Condominium prices in Singapore surged to new highs during July–August 2025, underscoring buyers’ strong confidence despite ongoing macroeconomic uncertainties such as global tariff hikes. According to Urban Redevelopment Authority (URA) caveated data, the average price of non-landed private homes (excluding ECs) climbed to $2,295 psf, representing a 13.2% increase from $2,027 psf in Q2 2025.
This performance sets the stage for a robust third quarter, with official data expected by end-October. What’s driving the trend? Prime Core Central Region (CCR) condos and Rest of Central Region (RCR) city fringe developments remain the strongest forces pushing prices higher.
📊 Infographic: Key Market Highlights
- 🏙️ Overall Market: Condo average price reached $2,295 psf in July–Aug 2025 (+13.2% QoQ).
- 🌟 Prime CCR: Prices rose 26.2%, from $2,326 psf to $2,937 psf.
- 💎 Luxury Units: 715 CCR condos transacted above $3,000 psf, nine sold above $10M.
- 🏘️ City Fringe RCR: Prices at $2,384 psf, surpassing the previous record of $2,363 psf.
- 📈 Top-selling CCR Projects: River Green ($3,120 psf), Robertson Opus ($3,354 psf), Orchard Sophia, Hill House.
- 📐 Policy Impact: Harmonised GFA policy raised psf values due to smaller declared floor areas.
- 🏡 Upcoming Launches: Penrith, Zyon Grand, The Sen, River Valley Green (Parcel B).
Commentary
The latest price surge shows a clear preference for prime and city fringe homes. Buyers are willing to pay a premium for projects with centrality, long leasehold/freehold tenure, and strong connectivity. Projects like River Green and The Robertson Opus demonstrate how well-located launches continue to attract both homeowners and investors despite higher entry prices.
The new harmonisation of GFA policy has also played a role in boosting psf values, as it eliminates hidden “bonus areas” and encourages more efficient layouts. Buyers now get a clearer picture of their actual usable space — a more transparent marketplace in the long run.
Looking forward, the final quarter of 2025 could see momentum sustained with launches like Penrith in Queenstown, Zyon Grand near Robertson Quay, and The Sen in District 21. Each offers a different lifestyle angle — from luxury city convenience to tranquil suburban living — ensuring varied demand across buyer segments.
✅ Summary Highlights
- ✅ Condo prices hit new highs at $2,295 psf (+13.2% QoQ).
- ✅ Prime CCR prices surged to $2,937 psf (+26.2% QoQ).
- ✅ City fringe RCR prices also reached a record $2,384 psf.
- ✅ Luxury homes continue to see healthy demand, with units transacting above $3,000 psf and $10M+.
- ✅ New GFA policy increases transparency, raising psf prices.
- ✅ Exciting upcoming launches set to support market strength into 2026.
📞 Thinking about upgrading, downsizing, or exploring opportunities in Singapore’s prime or city fringe condos? Reach out today for tailored advice and the latest market insights.