Resale condominium units in Singapore are remaining on the market for significantly longer periods as transaction volumes decline and buyers exercise increased caution. Data from property portals PropertyGuru and 99.co show that the median duration for a resale listing has nearly doubled compared to the post-Covid-19 market peak, with many units now staying active for over 80 days as buyers prioritize value over urgency.
Why are resale condo units taking longer to sell?
The shift toward a buyer-friendly market is largely driven by a combination of high asking prices and a broader selection of available properties. According to PropertyGuru Singapore managing director Yao Lu, the sense of urgency that defined the market’s peak has dissipated, granting buyers more time to shop for the best deals. This trend is visible across all regions, with median listing ages on PropertyGuru reaching between 81 and 82 days as of May 18, 2026. In some segments, such as the Core Central Region (CCR) tracked by 99.co, the median time on market surged to 145 days in the first quarter of 2026, up from 76 days during the same period in 2025.
Four out of 10 resale condo listings in Singapore currently remain active for more than 90 days, according to data from PropertyGuru.
How do asking prices compare to market reality?
While transaction volumes have fallen for two consecutive quarters since late 2025, asking prices remain firm. PropNex chief executive Kelvin Fong reported the median resale unit price at $1,770 per square foot (psf) as of May 19, 2026, an increase from $1,747 psf in 2025. This creates a disconnect for buyers like sales manager John Tan, who noted that many units are priced above market rates with little room for negotiation. The price gap remains substantial when compared to new condo launches, which command a median price of $2,554 psf—a premium of 44.3% over resale units, according to PropNex data.
What are the macroeconomic factors impacting the market?
Broader economic uncertainties are contributing to the cooling of the private residential resale sector. Christine Sun, chief researcher and strategist at Realion (OrangeTee & ETC) Group, attributes the slowdown to geopolitical tensions, rising inflationary pressures from oil prices, and sector-specific layoffs. Despite these headwinds, Sun suggests the market may retain resilience due to a limited supply of newly completed units. Furthermore, recent adjustments to executive condominium (EC) rules—such as longer minimum occupation periods—may redirect HDB upgraders toward the private resale market, potentially stabilizing demand in the coming months.
If you are looking to sell, consider the “time-to-close” factor. Buyers are increasingly wary of complex move-out extensions; simplifying your timeline can make your unit more attractive in a competitive field.
Frequently Asked Questions
Are resale condo prices dropping?
No. Despite a decrease in transaction volume, PropNex reports that median resale prices have actually risen slightly, moving from $1,747 psf in 2025 to $1,770 psf as of May 2026.
Why is it harder to sell a condo now compared to 2022?
The market has shifted from a seller’s market to a buyer’s market. Buyers now have more choices and are less willing to pay premium prices, leading to longer listing durations that have increased from a median of 45 days in 2022 to over 80 days in 2026.
Will the resale market recover?
Realion (OrangeTee & ETC) Group suggests the market remains resilient due to the significant price gap between new launches and resale units, which continues to drive cost-conscious buyers toward the resale sector.
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