haioPrivate home prices rose 1.4% in Q3 2026, almost three times the previous quarter's 0.5%. Over the same three months, the vacancy rate of completed private homes went from 6.4% to 7.2%. The government is also still adding land to the pipeline.
GLS Supply (past decade)
The 2026 Confirmed List comes to 9,320 units, which URA says is more than 50% above the annual average of the past 10 years. Buyers are paying more today. The supply that could slow that down is already on its way.
Prices rose everywhere except the city fringe, and so did vacancy
Landed prices rose 2.9%, after 2.5% the quarter before. Non-landed prices rose 1.0%, after slipping 0.1%. Rents rose 1.3% overall. The regions tell different stories:
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| CCR | +0.3% | -0.3% | 8.4% | 8.3% |
| RCR | 0.0% | +1.5% | 7.4% | 6.1% |
| OCR | +2.3% | +3.1% | 6.5% | 5.6% |
New-launch activity thinned out. Developers launched 1,140 units and sold 1,183, down from 2,141 sold in Q2. Resales held at 3,801 deals and made up 73.9% of all private sales, up from 62.0%. On the supply side, 3,559 units were completed in the quarter, the most since Q3 2024.
What it means for you
If you're buying: this is a resale market for now. Nearly three in four private deals were resales. You don't have to chase, though. URA counts about 32,800 units that could be up for sale over the next one to two years, including 4,745 on the 2H2026 Confirmed List (735 of them ECs). Behind that, 57,200 units are due to complete: about 22,300 by 2028 and 34,900 from 2029. More choice is coming, and more choice usually means more bargaining power.
If you're a landlord or investor: watch the vacancy number. The stock of completed homes grew by 3,491 units in Q3, but the number of occupied homes fell by 305. That gap is what pushed overall vacancy from 6.4% to 7.2%. OCR rents jumped 3.1%, but OCR vacancy also rose from 5.6% to 6.5%, and CCR rents have already dipped. With 22,300 more units completing by 2028, rent growth may struggle to keep up Q3's pace.
If you're selling in the OCR: non-landed prices went from -0.1% to +2.3% in a single quarter. That is a decent window, and it is likely to look better before the completion wave lands than after.
One caveat from URA itself: it calls the macroeconomic outlook "highly uncertain", including for global and domestic interest rates, and it is telling households to be prudent with mortgages. Stress-test your loan before you commit.
haio's take
Q3 was a good quarter for sellers and an early warning for landlords. Prices are rising on thin new-launch volume, while the empty-home count rises underneath. With the 2026 Confirmed List more than 50% above the 10-year annual average, patient buyers are likely to hold the stronger hand over the next two years, and landlords counting on Q3-style rent growth should plan for less.
To see how much new supply is lined up behind these numbers, check the supply pipeline on haio.
Source: URA, Release of 3rd Quarter 2026 real estate statistics (23 Oct 2026). Charts: URA Government Land Sales, haio data.