2025 Luxury Condo Market Overview
Sales of luxury condos (non-landed CCR units over 2,000 sq ft priced S$5 million and above) saw a sharp increase last year. The total transaction value rose 55.9% to S$2.6 billion, with 294 units sold—up 41.3% from 2024’s 208 units. Ultra-luxury transactions (S$10 million and above) also grew, with 57 units sold, a 67% increase from the previous year.
New 99-year leasehold launches, alongside select freehold projects, fueled demand, particularly among local buyers and PRs. Foreign buyer activity remained subdued due to the continued 60% ABSD for non-residents.
Infographic-Style Breakdown
- 📊 Total luxury condo sales: 294 units (2025) ↑41.3% YoY
- 💰 Transaction value: S$2.6 billion ↑55.9% YoY
- 🏘️ Ultra-luxury units (≥S$10M): 57 units ↑67% YoY
- 📍 Hotspots: CCR prime areas, Sentosa Cove, Orchard Boulevard, Paterson Hill
- 🏗️ Key new launches: 21 Anderson (freehold), Upperhouse (99-year), W Residences Marina View
- 🏢 Median psf price: Luxury units ~25% above broader CCR, narrowing gap over 20 years
- 👥 Buyer profile: 60% locals, resurgence of PRs, foreigners limited by ABSD
- 📉 Q4 2025 trend: CCR sales volume down 11% QoQ, median new-sale price -7.4%
What I’m Observing in the Market
- Buyer behaviour: Local and PR buyers are increasingly active, especially first-time luxury purchasers, while foreigners remain cautious due to ABSD.
- Developer activity: Launches focus on smaller, high-psf units targeting local demand; freehold and boutique projects continue to attract attention.
- Pricing trends: Overall CCR median psf increased modestly (1.9% for 2025), while ultra-luxury homes have decoupled, forming a distinct, high-value segment.
- Market implications: Older CCR resale properties now provide relative value versus new high-end launches; the two-tier market is likely to persist.
Summary of Key Takeaways ✅
✅ Luxury condo sales surged in 2025, with strong interest in CCR prime launches
✅ Ultra-luxury segment (≥S$10M) showed significant growth, decoupling from broader CCR market
✅ Local buyers and PRs now dominate transactions; foreigners remain constrained by ABSD
✅ Median psf prices for luxury units now ~25% above general CCR prices, narrowing long-term gap
✅ Older prime properties offer relative value amidst high new-launch psf pricing
Call to Action
For those monitoring the luxury condo market or exploring CCR options, understanding these trends can guide informed decisions. If you’d like insights tailored to specific projects or areas, feel free to reach out.
Source
Business Times | Luxury condo sales hit a high in 2025