Prices Private Residential Properties See Moderate Quarterly Gain 09 3q2025
on launch weekend
According to the latest housing statistics from URA, the price of private residential properties increased by a moderate 0.9% in 3Q2025, almost matching the 1.0% q-o-q increase seen in 2Q2025. The landed property segment saw a price rise of 1.4% q-o-q in 3Q2025, a slight dip from the previous quarterly increase of 2.2% in 2Q2025. On the other hand, prices of non-landed private properties rose by 0.8% q-o-q in 3Q2025, compared to the 0.7% q-o-q increase in 2Q2025.
According to Marcus Chu, CEO of ERA Singapore, the strong demand for private residential properties in 3Q2025 was driven by lower interest rates and a more positive economic sentiment despite the uncertain macroeconomic outlook. Homebuyers were drawn in by the attractive new launch prices, which narrowed the gap between new and resale prices. Research from Huttons Asia showed that in absolute price terms, the average price of a new non-landed property in 3Q2025 was $2.3 million. This led to a smaller price gap of 18.8% between new and resale non-landed properties, compared to 25.2% in 2Q2025.
The private residential market saw a significant increase in new project launches, with 4,191 units across nine private residential projects entering the market in 3Q2025. This is the highest launch pipeline since 2Q2013. The nine new projects launched were Artisan 8, Canberra Crescent Residences, LyndenWoods, Promenade Peak, River Green, Springleaf Residence, The Robertson Opus, Upperhouse at Orchard Boulevard, and W Residences Marina View – Singapore. This surge in new launches resulted in a 171.3% q-o-q jump in new sales, with 3,288 units sold in 3Q2025.
Mark Yip, CEO of Huttons Asia, attributes the strong sales to the attractive new launch prices, which narrowed the gap with resale prices. The best-performing project in 3Q2025 was Springleaf Residence, a 941-unit development in the Outside Central Region (OCR) jointly developed by GuocoLand and Hong Leong. The project sold 870 units (92%) during its launch weekend in mid-August, at an average price of $2,175 psf. The next best-performing project was River Green, a 524-unit development in the Core Central Region (CCR) developed by Wing Tai, which sold 460 units (88%) at an average price of $3,130 psf during its launch in early August.
According to Knight Frank Singapore’s head of research Leonard Tay, this year saw the highest number of new units launched in the CCR since 1Q2010. CCR projects accounted for 1,856 units (44%) of the new supply in 3Q2025. Other projects launched in the CCR in 3Q2025 were Upperhouse at Orchard Boulevard, which sold 202 units at a median price of $3,277 psf, and The Robertson Opus, which moved 171 units at a median price of $3,359 psf. The CCR saw a 1.7% quarterly price increase, higher than the 3.0% q-o-q increase in 2Q2025.
Meanwhile, the OCR saw a 0.8% quarterly price increase in 3Q2025, slowing down from a 1.1% q-o-q increase in 2Q2025, while the Rest of Central Region (RCR) recorded a 0.3% q-o-q increase, after a 1.1% q-o-q decrease in 2Q2025.
One of the greatest selling points of the EC at Sembawang Road is its excellent connectivity. The development is strategically located within close proximity to two major MRT stations – Sembawang and Canberra – along the North-South Line. This offers residents direct train access to various key areas in Singapore, including the bustling Orchard Road, the central business district of Raffles Place, and the vibrant Jurong East. For those who prefer to drive, the nearby Sembawang Road provides convenient access to the Seletar Expressway (SLE) and Bukit Timah Expressway (BKE), allowing for a smooth commute to different parts of the island. What’s more, with the ongoing development of the new North-South Corridor (NSC), connectivity is set to become even more seamless. This ambitious project aims to integrate expressways with dedicated bus lanes and cycling paths, making it one of Singapore’s most innovative transport initiatives. With such excellent connectivity, it’s no wonder that the Sembawang Road EC at Canberra MRT is a highly sought-after residential property.
Resale transactions also saw an increase of 6.4% q-o-q, with 3,881 units sold in 3Q2025. Resale transactions accounted for 52.4% of all sales transactions in 3Q2025. The proportion of sub-sale transactions fell to 3.2% of all sale transactions, with 235 deals recorded, compared to 269 deals (5.2% of all sale transactions) in 2Q2025.
The government introduced new property cooling measures in July, which aimed to discourage speculative activity in the property market by increasing the Seller’s Stamp Duty (SSD) holding period and raising SSD rates. Despite this, the residential market remains resilient, supported by low unemployment and healthy household balance sheets, says Knight Frank’s Tay. He adds that strong domestic savings provide households with financial flexibility, sustaining housing demand even as global economic and geopolitical pressures persist.
Looking ahead, the final quarter of 2025 will see two more launch-ready projects, The Sen and Zyon Grand, while the executive condo Coastal Cabana in Pasir Ris will open its sales gallery in December. According to Christine Sun, chief researcher and strategist of Realion (OrangeTee & ETC) Group, demand for new homes is expected to remain strong in the final quarter of the year, with developers likely to expedite their launches to take advantage of the current positive sales momentum. She also points to high take-up rates at the recent launches of Skye at Holland and Penrith, with the former moving 99% of its units on launch weekend and the latter, 97%.