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|February 18,2026Resale Condo Market Watch in January 2026
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Muted resale condo market in January amid seasonal lull
Sales momentum in the overall property market cooled down in January, including the resale condo market. About 677 condo units worth $1.38 billion was resold during the month - compared with the 871 resale transactions valued at $1.68 billion transacted in December.
The resale condo market started 2026 on a softer footing, reflecting the typical slowdown following the year-end festive period. New home sales similarly moderated, with under 500 units sold, largely due to the absence of significant new project launches at the start of the year. In January, resales accounted for nearly 39% of non-landed transactions, while new sale deals accounted for slightly more than half of transactions (57.5%, see Chart 1).
Chart 1: Proportion of private non-landed transactions (excl. EC) by sale type by month
With the drop in new launch activity during the month, the average unit price of new non-landed homes moderated. The average new sales price inched up by 1% month-on-month (MOM) to $2,659 psf in January, while the average resale unit price grew by 1.4% MOM. As such, the new sale and resale price gap declined from 47.5% in December (see Chart 2), to 47% in January.
Chart 2: New sale and Resale Price gap of non-landed homes (overall) by month
Improving gains amongst resale transactions
In terms of profitability, resale condo units transacted in January saw slightly lower gains compared with the previous month. Analysing the profits reaped by resale non-landed private homes in December 2025 and January 2026, it was found that resale condo deals in January garnered smaller profits. The proportion of loss-making transactions was marginally lower in January 2026 over the previous month. The resale profit analysis involves computing gains achieved for the units by matching the condo resale transactions in December against their respective previous purchase price, according to caveats lodged.
The study showed that 13.1% of resale condo transactions (112 deals) in January made more than $1 million in profits, a smaller proportion to December (14.1%). Of these million-dollar profit-making deals, the deals are evenly distributed amongst the three market segments, 33.7% in the Rest of Central Region (RCR), 31.3% in the Core Central Region (CCR) homes and 34.9% in the Outside Central Region (OCR). Loss-making deals in January accounted for 5.1% of transactions, similar to the proportion of loss-making deals (5.2%) in December (see Chart 3).
Chart 3: Proportion of profit quantum of resale non-landed transactions (December 2025 vs January 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 in the CCR, was Glentrees in District 10, which pulled in an average profit of $1.56 million across three transactions in January. Glentrees was also the overall best performing project in terms of average profit quantum in January.
In the RCR, the most profitable condo development in January was Costa Rhu, a project located in District 15, which achieved an average profit of $1.1 million, across three transactions. In the heartlands or Outside Central Region (OCR), the most profitable project was Clavon in District 5 which garnered an average profit of nearly $873,000 across four transactions.
Top Resale Condo projects^ in terms of average gross profit* by region (January 2026)
Project Name | No. of transactions | Average Profit Gained ($) | Average Annualized Profit (%)# | Year completed | District |
CCR | |||||
| GLENTREES | 3 | $1,561,800 | 4.6% | 2005 | 10 |
| PATERSON SUITES | 4 | $493,277 | 1.5% | 2010 | 9 |
| D'LEEDON | 5 | $408,514 | 1.9% | 2014 | 10 |
RCR | |||||
| COSTA RHU | 6 | $1,108,935 | 4.0% | 1997 | 15 |
| COTE D'AZUR | 3 | $868,503 | 4.3% | 2004 | 15 |
| PARC ESTA | 4 | $711,750 | 6.4% | 2022 | 14 |
OCR | |||||
| CLAVON | 3 | $872,963 | 6.8% | 2024 | 5 |
| THE PANORAMA | 3 | $807,727 | 5.6% | 2017 | 20 |
| PARC CLEMATIS | 3 | $742,296 | 7.0% | 2023 | 5 |
Going by districts, resale homes in District 21 (Upper Bukit Timah, Clementi) raked in the highest profits on quantum basis, with transactions reaping average gains of over $1.02 million per deal. In terms of annualised gains, resale homes in District 5 (Clementi, Pasir Panjang, West Coast) enjoyed an average annualised profit of 4.3% per deal.
Top 10 Resale Condo districts^ in terms of average gross profit* (January 2026)
District | No. of transactions** | Average Gains ($) | Average Annualised Gains (%)# |
D21 | 18 | $984,543 | 4.0% |
D10 | 36 | $876,970 | 2.6% |
D11 | 15 | $812,388 | 3.3% |
D20 | 17 | $709,703 | 4.2% |
D9 | 39 | $642,460 | 1.8% |
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