Accelerating into year-end, Singapore’s landed housing segment outperformed the broader private residential market in Q4 2025, with landed prices rising 3.5% quarter-on-quarter, up from 1.4% in Q3, marking a fourth consecutive quarter of gains since Q4 2024 and underpinning the overall private home price index increase. Analysts noted that foreign demand remained subdued amid ABSD-related headwinds, keeping activity largely driven by local and PR buyers.
Overall private residential prices rose 3.4% in 2025, the slowest annual pace since 2020.
Analysts attributed the Q4 strength to resilient upgrader demand colliding with persistently tight supply, conditions that lifted full-year landed price growth to 7.7% in 2025, a marked rebound from 0.9% in 2024.
On formal measures, the Landed Property Price Index reached 253.1, reflecting 3.4% q-o-q and 7.6% y-o-y growth, while average landed price per square foot had already surpassed S$2,000 by 1Q 2025, advancing a further 3.3% q-o-q.
Transactional turnover remained active despite higher benchmarks, with 491 landed deals recorded in Q4 versus 559 in Q3, and full-year 2025 volumes totaling 1,852 transactions, the highest since 2021 and 11.2% above 2024, exceeding ERA’s earlier expectations of 1,500–1,800 deals.
The value profile of activity underscored the depth of capital supporting the segment, as 50.5% of Q4 transactions, or 248 units, were priced above S$5 million, broadly in line with Q3’s 51.5% share. Land scarcity in Singapore continues to exert upward pressure on property values across all segments.
In aggregate, H2 2025 landed sales reached S$4.5 billion, alongside 483 transactions, and more units were concluded at higher price points in Q4 than Q3.
Spatially, District 19 sustained broad-based terrace demand, commonly surpassing 200–400 units annually, while District 10 maintained consistently high volumes across landed types since 2020, supported by elite-school catchments and Good Class Bungalow clusters; pricing data showed D10 terrace homes at S$2,639 psf in 2023, with all landed types above S$2,400 psf by 2025.
Primary-market momentum provided additional context, with 10,667 new private homes sold in 2025, up from 6,469 in 2024, and 2026 supply projected at 23,500–25,500 homes, while rising tender land costs are expected to filter into launch pricing within 12–15 months.
