Singapore’s prime residential market is expected to be among the world’s stronger performers in the second half of 2026, with capital values forecast to rise between 2% and 3.9%, according to Savills’ latest World Cities Prime Residential Index.
Singapore is one of only seven of the 30 cities tracked by the index expected to post capital-value growth of at least 2% in the second half, alongside Cape Town, Seoul, Kuala Lumpur, Lisbon, Madrid and Barcelona. The forecast follows modest first-half gains, when Singapore’s prime capital values rose 0.4% and rents climbed 1.7% — a rental increase that outpaced the 1.1% average across the 30 cities and accelerated from 0.5% growth in the second half of 2025.
At US$1,850 per square foot as of June 2026, Singapore remains Southeast Asia’s most expensive prime residential market — more than six times Kuala Lumpur’s US$280 per square foot and about 65% above Bangkok’s US$1,120. Globally, Singapore ranks 10th for prime residential prices, behind Tokyo (US$3,140) and Hong Kong (US$3,750). Singapore’s prime rents of US$1.06 per square foot per week rank joint-eighth globally, level with Milan.
Performance elsewhere in Asia-Pacific was mixed: Tokyo was the strongest market globally, with prime capital values up 7% in the first half and 20.4% year-on-year, while Seoul rose 4.1% and Hong Kong stayed broadly flat. Beijing, Shenzhen, Guangzhou and Shanghai all recorded declines, and Bangkok’s capital values and rents each fell more than 5%.
Alan Cheong, Executive Director of Research and Consultancy at Savills Singapore, said the market’s modest first-half growth masked underlying resilience, with demand remaining “fundamentally well supported” by higher land prices. Kelcie Sellers, Associate Director at Savills World Research, said cities combining constrained supply, household wealth creation and sustained international demand are likely to keep outperforming.
References
Real Estate Asia – Singapore prime residential values forecast to rise up to 3.9% in H2 2026
