Singapore 2Q 2026
Resilient markets amid ongoing geopolitical tensions
Click here to download report
Investment
Singapore’s investment sales activity maintained momentum in 2Q 2026 with a total transaction value of S$15.4 billion. Market activity is expected to continue in 2H 2026, with total investment sales expected to reach S$45 to S$50 billion this year, barring major macroeconomic shocks.
Office
Office rents in the Central Region picked up by 0.8% QoQ in 2Q 2026, reversing the 0.2% decline in 1Q 2026. New office supply, especially in the CBD area is likely to remain low until 2028.
Industrial
Industrial rents grew faster in 2Q 2026 than 1Q 2026, despite the 0.1% q-o-q decline in business park rents. Amid ongoing geopolitical uncertainties, occupiers are likely to adopt a more discerning approach when selecting industrial spaces.
Retail
Steady leasing demand for retail units was observed in 2Q 2026, with the island-wide retail occupancy rate falling by a marginal 0.2 percentage points QoQ to 93.5%. New retail supply is projected to be limited, which will give landlords greater pricing power and promote rental growth.
Residential
Private home prices in 2Q 2026 recorded the seventh consecutive quarter of growth, albeit at a slower pace. We expect overall prices to grow modestly by 2.5 to 3.5% this year and around 22,500 to 25,000 private homes (excluding EC) may be transacted this year.