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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Property Insight
01 Jul 2026
2Q2026 Singapore Property Flash Estimates: Stable Demand & Moderate Prices

Singapore's residential property market continued its transition towards a more balanced and sustainable growth phase in 2Q2026, with both the private residential and HDB resale markets showing signs of moderation driven largely by improving housing supply rather than weakening demand. 

According to the flash estimates, private residential property prices increased by 0.5% quarter-on-quarter in 2Q2026, easing from the 0.9% growth recorded in 1Q2026. This brought cumulative price growth for the first half of 2026 to 1.4%, compared with 1.8% during the same period in 2025. The moderation reflects a market returning to a more sustainable trajectory following stronger momentum earlier in the year. Limited new project launches, changes to the Executive Condominium (EC) policy framework, and seasonal factors such as the June school holidays contributed to a slower pace of transactions.

Developers launched an estimated 1,705 private residential units across three projects—Tengah Garden Residences, Vela Bay and Hudson Place Residences—slightly lower than the 1,844 units launched in 1Q2026. Despite the reduced supply, buyer demand remained resilient, with the average launch weekend take-up rate improving from 70.5% to 77.5%. This demonstrates continued demand for well-located and competitively priced developments, particularly among owner-occupiers and HDB upgraders supported by stable employment and healthy household balance sheets.

The HDB resale market also continued to moderate. Flash estimates indicate resale prices declined by 0.3% quarter-on-quarter in 2Q2026 following a slight 0.1% decline in 1Q2026, bringing first-half price growth to -0.4%, compared with a 2.5% increase over the same period in 2025. Rather than indicating market weakness, the slower price movement reflects improving supply conditions through continued Build-to-Order (BTO) launches, a growing number of flats reaching their Minimum Occupation Period (MOP), and expanding resale inventory.

The June 2026 BTO exercise introduced approximately 6,952 flats, including substantial supply in mature estates such as Bishan, Bukit Merah and Ang Mo Kio, providing buyers with more attractive alternatives to the resale market. Increased availability of shorter waiting-time flats has further eased demand pressures on resale housing.

Click

here

for the full report:

Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: mohan@sri.com.sg

Property Insight
01 Jul 2026
River Valley Green (Parcel C) Draws Top Bid of $1,730 psf ppr

The tender results for the River Valley Green (Parcel C) Government Land Sale (GLS) site reinforce continued developer confidence in Singapore's prime residential market. Sunway MCL and CSC Land Group emerged as the highest bidder with a tender of $750.6 million, translating to $1,730 psf per plot ratio (psf ppr). The site attracted four bids, despite being the fifth GLS site released within the broader River Valley and Zion precinct, highlighting sustained developer interest in securing a presence within one of Singapore's most established residential enclaves.

Much of this optimism is supported by the strong performance of recent residential launches in the River Valley and Zion area. Projects within the precinct have recorded an average launch weekend sales rate of around 79%, with River Modern achieving an impressive 90% take-up during its launch weekend. These healthy absorption rates demonstrate resilient buyer demand and provide developers with greater certainty regarding future sales.

The precinct continues to appeal to buyers due to its combination of excellent connectivity and lifestyle offerings. Located near Great World MRT Station on the Thomson-East Coast Line, the site enjoys convenient access to Orchard Road, Marina Bay and the Central Business District. Residents will also benefit from proximity to Great World City, Robertson Quay, the Singapore River, Kim Seng Park and various dining, retail and recreational amenities, while families are likely to appreciate nearby schools such as River Valley Primary School.

The land parcel is expected to yield approximately 470 residential units, catering to a broad spectrum of buyers including owner-occupiers, HDB upgraders and investors seeking a centrally located development. Despite an increasing pipeline of residential supply within the precinct, the combination of strong locational attributes, robust buyer demand and consistently successful nearby launches is expected to sustain healthy developer interest.

Click

here

for the full report:

Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: mohan@sri.com.sg

Property Insight
15 Jun 2026
RCR Demand Drives 43.3% Growth in New Home Sales in May 2026

Singapore's new home market moderated in May 2026, with developers selling 447 new private homes excluding Executive Condominiums (ECs), down from the 1,548 units transacted in April. 

Despite the monthly moderation, market performance remained encouraging on a year on year basis. New home sales increased by 43.3% from the 312 units sold in May 2025 to 447 units in May 2026. The improvement was primarily driven by stronger activity in the Rest of Central Region (RCR), where sales rose from 191 units to 334 units over the same period. The strong showing highlights continued demand for city fringe developments that offer a balance between accessibility, lifestyle amenities and relative affordability. The year on year growth also suggests that buyer confidence remains intact, with purchasers continuing to participate actively in the market despite a more measured operating environment.

Hudson Place Residences emerged as the standout performer of the month. As the only major launch in May, the project accounted for nearly half of all new private home sales, moving 209 units at a median price of $2,465 psf. The strong response demonstrates that buyers remain receptive to projects that are well located, well connected and competitively positioned within their respective market segments.

Looking ahead, new home sales are expected to remain relatively subdued in June due to the seasonal impact of the mid year school holidays and the limited number of major launches scheduled during the month. However, this is likely to be temporary. Market activity is expected to regain momentum in the second half of 2026 as a fresh pipeline of launches enters the market. Upcoming projects such as Lentor Gardens Residences and Dunearn House are expected to attract healthy interest, while buyers who have remained on the sidelines may return as more options become available. Barring any significant external shocks, the primary residential market is expected to remain on stable footing, supported by resilient underlying demand and a steady pipeline of new launches.

Click

here

for the full report:

Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: mohan@sri.com.sg

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