The Singapore real estate market demonstrated resilient growth dynamics in Q2 2025, with private residential property prices advancing 1.0% quarter-on-quarter despite a notable 29.4% decline in sales volume from the previous quarter.
Meanwhile, year-on-year comparisons revealed a more optimistic trajectory, with transaction volumes increasing 4.3% compared to Q2 2024.
Transaction volumes surged 4.3% year-on-year in Q2 2024, signaling sustained market momentum despite quarterly fluctuations.
Foreign investor participation intensified during this period, particularly within the Core Central Region and prime market segments. International capital inflows targeted luxury projects with strong branding credentials.
This heightened overseas buying interest supported price levels and absorption rates in high-end developments, contributing to the CCR‘s remarkable 3.0% quarter-on-quarter growth in non-landed prices and establishing a 3.8% year-to-date increase through H1 2025. This represents the largest first-half rise since 2018.
Singapore’s chronic land scarcity emerged as a fundamental constraint shaping market dynamics, with limited supply availability in central regions creating pronounced price pressures across various segments.
Landed residential properties demonstrated particularly robust performance, registering 2.2% quarter-on-quarter growth that outpaced non-landed developments due to restricted inventory levels.
The small market size amplified the impact of luxury and foreign-led demand spikes. Meanwhile, developers maintained cautious approaches to land acquisitions and launch schedules amid macro uncertainties and existing government policies.
Regional performance variations highlighted market segmentation effects. The Rest of Central Region experienced a 1.1% price decline following previous growth momentum, contrasting sharply with the CCR’s strong recovery phase, which market observers characterized as promising.
The Outer Central Region sustained moderate expansion with 1.4% year-to-date growth through H1 2025.
Overall private home price appreciation reached 1.8% for the first half, representing a moderation from the 2.3% recorded in H1 2024. Rental markets remained resilient with positive outlook, as rents are forecasted to grow between 3.0% and 5.0% year-on-year in 2025, aided by higher international student demand and rental resilience.
Government cooling measures, including elevated taxes and stamp duties, continued restraining speculative activity while maintaining market stability. The Direct Comparison Method remains the predominant valuation approach for residential properties, enabling accurate pricing assessments during these dynamic market conditions. Comprehensive sector snapshots provide detailed market insights across office, residential, industrial, and retail segments to help investors navigate these evolving market conditions.
The moderate pipeline for new launches prevented oversupply conditions and provided underlying support for prices in core locations.
This demonstrates how supply constraints and foreign capital convergence shaped Singapore’s property landscape amid broader economic uncertainties and regulatory frameworks designed to ensure sustainable growth patterns.
