Prices Private Residential Properties See Moderate Quarterly Gain 09 3q2025

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According to the latest housing statistics from URA, the price of private residential properties experienced a moderate increase of 0.9% in the third quarter of 2025, almost matching the 1.0% quarter-on-quarter rise in the second quarter of the same year.

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In this period, the landed property segment saw a price uptick of 1.4% quarter-on-quarter, a slight dip from the previous quarterly increase of 2.2% in the second quarter of 2025. Meanwhile, non-landed private properties also saw a rise in prices, with a 0.8% quarter-on-quarter increase in the third quarter, compared to a 0.7% quarter-on-quarter rise in the second quarter.

Marcus Chu, CEO of ERA Singapore, attributes the rise in home prices to a combination of factors, including lower interest rates, improved economic sentiment, and a relatively stable macroeconomic outlook.

To stay updated on the latest property launches and pricing, individuals can search for “New Launches” on relevant property websites.

The steady increase in prices coincided with a significant surge in new project launches, with nine private residential projects offering a total of 4,191 units in the third quarter of 2025. This marks the highest number of new project launches in more than a decade, since the second quarter of 2013.

The nine new projects that were launched in the third quarter include Artisan 8, Canberra Crescent Residences, LyndenWoods, Promenade Peak, River Green, Springleaf Residence, The Robertson Opus, Upperhouse at Orchard Boulevard, and W Residences Marina View – all located in Singapore.

As a result of the high number of new launches, the demand for private residential properties also saw a significant increase, with a 171.3% quarter-on-quarter jump in new sales to 3,288 units in the third quarter of 2025.

Mark Yip, CEO of Huttons Asia, attributes this surge in demand to attractive new launch prices, which have narrowed the gap with resale prices. According to research by Huttons Asia, the average price of a new non-landed property was $2.3 million in the third quarter of 2025. This has resulted in a smaller price gap of 18.8% between new and resale non-landed properties, compared to 25.2% in the second quarter of 2025.

In terms of the best-performing projects in the third quarter, Springleaf Residence, a 941-unit development in the Outside Central Region (OCR) jointly developed by GuocoLand and Hong Leong, topped the list with 870 units (92%) sold at an average price of $2,175 per square foot (psf). Since then, an additional 11 units have been sold, bringing the total to 881 units with a median price of $2,166 psf.

The next best-performing project was River Green, a 524-unit development in the Core Central Region (CCR) developed by Wing Tai. The project, which was launched on August 2-3, saw 460 units (88%) sold at an average price of $3,130 psf. By the end of August, the project had sold a total of 465 units at a median price of $3,111 psf.

Notably, four out of the nine new projects launched in the third quarter of 2025 were located in the CCR, accounting for 1,856 units (44%) of the new supply. This is the highest number of new units launched in the CCR since the first quarter of 2010.

Other projects launched in the CCR in the third quarter of 2025 include Upperhouse at Orchard Boulevard, selling 202 units at a median price of $3,277 psf, and The Robertson Opus, with 171 units sold at a median price of $3,359 psf.

Leonard Tay, head of research at Knight Frank Singapore, believes that the price growth in the CCR has been slower compared to the overall private home market, which has risen by around 40% since the pandemic. He suggests that this could create potential value opportunities for homebuyers as the price gap between prime locations and other areas on the island begins to narrow.

Meanwhile, the OCR saw a 0.8% quarter-on-quarter increase in prices in the third quarter of 2025, slightly lower than the 1.1% quarter-on-quarter increase in the second quarter. The Rest of Central Region (RCR) also saw a slight increase of 0.3% quarter-on-quarter in the third quarter, following a 1.1% quarter-on-quarter drop in the second quarter.

In terms of resale transactions, there were 3,881 units sold in the third quarter of 2025, representing a 6.4% quarter-on-quarter increase from the 3,647 units sold in the second quarter. Resale transactions accounted for 52.4% of all sales transactions in the third quarter.

On the other hand, the proportion of sub-sale transactions decreased to 3.2% of all sale transactions, with a total of 235 transactions recorded. This is lower than the 5.2% of all sale transactions in the second quarter, which saw 269 sub-sale transactions.

The government implemented new property cooling measures on July 4, aimed at discouraging speculative activity in the property market through lengthening the Seller’s Stamp Duty (SSD) holding period and raising SSD rates by 4% for each tier of the holding period.

Despite the uncertain global economic outlook, Singapore’s residential market continues to remain resilient thanks to low unemployment rates, healthy household finances, and strong domestic savings. According to Tay, this has sustained housing demand and boosted sales even in the face of ongoing global pressures.

Looking ahead, the closing quarter of 2025 will see two more launch-ready projects – The Sen and Zyon Grand. Additionally, the executive condominium Coastal Cabana in Pasir Ris is expected to open its sales gallery to the public in December.

Christine Sun, chief researcher and strategist of Realion (OrangeTee & ETC) Group, predicts that the demand for new homes will continue into the final quarter of the year, with developers expediting their launches to capitalize on the current positive sales momentum. She also notes that the lower interest rates following the US Federal Reserve’s decision to lower rates by a quarter point in September could further improve housing affordability and investor confidence, supporting continued buying activity.

The strong sales in the new launch market have also led to an increase in competition for development land among developers, pushing up land prices. Individuals can stay updated on the latest government land sale (GLS) tenders to keep track of new property developments in the market.