Singapore’s real estate market experienced significant growth in the fourth quarter of 2025, with investment sales reaching S$13.7b. This surge was bolstered by easing interest rates and currency stability, according to the latest report from Realion (OrangeTee & ETC) Research. The quarter saw increased interest across Government Land Sales, retail, office, and industrial segments, reflecting strong buyer confidence.
Office rents in the Central Region rose by 0.4% quarter-on-quarter, with island-wide occupancy climbing to 95.1%. This was supported by a net absorption of 236,500 square feet, despite an increase in total available shadow space to 432,000 square feet. The industrial sector also saw a 1.4% rise in property prices, led by multiple-user factories, although overall occupancy dipped to 88.7% due to new completions.
The retail market remained stable, with international visitor arrivals easing to 4 million in Q4 2025, yet full-year arrivals were resilient at 16.9 million. The Singapore Tourism Board projects further growth in 2026. Retail occupancy edged up to 93.7%, driven by demand in Fringe/Suburban Areas.
In the residential sector, prices grew at a slower pace of 0.6% in Q4 2025, with total sales hitting a four-year high of 26,492 transactions for the year. Rental prices dipped modestly, and rental volume decreased by 27.4% to 19,771 units in Q4 2025 from the previous quarter.
Looking ahead, the investment sale market in 2026 is expected to gain further momentum, supported by lower financing costs and stable economic fundamentals.
