Private Residential Property Prices Climb 12 Q O Q 3q2025 Ura Flash Estimate
In the third quarter of 2025, the private residential property market in Singapore saw a 1.2% increase in the overall price index, according to flash estimates released by URA on October 1. This marks a slight uptick from the 1% gain in the second quarter and 0.8% growth in the first quarter.
Non-landed property prices rose by 1.1% in the third quarter, higher than the 0.7% increase in the previous quarter. In the landed property segment, prices grew by 1.4% in the third quarter, down from the 2.2% increase in the previous quarter.
This marks the fourth consecutive quarter of price increases for private residential properties. Year-to-date, prices have grown by 3.1%, surpassing the 1.6% growth recorded in the same period last year.
Transaction volume in the private home market also picked up in the third quarter, with 6,594 transactions recorded up to mid-September, a 28.6% increase from the 5,128 transactions in the second quarter. Despite the Chinese Seventh Month which resulted in a largely quiet September, Leonard Tay, head of research at Knight Frank Singapore, notes that July and August saw increased activity due to new launches.
In the third quarter, there were eight major launches with at least 100 units, leading to a surge in new home sales. According to C&W, out of the 18 major private residential launches in 2025, 11 recorded a take-up rate of more than 50% during their month of launch.
In terms of geography, the Core Central Region (CCR) saw the steepest price increase, with prices rising by 2.4%, compared to 3% in the previous quarter. This was supported by new launches such as The Robertson Opus, UpperHouse at Orchard Boulevard, and River Green, leading to the highest quarterly CCR sales since 4Q2010, says Kelvin Fong, CEO of PropNex.
Prices in the Rest of Central Region (RCR) also saw a reversal, with a 0.4% increase in the third quarter, after a 1.1% decline in the previous quarter. The Outside Central Region (OCR) saw a 1% price growth, on par with the 1.1% increase in the second quarter.
Despite the prevailing uncertainty in the economy and labour market, Wong Xian Yang of C&W remains optimistic about the private residential market in the fourth quarter of 2025. He predicts that the CCR market will continue its growth trajectory, especially with the upcoming launch of Skye at Holland.
Other upcoming launches this quarter include Penrith and Zyon Grand in the RCR, and Faber Residence in the OCR. Fong estimates that full-year new home sales volume, excluding executive condos, will reach 9,000 to 10,000 units, with prices expected to rise by 4% to 5%, surpassing last year’s increase of 3.9%.
C&W’s Wong also predicts a 3% to 4% growth in private residential prices for the whole of 2025, a revision from his earlier forecast of 2% to 3% growth. This is supported by resilient upgrading demand for private housing, as well as increasing buying interest due to declining interest rates and a strong global equity market.
Rewritten:
The URA Master Plan actively promotes sustainability through various initiatives such as green buildings, renewable energy, and enhanced public transport. These efforts will greatly enhance the living standards at Parktown Residence, making it a highly desirable choice for environmentally conscious families. Additionally, with the addition of Parktown Residence, the residence will naturally align with these eco-friendly measures.