2026 GOOD OR BAD YEAR FOR SINGAPORE PROPERTY? IS PRICE DROPPING? WHAT WILL HAPPEN?

The speaker discusses the outlook for the Singapore property market in 2026, presenting a "push and pull" effect on prices (6:33).

Here's a summary of his main points:

• Increased HDB Supply and Sellers: Many HDB flat owners who bought BTO or Sales of Balance flats in 2023-2024 (due to delays) will be receiving their keys in 2026 (2:50). This means they will need to sell their existing HDB flats, creating a surge of sellers who are motivated to sell quickly, potentially leading to a decrease in HDB prices (1:46, 3:41, 4:56).

• Abundant New Launches: There will be a significant number of new HDB flats coming out, as well as over 20 new private property launches expected in 2026 (4:01, 4:10, 4:22). This high supply is seen as a major cooling measure for the market, as demand shifts away from the resale market (6:50).

• Low Interest Rates: The speaker notes that interest rates are currently low (5:07). Lower interest rates allow people to borrow more money, which could push up property prices (6:10). This effect is particularly beneficial for new launch private properties and Executive Condominiums (ECs) (11:11, 11:25).

• Market Prediction: Despite the low interest rates, the speaker believes that the increased supply of both HDB and private properties will be a stronger force, pushing down prices (10:35). He anticipates that the HDB market will be worse than the current year (4:58), and while private new launches benefit from low interest rates, the excessive supply might reach a cap where demand cannot keep up (11:32).