Singapore’s property market experienced a significant boost in the third quarter of 2025, driven by a combination of interest rate cuts, new government cooling measures, and a surge in project launches. The US Federal Reserve’s decision to cut rates in September 2025 led to local borrowing rates dropping below 2%, reducing borrowing costs for buyers. Despite the government’s introduction of stricter cooling measures on 4 July 2025, which included increasing the Seller’s Stamp Duty holding period and rates, the market remained buoyant.
Developers launched nine private residential projects in Q3 2025, releasing over 4,100 units—the highest quarterly figure since Q2 2013. This surge in launches resulted in a 171.3% quarter-on-quarter increase in new sales, with 3,288 units sold, marking the strongest third quarter since 2021. The Core Central Region (CCR) led price gains with a 1.7% increase, outpacing the Rest of Central Region (RCR) and Outside Central Region (OCR).
Among the top-selling projects were Springleaf Residence, River Green, and Promenade Peak. Springleaf Residence, the first high-rise in its estate, sold 881 units, attracting a mix of private property owners and HDB upgraders. River Green’s compact units appealed to buyers seeking affordability in the CCR, whilst Promenade Peak’s larger units indicated a preference for spacious, centrally located homes.
The resale market also saw a 6.4% increase in transactions compared to the previous quarter, with prices rising by 1.4%. The rental market was active, with a 23.8% increase in rental volume quarter-on-quarter, driven by seasonal factors.
Looking ahead, five more launches are expected in Q4 2025, including Faber Residence and Penrith, which have already sold 1,449 units collectively. Huttons Data Analytics forecasts that developers’ sales for 2025 could reach 11,000 units, with prices expected to grow between 3% and 4% for the year.
