Singapore’s real estate market is experiencing a significant rebound, with total investment sales forecasted to reach SGD 28–30 billion in 2025 following upward revisions by major property consultancies Savills and Colliers. This reflects improved market momentum and renewed investor confidence.
CBRE projects a year-on-year rise in investment volume of 5–10 percent, supported by resurgent institutional and cross-border investor activity concentrated in commercial and residential sectors. The recovery stems from macroeconomic stabilization and anticipated declines in global interest rates, which collectively enhance affordability for investors and reinvigorate capital inflows targeting the Singapore market. Lower mortgage rates, now below 3% in early 2025, significantly boost market confidence and broaden borrowing capacity for residential purchasers.
CBRE projects a 5–10 percent year-on-year rise in investment volume, driven by institutional and cross-border investor activity amid macroeconomic stabilization and anticipated interest rate declines.
Price growth trajectories remain moderate across residential segments, with private residential property appreciation forecasted at 1–5 percent for 2025. This marks a deceleration from previous periods of rapid escalation. High-end non-landed properties have demonstrated particular resilience, with the segment recording its first annual decline since Q4 2020, suggesting potential for partial price recovery in coming quarters as sentiment strengthens.
HDB resale prices are projected to rise 3–6 percent annually, with price appreciation concentrated in the Rest of Central Region and Outside Central Region as buyers increasingly shift toward city fringe and suburban locations. For buyers with a $14,000 monthly income, HDB resale flats present an attractive middle-ground option with potential housing grants up to $160,000, providing immediate availability compared to longer waiting periods for new builds.
Importantly, million-dollar HDB transactions reached a record 415 units in the second quarter of 2025, reflecting affordability pressures in the private market that channel demand toward premium resale flats.
Residential resale volumes are anticipated to reach 14,000–15,000 units throughout 2025, with secondary market sales demonstrating year-on-year growth of 27 percent despite moderation from declining buyer interest.
Suburban and city fringe regions collectively account for 87 percent of primary and secondary market transactions, underscoring the pronounced shift in buyer preferences away from core central locations.
New launch private home sales volumes are expected to rise considerably, supported by robust pipelines from high-profile Government Land Sales sites and executive condominiums. These segments are recording strong take-up rates driven by affordability considerations and eligibility quotas.
Foreign buyer participation remains constrained following the April 2023 Additional Buyer’s Stamp Duty increase to 60 percent for overseas purchasers, thereby reducing speculative activity while enhancing pricing stability in luxury districts.
Wealthy Singaporeans and Permanent Residents are increasingly addressing the gap in prime segment investment, while cross-border institutional demand persists primarily in commercial real estate and logistics sectors.
Low unsold inventory and limited new project supply establish a supportive price foundation, with government policies continuing to prioritize local homeownership and restrict non-resident residential investment.
