Private home prices in Singapore have risen for the third consecutive quarter, according to OrangeTee’s Q2 2025 Private Residential Report by Realion Research. The report highlights a 1% increase in prices, a faster pace than the previous quarter’s 0.8% rise. However, the sales volume of private homes, excluding executive condominiums, fell by 29.4% from Q1 2025, marking the lowest volume since Q2 2024.
The report indicates that new home sales plummeted by 64.1% to 1,212 units, whilst resale transactions saw a modest rebound of 2.3% to 3,647 units. Despite fewer launches, the average prices of new homes in the Core Central Region (CCR) and Rest of Central Region (RCR) reached record highs, with CCR prices surging to S$3,380 per square foot (psf).
In the resale market, prices continued to climb, reaching a record high of S$1,779 psf. Landed property prices also rose by 2.2%, the highest growth since Q1 2024. The number of Good Class Bungalow transactions increased significantly, from two units in Q1 2025 to nine units in Q2 2025.
Rental prices saw a slight increase, with non-landed homes in CCR experiencing the fastest growth at 1.8%. The overall private rental volume rose by 2.8% quarter-on-quarter.
Looking ahead, several new projects are expected to launch in the latter half of 2025, potentially boosting sales. However, ongoing geopolitical uncertainties may lead to cautious spending and investment, with prices projected to rise by 3%-5% for the year.
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