The luxury property market in Singapore experienced a significant boost in the third quarter of 2025, according to Huttons’ Prestige Report. Sales of luxury non-landed homes surged by over 30% to 81 transactions, driven by new launches and increased resale activities. The geopolitical climate and a strong Singapore dollar have made the city-state an attractive destination for ultra-high-net-worth individuals (UHNWIs) seeking stability.
The report highlights that an estimated 725 luxury non-landed units were rented out in Q3 2025, marking a 21.6% increase from the previous quarter. This trend is attributed to UHNWIs migrating to Singapore, potentially awaiting permanent residency before purchasing homes. Mark Yip, CEO of Huttons Asia, noted the appeal of Singapore’s stability for these individuals.
Good Class Bungalows (GCBs), another segment of the luxury market, saw 11 deals in Q3 2025, consistent with the previous quarter. The total transacted value of GCBs rose by 13.2% to $382.1m, driven by high-value transactions in areas like Dalvey Estate and Chee Hoon Avenue.
Looking ahead, the luxury non-landed market set a new benchmark in October 2025 with a record price of $6,501 per square foot for a unit at Skywaters Residences. Despite potential slowdowns during the year-end holidays, the market is poised for its best performance since 2022. Meanwhile, more realistic pricing could sustain interest in GCBs into the fourth quarter.
