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|July 15,2026Resale Condo Market Watch in June 2026
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Subdued resale condo market activity in June
Sales activity in the overall property market pulled back further in June, including the resale condo market - largely due to the seasonal lull amid the June school holidays. About 888 condo units worth $1.86 billion was resold during the month - compared with the 976 resale transactions valued at $2.07 billion transacted in May. In June, resales transactions accounted for 82.5% of non-landed transactions, while new sale transactions accounted for 13.9% of transactions, reflecting the highest resale proportions on record since December 2025 (79.3%) (see Chart 1).
Chart 1: Proportion of private non-landed transactions (excl. EC) by sale type by month
Despite the slower new launch activity during the month, the average unit price of new non-landed homes continued to pick up from the previous month. The average new sales price grew 4.1% month-on-month (MOM) to $2,558 psf in June, while the average resale unit price slipped by 10.3% MOM. As such, the new sale and resale price gap crept up from 39% in May (see Chart 2), to 45% in June.
Chart 2: New sale and Resale Price gap of non-landed homes (overall) by month
Improving gains amongst resale transactions
In terms of profitability, resale condo units transacted in June saw smaller gains compared with the previous month. Analysing the profits reaped by resale non-landed private homes in May 2026 and June 2026, it was found that resale condo deals in June garnered more profits. The proportion of loss-making transactions was higher in June 2026 over the previous month. The resale profit analysis involves computing gains achieved for the units by matching the condo resale transactions in May against their respective previous purchase price, according to caveats lodged.
The study showed that 17.7% of resale condo transactions (146 deals) in June made more than $1 million in profits, a higher proportion compared with May (15.1%). Of these million-dollar profit-making deals, the deals was well spread amongst the three market segments, 39% in the Rest of Central Region (RCR), 31.5% in the Outside Central Region (OCR) and 29.5% in the Core Central Region (CCR) homes. Loss-making deals in June accounted for 5.2% of transactions, lower compared with the proportion of loss-making deals (6.5%) in May (see Chart 3).
Chart 3: Proportion of profit quantum of resale non-landed transactions (May 2026 vs June 2026)
The average profit was subsequently computed on a project basis. To minimise sampling errors, resale condominium projects that posted fewer than three transactions during the month are excluded from the study. Based on URA Realis caveat data analysed by PropNex Research, the most profitable condo for the month, was Bartley Ridge, within District 13, which pulled in an average profit of more than $727,000 across six transactions in June. It was also the most profitable condo project in the RCR for the month.
In the CCR, the most profitable condo development in June was D'Leedon, a project located in District 10, which achieved an average profit of over $596,000, across nine transactions. In the heartlands or Outside Central Region (OCR), the most profitable project was Jewel @ Buangkok in District 6 which garnered an average profit of over $549,000 across five transactions.
Top Resale Condo projects^ in terms of average gross profit* (June 2026)
Project Name | No. of transactions | Average Profit Gained ($) | Average Annualized Profit (%)# | Year completed | Region |
| BARTLEY RIDGE | 6 | $727,317 | 4.9% | 2016 | RCR |
| JEWEL @ BUANGKOK | 5 | $604,200 | 4.9% | 2016 | OCR |
| D'LEEDON | 9 | $596,592 | 3.0% | 2014 | CCR |
| BOTANIQUE AT BARTLEY | 6 | $549,315 | 5.0% | 2019 | OCR |
| LAKE GRANDE | 7 | $461,413 | 3.7% | 2019 | OCR |
| RIVERSAILS | 5 | $460,400 | 5.2% | 2016 | OCR |
| HIGH PARK RESIDENCES | 5 | $454,200 | 4.5% | 2019 | OCR |
| QUEENS PEAK | 7 | $442,717 | 3.3% | 2020 | RCR |
| STIRLING RESIDENCES | 8 | $430,572 | 4.0% | 2022 | RCR |
| CLAVON | 5 | $400,200 | 4.9% | 2024 | OCR |
^projects with fewer than 5 transactions in the month are excluded from this analysis
*Gains are derived from the resale transaction for each unit against the unit's last caveated transaction; the average profit is determined on the profits of all resale transactions in the development which occurred during the month. The profit reflected is gross - it has not accounted for the applicable seller's stamp duties, interest payable, taxes and other relevant divestment costs.
#Annualised Gains is the compounded annual rate of return which shows the rate of return over the time period between the point of resale and the property's last caveated transaction, expressed in annual percentage terms. The formula for determining this is simply: [(current resale price) / (purchase price)] time period in years-1Analysis was done based on available data from URA Realis
Going by districts, resale homes in District 21 (Upper Bukit Timah, Ulu Pandan, Clementi) raked in the highest profits on quantum basis, with transactions reaping average gains of more than $924,000 per deal. In terms of annualised gains, resale homes in District 20 (Ang Mo Kio, Bishan, Thomson) enjoyed an average annualised profit of 5.4% per deal.
Top 10 Resale Condo districts^ in terms of average gross profit* (June 2026)
District | No. of transactions** | Average Gains ($) | Average Annualised Gains (%)# |
D21 | 28 | $924,367 | 4.0% |
D20 | 23 | $889,562 | 5.4% |
D15 | 69 | $826,123 | 4.2% |
D11 | 28 | $818,049 | 2.6% |
D10 | 57 | $703,622 | 2.5% |
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