The luxury property market in Singapore experienced significant growth in 2025, driven by an influx of ultra-high-net-worth individuals (UHNWIs) seeking safe havens amidst global geopolitical tensions. According to Huttons Asia’s Prestige Report, the demand for luxury non-landed homes surged by 41.3% year-on-year, with 294 units sold compared to 208 in 2024. The total value of these transactions reached $2.6b, marking a 55.9% increase from the previous year.
Interest in new luxury non-landed homes more than doubled, spurred by new project launches such as 21 Anderson, Skywaters Residences, and UPPERHOUSE at Orchard Boulevard. The number of transactions valued at $10 million and above also doubled, with 27 deals recorded in 2025.
The Good Class Bungalow (GCB) market remained stable, with a total transacted value of $1.3b, slightly down by 5.2% from 2024. Despite a weakening rental demand for GCBs, some tenants opted to purchase luxury homes after obtaining citizenship or permanent residency.
Looking ahead, the Monetary Authority of Singapore and the Ministry for Trade and Industry anticipate that ongoing geopolitical tensions could lead to more UHNWIs relocating to Singapore in 2026. This trend is expected to sustain growth in the luxury non-landed homes market, whilst the GCB market may see increased transactions as owners consider cashing out due to high property taxes and lower tenant demand.
