Singapore’s private residential property market experienced a slowdown in price growth during the fourth quarter of 2025, according to the Urban Redevelopment Authority’s (URA) flash estimates. Prices increased by 0.7% quarter-on-quarter, a decrease from the 0.9% rise in the previous quarter. This brings the full-year growth to 3.4%, the slowest pace since 2020, when prices rose by 2.2% amid the COVID-19 pandemic.
The decline in growth was notably influenced by a 3.2% drop in non-landed prices in the Core Central Region (CCR), attributed to realistic pricing at the new Skye at Holland development. Despite this, the project saw a near sell-out, with 99% of its units sold during the launch weekend.
Overall, 2,876 new private homes were sold in Q4 2025, a 12.5% decrease from the previous quarter due to fewer launches. However, the total number of new private homes sold in 2025 reached 10,667, nearly doubling the 6,469 units sold in 2024, marking a four-year high.
Tricia Song, CBRE Head of Research for Singapore and Southeast Asia, noted that the market was buoyed by lower interest rates and better-than-expected economic conditions. “Despite persistent trade uncertainty and geopolitical tensions, Singapore’s 2025 GDP growth outperformed, rising 4.8% for the full year,” Song stated.
Looking ahead, CBRE Research anticipates that whilst buying sentiment will remain strong in 2026, sales volumes may ease due to fewer launches and the normalisation of demand. Private home prices are expected to grow between 2% and 4%, aligning with the projected GDP growth of 1% to 3% for 2026.
