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Singapore's investment ledger for 2026 has been written in three instalments, and Stacked Homes published the running total on 9 October. According to Stacked Homes, big-ticket real estate transfers, meaning transactions of at least S$10 million, bulk or land sales of that size and institutional asset transfers, reached S$42.4 billion across the first nine months of the year. The property consultancy report behind that figure describes it as a record.
The sequence opened in the first quarter, when Stacked Homes reported S$16.2 billion of transfers. The second quarter added S$15.5 billion, according to Stacked Homes, and the third quarter closed at S$10.7 billion. Each instalment was smaller than the one before it, yet the nine-month total already sits above the S$40.7 billion that Stacked Homes gives for the whole of 2025 and the S$35.5 billion it gives for 2017.
Earlier years supply the baseline. Stacked Homes recalled that volumes slid from S$30.9 billion in 2022 to S$21.1 billion in 2023, which leaves the 2026 total with the 2023 low to be measured against.
Hotels added their own thread to the timeline. Stacked Homes counted seven hotel deals worth S$1.5 billion across the nine months, against nine deals worth S$957.2 million in the whole of 2025, so fewer transactions produced a larger total over the period.
The calendar shapes what follows. The consultancy says that, with rate-hike expectations in the air, parties already in negotiation may be motivated to complete deals by year-end, as reported by Stacked Homes, and it expects the year to end near S$50 billion. Borrowing costs form the backdrop to that timetable: Stacked Homes put the benchmark SORA at about 1.2%, while a mortgage broker quoted by Stacked Homes described the commercial property loan rate as 1.08% at the start of 2026, about 1.04% by mid-2026 and 1.20% at the time of the report. Stacked Homes set the SORA figure against nearly 4% in the US, 3.75% in London and 4.35% in Sydney, and noted that the same broker quoted about 1.6% to 1.7% for larger loan quanta.
The third quarter also changed the mix of buyers' attention. Stacked Homes reported that commercial volume decreased after leading since the end of 2025, with the S$1.1 billion purchase of Wheelock Place by a fund named as one top commercial deal. Industrial investment activity doubled from the previous quarter, led by government land sales, and hospitality produced one deal, the S$134 million acquisition of Coliwoo Midtown by CapitaLand Ascott Trust.
The next dated marker is the close of December, when the fourth quarter completes the 2026 tally. For owners and occupiers of strata offices and ground-floor retail, the nine-month record shows how much institutional capital changed hands across commercial, industrial and hotel assets before that point. The full-year total will be the figure that settles how the year compares with 2025.
ARC 380 is a freehold, 16-storey mixed-use commercial development at 380 Jalan Besar in District 12, with strata offices on Levels 5 to 16, retail and F&B on Level 1 and Bendemeer MRT about five minutes on foot. Built by Tong Eng Group and completed in 2018, it has strata units on sale; the project details page sets out the particulars, and the homepage carries the latest updates.
Source: Stacked Homes. Ask the Sales Concierge about current unit availability.
General information only, not financial or legal advice.
Source: Stacked Homes. This article is independent commentary; ARC 380 is not affiliated with the parties mentioned.