Demand for luxury homes in Singapore’s core central region (CCR) has maintained strong momentum in Q2 2025, with sales volumes surpassing the average number of units sold over the past two years. According to OrangeTee’s latest report, 141 luxury homes, each priced above $5m, were transacted, exceeding the quarterly average of 125 units recorded in 2023 and 2024.
The total transaction value for these luxury homes increased to $1.377b, reflecting sustained demand. The secondary market played a significant role, with 120 resale luxury homes sold, surpassing the quarterly average of 94 units over the past two years. Additionally, 19 new luxury homes were sold, with notable contributions from developments such as 21 Anderson and Watten House.
Ultra-luxury flats, priced at least $10m, saw 14 transactions in Q2. The most expensive unit, a 5,285 sqft flat at Skywaters Residences, sold for $30.87m in June. Good Class Bungalow (GCB) sales also surged, with nine units transacted, up from two in Q1.
Christine Sun, Chief Researcher & Strategist at OrangeTee-Realion Group, noted the appeal of GCBs as investment-grade assets amidst global trade uncertainties. The report suggests that Singapore’s stable residential market continues to attract high-net-worth individuals, with upcoming project launches in the CCR expected to further stimulate market activity. Despite potential geopolitical challenges, the luxury property market is anticipated to remain robust.
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