Although Singapore’s overall private residential market recorded a modest 0.81% quarter-on-quarter increase in the Property Price Index for Q1 2025, the Core Central Region has demonstrated particularly stronger momentum. Non-landed properties in CCR posted an 8.28% year-on-year gain and reached SGD 2,612 per square foot in the high-end segment.
Singapore’s Core Central Region leads market momentum with 8.28% annual gains in non-landed properties.
The ultra-high-end segment achieved SGD 5.95 per square foot during the same period, with growth concentrated in Downtown Core, River Valley, and Orchard/Cairnhill submarkets. However, a moderate price correction was noted by March 2025.
Small condominium units in prime districts have emerged as a distinctive category within the market, with prices varying widely by region throughout 2025. Prime district projects have begun positioning themselves as more affordable despite their prestige locations, with typical one-bedroom prices tied to regional per-square-foot benchmarks that reflect the substantial premium commanded by central locations. CCR price benchmarks range from SGD 2,600 to SGD 3,400 psf, significantly higher than OCR’s SGD 1,600 to SGD 2,100 psf range.
The Outside Central Region continues to dominate resale activity for one-bedroom and studio units, accounting for over half of such transactions. This trend is driven by affordability considerations and urban renewal initiatives. Secondary sales in the broader market rose to 4,212 units in Q3 2024, marking the highest volume since Q2 2022.
The Rest of Central Region recorded 209 resales of residential apartments from January to July 2025. Annual growth reached 6% by November 2025, leading all regions in year-on-year performance.
Developers have strategically targeted the $1.8 million price point amid upgrader demand, while new launches feature smaller units that maintain practical dimensions. Post-pandemic shifts have accelerated demand for smart home technology integration across new condominium developments.
OCR registered 352 residential apartment resales during the same period, with Sengkang notably leading in larger unit transactions according to market data.
Industry forecasts from CBRE and PropNex project private residential prices to increase 3-4% for the full year 2025. This outlook is supported by low unsold inventory levels and strong household balance sheets.
Land scarcity continues to drive upward pricing pressure in prime districts, while non-landed properties have outperformed landed segments. Non-landed properties posted 4.74% year-on-year growth compared to declines in the landed category.
District 13 demonstrated 13.75% gains over two years, outperforming District 19. Meanwhile, District 20 remains identified as undervalued with potential upside.
Rental markets are expected to remain flat throughout 2025 due to uncertainties surrounding foreign hiring patterns.
