Singapore's private residential market continued its upward trajectory in 2Q2025, with prices rising 1% quarter-on-quarter (q-o-q), doubling earlier flash estimates. While this marks a moderation compared to previous quarters, key segments—especially landed homes and the Core Central Region (CCR)—showed standout performance.
🔍 Market Commentary
The headline growth may appear modest, but the real story lies in the details:
- Landed properties surged due to renewed Good Class Bungalow (GCB) interest.
- CCR outperformed the other regions in the non-landed segment, buoyed by luxury launches and local buyer demand.
- Meanwhile, RCR prices dipped slightly, though interest remains strong at the fringe zones.
- Resale volume surged, filling the gap as new launches dipped significantly.
This reflects a market that remains resilient but cautious—with buyers still active, developers watching land costs carefully, and rental demand holding steady amid tighter new supply.
📊 Key Infographic: 2Q2025 Private Residential Property Highlights
🏡 Price Trends
- Overall prices: +1.0% q-o-q | +3.4% y-o-y
- Landed properties: +2.2% q-o-q
- Non-landed: +0.7% q-o-q
- CCR: +3.0% q-o-q
- RCR: -1.1% q-o-q
- OCR: +1.1% q-o-q
🏗️ Transaction Volume
- New home sales: 1,212 units (↓ from 3,375 in 1Q2025)
- Resale transactions: 3,647 units (↑2.3% q-o-q)
- Resale share of total: 71.1%
- Sub-sales: 269 units (lowest in 9 quarters)
🏢 Notable Launches & Projects
- 21 Anderson: $4,811 psf (5 units sold)
- Skywaters Residences: $5,841 psf
- UPPERHOUSE: 54% sold
- The Robertson Opus: 41% sold
- One Marina Gardens: 479 units sold at $2,950 psf
📦 Inventory & Pipeline
- Unsold stock: 18,653 units (↑2.1% q-o-q; still below pre-COVID average)
- CCR inventory: ↓14.5%
- New launches expected in 3Q2025: ~4,500 units
- 1H2025 completions: 2,329 units
- 2H2025 expected completions: 2,620 units
💼 Rental Market
- Rents overall: +0.8% q-o-q
- CCR: +1.8% | RCR: flat | OCR: +0.1%
- Landed rents: +0.7%
- Leasing volume: +2.8%
🏗️ GLS Bids Signal Confidence
- Dunearn Road: $1,410 psf ppr (highest in recent years)
- Lakeside Drive: $1,132 psf ppr
📉 Interest Rates
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SORA dipped below 2% in July 2025
✅ Summary Highlights
- ✅ CCR leads the non-landed market with 3% price growth, supported by luxury project launches.
- ✅ Landed properties shine with 2.2% growth, fuelled by strong GCB sales.
- ✅ Resales dominate the market, accounting for over 70% of all transactions.
- ✅ New launches slowed, but more are expected in Q3 to revive primary market activity.
- ✅ Rents continue to rise modestly, supported by low completions and steady expat demand.
- ✅ Developers remain cautious but GLS bids show emerging confidence in the market outlook.
📞 Looking to enter the market or make your next property move?
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