Singapore’s private residential property market demonstrated modest resilience in the second quarter of 2025, with prices inching up 0.5% quarter-on-quarter, according to flash estimates released by the Urban Redevelopment Authority. This growth represents a deceleration from the 0.8% increase recorded in Q1 2025 and the more robust 2.3% growth in Q4 2024, reflecting a continued moderation trend in the market. Knight Frank attributed this pattern to market-wide stabilization, noting that buyers had become more cautious due to ongoing trade frictions and geopolitical tensions.
Singapore’s property market shows modest growth of 0.5% in Q2 2025, continuing the deceleration trend from previous quarters.
The cumulative price growth for the first half of 2025 stands at 1.3%, vastly lower than the 2.3% increase observed during the same period in 2024. Non-landed private residential properties saw a 0.5% price increase, down from 1% in the preceding quarter, while landed properties experienced slightly stronger growth at 0.7%, improving from 0.4% in Q1. Recent data shows that private home prices have actually risen by 4.3% year-on-year despite quarterly fluctuations.
Regional performance varied extensively across Singapore’s market segments. The Core Central Region (CCR) led with a 2.3% price increase, significantly higher than its 0.8% growth in Q1. The Outside Central Region (OCR) rebounded with a 0.9% rise after a modest 0.3% increase previously. Conversely, the Rest of Central Region (RCR) experienced a 1.1% price decline, reversing the 1.7% growth recorded in the first quarter. Properties with BCA Green Mark certification continued to outperform the broader market, commanding premium prices as investors prioritize sustainability.
Transaction volumes declined drastically, with Q2 sales falling 40% to 4,340 units compared to 7,261 in Q1, representing a 12% year-on-year decrease. The secondary market was particularly affected, with volumes dropping by over 20%. May 2025 marked the lowest monthly new sales of the year, attributed to the absence of new project launches.
Final statistics for Q2 2025 will be published by the Urban Redevelopment Authority on July 25, 2025, providing a thorough assessment of Singapore’s residential property market performance during this period of measured growth amid challenging market conditions.
