Tempered Resale Landed market activity in August

In August, sales momentum in the landed home resale market took a pause due to the Hungry Ghost Festival which started in mid-August. Based on URA Realis caveat data, about 165 landed homes were transacted on the resale market in August 2026; with a combined transaction value came up to $1.03 billion - slightly lower compared to July (201 deals valued at $1.17 million). 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 that came despite a slowdown in sales activity. Based on URA Realis caveat data, about 55.8% of resale landed homes sold in August were priced at $5 million and above, compared with about 47.3% in July. Meanwhile, 44.2% of the resale landed transactions were priced at below $5 million in August - declining from the 52.7% proportion in the previous month.

Chart 1: Price range of private resale landed transactions in July 2026 vs August 2026

Overall landed home resale prices in August 2026 improved from the previous month, despite the decline in sales volumes. The overall landed homes resale prices grew by 4.1% month-on-month (MOM) to $2,031 psf; while prices were up by 10.3% compared to a year before. By property type, detached, semi-detached, terrace homes grew 5.7%, 15.3% and 1.5% MOM, respectively. By region, homes in the Rest of Central Region (RCR) and Outside Central Region (OCR) expanded by 8.7% and 0.6%, respectively. Meanwhile homes in the Core Central Region (CCR) bucked the upward trend, declining 5.4% (see table 1 below).

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

Resale landed homes performance by property type in August 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 Good-class bungalow along Gentle Road in District 11 (Novena) that was sold for $18.5 million, up by $12 million from the last caveat lodged in June 2008 - this reflects an annualised profit of 6.0% after a holding period of 18 years. The GCB plot is situated within the Bukit Tunggal Good-class Bungalow (GCB) estate.

Top landed transaction with highest gains (Semi-Detached)

The best-performing semi-detached transaction was for the sale of a semi-detached property in Mount Sinai Avenue in Bukit Timah (District 10). It was sold for $10 million in August, with its last caveat being lodged in August 2005. The sale price is up by $8.2 million from the previous caveated price, representing an annualised gain of 8.6% per year for a holding period of over 20 years. The 999-year leasehold semi-detached house property is situated within walking distance to Dover MRT station.

Top landed transaction with highest gains (Terrace House)

The best-performing terrace home transaction was for a terrace house along Jupiter Road in the Bishan planning area (District 20). The freehold property is situated within Windsor Park landed estate and just a short distance away from Upper Thomson MRT station, and was sold for $7 million, reflecting an estimated gain of $5.8 million, representing an annualised gain of 6.9% per year from its last caveat lodged in October 1999, with a holding period of about 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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