Market Pulse

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

27 June 2026 · 1-min read · by PropSight

Condo prices are holding steady — 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
→CondosSteadyprices steady over recent months
▼City-centre condosCooling-2.4% while the suburbs rise
Resale flats moving the most
▲ Toa Payoh +5.6%lots of buyers — sellers hold the cards
▲ Bukit Merah +4.2%central, prices still climbing
▼ Geylang -5.9%prices easing — more room to negotiate

The headline numbers look calm this week. Condo prices overall have been steady for a few months now, and HDB resale prices have been roughly flat for the last three months. But zoom in and it is not one single market. The most expensive central areas are cooling, down around 2.4%, while the suburban areas are rising. And within HDB resale, some towns are moving quite sharply: Toa Payoh is up 5.6%, Bukit Merah is up 4.2%, and Geylang has come off by 5.9%. So when someone tells you "the market is flat," ask them which part they mean.

Flat on average does not mean flat everywhere. Some towns are moving fast, in both directions.

If you are buying right now, we think this is actually a decent window, especially if you have been sitting on the fence waiting for prices to fall sharply. They have not, and in towns like Toa Payoh and Bukit Merah, prices are already climbing. If a condo is what you are after and you are open to looking outside the city centre, conditions there are steadier, and the central areas are actually easing a little, which gives you a bit more breathing room to negotiate. The main thing we tell buyers right now: do not wait for a crash that may not come. Focus on what you can genuinely afford, and buy the best unit within that budget.

If you are selling, it really depends on where your place is. If you own in the more central, pricier areas, the market has cooled, so price your home honestly and do not anchor to what your neighbour got twelve months ago. If you are selling in Toa Payoh or Bukit Merah, sentiment is moving your way and you have a bit more room to hold your asking price. Wherever you are, the simple truth is this: a well-priced home still moves. An overpriced one just sits there.

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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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