PropNex Picks
|March 18,2026Resale Condo Market Watch in February 2026
Share this article:
Pick up in resale condo market activity in February
Sales momentum in the overall property market picked up gradually in February, including the resale condo market. About 810 condo units worth $1.69 billion was resold during the month - compared with the 808 resale transactions valued at $1.64 billion transacted in January.
The resale home market got off to a slow start to 2026 as the property market gradually shakes off the sluggishness of the year-end festivities. Activity in the new sale market remained muted with just 244 non-landed new units transacted, due to a lack in major new launches during the lunar new year festivities. In February, resales accounted for the majority of non-landed transactions (74.4%), while new sale deals accounted for just 22.4% of transactions (see Chart 1).
Chart 1: Proportion of private non-landed transactions (excl. EC) by sale type by month
Despite the muted new launch activity during the month, the average unit price of new non-landed homes remained resilient. The average new sales price grew by 1.8% month-on-month (MOM) to $2,718 psf in February, while the average resale unit price inched up by 0.9% MOM. As such, the new sale and resale price gap grew from 48.3% in January (see Chart 2), to 49.5% in February.
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 February saw slightly lower gains compared with the previous month. Analysing the profits reaped by resale non-landed private homes in January 2026 and February 2026, it was found that resale condo deals in February garnered more profits. The proportion of loss-making transactions was lower in February 2026 over the previous month. The resale profit analysis involves computing gains achieved for the units by matching the condo resale transactions in January against their respective previous purchase price, according to caveats lodged.
The study showed that 15.5% of resale condo transactions (117 deals) in February made more than $1 million in profits, a higher proportion compared with January (13.6%). Of these million-dollar profit-making deals, the deals are evenly distributed amongst the three market segments, 37% in the Rest of Central Region (RCR), 33% in the Core Central Region (CCR) homes and 30% in the Outside Central Region (OCR). Loss-making deals in February accounted for 3.8% of transactions, slightly lower compared with the proportion of loss-making deals (4.8%) in January (see Chart 3).
Chart 3: Proportion of profit quantum of resale non-landed transactions (January 2026 vs February 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 Leedon Residence in District 10, which pulled in an average profit of $1.67 million across three transactions in February. Leedon Residence was also the overall best performing project in terms of average profit quantum in February.
In the RCR, the most profitable condo development in February was Casuarina Cove, a project located in District 15, which achieved an average profit of $1.13 million, across three transactions. In the heartlands or Outside Central Region (OCR), the most profitable project was Costa Del Sol in District 16 which garnered an average profit of $1.27 million across three transactions.
Top Resale Condo projects^ in terms of average gross profit* by region (February 2026)
Project Name | No. of transactions | Average Profit Gained ($) | Average Annualized Profit (%)# | Year completed | District |
CCR | |||||
| LEEDON RESIDENCE | 3 | $1,667,380 | 2.9% | 2015 | 10 |
| D'LEEDON | 3 | $1,137,397 | 2.9% | 2014 | 10 |
| MARTIN MODERN | 4 | $277,576 | 1.6% | 2021 | 9 |
RCR | |||||
| CASUARINA COVE | 3 | $1,134,667 | 3.8% | 1996 | 15 |
| SIMSVILLE | 3 | $1,044,233 | 3.8% | 1998 | 14 |
| THOMSON THREE | 3 | $889,000 | 4.3% | 2016 | 20 |
OCR | |||||
| COSTA DEL SOL | 3 | $1,272,067 | 3.2% | 2003 | 16 |
| THE PARC CONDOMINIUM | 4 | $1,072,710 | 4.6% | 2010 | 5 |
| SUNGLADE | 3 | $1,031,937 | 4.4% | 2003 | 19 |
*Gains are derived from the resale transaction for each unit against the unit's last caveated transaction; the average profit is determined on the profits of all resale transactions in the development which occurred during the month. The profit reflected is gross - it has not accounted for the applicable seller's stamp duties, interest payable, taxes and other relevant divestment costs.
#Annualised Gains is the compounded annual rate of return which shows the rate of return over the time period between the point of resale and the property's last caveated transaction, expressed in annual percentage terms. The formula for determining this is simply: [(current resale price) / (purchase price)] time period in years-1
Analysis was done based on available data from URA Realis
Going by districts, resale homes in District 11 (Novena, Watten Estate) raked in the highest profits on quantum basis, with transactions reaping average gains of nearly $950,000 per deal. In terms of annualised gains, resale homes in District 18 (Pasir Ris, Tampines) enjoyed an average annualised profit of 4.9% per deal.
Top 10 Resale Condo districts^ in terms of average gross profit* (February 2026)
District | No. of transactions** | Average Gains ($) | Average Annualised Gains (%)# |
D11 | 21 | $949,616 | 3.4% |
D15 | 74 | $879,649 | 4.0% |
D10 | 57 | $873,683 | 2.7% |
D21 | 19 | $857,828 | 4.1% |
D20 | 20 | $761,537 | 4.6% |
D22 |
Explore Your Options, Contact Us to Find Out More!
Selling your home can be a stressful and challenging process, which is why
it's essential to have a team of professionals on your side to help guide you through the journey. Our
team is dedicated to helping you achieve the best possible outcome when selling your home.
Find Your Ideal Property: Take the First Step and Indicate Your Interest!More Property PicksDiscover New Launch Projects
Appointed Marketing Agency:
PropNex Realty Pte Ltd - Licence No: L3008022J Danis ET Lim | R025957A Privacy PolicyQuick LinksSecure Your Spot!Register now for exclusive updates on this upcoming project. 
|
We Use Cookies