Singapore Figures Q2 2026

Executive Summary

• Office: Singapore’s office market remained tight in Q2 2026, as Core CBD (Grade A) vacancy held steady at a record low of 3.3% and rents extended their climb for the sixth straight quarter.
• Business Parks: Average rents across both submarkets remained stable in Q2 2026. However, rental performance continued to diverge by asset quality.
• Retail: In Q2 2026, rental growth was recorded across all submarkets. As a result, islandwide prime retail rents rose by 0.4% q-o-q, bringing H1 2026 rent growth to 0.9%.
• Industrial: Prime logistics rents held firm in H1 2026, demonstrating resilience despite rising fuel costs faced by logistics operators. Average warehouse and factory rents were also flat.
• Residential: Despite fewer launches and increased market volatility, new home sales in Q2 2026 remained robust. Private home prices rose 0.5% q-o-q in Q2 2026 based on flash estimates, easing from 0.9% q-o-q growth in Q1 2026.
• Investment: Following a record-breaking Q1 2026, preliminary real estate investment volumes eased 30.0% q-o-q to $14.276 bn in Q2 2026. Despite the q-o-q decline, volumes more than doubled y-o-y, making Q2 2026 the second-strongest quarter on record and lifting H1 2026 volumes to $34.658 bn.