2026 Singapore Real Estate Market Outlook

Economy

• GDP is expected to grow at 1 – 3% in 2026, slower than 2025’s 4.8% y-o-y growth. Challenges include escalated geopolitical tensions and a rise in risk-off sentiment. Nevertheless, growth momentum from trade-related sectors is expected to sustain into 2026, while financial services and construction sectors should see steady growth. 

 

Office

• Singapore’s office market continued to outperform expectations in 2025, demonstrating notable resilience despite persistent macroeconomic and geopolitical uncertainties. Firm occupier demand and limited supply should see Core CBD (Grade A) rents growing faster in 2026. 
  
   

Industrial & Logistics

• Despite tariff-related uncertainty which initially delayed decision making in 2025, occupiers largely adopted a long-term view, planning for business continuity. Sustained demand and constrained supply should see prime logistics rents resume some mild growth in 2026.
  
   

Retail

• Leasing sentiments have improved for 2026, despite ongoing challenges faced by retailers. Retail sales and tourism spending growth should support demand for space, coupled with below-historical-average future supply which will drive increase in prime retail rents.

 

Residential

• Buying sentiment and appetite is expected to remain strong amid low interest rates but sales volumes are likely to ease alongside fewer launches. Private home prices are likely to grow at a stable pace in 2026. 
   

Investment

• Singapore ranks among the top 3 investment destinations in APAC in 2026. Investment appetite has improved amid lower interest rates, although downside risks remain with an uncertain geopolitical environment. Nevertheless, a healthy pipeline of investment‑grade assets, alongside sustained rental growth across key sectors, should support growth in transaction volumes.