Singapore’s residential property market experienced a remarkable recovery in the third quarter of 2025, with new home sales soaring nearly threefold from 1,212 units in Q2 to 3,288 units in Q3, according to Savills’ latest report. This surge follows a previous slump and represents a 183.4% year-on-year increase.
The Rest of Central Region (RCR) and Core Central Region (CCR) accounted for 33.2% and 27.5% of new sales, respectively, whilst the Outside Central Region (OCR) led with 39.4%. The top five best-selling projects, including Lyndenwoods and Springleaf Residence, were all new launches, appealing to local buyers for personal use or leasing to foreign professionals.
Secondary market sales also rose for the second consecutive quarter, increasing by 5.1% to 4,116 units, the highest since Q2 2024. The CCR saw the most significant growth in secondary sales, up 12.5% to 737 units.
Non-landed home purchases by Singaporeans reached a five-year high, increasing 52.9% to 5,661 units. Foreigners and permanent residents also showed increased interest, with sales rising 70.9% and 13.9%, respectively. The stable economic environment and lower interest rates are believed to have influenced these trends.
Alan Cheong, Executive Director of Research & Consultancy at Savills Singapore, noted, “Whilst demand may moderate, the liquidity from the baby boomer generation and stock market gains could still lift prices by about 3% in 2026.” The momentum in new project sales is expected to remain strong, driven by high liquidity and rising HDB resale prices.
