Private home prices in Singapore experienced a measured increase of 1.0% quarter-on-quarter (QOQ) in Q2 2025, according to the latest statistics from the Urban Redevelopment Authority (URA). This growth, slightly higher than the earlier flash estimate of 0.5%, comes amidst fewer project launches. Meanwhile, Housing and Development Board (HDB) resale flat prices saw their slowest quarterly increase since Q2 2020, rising by just 0.9% QOQ.
The Core Central Region (CCR) led the price growth for non-landed private homes with a 3.0% QOQ increase, whilst the Rest of Central Region (RCR) saw a decline of 1.1% QOQ. Landed homes continued their upward trend with a 2.2% QOQ rise. Despite the overall price increase, developers sold only 1,212 new units, marking a 64% drop from Q1 2025. However, this was a 67% increase compared to Q2 2024.
Kelvin Fong, CEO of PropNex, noted, “We continue to see price stabilisation in the private housing market in Q2 2025, which will benefit prospective buyers and investors looking to acquire a private home.” He highlighted that 66% of new non-landed private homes sold were priced under $2.5 million, aligning with current buyer preferences.
In the HDB sector, 7,102 flats were resold in Q2 2025, a 7.8% increase from the previous quarter. Wong Siew Ying, Head of Research and Content at PropNex Realty, projected that HDB resale prices could rise by 4% to 5% in 2025, a slowdown from the 9.7% increase in 2024.
Looking ahead, PropNex anticipates a rebound in new home sales in Q3 2025, with over 3,400 new condos expected to launch. The market remains optimistic despite potential risks, supported by sensitive pricing and a manageable level of unsold homes.
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