Singapore’s landed market slowed in Q12026, but detached house prices continued rising as demand for freehold homes remained resilient.

Singapore’s landed property market softened in Q12026, with transaction volume declining amid weaker buyer sentiment and higher financing costs. However, detached homes remained the strongest-performing landed segment, with average prices crossing $2,000 psf for the first time.

According to Huttons Asia research based on URA data, 418 landed homes excluding Good Class Bungalows (GCBs) and cluster houses were sold in 1Q2026, down 13.3% from the previous quarter.

Despite the broader slowdown, demand for detached houses remained relatively resilient, particularly for larger freehold homes in prime districts where supply remains limited.

Detached Homes Continue Outperforming the Wider Landed Market

Detached homes were the only landed segment to record increases in both transaction volume and average psf prices during the quarter.

Average detached house prices rose from $1,785 psf in 4Q2025 to $2,069 psf in 1Q2026, while transaction volume increased from 50 deals to 57 deals over the same period.

In comparison, terrace and semi-detached homes saw weaker activity and marginal price declines.

Demand at the upper end of Singapore’s landed market continues to be supported by buyers seeking scarce freehold assets in established landed enclaves.

Freehold Landed Homes Are Pulling Ahead of Leasehold Properties

The pricing gap between freehold and 99-year leasehold landed homes widened further in 1Q2026.

Huttons data showed that freehold and 999-year landed homes averaged $2,223 psf in 1Q2026, significantly higher than the $1,554 psf average recorded for 99-year landed properties.

The gap has been expanding steadily over the past few years as buyers place greater emphasis on tenure quality and land scarcity.

Freehold landed homes in districts such as District 10 and District 11 continue attracting stronger demand due to their limited supply and longer-term holding appeal.

Older leasehold landed homes are also facing greater resistance from buyers due to rebuilding costs, shorter remaining tenure, and financing limitations.

Buyers Are Prioritising Move-In-Ready Landed Homes

Elevated rebuilding and renovation costs are pushing buyers towards newer and move-in-ready landed homes.

Buyers are showing stronger preference for:

• Newly rebuilt detached houses
• Renovated freehold homes
• Modern landed properties in established enclaves

Older landed homes requiring extensive rebuilding are facing greater resistance, particularly among buyers concerned about construction costs and project timelines.

Luxury Landed Home Deals Remain Active in Prime Districts

Several high-value landed transactions in 1Q2026 reinforced continued demand at the premium end of the market.

The largest landed home transaction during the quarter was the sale of a freehold detached house along Dunearn Road in District 11 for $55 million, or $2,274 psf.

Another major deal involved a freehold bungalow on Barker Road which changed hands for $43.2 million.

The transactions reflect continued demand from affluent buyers despite weaker overall market activity.

Higher Interest Rates Are Keeping Landed Home Buyers Cautious

While detached homes have remained relatively resilient, broader landed market activity has moderated compared to late 2025.

Higher interest rates continue to affect affordability across the residential market, particularly for buyers upgrading from HDBs or condos into landed homes.

This has contributed to softer activity in the terrace and semi-detached segments, where affordability sensitivity tends to be higher.

Transaction activity is increasingly concentrating around:

• Freehold landed homes
• Move-in-ready properties
• Prime landed districts
• Newer detached houses
• Well-renovated homes

What Slower Landed Home Sales Mean for Singapore’s Property Market

Singapore’s landed housing market is becoming increasingly segmented between prime freehold detached homes and more affordability-sensitive landed segments.

While overall landed transaction volume has softened, demand for freehold detached homes in prime districts remains relatively resilient due to limited supply, tenure quality, and continued demand for scarce freehold assets.

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