June 2026

SORA edged lower this month, while both fixed and floating mortgage rates continued to fall.

For buyers, the key takeaway is that financing costs remain attractive. Floating mortgage packages are now at 1.28%, while the lowest fixed rates have eased to 1.40%. With mortgage rates trending lower and borrowing conditions remaining favourable, affordability continues to support market activity despite broader economic uncertainty.

Market Outlook

Private residential prices softened slightly this month, but the overall market remains resilient.

Condominium prices dipped 0.10% month-on-month, though they are still 5.32% higher than a year ago. This suggests that buyers remain active, albeit more selective.

The rental market saw a modest decline of 0.39% month-on-month, but rents remain 0.90% higher year-on-year, indicating that leasing demand is still holding up.

HDB resale prices also slipped 0.10% this month and are now 1.78% lower than a year ago, signalling a more balanced resale market with greater room for negotiation.

Indicators at a Glance

REA Property Price Index – HDB Resale:

(–0.10% MoM | –1.78% YoY)

HDB resale prices declined marginally this month and remain below year-ago levels. Buyers may find slightly improved negotiating opportunities as price growth moderates.

REA Property Price Index – Rental (Condominium):

(-0.39% MoM | +0.90% YoY)

Rental rates softened this month after several quarters of strength. However, rents remain above last year's levels, suggesting that tenant demand is still providing support to the leasing market.

REA Property Price Index – Prices (Condominium):

(-0.10% MoM | +5.32% YoY)

Prices eased slightly this month but remain firmly higher than last year. The private residential market continues to show resilience, supported by stable financing conditions and limited supply in selected locations.

SORA: 1.07%

(-1 bps MoM | -49 bps YoY)

SORA edged down by 1 basis point this month.
Fixed mortgage rates have eased to 1.40%, while floating mortgage packages have fallen further to 1.28%. Compared to a year ago, financing costs remain significantly lower, helping to support purchasing activity.

*Figures as of 12 June from Real Insight/MAS/Loan Expert

Summary

The market remains stable overall, with prices and rents experiencing only modest monthly adjustments. While growth has slowed, there is no indication of a broad-based correction. Lower borrowing costs continue to underpin buyer confidence across both owner-occupier and investor segments.

SORA

(1.07% | -1 bps MoM | -49 bps YoY)

SORA edged down by 1 basis point this month.

Fixed mortgage rates have eased to 1.40%, while floating mortgage packages have fallen further to 1.28%. Compared to a year ago, financing costs remain significantly lower, helping to support purchasing activity.

What This Means for Buyers 🔍

Lower Borrowing Costs 

Both fixed and floating mortgage rates moved lower this month. Floating packages at 1.28% remain highly competitive, providing opportunities for homeowners to review refinancing options and potentially reduce monthly repayments.

Private Property Market Remains Resilient 

Although condominium prices dipped 0.10% this month, annual growth remains strong at 5.32%. Buyers waiting for substantial price declines may find that the market continues to hold firm, particularly in well-located projects.

Rental Demand Still Providing Support

Condo rents eased slightly on a monthly basis but remain positive year-on-year. Investors can continue to expect relatively stable rental demand, even as the market normalises from the sharp rental growth seen in previous years.

More Balanced HDB Market

With HDB resale prices down 1.78% year-on-year, buyers may encounter more realistic seller expectations and improved negotiating opportunities compared to recent years.

More Balanced HDB Market

Lower mortgage rates combined with generally stable property prices create a supportive environment for buyers. If financing conditions remain favourable through the second half of 2026, transaction activity could gradually increase as confidence improves.

Summary View

Mortgage rates continue to trend lower, with floating packages now at 1.28% and SORA easing slightly to 1.07%. Private home prices remain resilient despite a small monthly dip, while rents and HDB resale prices are showing signs of stabilisation. Overall, the market appears to be moving into a more balanced phase where affordability remains supportive and major price swings are unlikely in the near term.

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Disclaimer: The information and insights provided in this article are for informational purposes only and are based on Crestbrick’s independent research and views. While we strive to ensure accuracy and reliability, we do not guarantee the completeness, correctness, or timeliness of the data presented. Real estate investments are subject to various risks, including but not limited to market fluctuations, changes in economic conditions, interest rate volatility, regulatory shifts, liquidity constraints, and unforeseen property-specific risks. Past performance is not indicative of future results, and investment outcomes may vary. This article does not constitute investment, financial, or professional advice and should not be relied upon as such. Investors should conduct their own due diligence and seek advice from qualified professionals before making any investment decisions.