Landed Home Market Posts Lower Sales Volume And Prices 2Q2025 Huttons
The market for landed residential properties experienced a decrease in activity during the second quarter of 2025, with a decline in both sales volume and prices compared to the previous three months. According to research conducted by Huttons Asia, a total of 404 landed homes (excluding Good Class Bungalows and strata landed homes) were sold, 6.2% lower than the 431 homes sold in the first quarter of 2025.
The average transacted price for landed homes also decreased by 0.9% from the previous quarter, reaching $1,989 per square foot (psf). This resulted in a total sales value of $2.2 billion for landed homes in the second quarter, a 12.6% decline from the previous quarter.
In its quarterly research report on the landed property market, Huttons attributes the decrease in transaction volume to uncertainties surrounding tariffs, leading some buyers to hold off on purchasing properties.
In terms of property type, the volume of terrace homes transacted in the second quarter of 2025 was higher at 243 compared to 232 in the previous quarter. However, the average price for these homes was lower at $2,096 psf, compared to $2,125 psf in the first quarter of 2025.
On the other hand, both the semi-detached and detached housing segments saw a decrease in both volume and average prices. In the second quarter of 2025, a total of 129 semi-detached homes were sold at an average price of $1,859 psf, a 15% decrease in volume and a 0.1% decrease in price compared to the previous quarter.
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The average price for detached landed homes saw a bigger decline of 10.5% from $1,896 psf in the first quarter of 2025 to $1,697 psf in the second quarter. This was attributed to the sale of larger detached homes in the second quarter, as the average land size of these homes increased from 6,344 sq ft to 7,219 sq ft. The total number of detached properties transacted also decreased from 47 in the first quarter to 32 in the second quarter of 2025.
District 15 had the highest number of landed home transactions in the second quarter of 2025, with 64 units sold. All of these units were either 999-year leasehold or freehold properties. Other popular districts for landed homes included District 16 (40 units), District 19 (66 units), District 20 (38 units), and District 28 (35 units).
The most expensive landed home sold last quarter was a freehold detached home at Chancery Lane, which sold for $23.5 million. Looking ahead, Huttons expects prices and volume of landed homes to remain stable for the rest of the year. “Clarity on tariffs for many countries has emerged after months of negotiations with the US, which will have a positive impact on the global economy,” the report adds. Additionally, the 90-day pause in tariffs announced by the US in April resulted in businesses frontloading their manufacturing and exports, giving a boost to Singapore’s economy.
Huttons also expects that these factors, combined with lower interest rates, will continue to support demand for landed homes in the second half of 2025.