Singapore’s housing market, which has been experiencing a slowdown in recent years, has shown signs of recovery in the first half of 2026. According to data from the Urban Redevelopment Authority (URA), the number of private property transactions rose by 5.5% in the second quarter, compared to the same period last year. This marks a slight improvement from the 2.5% decline recorded in the first quarter.
The recovery is attributed to the government’s recent measures to boost the housing market, including the introduction of new housing grants and the relaxation of loan-to-value (LTV) limits. Additionally, the improving economy and low interest rates have also contributed to the uptick in housing demand. Analysts expect the housing market to continue its slow recovery, with some predicting a 5-10% increase in property prices by year-end.
However, experts also caution that the recovery is fragile and may be vulnerable to external factors such as changes in government policies or economic downturns. Furthermore, the high cost of living in Singapore continues to be a major concern for many homebuyers, with many opting for smaller units or shared ownership schemes. As the housing market continues to navigate this uncertain terrain, policymakers and industry stakeholders will be closely watching for signs of a sustained rebound.