The Singapore property market witnessed a remarkable surge in October 2025, with developers selling 2,424 units, a 9.5-fold increase from the previous month and a 224.1% rise compared to October 2024. This marks the highest October sales since data collection began in 2007, according to Huttons Asia CEO Mark Yip.
The surge was driven by several factors, including a significant rate cut by the US Federal Reserve in September 2025, which lowered local borrowing rates to below 2%—the lowest since 2023. This attracted investors eager to capitalise on the favourable borrowing conditions. Additionally, a steady pipeline of attractively-priced launches and pent-up demand contributed to the robust sales figures.
October saw the launch of 2,233 units, a dramatic increase from just 20 units in September 2025. Major projects such as Faber Residence, Penrith, Skye at Holland, and Zyon Grand were key contributors. Skye at Holland, for instance, sold 662 units, accounting for 91.4% of sales in the Core Central Region (CCR), with a competitive median price of $2,949 per square foot.
Singaporeans dominated the buyer demographic, making up 86.7% of purchasers, whilst permanent residents accounted for 12%. Notably, four units priced above $10 million were sold, with a record $6,501 per square foot paid for a unit in the Aman-branded Skywaters Residences.
Looking ahead, Huttons Data Analytics estimates total developer sales for 2025 could reach 11,000 units, the highest since 2021, with prices expected to grow between 3% and 4% for the year.
