Singapore’s resale property market continued to draw attention in May 2026, as buyers and sellers kept a close watch on transaction activity and price movements. In this Singapore Property Market Snapshot for May 2026 focusing on the latest resale trends, we look at the latest data for condos, HDB flats and landed homes, including monthly transaction volume, average resale prices, the most popular resale projects and the highest-value transactions recorded during the month.
Condo Resale Market
1. Condo Resale Volume and Price Trend
Chart: Condo Resale Volume and Price trend in 2026. Source: RealInsight
Condo resale volume rose from 1,071 transactions in January to a peak of 1,254 in April, before easing to 1,139 in May. Despite the lower volume in May, the average resale price increased to S$2.089 million, the highest level in the January to May period. This suggests that while resale activity softened slightly after April, higher-value condo transactions helped lift the average resale price in May.
2. Top 5 Most Popular Condo Resale Projects
Table: Top 5 Most Popular Resale Condo in May 2026. Source: RealInsight
The top condo resale projects were mostly large, established developments with healthy transaction activity, led by Riverfront Residences with 13 transactions, followed by Reflections at Keppel Bay and Treasure at Tampines with 10 each. Average resale PSF ranged from about $1,630 to $1,980, showing that demand was not limited to one price segment. While D19 appeared twice, the overall data suggests buyers were active across a mix of suburban, city-fringe and premium waterfront projects.
3. Top 5 Highest Condo Resale Prices
Table: Top 5 Condo Resale Price in May 2026. Source: RealInsight
The top condo resale prices in May 2026 were concentrated entirely in prime districts D09 and D10, showing that the highest-value resale demand remained firmly within Singapore’s luxury market. A 4-bedroom penthouse at The Ritz-Carlton Residences stood out clearly with the highest resale price at S$39 million and S$5,999 PSF, significantly above the rest of the top 5.
HDB Resale Market
1. HDB Resale Volume and Price Trend
Table: HDB Resale Volume and Price trend in 2026. Source: RealInsight
HDB resale volume increased from 2,104 transactions in January to 2,288 in May, making May the highest-volume month in 2026. However, the average resale price eased from S$677,000 in April to S$661,000 in May. This suggests that while buyer activity strengthened in May, the higher volume may have been driven by more transactions in relatively lower-priced segments rather than a continued rise in average resale prices.
2.. Top 5 Most Popular HDB Resale Projects in May 2026
Table: Top 5 Most Popular HDB Projects in May 2026. Source: RealInsight
The most popular HDB resale projects in May 2026 were spread across both mature and suburban estates, with D18 appearing twice through Tampines Greenverge and Tampines Greenridges. West Plains @ Bukit Batok recorded the highest volume with 22 transactions, while Tampines Greenverge followed with 18 transactions. Average resale PSF ranged from S$670 to S$1,250, with Skyparc @ Dawson standing out as the highest-PSF project despite having fewer transactions than the top two.
3. Top 5 Highest HDB Resale Prices
Table: Top 5 HDB Resale Price in May 2026. Source: RealInsight
The highest HDB resale prices in May 2026 were mainly driven by large 5-room flats in central or city-fringe locations, with D03 appearing twice through Skyoasis @ Dawson. The top transaction was a 1,195 sqft 5-room flat at Skyoasis @ Dawson, which sold for S$1.66 million at S$1,388 PSF. The Pinnacle@Duxton recorded the highest PSF among the top 5 at S$1,442 PSF, while the Bishan executive flat stood out for its larger size of 1,604 sqft but lower PSF of S$985. Overall, the data shows that premium HDB resale demand remained strongest for larger flats in highly accessible, mature estates.
Landed Resale Market
1. Landed Resale Volume and Price Trend
Table: Landed Resale Volume and Price trend in 2026. Source: RealInsight
Landed resale activity softened in May 2026, with volume falling to 153 transactions, the lowest level from January to May. The average resale price also declined to S$5.48 million, down from April’s S$6.613 million. This suggests that May saw fewer high-value landed transactions compared to earlier months, with the landed resale market becoming more selective after stronger activity in March and April.
2. Top 5 Highest Landed Resale Prices
Table: Top 5 Landed Resale Price in May 2026. Source: RealInsight
The highest landed resale prices in May 2026 were concentrated mainly in prime landed districts, especially D11, which accounted for three of the top five transactions. The top sale was a detached house at Raffles Park, transacting at S$23 million for a 10,900 sqft land plot, making it the clear standout by overall price. Most of the top deals were detached houses, showing that demand at the upper end of the landed market was largely driven by larger freehold homes in established landed enclaves, with prices ranging from S$14 million to S$23 million.
Read Part 2 of the Property Market Snapshot for May 2026 here, where we analyse top gains and losses across condos, HDBs and landed homes.
Key Takeaways
Overall, May 2026 showed a mixed but active resale market across all three property segments. Condo resale prices reached their highest average level so far this year despite softer volume, supported by higher-value transactions. HDB resale activity remained strong, with May recording the highest volume from January to May, although average prices eased slightly. In contrast, landed resale activity slowed, with both volume and average prices declining from April. Across all segments, demand remained selective, with buyers still willing to pay premiums for larger homes, strong locations and well-established projects.
*The data presented in this monthly report is accurate as of 15 June 2026. While we strive to provide the most up-to-date information available, it is important to note that there may be a small percentage of transactions that experience delays in reporting from the respective agencies and government sources. Therefore, the data provided should be interpreted with this in mind, and you are encouraged to verify the latest information for your specific needs.
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Continue to read our previous monthly reports:
Singapore Property Market Snapshot - April 2026
Singapore Property Market Snapshot - March 2026
Singapore Property Market Snapshot - February 2026
Singapore Property Market Snapshot - January 2026
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