit This is probably the most interesting bit for my friends looking for a resale flat. You know how everyone complains there’s “no supply”? Well, the floodgates are about to open slightly.

The Supply Surge In 2026, a huge chunk of BTO flats are hitting their 5-year Minimum Occupation Period (MOP). We’re looking at around 13,627 units entering the resale market. That’s a big jump from the ~7,454 units in 2025, almost double!

What this means for you:

• Buyers: If you can afford to wait a bit, you might have way more options next year. More supply generally means sellers can’t be as "yaya papaya" with their asking prices. You might actually get some negotiating power back!

• Sellers: If you’re thinking of selling, you might want to move fast. Once all your neighbors list their flats in 2026, competition is going to get stiff. You don’t want to be the one holding the bag when 50 other 4-room flats in your estate go on sale at the same time
  

But don’t get me wrong — nicer units in central or super convenient locations will always have fans. That’s why we keep seeing million-dollar flats being sold here and there. More than 400 units even crossed S$1M just in one recent quarter.The "Downgrader" Rule Might Be History - If you remember, back in late 2022, the government told anyone selling a private property(except those above 55 years old and buying 4room or below)  that they had to wait 15 months before they could buy a resale HDB flat. It was meant to be a "temporary" move to stop cash-rich condo owners from flooding the HDB market and pushing prices through the roof. Our National Development Minister, Chee Hong Tat, recently hinted that because the market is finally starting to "behave" and prices are softening, they’re looking at reviewing or even removing this rule entirely in 2026, it’s good news for sellers specially for executive and 5rooms sellers. For detail can refer to this https://www.straitstimes.com/singapore/housing/private-homeowners-may-not-have-to-wait-till-2027-for-change-in-hdb-wait-out-period-chee-hong-tat

Condos : Still for the “Atas”?

Okay, moving on to private property. If you were hoping for condo prices to drop so you can snap up a cheap investment unit... don’t hold your breath.

Why prices are sticky Land is scarce, and construction costs are still high. Developers aren’t going to sell at a loss. New launches in prime areas are looking at prices north of $2.5 million! That’s a serious chunk of change.

Because these new condos are getting so expensive, a lot of buyers (the "sandwich class" like many of us) are being priced out.

The Rise of the EC (Executive Condo) This is where the smart money seems to be going. Because private condos are getting too pricey, there’s a lot of demand shifting to Executive Condos. If you’re eligible for an EC, it’s looking like one of the safer bets. But heads up—prices for these are creeping up too because of land costs.

Investors: If you’re looking to invest, the “easy money” era of flipping properties for quick cash is gone. The rental market is cooling off a bit too. The advice now is boring but true: Focus on long-term value. Look for places near transformation zones or upcoming MRT lines, rather than just buying whatever is hyped up on social media.

The “Boring” Stuff Still Matter

1. Cooling Measures are Here to Stay. Don’t expect the government to suddenly remove the ABSD (Additional Buyer’s Stamp Duty) or relax loan limits. They want to keep housing affordable for locals, so these rules are acting like a tough bouncer at a club—keeping the speculators out so the rest of us can dance.

2. Interest Rates - Remember when mortgage rates shot up and everyone panicked? The good news is that rates seem to be stabilizing. They aren’t going back to the super-low levels of 2020, but they shouldn't be jumping up wildly either. It’s safe to budget based on current rates, but always use a mortgage calculator to check if you can actually afford the monthly payments if things go south.

So... What Should We Actually Do?

Below is just my “person” advice: If you are a First-Time Buyer (HDB): You’re in a decent spot. With more MOP flats coming in 2026 and BTO launches ramping up (HDB is promising like 15,000+ new flats), you have choices. Don’t rush into a purchase out of FOMO (Fear Of Missing Out). Take your time to view more units next year.

If you are an HDB Upgrader: This is tricky. You want to sell your HDB high and buy a condo low... but both markets are stabilizing. If you have a BTO hitting MOP soon, selling before the 2026 "supply flood" might get you a better price. But make sure you have your next home lined up because condo prices aren’t dropping.

If you are an Investor: Be super selective. The "buy anything and profit" days are gone. Look for "value buys"—maybe resale condos that are lagging behind the new launch prices, or ECs that are about to privatize. And please, factor in the maintenance costs! A lot of people forget that fancy condos have fancy maintenance fees.

Final Thoughts

2026 isn’t going to be a dramatic year of crashes or booms. It’s going to be a year of sanity.

The market is taking a breather, and honestly, that’s great for genuine homeowners. It gives us time to think, plan, and make decisions.

If you’re unsure, just remember the golden rule of Singapore property: Buy what you can afford, and buy for your own needs first. Don’t try to time the market perfectly because even the experts get it wrong half the time.

No matter how the market moves, I hope 2026 brings you and your family good health, peace of mind, and a home that truly supports the life you’re building :)