Luxury home sales in Singapore’s Core Central Region (CCR) have soared by over 20% in the third quarter of 2025, according to the latest report by OrangeTee, part of the Realion Group. The increase is attributed to a strong demand from affluent Singaporeans, who accounted for 76% of the purchases, reflecting their growing affluence and interest in high-end real estate as investment assets.
The report highlights that 171 luxury homes, each priced at a minimum of S$5m, were transacted in Q3 2025. This marks a significant rise from the 143 and 141 units sold in the first and second quarters, respectively. Both new and resale luxury homes contributed to this growth, with new launches such as UpperHouse at Orchard Boulevard and The Robertson Opus boosting sales.
The priciest transaction recorded was a unit at The Marq on Paterson Hill, sold for S$6,274 per square foot in September 2025, making it the third-highest priced unit on record. Additionally, the demand for ultra-luxury flats, priced at S$10m or more, saw a slight uptick, with 15 units sold in the quarter.
The report also notes a dip in Good Class Bungalow (GCB) transactions, with seven recorded in Q3 2025, down from nine in the previous quarter. However, the average land rate for GCBs rebounded to S$2,215 per square foot.
Looking ahead, OrangeTee anticipates continued demand for luxury homes, driven by new project launches and potential interest rate cuts, which could further stimulate the market. The prevailing Additional Buyer’s Stamp Duty rates are expected to maintain local demand as the primary driver of the luxury market.
