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|June 24,2026Resale Landed Market Watch In May 2026
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Resale Land Prices sunk with slowing market activity in May
In May, sales activity in the landed home resale market moderated, amidst market uncertainties. Based on URA Realis caveat data, about 146 landed homes were transacted on the resale market in May 2026; with a combined transaction value came up to $844.6 million - compared to April (178 deals valued at slightly over $1.15 million). Upon an analysis of each transaction and their respective gains, most landed deals were profitable.
There was a larger 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 58.2% of resale landed homes sold in May were priced at $5 million and above, compared with about 52.2% in April. Meanwhile, 41.8% of the resale landed transactions were priced at below $5 million in May - rising from the 47.8% proportion in the previous month.
Chart 1: Price range of private resale landed transactions in April 2026 vs May 2026
Overall landed home resale prices in May 2026 improved from the previous month, despite the slightly lower sales volumes. The overall landed homes resale prices fell by 7.8% month-on-month (MOM) to $1,949 psf; while prices were up by 1.6% compared to a year before. By region, homes in the Core Central Region (CCR), Rest of Central Region (RCR), Outside Central Region (OCR) expanded by 18.7%, 11.8% and 1.4% MOM, respectively. By property type, detached, semi-detached, terrace homes 18.2%, 17.2% and 1.3% MOM, respectively. (see table 1 below).
Table 1: Average Unit Prices ($PSF) of Resale Landed Homes by month
Resale landed homes performance by property type in May 2026
Table 2: Top 3 resale landed transactions by landed property type, in terms of estimated gains*
*Gains are derived from the resale transaction for each unit against the unit's last caveated transaction. The gains reflected is gross - it has not accounted for the applicable seller's stamp duties, interest payable, taxes and other relevant divestment costs.
**Annualised gain is the compounded annual rate of return which shows the rate of return over the time period between the point of resale and the property's last caveated transaction, expressed in annual percentage terms. The formula for determining this is simply: [(current resale price) / (purchase price)] time period in years-1
Top landed transaction with highest gains (Detached)
The top performing detached home transaction and overall landed transaction for the month was for a bungalow along Narooma Road in District 11 (Novena) that was sold for $14 million, up by $10.55 million from the last caveat lodged in May 2003 - this reflects an annualised profit of 6.3% after a holding period of over 23 years. The freehold property is situated near Botanic Gardens in Bukit Timah.
Top landed transaction with highest gains (Semi-Detached)
The best-performing semi-detached transaction was for the sale of a semi-detached property in Goodman Road in Marine Parade (District 15). It was sold for $15.1 million in May, with its last caveat being lodged in December 2000. The sale price is up by over $12.08 million from the previous caveated price, representing an annualised gain of 6.5% per year over 25 years. The semi-detached house property is situated within the Marine Parade planning area and within walking distance to Tanjong Katong MRT station.
Top landed transaction with highest gains (Terrace House)
The best-performing terrace home transaction was for a terrace house along Lorong Stungee in Marine Parade (District 15). The freehold property is situated a short distance away from Marine Parade Central, and was sold for $6.6 million, reflecting an estimated gain of $4.95 million, representing an annualised gain of 8.6% per year from its last caveat lodged in July 2009, with a holding period of 15 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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