The latest report from PropNex Research reveals a significant slowdown in Singapore’s landed home sales during the first half of 2025, attributed to the introduction of sweeping US tariffs that have caused market volatility and weakened buyer sentiment. Despite softer interest rates and increased private housing demand, the number of landed home transactions fell to 856, totalling approximately $4.9b, down from 1,033 transactions worth $5.5b in the latter half of 2024.
The Good Class Bungalow (GCB) segment experienced a notable decline, with only seven deals valued at nearly $253m recorded, marking the lowest sales volume since at least 2019. PropNex attributes this to a mismatch in price expectations between buyers and sellers, alongside the impact of interest rate hikes since mid-2022.
Conversely, the prestige landed homes segment, defined as properties valued over $10m, saw a resurgence with 67 transactions amounting to about $911m, reflecting a 34% increase from the previous half-year. PropNex anticipates that Singapore’s status as a safe haven will continue to support demand for luxury and prestige landed housing, despite ongoing market uncertainties.
Looking ahead, PropNex remains optimistic about the GCB market, expecting prices to stabilise and sales to potentially rebound by mid-2026, driven by the limited supply of such exclusive properties in land-scarce Singapore.
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