Singapore’s real estate market experienced a significant upswing in investment sales during the third quarter of 2025, according to the latest report by Realion’s ETC Research. The investment sales surged by 82.5% quarter-on-quarter (QoQ) to $7.4b (S$10.1b), primarily fuelled by Government Land Sales and developers’ preference for sites with ample amenities.
Office rents in the Central Region remained stable, with the Urban Redevelopment Authority’s rental index easing slightly by 0.1% QoQ. Central Business District (CBD) Grade A rents held steady at $7.20 (S$9.80) per square foot per month. However, island-wide office occupancy saw a minor decline of 0.2 percentage points to 94.8%, attributed to negative absorption in decentralised areas.
In the industrial sector, property prices increased by 0.6% QoQ, led by single-user factories, although this was a slower growth compared to the 1.4% in the previous quarter. Overall industrial occupancy rose by 0.3 percentage points to 89.1%, driven by warehouse demand. Industrial rents grew by 0.5% QoQ, a moderation from the 0.7% growth in Q2 2025.
The retail sector benefited from an influx of 4.5 million international visitors in Q3 2025, spurred by holidays and Meetings, Incentives, Conferences, and Exhibitions (MICE) events. Retail rents are anticipated to rise modestly, with leasing activity focusing on relocations, downsizing, and space optimisation due to rising costs and changing consumer preferences.
In the residential market, private home prices increased by 0.9% QoQ, with notable rises in both landed and non-landed properties in the Core Central Region (CCR) and Outside Central Region (OCR). Transaction volumes surged by 44.4% QoQ to 7,404 units, driven by higher primary sales, whilst rents edged up by 1.2% amid steady leasing activity.
These developments highlight a dynamic period for Singapore’s real estate market, with significant investment and growth across various sectors.
