Knight Frank Singapore’s latest report reveals a significant uptick in private home sales during Q3 2025, spurred by a wave of new project launches. Despite economic uncertainties, the demand for private homes remained robust, with sales increasing by 35% quarter-on-quarter (q-o-q) and 30.6% year-on-year (y-o-y), totalling 6,169 units.
The report highlights a 174.2% q-o-q surge in new sales, reaching 3,238 units, as developers rushed to launch projects before the Lunar Seventh Month. This surge offset a decline in secondary sales, which fell for the fifth consecutive quarter by 13.5% q-o-q and 19.9% y-o-y.
In the Core Central Region (CCR), new sales skyrocketed, with transactions increasing over 20 times to 894 units, driven by launches like River Green and The Robertson Opus. This activity led to a 127.4% q-o-q rise in non-landed home transactions, contributing to a 2.4% q-o-q and 9.1% y-o-y price growth.
The Rest of Central Region (RCR) also saw increased activity, with 1,065 new sales, a 21% q-o-q rise. Notably, Lyndenwoods sold 94.5% of its units on launch day. Meanwhile, the Outside Central Region (OCR) recorded a fivefold increase in new sales, with Springleaf Residence leading the way.
Despite healthy leasing activity, rents declined across all segments, with the ultra-luxury sector dropping by 6.1%. Knight Frank notes that landlords are prioritising occupancy amid cost-of-living concerns.
Looking ahead, Singapore’s residential market is expected to remain resilient, supported by low unemployment and strong household savings. However, global economic conditions and interest rates will be key factors to monitor.
