Buckle up for some exciting news from Singapore’s property scene, as private home sales have absolutely skyrocketed in the first half of 2025! According to data from the Urban Redevelopment Authority, developers sold a staggering 4,634 new private homes in this period, a whopping 145% jump compared to just 1,889 units in the first half of 2024.
Get ready for thrilling news from Singapore’s property market! Private home sales soared by 145% in H1 2025, hitting an incredible 4,634 units!
To put this in perspective, it’s also 37% higher than the 3,383 units sold in the same period of 2023, and even 10% more than the 4,222 units moved in 2022. What’s remarkable, though, is that this surge happened despite a quieter May and June, when school holidays and fewer project launches slowed things down a bit. Notably, the strong performance of LyndenWoods condominium, with over 94% take-up at S$2,450 psf, has further boosted market confidence (strong performance).
Now, let’s explore what fueled this boom. Strong buyer demand, especially leading up to mid-2025, played a huge role, with developers rolling out exciting new projects that caught everyone’s eye. Additionally, the increased supply from the Government Land Sales program, with 5,030 units planned for release in H1 2025, has contributed to sustaining this momentum (increased supply). Curiously, a big chunk of these sales—58.2% in the first quarter of 2025—came from the more affordable suburban areas, or the Outside Central Region, up from 47.3% in late 2024.
Meanwhile, the city fringe and central areas saw their share dip, with buyers clearly hunting for value amid higher borrowing costs. It’s no surprise, then, that suburban launches drove much of this volume growth, offering homes that fit tighter budgets. Market analysts predict this trend may continue through 2026 as the Residential Property Price Index is expected to reach around 241.00 points by year-end.
On the price front, things are a bit more mellow. Growth slowed to a modest 0.6–0.8% in the first quarter of 2025, down from over 2% in late 2024, though prices still rose 3.33% year-on-year. Non-landed homes edged up by 0.95%, while landed properties crept up by 0.4%, bouncing back from a dip.
This moderation in price hikes, paired with stable jobs and population growth, seems to have given buyers the confidence to engage. Plus, with 4,154 new units slated for launch in the third quarter, the market looks set to keep buzzing.
