APACrealty — property news across the Asia-Pacific
Modal Labs is reportedly in discussions to raise new financing at a valuation of roughly US$15 billion, according to Bloomberg News. The AI startup, which helps companies access chips for AI tools, previously raised US$355 million in May at a US$4.65 billion valuation.
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Calculated by APACrealty from official datasets: Singapore government agencies on data.gov.sg, and Hong Kong's on data.gov.hk, each under its own open licence. Every report names the dataset it used and the period it covers.
The median resale price rose to S$635,000, up 0.8 per cent month on month in August 2026, while transaction volume fell 4.9 per cent to 2,521. Million-dollar sales totalled 201, accounting for 8.0 per cent of all transactions.
Resale flat transactions surged to 2,652 in July 2026, up 24.7 per cent from June. The median price rose 0.8 per cent to S$630,000, though median psf slipped 1.6 per cent to S$595 psf. Million-dollar sales accounted for 7.1 per cent of all transactions.