Singapore’s private residential market showed remarkable resilience in the third quarter of 2025, with a significant rise in property sales and prices. According to the Urban Redevelopment Authority (URA), the property price index increased by 0.9% in Q3, slightly down from the 1% growth in Q2 but still ahead of the 0.8% rise in Q1. Year-to-date, prices have grown by 2.7%, outpacing the 1.6% increase during the same period in 2024.
The sales volume of private homes, both non-landed and landed, excluding executive condominiums (EC), rebounded strongly by 44.4%, with 7,404 units sold in Q3 2025. This marks the highest third-quarter performance in four years, surpassing previous years’ figures. The surge was primarily driven by new home sales, which soared by over 171.3% quarter-on-quarter, thanks to an increase in new project launches offering a variety of housing options.
Despite numerous new home launches, demand for resale homes remained robust, with a 6.4% increase in resale volume from Q2 to Q3. The trend was evident across all market segments, including the Core Central Region (CCR), Rest of Central Region (RCR), and Outside Central Region (OCR).
Rental prices also rose modestly, with a 1.2% increase in Q3, marking the first time in nine quarters that rental prices exceeded a 1% rise. The private rental market faces challenges due to global economic uncertainties, but overall rental prices are expected to climb by up to 3% for the year.
Looking ahead, several new launches are planned before the year-end, with developers keen to capitalise on the positive sales momentum. Easing borrowing costs, following a recent interest rate cut by the US Federal Reserve, are expected to further boost housing affordability and investor confidence. Overall market prices are projected to rise by 3.5% to 4.5% for 2025, with total sales forecasted to reach around 24,000 to 26,000 units, excluding ECs.
