While numerous global financial centers compete for the attention of ultra-high-net-worth individuals, Singapore has distinguished itself as the world’s most expensive city for foreign luxury homebuyers in 2025, according to rankings published by Savills and other leading property consultancies.
The city-state has maintained its position as either the most expensive or among the top three destinations for luxury property investment since 2023, with prime district properties commanding prices exceeding SGD 3,500 per square foot.
Singapore’s elevated property costs stem from multiple convergent factors, including stringent government restrictions on land release that create artificial scarcity and support premium pricing structures.
The robust demand from ultra-high-net-worth individuals, particularly those from the Asia-Pacific region with significant representation from China, sustains top-tier property valuations across exclusive enclaves.
The strong Singapore dollar further amplifies property costs when calculated in foreign currencies, while limited land supply and extensive regulatory controls maintain substantial entry barriers for luxury buyers.
The broader cost of living context compounds these high-end housing expenses, as luxury goods, private school fees, and premium services contribute to Singapore’s position among the world’s most expensive cities for comprehensive luxury expenditure. This ranking reflects the cost of 20 luxury goods and services measured in USD terms for high-net-worth individuals.
Regulatory charges, including stamp duties and Additional Buyer’s Stamp Duty specifically targeting foreign luxury property buyers, add substantial costs to international transactions. Prospective buyers should consider working with reliable property agents who can navigate these complex regulatory requirements and identify suitable luxury properties.
In regional and global comparisons, Singapore leads rankings ahead of traditional luxury destinations including London, Hong Kong, Monaco, and Zurich, while emerging markets such as Dubai, Shanghai, and Tokyo demonstrate rising luxury property values.
The city’s geographic insularity as an island nation distinguishes it from other top luxury destinations, combining global finance, trade, and tourism dynamics in a unique configuration. The island city faces land shortages that force vertical expansion and contribute to maintaining high property prices despite modern developments.
Key luxury neighborhoods including Marina Bay, Orchard Road, Sentosa Cove, and Tanglin Road feature ultra-prime residential projects with extremely limited supply of new super-premium waterfront and skyline-view penthouses.
Landmark developments such as Ritz-Carlton Residences and Wallich Residence achieve record valuations, with most luxury transactions conducted off-market through private networks.
Foreign buyers, predominantly from China, Indonesia, India, and Russia, dominate top-tier luxury transactions alongside local elites and family offices seeking wealth preservation through Singapore property investments.
