Singapore’s property market has demonstrated resilience in Q2 2025, with a moderate 1% increase in property prices, according to Huttons Asia. This comes amid global uncertainties, including the US’s imposition of tariffs on numerous countries in April 2025. Although these tariffs were temporarily paused for 90 days, the potential impact on the property market remains a concern for some buyers.
Non-landed homes in the Core Central Region (CCR) saw a notable 3% price increase, outpacing other regions. However, transaction volumes dipped by 29.4% quarter-on-quarter to 5,128 units, though they were up 4.3% year-on-year. The Good Class Bungalow (GCB) market experienced a significant surge, with 11 transactions valued at over $300 million, compared to just two in the previous quarter.
Mark Yip, CEO of Huttons Asia, highlighted the robust demand for properties, noting that “buyers viewed investment in properties as a safe option in times of uncertainty.” The top-selling projects in Q2 2025 included One Marina Gardens, Bloomsbury Residences, and The Hill @one-north, with One Marina Gardens selling 479 units.
The rental market also strengthened, with a 0.8% increase in rents, driven by a low supply of completed homes. The CCR is expected to see stronger rental growth in the coming years due to limited supply.
Looking ahead, the Singapore property market is poised for continued growth, with developers expected to sell between 7,500 and 8,500 units in 2025. Prices are projected to rise by 4% to 7%, supported by improved sales sentiments and a resilient economy.
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