Resale Land Prices stayed tepid with slower market activity in January

The landed home resale market got off to a lukewarm start in January owing to the seasonal lull. Based on URA Realis caveat data, about 127 landed homes were transacted on the resale market in January 2026; with a combined transaction value came up to $787 million - compared to December (198 deals valued at $1.29 billion). Upon an analysis of each transaction and their respective gains, most landed deals were profitable.

There was a higher proportion of higher priced landed homes being sold compared with the previous month due to the muted sales activity. Based on URA Realis caveat data, about 52.8% of resale landed homes sold in January were priced at $5 million and above, compared with about 44.9% in December. Meanwhile, 47.2% of the resale landed transactions were priced at below $5 million in January - declining from the 55.1% proportion in the previous month.

Chart 1: Price range of private resale landed transactions in December 2025 vs January 2026

Overall landed home resale prices in January 2026 declined from the previous month, likely due to the seasonal lull and drop in transaction volumes. The overall landed homes resale prices declined by 7.7% month-on-month (MOM) to $1,899 psf; while prices were up by 3.1% compared to a year before. The month-on-month decline in resale landed prices was consistent across the island. Homes in the Core Central Region (CCR) and Outside Central Region (OCR) dropped by 8.2% and 2.8% MOM, respectively. Homes in the Rest of Central Region (RCR), also fell steeply by 20.1% MOM. By property type, semi-detached homes and terraces saw average prices fell by 5.5% MOM and 12.1% MOM respectively in January. (see table 1 below).

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

Resale landed homes performance by property type in January 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 corner detached home along Grove Drive in District 10 (Bukit Timah) that was sold for $16 million, up by $7.45 million from the last caveat lodged in March 2023 - this reflects an annualised profit of 25.6% after a short holding period of 3 years. The freehold property is situated near Holland Village and has a land area of more than 4,100 sq ft which reflects a unit price of $3,855 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 Binchang Rise in Bishan (District 20). It was sold for $8 million in January, with its last caveat being lodged in March 1999. The sale price is up by over $6.4 million from the previous caveated price, representing an annualised gain of 6.2% per year over 26 years. The freehold property is situated within the Lauw and Sons Garden landed estate and just within short walking distance to Bishan MRT station.

Top landed transaction with highest gains (Terrace House)

The best-performing terrace home transaction was for a terrace house along Grove Drive in Bukit Timah (District 10). The freehold property was sold for $10.5 million, reflecting an estimated gain of $7.55 million, representing an annualised gain of 6.9% per year from its last caveat lodged in January 2007, with a holding period of nearly 19 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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