Private home and HDB resale flat prices in Singapore experienced a slower, more sustainable increase in Q2 2025, according to flash estimates from the Urban Redevelopment Authority (URA) and the Housing and Development Board (HDB). The modest rise is attributed to weaker sales and a limited number of new launches, alongside a healthy supply of new flats and cooling measures impacting the HDB resale market.
Private home prices saw a marginal increase of 0.5% quarter-on-quarter (QOQ), a slowdown from the 0.8% growth in Q1 2025. This brings the cumulative rise in private residential property prices to 1.3% for the first half of 2025, compared to a 2.3% increase in the same period last year. The Landed private homes segment led the price increase with a 0.7% QOQ rise, despite a 17.5% drop in transactions.
Non-landed private homes recorded a 0.5% QOQ price increase, with the Rest of Central Region (RCR) experiencing a 1.1% decline, marking its first price drop in six quarters. Meanwhile, the Core Central Region (CCR) and Outside Central Region (OCR) saw price increases of 2.3% and 0.9% QOQ, respectively.
Ismail Gafoor, CEO of PropNex Realty, noted, “The flash estimates showed that private home prices grew at the slowest pace in three quarters in Q2 2025 at 0.5% QOQ. This may be partly due to the limited number of new project launches during the quarter.”
Looking ahead, PropNex anticipates a pick-up in private home sales in Q3 2025, with several new projects expected to launch, potentially supporting price stability. The upcoming projects, including W Residences Singapore and The Robertson Opus, are strategically located near amenities, which may attract buyer interest.
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