Luxury Homes Take Centre Stage Again
Singapore’s luxury condominium market staged a strong comeback in 2025, driven by a wave of ultra-high-value transactions across the Core Central Region (CCR). Buyers at the top end of the market were undeterred by headline prices, with demand supported by Singapore’s safe-haven status, a strong currency, and improving financing conditions.
In the first 11 months alone, 383 luxury condo units changed hands, generating over $3 billion in transaction value. Compared to 2024, this marked a sharp rebound in both volume and overall deal size, underscoring renewed confidence in prime residential assets.
Luxury homes — defined as good-quality CCR developments priced from $5 million — once again became the focal point for high-net-worth buyers, permanent residents, and international purchasers.
📊 Infographic: What Powered the Luxury Market in 2025
🏙️ High-Value Transactions
- 13 deals concluded at $5,000 psf or higher
- 16 transactions exceeded $20 million
- Average luxury price reached $2,960 psf
📈 Strong Year-on-Year Momentum
- Total transaction value surged over 50% compared to 2024
- Higher participation across both new launches and resale homes
🌍 Diverse Buyer Profiles
- Singaporeans, permanent residents, and foreigners all active
- PR buyers featured prominently in top-tier transactions
21 Anderson Sets the Benchmark
One project stood out decisively in 2025: 21 Anderson, a boutique freehold development in District 10 by Kheng Leong Co.
Since its launch in April, the development accounted for:
- 11 of the 15 largest luxury deals by absolute price
- Seven of the top 15 transactions by psf price
Both penthouses — identical five-bedroom duplexes spanning over 10,000 sq ft — were transacted at $52.25 million each, making them the largest luxury condo deals of the year.
Beyond sheer size, the project’s appeal lies in its rarity: large-format, freehold homes in the Ardmore–Anderson enclave are increasingly scarce. Combined with curated amenities, concierge services, and refined finishes, 21 Anderson filled a gap that many buyers had been waiting for.
Record-Setting psf Prices Across Prime Developments
While Districts 9 and 10 continued to dominate, 2025 also saw new psf records set across both freehold and leasehold luxury projects.
🏆 Notable psf milestones
- Park Nova recorded the year’s highest psf transaction with a penthouse sale exceeding $6,500 psf
- Branded residences at The Skywaters achieved new benchmarks, reflecting growing demand for hospitality-led living
- Resale icons such as The Marq on Paterson Hill and Sculptura Ardmore continued to command premium pricing
These transactions highlight that buyers are not solely focused on tenure or age, but on design pedigree, exclusivity, and long-term desirability.
Resale Luxury Holds Firm Appeal
Resale luxury homes with established reputations proved their staying power in 2025. Projects developed by long-standing luxury specialists continued to attract discerning buyers who value architectural quality, generous layouts, and prestigious addresses.
Older freehold developments in areas such as Ardmore and Nassim maintained their relevance, benefiting from limited new supply and a renewed appreciation for craftsmanship that has stood the test of time.
Narrowing CCR–RCR Gap Shifts Buyer Behaviour
One of the more notable trends supporting luxury demand was the narrowing price gap between CCR and RCR launches. In several instances, new CCR projects were priced only marginally above city-fringe developments.
This shift has prompted many buyers to reassess value:
- CCR homes are increasingly viewed as competitively positioned
- Buyers are prioritising address, long-term prestige, and scarcity
- Both new launches and resale luxury homes benefited from this recalibration
As a result, CCR demand strengthened further in 2025, laying groundwork for continued interest in upcoming prime launches.
✅ Key Takeaways (Summary Highlights)
✅ Luxury condo transactions rebounded strongly in 2025
✅ Ultra-high-value and record psf deals returned across CCR
✅ Scarcity of large freehold homes drove standout performances
✅ Branded residences and resale icons both gained traction
✅ Narrowing CCR–RCR price gap enhanced prime market appeal
Thinking About Prime Residential Opportunities?
Whether you’re tracking new luxury launches, established freehold developments, or simply want clarity on how buyer preferences are evolving in the prime market, having the right perspective matters.
If you’d like a clear breakdown of CCR projects, insights into buyer trends, or guidance tailored to your housing goals, feel free to reach out for a private, no-obligation discussion.