Market Pulse

Condo prices are climbing. The heartland is split. Here's where the market's actually moving.

20 June 2026 · 1-min read · by PropSight

Condo prices are rising — led by the suburbs and the areas just outside the city. HDB resale is holding steady. The priciest central areas have cooled a little.

This week at a glancestraight from official data
The signals
→Resale flatsSteadyprices flat the last 3 months
▲CondosRisingprices up over recent months
▼City-centre condosCooling-2.4% while the suburbs rise
Resale flats moving the most
▲ Clementi +3.9%lots of buyers — sellers hold the cards
▲ Bukit Merah +3.2%central, prices still climbing
▼ Geylang -5.9%prices easing — more room to negotiate

Condo prices have been climbing steadily over the past few months, so that part of the market is genuinely moving up. HDB resale has been much calmer, basically flat for three months now. What makes this week interesting is that even within condos, the picture is split. The priciest central areas of Singapore are actually cooling, down around 2.4%, while the suburbs are holding up well. In HDB resale, three towns tell three very different stories: Clementi is up 3.9%, Bukit Merah is up 3.2%, and Geylang is down 5.9%. This is not one market moving together. It is many small markets sharing the same island.

Your result this month depends more on your specific town than on the market overall.

If you are buying a condo, the city centre is giving you a bit more breathing room right now. Prices there are easing, so the pressure is lower than it was. In the suburbs, prices are still rising, so if you have found something you like, there is less reason to wait and see. For HDB buyers, the town matters a lot right now. Clementi and Bukit Merah are moving up, and sellers there are not in a rush to budge on price. Geylang has come off quite a bit, which means there is real value there if the location works for your family.

If you are selling, a suburban condo is in a good spot. Demand is still there and prices are rising, so you have room to hold your price. A city centre unit needs to be priced sharper because buyers in that market have more options and they know it. For HDB sellers, Clementi and Bukit Merah owners are sitting pretty right now. In Geylang, the numbers say you need to price realistically to get a deal done. Wherever you are, the honest takeaway this week is simple: location is doing more work than the overall market is.

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Built on: official URA private transactions & HDB resale data, refreshed weekly. Movements compare the last 3 months of sales against the 3 before, for areas with enough transactions to be a real trend.

This is our read on the market to help you think it through — not financial advice, and your own situation can differ. Figures are indicative and based on transactions lodged to date.

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