Singapore’s property market witnessed a significant uptick in activity in July 2025, with developer sales reaching 940 units, excluding Executive Condominiums. This marks a substantial 245.6% increase from June’s 272 sales and a 63.2% rise compared to July 2024, according to Knight Frank Singapore’s Head of Research, Leonard Tay.
The surge was largely driven by the successful launch of Lyndenwoods, which sold 97% of its 343 units at a median price of S$2,463 per square foot. New launches in the core central region, such as UpperHouse at Orchard Boulevard and The Robertson Opus, also contributed to the heightened activity, with sales of 59% and 43% respectively.
Despite the Additional Buyer’s Stamp Duty continuing to deter foreign buyers, local demand remains robust. Tay noted a shift in buyer sentiment, with more locals willing to pay a premium for new properties. “Local homebuyers are expected to support activity in the prime home market segment, largely for their own occupation,” he said.
The first seven months of 2025 have seen an estimated 5,527 primary transactions, aligning with Knight Frank’s forecast of 7,000 to 9,000 transactions for the year. This resurgence comes despite recent increases in Seller’s Stamp Duty rates and an extended holding period.
The influx of new citizens and permanent residents, with 23,472 new citizens and 34,491 new permanent residents in 2023, is expected to further bolster the market. As global instability persists, Singapore’s stable environment continues to attract those seeking high-rise living opportunities.
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