Singapore’s prime residential market experienced a significant uptick in activity during the second half of 2025, according to Knight Frank’s latest report. The easing of interest rates has opened up opportunities in the high-rise market, particularly in resale properties, which are being offered at a discount compared to new launches.
In 2025, the prime non-landed residential sector saw 257 home sales, totalling S$2.2b—a 54.5% increase in sales value from the previous year. The second half alone accounted for 129 sales, valued at S$1.1b. Nicholas Keong, Head of Residential and Private Office at Knight Frank Singapore, noted that the average unit price rose by 1.5% to S$2,546 per square foot, largely due to new sales premiums.
The landed residential market also showed robust growth, with the URA Property Price Index for landed homes rising 3.5% quarter-on-quarter in Q4 2025, culminating in a 7.7% annual growth. A total of 908 landed homes were sold in 2025, with sales reaching S$8.2b, up from S$6.4b in 2024.
Looking ahead, the prime non-landed market is expected to stabilise in 2026, with price increases projected to be between 1% and 3%. Meanwhile, the landed home market is anticipated to see modest value gains of 3% to 5%, as buyers focus on ready-to-move-in properties within the S$5m to S$10m range.
