Singapore's Landed Home Market in 1H2026: Resilient, Rising, and Still the Ultimate Status Asset

If you've been watching Singapore's landed housing scene this year, one word keeps surfacing: resilience. Despite a more cautious economic backdrop and no shortage of geopolitical noise, the first half of 2026 showed once again that landed homes remain one of the most sought-after — and scarcest — asset classes in Singapore's property market.

Here's a closer look at what actually happened between January and June 2026, based on SRI Research's latest analysis of URA REALIS caveat data (as of 8 July 2026), and what it means if you're thinking of buying, selling, or simply watching from the sidelines.

Prices Keep Climbing, Just a Little More Slowly

The landed residential property price index rose 2.2% over 1H2026, based on URA's 2Q2026 flash estimates. That's a touch softer than the 2.6% gain recorded over the same period last year, but it's still a clear step up, not a plateau.

That moderation isn't a warning sign so much as a sign of a market finding its footing. Landed homes remain structurally scarce — Singapore isn't making more land for terrace houses, semi-detached homes, or bungalows — and that scarcity, paired with steady demand from affluent owner-occupiers and high-net-worth buyers, continues to underpin gradual, sustainable price growth rather than the sharper swings seen in other segments.

Transaction Volumes Are Up, Not Down

Here's the number that matters most: 1,043 landed home transactions were recorded in 1H2026, up 3.4% from the 1,009 transactions in 1H2025. In a year where headlines have leaned cautious, that's a genuinely healthy figure.

Breaking it down by housing type:

Housing Type	1H2025	1H2026	Change
Terrace House	588	607	+3.2%
Semi-Detached House	324	314	-3.1%
Detached House	97	122	+25.8%
Total	1,009	1,043	+3.4%

Terrace houses continue to be the backbone of the market, accounting for 58.2% of all landed transactions in 1H2026, with semi-detached homes at 30.1% and detached houses at 11.7%. The standout mover, though, is the detached house segment, which grew by a striking 25.8% year-on-year — a trend largely fuelled by steady activity in Good Class Bungalows (GCBs), Singapore's most exclusive residential category.

Buyers Are Trading Up, Not Just Trading In

One of the more telling shifts in 1H2026 was where buyers were spending. Homes below $5 million still made up the largest share of transactions at 47.3%, but that's down from 58.6% a year earlier. Meanwhile: The $5 million to $10 million bracket grew from 33.5% to 42.1% of transactions, and homes above $10 million climbed from 7.9% to 10.6%.

In other words, even as overall volumes held steady, buyers gravitated toward higher price points. This lines up with the purchaser profile data: 88.4% of landed buyers in 1H2026 already lived at private residential addresses, essentially unchanged from 88.2% the year before. This isn't a market of first-time buyers stretching for a landed home — it's largely existing private property owners upgrading, using accumulated housing equity to move into larger, more exclusive homes.

Good Class Bungalows: Still the Pinnacle

For a segment defined by extreme scarcity, GCBs put in a remarkably steady performance. SRI Research tracked 11 caveated GCB transactions in 1H2026, close to the 12 recorded in 1H2025. The headline deal of the half was a bungalow along Nassim Road, which changed hands for $64.9 million — comfortably the largest transaction on the list, ahead of deals on Morley Road ($38.6 million) and Belmont Road ($34.8 million, twice over).

Nine of the eleven top GCB transactions this half were in District 10 alone (Bukit Timah, Holland, Tanglin), reinforcing just how concentrated ultra-prime demand remains around Singapore's most established GCB enclaves.

Where the Action Was: Landed Transactions by District

Landed home activity wasn't evenly spread across the island. Here's how the 1,043 transactions broke down by postal district in 1H2026:

District	Area	Units Sold
19	Hougang / Punggol / Serangoon Garden	170
15	Katong / Joo Chiat / Amber Road	130
28	Seletar / Yio Chu Kang	105
16	Bedok / Upper East Coast	91
20	Bishan / Ang Mo Kio	80
10	Tanglin / Bukit Timah / Holland	70
11	Newton / Novena / Watten Estate	58
13	Macpherson / Braddell	47
21	Upper Bukit Timah / Clementi Park	45
26	Upper Thomson / Springleaf	39
14	Geylang / Eunos	35
05	Pasir Panjang / Clementi	34
27	Yishun / Sembawang	33
17	Changi / Loyang	28
23	Hillview / Bukit Panjang / Choa Chu Kang	26
22	Jurong	16
18	Tampines / Pasir Ris	8
04, 12, 25	Telok Blangah, Toa Payoh, Kranji	6 each
09	Orchard / River Valley	5
08	Little India	3
02	Tanjong Pagar / Anson	2

District 19 led the pack by a wide margin — no surprise, given its concentration of mature landed estates around Serangoon Garden, Hougang and Punggol, where families continue to prize larger plots and freehold or 999-year tenure. Districts 15 and 28 rounded out the top three, both long-standing favourites for owner-occupiers seeking established, well-connected landed neighbourhoods outside the city centre. District 10, home to Singapore's most prestigious GCB Areas, understandably skews toward far fewer but far higher-value transactions.

What's Next for 2H2026

Looking ahead, the fundamentals that supported 1H2026 aren't going anywhere. Landed housing supply remains structurally limited, household balance sheets are healthy, and owner-occupier demand shows no sign of fading. The GCB segment, in particular, should stay active as ultra-high-net-worth individuals and family offices continue treating these properties as long-term wealth preservation assets rather than short-term trades.

One development worth watching closely: the launch of Vila Natura, one of the few brand-new landed housing projects expected in the current pipeline. With so few new landed developments coming to market, its reception will offer a useful read on buyer appetite and pricing expectations heading into the second half of the year.

Barring a significant shock to the macro or geopolitical environment, Singapore's landed residential market looks set to stay on the same steady path it's walked all year: limited in supply, resilient in demand, and quietly appreciating in value.

Thinking about buying or selling a landed home in Singapore? Whether you're eyeing a terrace house in Serangoon Garden or exploring the GCB market, having the right guidance for a purchase of this scale makes all the difference. Reach out to discuss what these trends mean for your own property journey.

Data source: SRI Research, URA REALIS (caveated transactions as of 8 July 2026). Figures are based on caveated data and may not capture all completed deals, as some transactions may not yet be reflected in URA REALIS at the point of extraction.