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|September 23,2026Resale Condo Market Watch in August 2026
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Rebound in resale condo market activity in August
Sales momentum in the overall property market took a breather in August after a brief bounce back in July, including the resale condo market. About 932 condo units worth $1.85 billion was resold during the month - just slightly under the 1,033 resale transactions valued at $2.07 billion transacted in July. In August, resales transactions accounted for 83.1% of non-landed transactions, while new sale transactions accounted for 13.6% of transactions, as new sale activities paused during the month due to the Hungry Ghost Festival (see Chart 1).
Chart 1: Proportion of private non-landed transactions (excl. EC) by sale type by month
With the pause in new launch activity during the month, the average unit price of new non-landed homes dipped from the previous month. The average new sales price fell 3.1% month-on-month (MOM) to $2,612 psf in August, while the average resale unit price slipped by 0.5% MOM. As such, the new sale and resale price gap slipped from 48.8% in July (see Chart 2), from 43.5% in August.
Chart 2: New sale and Resale Price gap of non-landed homes (overall) by month
Modest gains amongst resale transactions
In terms of profitability, resale condo units transacted in August saw larger gains compared with the previous month. Analysing the profits reaped by resale non-landed private homes in July 2026 and August 2026, it was found that resale condo deals in August garnered higher profits. That said, the proportion of loss-making transactions was also higher in August 2026 over the previous month. The resale profit analysis involves computing gains achieved for the units by matching the condo resale transactions in August against their respective previous purchase price, according to caveats lodged.
The study showed that 17.0% of resale condo transactions (149 deals) in August made more than $1 million in profits, a bigger proportion compared with July (17.1%). Of these million-dollar profit-making deals, the deals was spread amongst the three market segments, 51.0% in the Core Central Region (CCR), 26.8% in the Rest of Central Region (RCR) and 22.1% in the Outside Central Region (OCR) . Loss-making deals in August accounted for 5.7% of transactions, higher compared with the proportion of loss-making deals (4.5%) in July (see Chart 3).
Chart 3: Proportion of profit quantum of resale non-landed transactions (July 2026 vs August 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 Jadescape, within District 20, which pulled in an average profit of more than $688,000 across five transactions in August. It was also the most profitable condo project in the RCR for the month..
Top Resale Condo projects^ in terms of average gross profit* (August 2026)
Project Name | No. of transactions | Average Profit Gained ($) | Average Annualized Profit (%)# | Year completed | Region |
| JADESCAPE | 5 | $688,180 | 4.42% | 2022 | RCR |
| PARC ESTA | 9 | $562,432 | 4.17% | 2022 | RCR |
| AVENUE SOUTH RESIDENCE | 5 | $488,453 | 1.83% | 2023 | RCR |
| GRANDEUR PARK RESIDENCES | 6 | $432,481 | 3.65% | 2020 | OCR |
| THE BAYSHORE | 5 | $423,480 | 4.61% | 1997 | OCR |
| NORMANTON PARK | 8 | $397,813 | 3.23% | 2023 | RCR |
| TREASURE AT TAMPINES | 7 | $396,857 | 4.38% | 2023 | OCR |
| PARK COLONIAL | 7 | $389,286 | 3.58% | 2021 | RCR |
| WHISTLER GRAND | 6 | $381,267 | 3.68% | 2022 | OCR |
| STIRLING RESIDENCES | 6 | $358,648 | 3.51% | 2022 | RCR |
*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-1
Analysis was done based on available data from URA Realis
Going by districts, resale homes in District 20 (MacPherson, Potong Pasir, and Braddell) raked in the highest profits on quantum basis, with transactions reaping average gains of more than $825,000 per deal. In terms of annualised gains, resale homes in District 20 enjoyed the highest average annualised profit of 4.5% per deal.
Top 10 Resale Condo districts^ in terms of average gross profit* (August 2026)
District | No. of transactions** | Average Gains ($) | Average Annualised Gains (%)# |
D20 | 44 | $825,796 | 4.5% |
D21 | 90 | $796,396 | 3.3% |
D15 | 36 | $777,232 | 3.9% |
D8 | 27 | $702,220 | 4.0% |
D10 | 36 | $689,245 | 2.2% |
D16 |
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