When the Urban Redevelopment Authority (URA) published its full 3rd Quarter 2026 real estate statistics on 23 October 2026, one headline number changed for prime-district buyers. Non-landed homes in the Core Central Region (CCR) – the band covering Districts 9, 10 and 11 – rose 0.3% in the quarter. The early flash estimate three weeks earlier had shown a 0.1% dip, which we covered in our flash estimate article.
The move is small, but it matters for how to read the quarter: prime prices did not fall, they largely paused after a strong Q2. Here is what the final data shows, and where the real changes are – in rents, vacancies and supply.
Flash versus final: what changed
URA's flash estimate is compiled from transactions up to mid-September, and URA itself cautions that flash estimates may differ from actual changes. The final figures, which cover the whole quarter, were slightly firmer in every non-landed segment:
| URA price index (quarter-on-quarter) | Q2 2026 | Q3 2026 flash | Q3 2026 final |
|---|---|---|---|
| Overall private residential | +0.5% | +1.4% | +1.4% |
| Landed homes | +2.5% | +2.8% | +2.9% |
| Non-landed (all regions) | −0.1% | +0.9% | +1.0% |
| Non-landed – CCR | +1.8% | −0.1% | +0.3% |
| Non-landed – RCR | −1.2% | +0.2% | 0.0% |
| Non-landed – OCR | −0.1% | +2.2% | +2.3% |
URA's annex puts the CCR non-landed price index at 162.0 in Q3, against 161.5 in Q2. Taking the quarterly changes URA reported for 2026 (+0.6% in Q1, +1.8% in Q2 and +0.3% in Q3), compounding them gives a rise of roughly 2.7% for prime condos over the first nine months – our own arithmetic, not a URA figure. For comparison, URA said the overall index rose by an average of 0.9% per quarter over the same period, similar to the first three quarters of 2025. Our Q2 2026 review has the earlier detail.
Prime rents slipped
The rental picture was less flattering for the CCR. URA said rents for non-landed homes in the CCR fell 0.3% in Q3, after a 1.2% rise in Q2. Rents in the RCR rose 1.5% and in the OCR 3.1%, and overall private rents rose 1.3%.
Vacancy rates tell a similar story. The vacancy rate of completed private homes in the CCR was 8.4% at the end of Q3, up slightly from 8.3%. The RCR moved from 6.1% to 7.4%, and the OCR from 5.6% to 6.5%. Island-wide, vacancy rose to 7.2% from 6.4%, as URA recorded 3,559 completions (including ECs) in the quarter – the highest quarterly total since Q3 2024.
For anyone planning to rent out a prime home, this is a reminder that the CCR's 8.4% vacancy rate is still the highest of the three regions.
Sales slowed after a busy first half
Developers launched 1,140 uncompleted private homes (excluding ECs) in Q3, down from 1,783 in Q2, and sold 1,183 units, compared with 2,141 in Q2. Resales did most of the work: 3,801 resale transactions made up 73.9% of all sales in the quarter, against 62.0% in Q2. We looked at the monthly pattern in our September new home sales article.
Supply: a large pipeline to digest
URA reiterated that the 2H2026 Confirmed List of Government Land Sales (GLS) sites will bring 4,745 private homes to market, taking the full-year Confirmed List supply to 9,320 units – more than 50% above the annual average of the past 10 years. By URA's count, about 32,800 units (including ECs) could be made available for sale over the next one to two years, and about 57,200 homes are expected to be completed in the coming years: roughly 22,300 by 2028 and 34,900 from 2029 onwards.
Of the 44,738 units with planning approval, 20,300 remained unsold at end-Q3.
What this means for D9, D10 and D11 buyers
- Prime prices are consolidating, not correcting. A 1.8% Q2 gain followed by 0.3% is a pause, but one quarter is not a trend.
- Rents are the soft spot. If you are buying to let, weigh the CCR's softer rents and 8.4% vacancy rate against your holding costs.
- Supply is heavy elsewhere. Much of the pipeline is outside the CCR, but the GLS slate does include prime sites, which we covered in our look at the Gilstead Court en bloc and Orchard Boulevard GLS.
- Prudence is the official line. URA says the macroeconomic outlook, including global and domestic interest rates, remains highly uncertain, and advises households to be prudent when buying property and taking mortgage loans.
Boutique freehold projects such as 32 Gilstead in District 11, now fully sold, are the sort of limited-supply homes that rarely come up in the CCR. Our FAQ explains what made it different.
If you are looking at a similar prime-district home, current launches include Dunearn House, Chancery Hill Collection and The Serra Residences in District 11, UpperHouse at Orchard and 21 Anderson in District 10, and River Modern and The Robertson Opus in District 9. WhatsApp us for price lists, floor plans and showflat appointments.
This article is for general information only and is not financial or investment advice. Figures are from the sources below as at their publication dates.
