Singapore’s residential property market experienced a slowdown in Q4 2025, with new home sales dropping by 10.6% quarter-on-quarter to 2,940 units, according to a report by Savills. The number of property launches also saw a significant decline, falling by 37.2% to 2,632 units during the same period.
Secondary sales, which had seen growth in the previous two quarters, eased by 8.7% to 3,759 units. The report highlighted a notable decrease in non-landed residential sales by Singaporeans, which fell by 15.5% to 4,900 units. Sales to Singapore permanent residents showed a moderate contraction of 1.5%, totalling 929 units.
Despite the overall decline, prices in Savills’ basket of luxury non-landed private residential projects continued to rise, with a 0.5% increase to S$2,640 per square foot in Q4 2025. The report suggests that a broader market repricing may take one to two years, although some repricing is expected within the Rest of Central Region (RCR) and Core Central Region (CCR) in 2026.
Looking ahead, Savills projects a 3% rise in private residential prices in 2026, as selected RCR launches are anticipated to see prices overlap into CCR territory. This trend indicates a potential shift in market dynamics, focusing more on these central regions.
