Singapore Figures Q3 2026

Executive Summary

• Office: Singapore's office market gained further momentum in Q3 2026. Core CBD (Grade A) rents rose 2.0% q-o-q to $12.75 psf/mth in Q3 2026, the strongest quarterly gain since Q3 2022. Healthy net absorption drove vacancy down from 3.3% in Q2 2026 to 2.6%.
• Business Parks: Singapore’s business park market remained broadly stable in Q3 2026, with islandwide vacancy edging down to 21.9% from 22.0% in Q2 2026.
• Retail: Prime retail rents increased across all submarkets in Q3 2026, led by City Hall/Marina Centre where rents rose 0.5% q-o-q. Demand for quality retail space continued to be supported by tourism spending and office-worker footfall.
• Industrial: Prime logistics rents increased by 0.5% q-o-q in Q3 2026, resuming growth after remaining flat in H1 2026. Factory rents rose 0.6% q-o-q, while warehouse rents stayed flat.
• Residential: New home sales lost momentum in Q3 2026, with notably softer take-up at major launches. Private home prices posted its fastest growth in nearly two years, rising 1.4% q-o-q in Q3 2026 based on flash estimates, and accelerating from 0.5% growth in Q2 2026.
• Investment: After a strong Q2, real estate investment activity cooled in Q3 2026. Preliminary real estate investment volumes fell 12.4% q-o-q to $12.6 bn. Despite the q-o-q decline, 9M 2026 volumes have already surpassed 2025 full-year levels at $47.5 bn.