25 Jul 2025
New Private Home Sales More Than Double in 1H2025
Property Insight

The private residential market in Singapore demonstrated resilience in 1H2025, despite a moderation in the second quarter. Private resale volumes rose 11.1% year-on-year to 7,212 transactions, up from 6,491 in 1H2024. This growth reflects continued demand for move-in-ready homes, particularly among upgraders. In the resale segment, large-scale developments with full facilities and strong MRT connectivity remained top choices. Treasure at Tampines led with 45 transactions, followed by Parc Esta (33), The Tapestry (31), and Riverfront Residences (30), reaffirming buyer preference for projects with practical layouts and location advantages.

New home sales recorded a remarkable surge in 1H2025, jumping from 1,889 to 4,587 units. This more than twofold increase signals strong buyer confidence and renewed interest in project launches. The Rest of Central Region (RCR) accounted for much of this growth, driven by successful launches such as One Marina Gardens, Bloomsbury Residences, and The Orie. The Outside Central Region (OCR) also saw robust demand, especially for affordably priced projects offering suburban convenience.

Newly launched luxury projects such as Robertson Opus saw strong uptake, with over 41% of units sold—primarily 2- and 3-bedroom units. This reflects continued appetite for well-curated, prime residences that offer exclusivity and long-term value.

Launches such as LyndenWoods, which sold 94% of its units on launch day, along with strong previews at River Green and Promenade Peak, suggest that underlying buyer confidence remains intact. These developments, located in tightly held areas near Great World MRT, offer rare opportunities for buyers seeking new supply in established neighbourhoods.

Despite global uncertainties, Singapore’s private residential market is expected to maintain its overall stability, anchored by sound fundamentals and buyer confidence.

Click here for the full report 

Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: research@sri.com.sg

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27 Oct 2025
Developers Regain Confidence as Private Home Sales Surge in 3Q2025

Singapore’s private residential market recorded a strong rebound in the third quarter of 2025, reflecting renewed confidence and improved buyer sentiment following the Federal Reserve’s rate cut in September. Developers launched a total of 4,746 new private homes, marking the highest quarterly launch volume since 2Q2013. The surge in supply was driven by several major projects across all market segments, including Skye at Holland, Penrith, and Faber Residence, which collectively contributed to the robust sales momentum observed during the quarter.

Sales performance was equally upbeat, with 3,320 units (excluding ECs) transacted — a sharp increase from 1,212 units sold in the previous quarter. The healthy take-up rate demonstrates buyers’ growing readiness to re-enter the market, buoyed by an improved macroeconomic outlook, greater project diversity, and stabilising interest rates. Many of these launches stemmed from Government Land Sales (GLS) sites, underlining the government’s continued effort to ensure a sustainable supply pipeline to meet housing needs.

The primary market’s resilience was complemented by sustained activity in the resale segment, which benefited from a tightening pool of completed units and healthy owner-occupier demand. Despite some buyers adopting a more selective approach, resale prices held firm, underscoring the market’s underlying stability.

As Singapore continues to advance its housing pipeline through GLS and urban renewal initiatives under the upcoming Draft Master Plan 2025, the residential market is well-positioned to maintain stability and gradual growth. Buyer prudence is still encouraged, but confidence is expected to strengthen in the months ahead as both affordability and supply visibility improve.

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here

for the full report 

Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: mohan@sri.com.sg

Property Insight
23 Oct 2025
Wee Hur and GSC Holdings Top Bid $613.9 Million for Upper Thomson Road GLS Site (Parcel A)

The top land bid for the Upper Thomson Road (Parcel A) site was submitted by Wee Hur Property Pte Ltd and GSC Holdings Pte Ltd at $613.9 million ($1,062 psf ppr). Their offer edged out the second-highest bid by a narrow 2.1%, underscoring the consortium’s strong conviction and competitive stance in securing this well-located site along the Thomson corridor. For Wee Hur, this marks a timely move to replenish its residential land bank, following its last notable condominium launch, Bartley Vue, a GLS site awarded in 2020.

The site had previously closed in June 2024 without any bids, likely due to the inclusion of a mandatory serviced apartment component in a location where demand for such units was largely untested. This reflected developers’ cautious stance toward projects in emerging residential areas with unconventional use requirements.

Responding to this, the Urban Redevelopment Authority (URA) introduced refinements in the 1H2025 GLS Programme to make the parcel more appealing. Serviced apartments were no longer a compulsory component, but subject to approval, giving developers more flexibility in conceptualizing their projects. This adjustment demonstrated URA’s responsiveness to market feedback and its commitment to aligning land parcels with prevailing demand dynamics.

These changes yielded positive results. The relaunch attracted five bids, a significant improvement over the earlier tender and even surpassing participation for the neighbouring Parcel B, which received only one bid. The renewed interest was also likely spurred by the successful launch of Springleaf Residence on the adjoining Parcel B site. Developed by GuocoLand and Intrepid Investments, Springleaf Residence achieved an impressive take-up rate exceeding 92% during its launch weekend, reinforcing developer confidence in the area’s growth potential.

The resurgence of interest signals growing recognition of the Springleaf Precinct as an emerging residential enclave with strong connectivity via the Thomson-East Coast Line. Supported by proximity to Springleaf MRT and the corridor’s lush greenery, the area is evolving into a sought-after address for both homeowners and investors.

With more than 95% of units sold, Springleaf Residence is expected to be fully sold before the Parcel A project launches. The limited unsold inventory and positive buyer sentiment will likely support new demand spillover from purchasers who missed earlier opportunities.

Overall, the tender results mark a turning point for Upper Thomson Road, reinforcing confidence in the precinct’s transformation into a vibrant and well-connected residential enclave in the northern region.

Click

here

for the full report 

Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: mohan@sri.com.sg