2025 has proven to be a year of recalibration rather than retreat for Singapore’s real estate market. Despite global uncertainty, the residential sector remained resilient, supported by steady demand, a strong launch pipeline, easing interest rates, and stable employment conditions.
From private condominiums to public housing, price growth continued — albeit at a more measured pace — while buyers became increasingly selective, value-conscious, and location-driven.
Below is a clear, practical summary of Singapore’s real estate landscape in 2025, written from a ground perspective for homebuyers, upgraders, and investors.
Private Residential Market: Growth Continues, But More Balanced
Singapore’s private residential prices rose steadily in 2025, reflecting healthy demand and improved buyer confidence.
In Q3 2025, the URA Property Price Index:
- Increased 0.89% quarter-on-quarter
- Rose 5.08% year-on-year
Key price movements by segment:
- Landed homes: +1.41% QoQ, +3.95% YoY
- Non-landed homes: +0.82% QoQ, +5.57% YoY
The Core Central Region (CCR) led price growth in 2025, driven by fresh prime launches such as The Robertson Opus, UPPERHOUSE at Orchard Boulevard, and River Green. However, over a longer five-year view, RCR and OCR still outperformed CCR, highlighting growing value opportunities outside traditional prime districts.
📊 Infographic: Private Home Price Performance (Q3 2025)
🏙️ Whole Island
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Prices: +5.08% YoY
🏡 Landed Homes
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Quarterly leader at +1.41% QoQ
🏢 Non-Landed Homes
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Strong YoY growth at +5.57%
📍 By Region
- CCR: +8.28% YoY
- RCR: +3.92% YoY
- OCR: +5.58% YoY
💰 Average New Sale Prices
- CCR: $3,208 psf
- RCR: $2,695 psf
- OCR: $2,154 psf
Supply: Developers Returned With Confidence
After a subdued 2024, developers accelerated launches in 2025.
- 8,850 private units launched (Q1–Q3 2025)
- +175% year-on-year increase
- Unsold inventory fell to 17,209 units, well below the 10-year average
This reflects strong take-up rates, especially for projects located in areas seeing their first launch in many years.
📊 Infographic: Supply & Inventory Snapshot
🏗️ Units Launched (Q1–Q3 2025)
- OCR: 41%
- RCR: 37%
- CCR: 22% (fastest growth)
📉 Unsold Inventory
- Down 14.5% YoY
- Far below 2019 peak levels
🚀 Upcoming Pipeline
- ~54,000 units (including ECs)
- Notable upcoming launches: Penrith, Zyon Grand, The Sen, Holland Drive area projects
Demand: New Launches Took the Spotlight
Private home demand strengthened significantly in 2025.
- 19,793 units sold (Q1–Q3 2025)
- +36% year-on-year
New launches dominated buyer interest, supported by:
- Pent-up demand
- Moderating interest rates
- Confidence in Singapore’s economic fundamentals
Several projects achieved over 85% sales on launch weekend, a strong signal of buyer depth.
📊 Infographic: Buyer Activity Trends
🆕 New Home Sales
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+183% YoY in Q3 2025
🔁 Resale Market
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Stable and resilient despite competition
📍 Where Buyers Bought
- OCR: Over 50% of total transactions
- RCR: 34%
- CCR: 16%
🌍 Foreign Buyers
- Activity remained muted due to 60% ABSD
- Demand driven mainly by Singaporeans and PRs
HDB Resale Market: Still Climbing, But Slower
Public housing prices continued rising, though at a gentler pace.
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HDB Resale Price Index (Q3 2025)
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+0.39% QoQ
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+5.60% YoY
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This narrowed the price gap between public and private housing, especially for newer resale flats in mature estates.
HDB flats remain central to Singapore’s housing system, housing over 77% of resident households, and resale demand stayed firm amid limited BTO alternatives in central locations.
Rental Market: Stabilisation After Volatility
After the sharp rental surge in earlier years, 2025 marked a stabilisation phase.
- Island-wide private rents: +2.4% YoY
- Growth moderated due to:
- Increased supply
- Softer expatriate demand
- Greater competition among landlords
However, rents held up better for newly completed projects, which continued to command a premium.
📊 Infographic: Rental Market Snapshot
🏠 Average Advertised Monthly Rents
- 1-bedroom: ~USD 2,740
- 2-bedroom: ~USD 3,520
- 3-bedroom: ~USD 4,930
📈 Rental Yield
- National average: ~3.36%
- Slightly higher in OCR and city-fringe zones
Mortgage Market: Buyers Got a Breather
One of the biggest tailwinds in 2025 was the drop in interest rates.
- 3-month Compounded SORA fell to ~1.3%
- Best mortgage packages:
- Fixed: ~1.55%–2.40%
- Floating: ~1.65%–2.30%
This sparked:
- Increased refinancing
- Higher loan approvals
- Stronger buying confidence
Economic Backdrop: Stable, But Cautious
Singapore’s economy remained resilient in 2025, supported by:
- Falling inflation (below 1%)
- Stable employment
- Strong fiscal reserves
While GDP growth is expected to moderate into 2026, Singapore’s AAA credit rating, strong governance, and financial buffers continue to underpin property market confidence.
✅ Key Takeaways: Singapore Property Market 2025
✅ Home prices rose steadily, but without overheating
✅ New launches dominated buyer demand
✅ OCR and RCR offered better relative value than CCR
✅ Rental market stabilised after years of sharp increases
✅ Falling interest rates improved affordability and sentiment
Thinking About Your Next Property Move?
Whether you’re:
- Planning to upgrade from HDB
- Considering a new launch vs resale
- Reassessing your holding strategy in a changing rate environment
Having clarity matters more than ever in a balanced market.
Feel free to reach out for a grounded, numbers-backed discussion on how 2025’s trends translate into real opportunities for your situation.