Updated September 2026. This replaces the 2024 forecast with a dated outcome review and current decision framework. It is not a price forecast.
What happened after the 2024 outlook
URA reported that landed-property prices rose 2.5% in 2Q 2026 after falling 0.4% in 1Q 2026. The quarter-to-quarter reversal shows why a short forecast should not be treated as a durable investment thesis. Read the official 2Q 2026 market release.
Landed is a thin and highly segmented market
Housing type, tenure, land shape, road character, plot dimensions, condition and redevelopment constraints can produce large differences between nearby homes. An islandwide index cannot value a specific property.
Use a property-level framework
- Compare genuinely similar completed transactions and total quantum.
- Separate land value from the cost and risk of the existing structure.
- Verify housing form, setbacks, road reserve and technical constraints.
- Stress-test financing, rebuilding and holding-period assumptions.
- Model the likely future buyer pool rather than assuming scarcity alone.
URA advises households to remain prudent amid an uncertain macroeconomic outlook. Use its current transaction data and engage a Qualified Person before assigning value to redevelopment potential.