Real estate investment sales in Singapore surged by 96% quarter-on-quarter (QoQ) in the third quarter of 2025, reaching $8.09b (S$11.09b), according to Savills’ latest report. This significant increase reversed the previous downward trend, with cumulative sales for the first nine months hitting $16.57b (S$22.72b), marking a 17.9% rise compared to the same period in 2024.
The residential sector dominated the market, accounting for 45.1% of total investment sales, with a remarkable 148.8% increase QoQ to nearly $3.65b (S$5b). This growth was driven by both public and private sector transactions, which rose by 189.1% and 105.8%, respectively. The Government Land Sales programme contributed significantly, with state land parcels generating nearly $3.03b (S$4.15b).
Commercial sector sales also saw a sharp increase, totalling $1.84b (S$2.52b), up from $311.5m (S$426.9m) in Q2. This growth was fuelled by major transactions, including CapitaLand Integrated Commercial Trust’s acquisition of a 55% interest in CapitaSpring for $762.5m (S$1.045b).
Jeremy Lake, Managing Director of Investment Sales and Capital Markets at Savills Singapore, noted, “Despite the sharp jump in headline investment sales to $8.09b (S$11.09b) in Q3, the actual number of private investment sales excluding related party transactions and REIT IPO deals remains disappointingly low.”
Looking ahead, Savills has revised its 2025 forecast from $14.61b (S$20b) to a range of $20.45b to $21.89b (S$28b to S$30b), reflecting the favourable capital market conditions and increased developer confidence.
