The private residential market in Singapore experienced a notable uptick in Q3 2025, with overall prices rising by 0.9% compared to the previous quarter, according to a report by OrangeTee, part of the Realion Group. This growth was driven by price increases across all market segments, despite a slight slowdown from the 1% growth observed in Q2.
New home sales saw a significant surge, attributed to the launch of 10 new projects, marking the highest number of uncompleted units released in over a decade. The number of units launched, excluding Executive Condominiums (EC), soared by 175.7% quarter-on-quarter to 4,191 units. Among these, Springleaf Residence emerged as the top-selling project, with 881 units sold at an average price of $2,176 per square foot.
Resale demand remained robust, with transactions increasing by 6.4% from Q2, despite the influx of new home supply. The average price of resale homes climbed to a record high of $1,809 per square foot, reflecting a year-on-year increase of 5.7%.
Landed property transactions also rose for the second consecutive quarter, although Good Class Bungalow (GCB) transactions saw a slight decline. Rental prices increased modestly, with a 24.2% spike in rental volume.
Looking ahead, OrangeTee projects that overall prices for the private residential sales market could rise by 3.5% to 4.5% for the entirety of 2025, indicating continued resilience in the face of macroeconomic uncertainties.
