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Q1


Retail Report — Q1 2026
Island-wide retail occupancy held steady at 93.7% in Q1 2026 despite high-profile store closures, as vacancies were quickly backfilled amid international visitor arrivals of 4.4 million — up 9.8% from Q4 2025. Prime Orchard/Scotts Road rents are projected to grow at 1.5% to 2.5% through 2026.


Office Report — Q1 2026
Central Region office rents remained broadly stable in Q1 2026, easing marginally by 0.2%, as island-wide occupancy held firm at 95.0%. New supply remains highly constrained, with Shaw Tower the only major completion expected in Q2 2026.


Industrial Report — Q1 2026
The JTC all industrial rental index rose 0.4% in Q1 2026, with all segments recording positive rental growth and overall occupancy climbing to 88.9%, driven by stronger occupier demand for multiple-user and single-user factory spaces. Industrial rents are expected to grow steadily at 1% to 3% through 2026.


Luxury Report — Q1 2026
Luxury home sales rose in Q1 2026 with 188 transactions, surpassing both Q3 and Q4 2025 and outpacing the three-quarter average of 137 units, with new sales marking their fourth consecutive quarter of growth. CCR condos priced above S$3,000 psf and S$5 million climbed to 75 deals, even as total transaction value edged down slightly to S$1.7 billion.


HDB Resale & BTO — Q1 2026
HDB resale prices dipped marginally by 0.1% in Q1 2026 — the first decline in seven years — with 20 towns recording either minimal gains or price falls. Demand for premium flats held firm, with million-dollar transactions reaching a Q1 record of 412 units and deals above S$800,000 jumping 30%, while the full-year price growth projection is maintained at 2% to 4%.


Private Residential Sales — Q1 2026
Private home prices rose at a slower pace in Q1 2026, with sales dipping across most segments, though new homes in prime locations, executive condominiums, select suburban projects, and luxury residences continued to perform. Resale prices held steady despite fewer transactions, and landed prices for new properties edged up, with the full-year price growth projection maintained at 2.5% to 4.5%.
For more insights on the residential sector, visit OrangeTee Research Hub.
For more insights on the commercial sector, explore ETC Insights.
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