Singapore’s private residential market witnessed a significant boost in Q3 2025, with sales volumes rising by 44.4% quarter-on-quarter (qoq) to 7,404 units, according to Cushman & Wakefield’s analysis of URA statistics. This surge was primarily driven by robust demand for new launches and a thriving resale market, which accounted for 52.4% of the total sales.
The resale market’s appeal continues to grow among both owner-occupiers and investors, bolstered by rising rents, lower interest rates, and a notable price gap compared to new launches. New sale volumes soared by 171.3% qoq, reaching 3,288 units, whilst subsale volumes dropped by 12.6% qoq to 235 units, marking the lowest level since Q4 2022.
In the first three quarters of 2025, overall private residential sales reached 19,793 units, a 36.3% increase compared to the same period in 2024. The resale market contributed 11,093 units, representing 56% of the total sales. New sales are projected to hit between 10,000 to 11,000 units by year-end, a four-year high.
Private residential prices continued their upward trajectory, increasing by 0.9% qoq in Q3 2025. Landed residential prices rose by 1.4% qoq, whilst non-landed prices saw a 0.8% qoq increase, driven by the Core Central Region (CCR) and Outside Central Region (OCR).
Looking ahead, private residential prices are expected to grow by 3-4% year-on-year in 2025, supported by declining interest rates and strong upgrader demand. The market remains buoyant, with developers showing a keen interest in land acquisition amid low unsold inventory and stabilising construction costs.
