Resale Land Prices rose gradually with recovering market activity in March

In March, momentum in the landed home resale market slowed slightly, weighed down by the escalation in market uncertainties and geopolitical tensions. Based on URA Realis caveat data, about 132 landed homes were transacted on the resale market in March 2026; with a combined transaction value came up to $806 million - compared to February (164 deals valued at slightly over $1 billion). Upon an analysis of each transaction and their respective gains, most landed deals were profitable.

There was a lower proportion of higher priced landed homes being sold compared with the previous month that came amid a slowdown in sales activity. Based on URA Realis caveat data, about 47.7% of resale landed homes sold in March were priced at $5 million and above, compared with about 49.4% in February. Meanwhile, 52.3% of the resale landed transactions were priced at below $5 million in March - rising from the 50.6% proportion in the previous month.

Chart 1: Price range of private resale landed transactions in February 2026 vs March 2026

Overall landed home resale prices in March 2026 improved from the previous month, despite a drop in transaction volumes. The overall landed homes resale prices rose by 5% month-on-month (MOM) to $2,019 psf; while prices were up by 12.8% compared to a year before. The month-on-month growth in resale landed prices was consistent across the island. Homes in the Rest of Central Region (RCR) and Outside Central Region (OCR) expanded by 9.4% and 4.8% MOM, respectively. Landed home prices in the Core Central Region (CCR), also saw prices increase by 1.3% MOM. By property type, semi-detached homes bucked the month-on-month expansion trend, with prices declining by 2.9% MOM. Meanwhile detached home and terrace home prices grew 3.9% and 9.5% MOM, respectively. (see table 1 below).

Table 1: Average Unit Prices ($PSF) of Resale Landed Homes by month

Resale landed homes performance by property type in March 2026

Table 2: Top 3 resale landed transactions by landed property type, in terms of estimated gains*

Top landed transaction with highest gains (Detached)

The top performing detached home transaction and overall landed transaction for the month was for a detached home along Broadrick Road in District 15 (Marine Parade) that was sold for $15.3 million, up by $12.5 million from the last caveat lodged in August 2002 - this reflects an annualised profit of 7.5% after a holding period of nearly 24 years. The freehold property is situated within the Katong, Mountbatten neighbourhood and has a land area of more than 6,800 sq ft which reflects a unit price of $2,200 psf on land area.

Top landed transaction with highest gains (Semi-Detached)

The best-performing semi-detached transaction was for the sale of a semi-detached property in Jalan Lateh in Serangoon (District 13). It was sold for nearly $8.3 million in March, with its last caveat being lodged in June 2004. The sale price is up by over $6.5 million from the previous caveated price, representing an annualised gain of 7.6% per year over 21 years. The freehold property is situated within the Serangoon planning area and within short walking distance to Serangoon MRT station.

Top landed transaction with highest gains (Terrace House)

The best-performing terrace home transaction was for a terrace house along Windsor Park Road in Bishan (District 20). The freehold property is situated in the Windsor Park landed estate, near the Windsor Park GCB estate, and was sold for $5.3 million, reflecting an estimated gain of $4.5 million, representing an annualised gain of 7.7% per year from its last caveat lodged in August 2000, with a holding period of nearly 26 years.

If you are looking for high-end homes or good class bungalows in Singapore, contact PropNex's GCB and Prestige Landed department for buying and insights on the landed residential property market.

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