Resale Condo Market Watch in September 2026

Summary

The overall property market slowly regained momentum in September after a brief bounce back in August, including the resale condo market. About 983 condo units worth $2.02 billion was resold during the month - just slightly under the 986 resale transactions valued at $1.95 billion transacted in August. In September, resales transactions accounted for 76.4% of non-landed transactions, while new sale transactions accounted for 21.1% of transactions, as new sale activities slowly resumes after the Hungry Ghost Festival (see Chart 1).

Chart 1: Proportion of private non-landed transactions (excl. EC) by sale type by month

With the muted new launch activity during the month, the average unit price of new non-landed homes continued to moderate from the previous month. The average new sales price fell 1.5% month-on-month (MOM) to $2,569 psf in September, while the average resale unit price slipped by 0.2% MOM. As such, the new sale and resale price gap compressed to 40.8% in August (see Chart 2), from 43.3% in September.

Opening paragraphs from the PropNex propnex picks, shared by Ng Li Lian as a PropNex salesperson. Ask Li Lian for the full report.

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