Singapore Figures Q1 2026

Executive Summary

• Office: Core CBD (Grade A) vacancy compressed to a record low of 3.3%, down from 4.5% in Q4 2025, reinforcing the increasingly landlord-favourable conditions across the market.
• Business Parks: The market remains distinctly two‑tiered, with landlords of weaker‑performing assets relying on higher incentives or rental concessions to attract tenants, while well-located assets continued to command resilient rents.
• Retail: In Q1 2026, rental growth was recorded across all submarkets, with the City Hall/Marina Centre area leading the increase. As a result, islandwide prime retail rents rose by 0.5% q-o-q.
• Industrial: Prime logistics rents were flat in Q1 2026, pausing after the 1.1% q‑o‑q growth last quarter. Average warehouse and factory rents were likewise flat, reflecting a stable market.
• Residential: New home sales in Singapore slowed in Q1 2026 on fewer launches and the Chinese New Year lull. Private home prices rose 0.3% q-o-q in Q1 2026 based on flash estimates, easing from 0.6% q-o-q growth in Q4 2025.
• Investment: Preliminary real estate investment volumes for Q1 2026 surged two-fold q-o-q (up almost three-fold y-o-y) to $19.890 bn, a record quarterly high. This was attributed to several large-ticket portfolio deals and a REIT IPO.