URA confirms 1.4% Q3 private price rise; Marina Gardens Lane awarded

Top stories

• URA final Q3 data confirm a 1.4% price rise. Private home prices rose 1.4% q-o-q in 3Q2026, led by landed homes (+2.9%) and the OCR (+2.3%), while the RCR was flat and the CCR edged up 0.3%; developers sold 1,183 units (ex-ECs), down from 2,141 in Q2. URA
• Rents up, vacancy higher. URA's private rental index rose 1.3% in Q3, with OCR rents up 3.1%, while the vacancy rate for completed private homes climbed to 7.2% from 6.4%. URA
• Marina Gardens Lane site awarded to EL Development. URA accepted the sole bid of $450.1 million ($1,243 psf ppr) for the 99-year site of about 390 homes, below the $1,350–1,650 psf ppr analysts had expected. EdgeProp
• Two GLS Reserve List sites open for application. URA released a Chuan Grove plot (about 930 homes) and the former Raffles Town Club site at Plymouth Avenue/Dunearn Road (about 250 homes); analysts do not expect either to be triggered soon. EdgeProp
• More HDB flats reaching MOP in 2027. A Realion (OrangeTee & ETC) outlook expects about 18,900 flats to reach their MOP in 2027, up from about 13,500 in 2026, and projects resale prices could rise 2–4% next year. EdgeProp

New launches watch

• Thomson Reserve (Upper Thomson). The 1,268-unit CapitaLand Development, UOL and Singapore Land Group project is scheduled to launch on 31 October, with two-bedders quoted from $1.544 million ($2,608 psf). EdgeProp
• One Chuan Grove. The 1,056-unit project near the newly released Chuan Grove Reserve site is planned for launch in February 2027. EdgeProp

Numbers

• +1.4% – URA private property price index, 3Q2026 (q-o-q). URA
• 1,183 – new private homes sold by developers in Q3 (ex-ECs), versus 2,141 in Q2. URA
• ~32,800 – private units (incl. ECs) that could be available for sale within one to two years. URA
• $1,243 psf ppr – awarded land price for Marina Gardens Lane. EdgeProp
• ~18,900 – HDB flats expected to reach MOP in 2027. EdgeProp

Sources

• URA – Release of 3rd Quarter 2026 real estate statistics
• EdgeProp – URA awards Marina Gardens Lane GLS site to EL Development at $1,243 psf ppr
• EdgeProp – GLS plots at Chuan Grove and former Raffles Town Club site released
• EdgeProp – ‘Supply onslaught’ to weigh on HDB resale market in 2027
• EdgeProp – Thomson Reserve priced from $2,608 psf

These are summaries in our own words of publicly reported news, for general information only and not financial advice. Please refer to the original sources for full details. Prices and figures may change.