Private home prices in Singapore increased by 1.2% quarter-on-quarter (QOQ) in Q3 2025, driven by a series of new city launches, according to flash estimates released by the Urban Redevelopment Authority (URA). This marks the fourth consecutive quarter of rising private home prices. Meanwhile, the Housing and Development Board (HDB) reported a slower growth of 0.4% QOQ in resale flat prices, continuing a trend of easing growth for the fourth straight quarter.
The Core Central Region (CCR) saw the most significant rise in non-landed private home prices, with a 2.4% QOQ increase, attributed to successful launches such as The Robertson Opus and UpperHouse at Orchard Boulevard. These projects collectively sold 835 units, contributing to the highest quarterly CCR sales since Q4 2010.
In the Rest of Central Region (RCR), prices reversed a previous decline, rising by 0.4% QOQ, supported by new launches like LyndenWoods and Promenade Peak. The Outside Central Region (OCR) also experienced a 1.0% QOQ price increase, bolstered by strong demand for mass-market homes, notably the Springleaf Residence, which sold 94% of its units.
Kelvin Fong, CEO of PropNex, noted, “The sustained buyer interest in new launches in Q3 2025 has helped to prop up private home prices.” He projected a 4% to 5% rise in private home prices for 2025, driven by well-located projects and lower interest rates.
The HDB resale market saw 7,157 flats resold in Q3 2025, slightly up from the previous quarter. However, the cumulative price increase for 2025 remains significantly lower than in 2024, reflecting a cooling trend in the resale market.
