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Singapore Property Monthly

A free monthly briefing on the Singapore property market — HDB, private residential, landed, commercial & industrial — with the financing and macro context that moves it.

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No. 002 · September 2026

The ceiling rises

The National Day Rally delivers the first BTO income-ceiling rise since 2019 — S$16,000 for families, S$18,000 for ECs — weeks after the wait-out removal. In the first full post-wait-out month, resale volume eased while median prices firmed and million-dollar deals ran at a record pace; a record S$1,515 psf ppr land bid landed on the Greater Southern Waterfront, and the Fed put a September hike on the table.

BTO income ceiling

S$16,000

raised from S$14,000 at NDR — first move since 2019

HDB median resale psf

+1.0%

MoM, August — first full post-wait-out month

HDB resale volume

2,385

flats in August, −10.3% off July’s 2026 high

New private homes sold

731

July — nearly 5× June, but −22% YoY

3M compounded SORA

1.12%

flat through August

MAS core inflation

2.0%

July YoY — fastest since Oct 2024

Read the full briefingDownload PDFCovering August 2026 developments · Published 4 September 2026

Standing Format

The same rundown, every single month

Every issue follows an identical structure built on official URA, HDB, JTC, SingStat and MAS releases, so you can compare month to month at a glance — no hype, sources listed, forecasts clearly attributed as opinions.

Executive summary
§01 Policy watch
§02 HDB resale
§03 Private residential — non-landed
§04 Landed
§05 Commercial & industrial
§06 Financing & rates
§07 Macro & geopolitics
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