New home sales in Singapore soared to a record high in October 2025, with 2,424 private homes sold, marking a significant rebound from the 255 units sold in September. This surge, nearly 10 times the previous month’s figures, also surpasses the year’s previous high of 2,142 units in August. The increase is attributed to attractive new launches, low interest rates, and a resilient economy boosting homebuying interest.
October’s performance brings the year-to-date total to 10,299 units, a 59.2% increase over the entire 2024 sales volume of 6,469 units. This marks the highest sales tally since 2021, when 13,027 units were sold. The top-selling projects in October included Skye at Holland, Zyon Grand, and Penrith, all of which saw robust demand due to their prime locations and appealing pricing.
Skye at Holland led the sales with 662 units sold at a median price of $2,949 per square foot (psf), achieving a 99% sales rate. Zyon Grand followed with 595 units sold at $3,038 psf, whilst Penrith moved 446 units at $2,791 psf. Faber Residence also performed well, selling 348 units at $2,149 psf.
The Rest of Central Region (RCR) dominated sales, accounting for 50.5% of October’s transactions, driven by the success of Zyon Grand and Penrith. The Core Central Region (CCR) also saw significant activity, with 724 units sold, largely due to Skye at Holland’s success.
Looking ahead, CBRE Research forecasts that 2025 could see total new home sales reach between 10,500 and 11,000 units. Private home prices, which have risen 2.7% in the first nine months of 2025, are expected to continue their upward trend, potentially matching or exceeding the 3.9% growth seen in 2024.
