Luxury home sales in Singapore’s Core Central Region (CCR) have seen a significant rise in the first quarter of 2025, according to a new report by OrangeTee. Transactions for properties exceeding $5m increased by 43%, from 100 units in Q4 2024 to 143 units in Q1 2025, marking the highest number of such sales since Q4 2023.
The report highlights a substantial increase in the total transaction value of private homes in the CCR, which rose by 44.6% from S$950 million in Q4 2024 to $1.37b in Q1 2025. This surge is attributed to a renewed interest in both landed and non-landed luxury properties.
Super luxury flats, priced over $10m, also experienced a notable uptick. Seventeen units were sold in Q1 2025, matching the previous high recorded in Q2 2023. Amongst these, a standout transaction was a 5,899 sqft unit at Park Nova, sold for $38.888m, making it the second-highest price per square foot ever recorded.
However, the demand for Good Class Bungalows saw a decline, with only two transactions in Q1 2025 compared to 12 in Q3 2024. Despite this, the luxury market is expected to remain robust, supported by Singapore’s stable economy and political environment, which continue to attract high-net-worth individuals seeking valuable assets.
