In the second quarter of 2025, the average price for a landed home in Singapore fell below $2,000 per square foot (psf), marking a 0.9% decrease from the previous quarter, according to Lee Sze Teck
Senior Director, Data Analytics at Huttons. Despite this dip, prices are still 3.9% higher compared to the same period last year. The decline in average price is attributed to the larger average land size of homes sold during this period.
Sales volume for landed homes also saw a decline for the second consecutive quarter. The report suggests that tariffs may have influenced some buyers to delay their purchases, although this was not the primary factor for the price dip. The average land size of detached homes increased to 7,219 square feet in Q2 2025 from 6,344 square feet in Q1 2025, leading to a 10.5% fall in the average price of detached homes to $1,697 psf.
The total value of landed homes transacted in Q2 2025 was $2.2 billion, a 12.6% decrease quarter-on-quarter and a 5.1% decrease year-on-year. The most popular districts for landed home purchases were 15, 16, 19, 20, and 28. The price range for 99-year leasehold homes varied from $0.9 million to $5.8 million, while 999-year leasehold and freehold homes ranged from $1.8 million to $23.5 million.
Looking ahead, the easing of interest rates below 2% in July 2025 is expected to support demand in the latter half of the year. Additionally, clarity on tariffs following negotiations with the US is anticipated to have a positive impact on the global economy. Huttons forecasts that prices and sales volumes of landed homes may remain steady throughout 2025.
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