Modest Resale Landed market activity in September

In September, sales momentum in the landed home resale market continued to moderate due to the Hungry Ghost Festival which started in mid-August. Based on URA Realis caveat data, about 155 landed homes were transacted on the resale market in September 2026; with a combined transaction value came up to $941 billion - lower compared to August (172 deals valued at $1.06 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 48.4% of resale landed homes sold in September were priced at $5 million and above, compared with about 54.7% in August. Meanwhile, 51.6% of the resale landed transactions were priced at below $5 million in September - climbing from the 45.3% proportion in the previous month.

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

Overall landed home resale prices in September 2026 declined from the previous month, amid the decline in sales volumes. The overall landed homes resale prices fell by 7.0% month-on-month (MOM) to $1,948 psf; while prices were up by 5.1% compared to a year before. By property type, semi-detached, terrace homes fell 10.8% and 5.6% MOM, respectively. Meanwhile detached homes bucked the downward trend, growing 1.8%. By region, homes in the Core Central Region (CCR), Rest of Central Region (RCR) and Outside Central Region (OCR) fell by 6.3%, 8.7% and 0.6%, 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 September 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 Dalvey Road in District 10 (Tanglin) that was sold for $56 million, up by $25.2 million from the last caveat lodged in July 2014 - this reflects an annualised profit of 5.0% after a holding period of 14 years. The GCB plot is situated within the White House Park 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 $12.3 million in September, with its last caveat being lodged in April 2001. The sale price is up by $9.5 million from the previous caveated price, representing an annualised gain of 6.1% per year for a holding period of over 25 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 Cowdray Avenue in the Serangoon planning area (District 19). The freehold property is situated within Serangoon Gardens landed estate, and was sold for nearly $6 million, reflecting an estimated gain of $5.2 million, representing an annualised gain of 10.7% per year from its last caveat lodged in February 2007, with a holding period of about 20 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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