Prices Private Residential Properties See Moderate Quarterly Gain 09 3q2025

SINGAPORE (EDGEPROP) – Private residential property prices in Singapore saw a modest quarterly gain of 0.9% in 3Q2025, almost matching the 1.0% q-o-q increase recorded in 2Q2025, according to the latest housing statistics released by the Urban Redevelopment Authority (URA).The landed property segment registered a price increase of 1.4% q-o-q in 3Q2025, moderating from the previous quarterly gain of 2.2% in 2Q2025. In contrast, prices of non-landed private properties edged up by 0.8% q-o-q in 3Q2025, compared to the 0.7% q-o-q increase recorded in 2Q2025.“Homebuyers came out in full force in 3Q2025, driven by lower interest rates and a more positive economic outlook despite lingering uncertainties,” says Marcus Chu, CEO of ERA Singapore. This resulted in increased demand, leading to the overall price increase in the private residential market.Search for the latest New Launches, to find out the latest transaction prices and available unitsAdvertisementAdvertisementThe steady price movement occurred as developers significantly increased the number of new project launches, with 4,191 units across nine private residential projects entering the market in 3Q2025. This launch pipeline was last seen more than a decade ago in 2Q2013.These nine new projects were Artisan 8, Canberra Crescent Residences, LyndenWoods, Promenade Peak, River Green, Springleaf Residence, The Robertson Opus, Upperhouse at Orchard Boulevard, and W Residences Marina View – Singapore.As a result of the strong launch pipeline, new sales in the private residential market surged by 171.3% q-o-q to 3,288 units sold in 3Q2025.Mark Yip, CEO of Huttons Asia, says that buyers were attracted by the attractive new launch prices, which narrowed the gap with resale prices. Research from Huttons Asia shows that the average price of a new non-landed property in 3Q2025 was $2.3 million. This lowered the gap between a new non-landed property and a resale non-landed property to 18.8%, compared to 25.2% in 2Q2025.Best-performing projects in 3Q2025Based on total units sold, the best-performing new project in 3Q2025 was Springleaf Residence, a 941-unit development in the Outside Central Region (OCR) jointly developed by GuocoLand and Hong Leong.The project launched over the weekend of Aug 15-16, and sold 870 units (92%) at an average price of $2,175 psf. A further 11 units have been sold since, bringing the total to 881 units and setting a median price of $2,166 psf.The exterior of Springleaf Residence, a 941-unit development in the Outside Central Region (OCR) jointly developed by GuocoLand and Hong Leong. (Picture: Samuel Isaac Chua/EdgeProp Singapore)The next-best-performing project was River Green, a 524-unit development in the Core Central Region (CCR) developed by Wing Tai. The project launched on Aug 2-3 and buyers snapped up 460 units (88%) at an average price of $3,130 psf. By the end of August, the project sold 465 units at a median price of $3,111 psf.Other CCR projects that were launched in 3Q2025 were Upperhouse at Orchard Boulevard, which sold 202 units at a median price of $3,277 psf, and The Robertson Opus, which moved 171 units at a median price of $3,359 psf.River Green is a 99-year leasehold development by Wing Tai Holdings. (Picture: Samuel Isaac Chua/EdgeProp Singapore)New projects in the CCR accounted for 1,856 units (44%) of the new supply launched last quarter. This is the highest number of new units launched for sale in the CCR since 1Q2010.It indicates that developers have also become more active in replenishing their land bank in prime locations with promising demand from buyers. The stiff competition for development land is putting upward pressure on land prices, says Yip, who expects buyers to seize the opportunity to invest in prime properties with a narrowing gap in prices between prime locations and the rest of the island.The CCR has been outperforming the other two regions, registering a 1.7% quarterly price increase last quarter. Still, this was a more moderate increase than the 3.0% q-o-q increase seen in 2Q2025, says Knight Frank.Near sell-out launches at Skye at Holland and PenrithThe new CCR projects have had a great response from buyers, with two near sell-out launches in the month of October. The Skye at Holland and Penrith developments, both located in the prime district of Holland Village, sold more than 90% of their units within a week of launch.The 666-unit Skye at Holland is jointly developed by UOL Group, Singapore Land Group, CapitaLand and Kheng Leong Co. The project saw a near sellout launch on Oct 11, during which 658 units (99%) were snapped up at an average price of $2,953 pf.At 40-storeys, Skye at Holland is the tallest structure at Holland Village, and is raised about 20m above street level for unobstructed views of the Good Class Bungalow (GCB) areas in Ewart Park, Greenleaf Road, and Holland Park (Photo: Samuel Isaac Chua/EdgeProp Singapore)Similarly, Penrith launched for sale shortly after on Oct 18, and the 462-unit development moved 447 units (97%) with average prices of above $2,800 psf. The project is jointly developed by Hong Leong Holdings, Hong Realty (a part of the Hong Leong Group), and GuocoLand.Market outlookLooking ahead, the year will close with two more launch-ready projects, The Sen and Zyon Grand. The executive condo 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, also expects demand for new homes to persist in the last quarter of this year.Popular searches in PropertyHELLO DOCTORXIAOMIYEEZYSINGAPORE PROPERTYThere has been a hike in the number of bidders partial in recent government land sale (GLS) tenders due to strong sales in the new launch market. This competition for development land is putting upward pressure on land prices, according to Yip.Thus, developers are expected to hasten their launches to capitalize on the current wave of positive sales momentum. This sentiment is supported by a more favourable borrowing environment, as the US Federal Reserve lowered interest rates by a quarter point in September.“With mortgage rates falling further, housing affordability and investor confidence are likely to improve, supporting continued buying activity,” says Sun.Singapore’s residential market remains resilient amid global uncertainties, supported by low unemployment and healthy household balance sheets, adds Tay. Furthermore, strong domestic savings provide households with financial flexibility, sustaining housing demand even as the global economic and geopolitical pressures persist.

In the third quarter of 2025, private residential property prices in Singapore experienced a moderate quarterly growth of 0.9%, almost matching the 1.0% quarter-on-quarter increase recorded in the previous quarter, according to the latest housing statistics released by URA.

The landed property segment saw a price increase of 1.4% quarter-on-quarter in 3Q2025, down from the previous quarterly growth of 2.2% in 2Q2025. Meanwhile, prices of non-landed private properties rose by 0.8% quarter-on-quarter in 3Q2025, compared to the 0.7% quarter-on-quarter increase in 2Q2025.

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“This past quarter saw a high demand from homebuyers, driven by lower interest rates and a more positive economic outlook, despite lingering uncertainties,” says Marcus Chu, CEO of ERA Singapore. This resulted in an increase in demand, leading to an overall price increase in the private residential market.

Search for the latest New Launches to find out the latest transaction prices and available unitsAdvertisementAdvertisementThe steady price movement was accompanied by a significant increase in the number of new project launches, with 4,191 units across nine private residential projects entering the market in 3Q2025. This launch pipeline was last seen more than a decade ago in 2Q2013.

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

As a result of this strong launch pipeline, new sales in the private residential market surged by 171.3% q-o-q to 3,288 units sold in 3Q2025.

Mark Yip, CEO of Huttons Asia, says that buyers were drawn in by attractive new launch prices, which narrowed the gap with resale prices. Research from Huttons Asia shows that the average price of a new non-landed property in 3Q2025 was $2.3 million. This is a 18.8% gap between a new non-landed property and a resale non-landed property, down