13 Dec 2024
2025 Outlook: Stability and Growth in Singapore's Landed Property Market
Property Insight

The landed property market in Singapore has displayed resilience and robust growth in 2024, setting a strong foundation for continued performance in 2025. In the first 11 months of 2024, 1,733 landed units were sold, surpassing 2023’s total of 1,516 units, with transaction values increasing by 10.5% to $9.17 billion. This growth reflects buyer confidence and sustained demand, driven by the exclusivity and scarcity of landed properties in land-scarce Singapore.

Price trends reveal a stabilization in the landed property price index, which grew by 1.0% over the first nine months of 2024 compared to 3.2% in the same period in 2023. Median unit prices have also displayed steady growth across all segments. Notably, prices for Good Class Bungalows (GCBs) remained buoyant, with high-value transactions exceeding $20 million. The GCB market recorded 21 caveated transactions, up from 18 in 2023, emphasizing the segment's appeal among ultra-high-net-worth individuals (UHNWIs). District 10 remained a cornerstone for GCBs, supported by Singapore’s political stability and economic strength.

District 19 emerged as the most sought-after area for landed homes, recording 309 transactions due to its mix of established enclaves and proximity to amenities. Other popular districts include Districts 15 and 28, which offer coastal lifestyles and suburban tranquility. The diversity of demand highlights the appeal of landed housing across various buyer segments.

Private homeowners played a pivotal role in 2024, with transactions by this group rising 23.1% year-on-year, driven by capital appreciation in non-landed properties and the aspiration to upgrade. The landed segment's strong fundamentals and exclusivity make it a preferred choice for wealth preservation.

Outlook for 2025 remains optimistic, supported by sustained demand from private homeowners and UHNWIs. Key drivers include steady transaction volumes, stable price growth, and high-value activity in the GCB segment. Stabilization in price growth is expected to continue, fostering a balanced market environment. Districts such as 10, 15, and 19 are likely to remain hotspots due to their desirability and limited supply.

The landed market’s resilience is further reinforced by off-market transactions in the GCB segment, which cater to buyers’ preference for privacy. Despite challenges like inflationary pressures and high interest rates, the market's appeal as a secure asset class is undiminished.

In summary, the landed property market is poised for continued growth in 2025. Limited supply, strong fundamentals, and consistent demand from affluent buyers position the segment as a cornerstone of Singapore’s real estate landscape. The landed property market’s ability to attract well-capitalized buyers highlights its status as a resilient and prestigious segment, ensuring it remains a key component of Singapore’s property market in the years ahead.

Click here for the full report 

Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: mohan@sri.com.sg  

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The Bayshore Drive Government Land Sale (GLS) tender attracted three competitive bids, with a consortium comprising Frasers Property, Sunway MCL, Sekisui House and Lum Chang submitting the highest bid of $2.13 billion, translating to $1,323 psf per plot ratio (psf ppr). Although this was below the $1,388 psf ppr achieved by the neighbouring Bayshore Road GLS site, now launched as Vela Bay, the difference reflects the distinct planning and development requirements of the Bayshore Drive parcel rather than weaker developer sentiment.

The site is expected to yield approximately 1,280 residential units, making it one of the largest private residential developments within the emerging Bayshore precinct. Unlike a conventional residential project, the site will also incorporate an integrated bus interchange and supporting commercial components alongside Bedok South MRT Station. These additional infrastructure and construction requirements likely influenced developers' bidding strategies while still demonstrating confidence in the area's long-term growth potential.

The encouraging participation from three bidders highlights that developers remain willing to pursue sizeable land parcels where they see strong underlying demand. Confidence has also been supported by the successful launch of neighbouring Vela Bay, which reportedly achieved more than 72% sales during its launch weekend, reinforcing buyer acceptance of the Bayshore precinct. Combined with excellent MRT connectivity, established amenities and the Government's long-term plans for the East Coast, these factors continue to strengthen the investment appeal of the area.

The trend towards larger developments is also evident in recent land acquisitions, including the successful collective sale of Loyang Valley, reflecting developers' continued willingness to undertake sizeable redevelopment projects despite higher capital commitments and longer development timelines. At the same time, buyer interest in upcoming mega developments, including Thomson Reserve, remains encouraging, suggesting continued market acceptance of larger-scale residential communities.

Click

here

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Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: mohan@sri.com.sg

Property Insight
16 Jul 2026
June 2026 Developer Sales Report: Stable Market Fundamentals Support Growth Outlook

Singapore's primary residential market experienced a temporary slowdown in June 2026, with developers selling 156 new private homes (excluding Executive Condominiums), down from 447 units in May. The decline was largely anticipated, reflecting the seasonal effect of the June school holidays and the absence of any new project launches during the month. Rather than signalling weaker market conditions, the slowdown highlights the launch-driven nature of Singapore's primary residential market, where transaction volumes are closely tied to the availability of new supply.

Among all projects, including Executive Condominiums, Coastal Cabana emerged as the best-selling development, recording 21 units sold. The project continues to benefit from being launched under the previous Executive Condominium framework, allowing eligible buyers to purchase remaining units under earlier regulations. Combined with its attractive location, strong connectivity and competitive pricing, the development has maintained healthy sales momentum. Other top-performing projects included Hudson Place Residences, Chuan Park, The Continuum and Union Square Residences.

Looking ahead, market activity is expected to recover as several major launches enter the market. Lentor Gardens Residences and Dunearn House are expected to provide an early indication of buyer sentiment following June's quieter market, while Thomson Reserve, with over 1,200 units, is likely to become one of the most significant launches in the second half of 2026, addressing pent-up demand within the Rest of Central Region (RCR). Additional launches, including Lucerne Grand and future developments at Chuan Grove and Holland Link, are expected to further strengthen market activity.

 

Click

here

for the full report: 

  

  

Prepared By: 



Mohan Sandrasegeran 



Head of Research & Data Analytics 

  

Email: mohan@sri.com.sg  

Property Insight
10 Jul 2026
Singapore CCR Luxury Homes See Strong Sales Recovery in 1H2026

Singapore’s luxury residential market in the Core Central Region (CCR) remained resilient during the first half of 2026, although price growth moderated as the market transitioned towards a healthier balance between supply and demand. Based on URA flash estimates, the non-landed private residential price index in the CCR increased by an estimated 2.6% in 1H2026, compared with 3.8% in 1H2025. While capital appreciation eased, the continued increase reflects sustained confidence in Singapore’s prime residential market amid expanding supply and evolving buyer preferences. 

A key development during the period was the significant revival in new project launches. Approximately 701 units were launched in the CCR, representing the strongest half-year launch pipeline since 1H2022 and a sharp increase from just 96 units in 1H2025. This recovery was primarily driven by River Modern and Newport Residences, reflecting the gradual rollout of projects from previously awarded Government Land Sales (GLS) sites and providing buyers with a broader selection of luxury homes. 

The stronger supply translated into a sharp rebound in new home sales. An estimated 761 new homes were sold in 1H2026, more than tripling the 236 units recorded a year earlier and marking the highest sales volume since 1H2023. River Modern led the market with 424 units sold at a median price of $3,229 psf, while Newport Residences achieved 198 sales at a median price of $3,070 psf. Together, these two projects accounted for about 81.7% of all new CCR home sales, highlighting their significant contribution to market recovery. 

Looking ahead, the luxury residential market is expected to remain active in the second half of 2026 with upcoming launches such as Dunearn House, Amberwood at Holland, and The Serra Residences. Supported by a healthy pipeline of new supply, resilient domestic demand, and Singapore’s reputation as a global financial centre and safe-haven destination, the CCR market is expected to maintain stable transaction activity while continuing its transition towards more sustainable long-term growth.

Click

here

for the full report:

Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: mohan@sri.com.sg

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