Singapore's ultra-luxury residential market saw a significant uptick in Q1 2026, with 42 high-value transactions marking a 31% quarterly increase and solidifying its position as a top-five global hub for super-prime property sales, according to Knight Frank's latest report.
Singapore's super-prime residential market demonstrated remarkable strength in the first quarter of 2026, recording 42 transactions each valued at $12.9 million (US$10 million) or more.
This represents a significant 31% increase from the 32 deals documented in the preceding quarter, marking the city-state's strongest quarter for such high-value property sales in a year. According to Knight Frank's Global Super-Prime Intelligence report, which monitors 636 major residential transactions across 12 key global markets, Singapore's aggregate sales value for these ultra-luxury homes reached $805.14 million (US$624 million) in Q1 2026. This was a slight increase from the $774.18 million (US$600 million) recorded in Q4 2025.
The robust performance positioned Singapore as the fifth-largest market globally by transaction volume for super-prime properties, trailing behind Dubai, Hong Kong, New York, and London. The global super-prime market as a whole experienced a 14% quarter-on-quarter rise in activity, reaching its highest level in twelve months, with rebounds observed in Dubai, New York, Hong Kong, Palm Beach, and Singapore contributing to this upward trend.
Over the twelve-month period culminating in Q1 2026, Singapore tallied 135 super-prime residential transactions with a combined value of $2.88 billion (US$2.23 billion), securing its rank as the seventh-largest market by annual transaction volume among the twelve tracked locations. Liam Bailey, Knight Frank's global head of research, cautioned that while the headline figures for Q1 were strong, they require careful interpretation.
The report identified policy changes, taxation shifts, geopolitical risks, and the prevailing interest rate environment as critical factors that will continue to influence super-prime residential markets worldwide in the upcoming quarters
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