The landed property market in Singapore remained resilient in the first half of 2025, underpinned by stable prices, consistent transaction activity, and healthy demand from high-net-worth individuals and private property upgraders. According to data from URA Realis, landed property prices rose by 1.1% in 1H2025, with a 0.7% gain in Q2 following a 0.4% increase in Q1. 

Transaction volume climbed modestly to 964 deals in 1H2025, up 6.6% year-on-year from 904 in the same period last year. Although volumes have not yet returned to the peaks of 1H2022, this upward movement reflects renewed confidence in the segment. The uptick was driven by increased demand for semi-detached and terrace houses, with sales rising 21.0% and 2.4% respectively. This highlights a sustained appetite for more spacious and private living environments, especially among multi-generational families and private upgraders.

The revision of the Seller’s Stamp Duty (SSD) is not expected to significantly affect the landed segment, as most owners are long-term holders focused on legacy planning or capital preservation. The high entry price, limited liquidity, and absence of strata titles further deter speculative activity.

Looking ahead, the landed market is poised to remain firm in 2H2025, supported by constrained supply and continued demand for large-format homes. In an uncertain economic landscape, Singapore’s landed properties remain a cornerstone of stability and long-term value.

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Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: research@sri.com.sg