Condo Prices in Singapore 2026: OCR psf Benchmarks and Where Hougang Fits
Where condo prices in Singapore stand as of September 2026: URA’s latest Q2 2026 price index, OCR psf benchmarks from Hougang resale to Parktown Residence, and where LinkTown Residences may land.
Ask five people about the condo price in Singapore today and you will hear five numbers. That is because “the market” is really several markets: new launches and resale, city and suburbs, landed and non-landed. This guide narrows it down to what matters for most home buyers in 2026: what the official price index says, what recent Outside Central Region (OCR) condos have transacted at, and where Hougang, and the upcoming LinkTown Residences (Hougang Central Residences), fits on that map.
Singapore property prices: what the URA price index shows
Information is accurate as of September 2026; we update this page when rules or figures change.
The Urban Redevelopment Authority’s private residential property price index is the official yardstick. It tracks price changes quarter by quarter, rather than an average dollar psf. Here are the latest published figures, with Q2 2026 the most recent quarter released as of September 2026.
| Period (URA final figures) | Overall index | Non-landed, OCR | Source |
|---|---|---|---|
| Full year 2025 | +3.3% (landed +7.6%, non-landed +2.3%) | +3.2% | URA, 23 Jan 2026 |
| Q1 2026 | +0.9% (landed −0.4%, non-landed +1.3%) | +2.2% | URA, 24 Apr 2026 |
| Q2 2026 (latest) | +0.5% (landed +2.5%, non-landed −0.1%) | −0.1% | URA, 24 Jul 2026 |
| Q3 2026 | Flash estimate expected in early October 2026; final figures about four weeks later | URA (pending) | |
Three takeaways. First, 2025’s rise was the most modest since 2020, so the sharp gains of the post-pandemic years have cooled. Second, the OCR led non-landed growth across 2025 and again in Q1 2026 (+2.2%), as buyers chased new suburban launches. Third, in Q2 2026 non-landed prices were broadly flat: the city fringe (RCR) fell 1.2%, the OCR slipped 0.1% and the core (CCR) rose 1.8%. Compounding Q1 and Q2 gives an overall rise of about 1.4% in the first half of 2026.
Developers sold 2,141 new private homes (excluding ECs) in Q2 2026 and there were 3,813 resale transactions, according to URA’s 24 July 2026 release. Note that the Q2 flash estimate on 1 July 2026 showed slightly different regional numbers (OCR −0.2%, RCR −1.4%, CCR +2.0%); the final figures above replace it. URA’s Q3 2026 flash estimate is due in early October 2026, so check URA’s media releases for the latest figures before relying on these.
Why prices have slowed: cooling measures still in force
- ABSD at 20% for citizens buying a second home and 60% for foreigners, since 27 April 2023 and unchanged as of September 2026. See our stamp duty guide.
- TDSR at 55% of income, with a 4% stress-test rate for private property loans (as of September 2026).
- Seller’s Stamp Duty on homes bought from 4 July 2025, with a four-year holding period, as announced.
Together these rules favour owner-occupiers and HDB upgraders over short-term investors, which is one reason OCR launches near MRT stations have held up better than luxury city projects in some quarters.
OCR condo price benchmarks: new launch vs resale
Hougang is in District 19 and in the OCR, the most affordable of URA’s three market segments. Our OCR, RCR and CCR explainer covers the boundaries. Within the OCR, the gap between new and older condos is wide. These figures are based on reported transaction data and are approximate, as of September 2026.
| Project | Type | Reported average psf | Context |
|---|---|---|---|
| Riverfront Residences, Hougang | Resale | ~S$1,736 | Last 12 months to mid-2026 |
| The Florence Residences, Hougang | Resale | ~S$1,877 | Last 12 months to mid-2026 |
| Sengkang Grand Residences | Resale, integrated | ~S$2,011 | 2025; completed around 2023 |
| Parktown Residence, Tampines | New launch, integrated | ~S$2,360 at launch; ~S$2,484 later | Launched Feb 2025 |
| Pinery Residences, Tampines | New launch, mixed-use | ~S$2,546 at launch | Launched Mar 2026; about 92.5% of 588 units sold on launch weekend (EdgeProp) |
| LinkTown Residences, Hougang Central | Upcoming, integrated | ~S$2,500–2,600 (analyst estimate) | Expected early 2027 (UOL guides 2H 2027, Aug 2026) |
The pattern is familiar across Singapore. A new launch is priced above nearby resale because it has a fresh 99-year lease, new facilities and, in these cases, a mall or retail podium and transport links downstairs. Buyers pay for that with a higher psf and a wait of several years for TOP. Our new launch vs resale guide weighs the trade-offs.
What the benchmarks tell you about Hougang
Parktown Residence is the closest like-for-like comparison: the same developer partners (UOL and CapitaLand Development, with SingLand), an integrated mall and bus interchange, and a future Cross Island Line station. It sold about 87% of its 1,193 units on launch weekend at about S$2,360 psf, and the reported average later rose to about S$2,484 psf. A year later, Pinery Residences in Tampines West averaged about S$2,546 psf at its March 2026 launch, based on reported figures, which shows where suburban mixed-use pricing had moved by 2026.
LinkTown Residences sits above an existing North-East Line station that is set to become an NEL–CRL interchange, and it is closer to the city by train. Analysts’ expectation of S$2,500 to S$2,600 psf reflects both that premium and the higher land price: the consortium paid S$1,179 psf ppr for the site. Our LinkTown Residences price estimate explains how analysts get there.
Condo resale price vs new launch: the quantum view
Psf is useful for comparison, but you pay in quantum. Using indicative sizes from Parktown Residence (not official LinkTown plans), a 2-bedroom of 678 sq ft works out to about S$1.70 million at S$2,500 psf, and a 3-bedroom of 1,066 sq ft to about S$2.67 million. The same 3-bedroom size at a Hougang resale average of about S$1,800 psf would cost roughly S$1.92 million, although older resale units are often larger for the same bedroom count.
For many HDB upgraders, the real comparison is against their flat’s value. Hougang HDB resale medians for January to September 2026 were about S$619,000 for a 4-room and S$775,000 for a 5-room flat, which shapes how much cash and CPF they can bring to a condo.
How to judge whether a condo price is fair
Averages hide a lot. Before comparing one project’s psf with another’s, adjust for the things that move price within the same town:
- Age and lease. A 99-year leasehold condo completed 15 years ago has less lease left than a new launch, which affects CPF usage, loans and future buyers.
- Unit size. Smaller units usually carry a higher psf but a lower quantum. Compare like with like: a 2-bedroom against 2-bedrooms.
- Floor and facing. High floors and unblocked views often cost more per square foot in the same block.
- Connectivity. A direct MRT link or an integrated mall tends to command a premium over a condo a bus ride away.
- Transaction date. A price from 2024 is not a price from 2026. Use recent transactions, and check them on URA’s own tools.
Singapore property market 2026: what to watch
- URA’s Q3 2026 flash estimate. Due in early October 2026, it will show whether the flat non-landed reading in Q2 continued.
- The new launch pipeline. Supply from Government Land Sales in the north-east affects how much choice buyers have. Our new launch condos 2026–2027 guide tracks what is coming.
- Interest rates. Lower mortgage rates improve affordability, but the 4% stress test still caps borrowing. See our home loan rates page for the latest dated figures.
- Policy. Any change to ABSD, SSD or loan limits can shift demand quickly, usually with little notice.
- The LinkTown launch. Its price list will be a key new data point for Hougang. Our launch timeline tracks what has and hasn’t been announced.
Price indices describe the whole market. Your decision rests on one unit, one budget and one holding period. When the LinkTown Residences price list is out, we will compare it line by line with these benchmarks. Register your interest to get the comparison.
Index figures from URA releases dated 23 Jan 2026, 24 Apr 2026, 1 Jul 2026 (flash) and 24 Jul 2026 (final Q2 2026, the latest released quarter as of September 2026). Project psf figures are approximate, based on reported transaction data, and may differ from other sources. LinkTown Residences prices are analyst estimates, not official. Information is accurate as of September 2026. Published by an independent licensed salesperson, not the developer.
