Singapore non-landed residential sales top 24,000 units in 2025

Singaporean buyers accounted for over 20,000 unit sales.

Singapore’s non-landed residential market saw robust growth in 2025, with total sales reaching 24,065 units across all residency groups, according to Savills. Singaporean buyers led the surge, with transactions rising 23.0% year-on-year to 20,154 units — the first time since 2021 that citizen purchases surpassed the 20,000-unit mark. This uplift was largely driven by easing interest rates and rising HDB resale prices, which encouraged households to upgrade into the private market.

Non-landed purchases by permanent residents (PRs) and foreign buyers also increased, rising 12.6% and 10.0% year-on-year to 3,614 and 297 units respectively. While foreign demand remains subdued due to elevated Additional Buyer’s Stamp Duty (ABSD) rates, Savills noted that the 2025 increase is a positive signal for the market.

Quarterly trends in Q4/2025 showed a slowdown in momentum, with citizen purchases falling 15.5% quarter-on-quarter to 4,900 units, foreign sales down 14.0% to 80 units, and PR purchases easing 1.5% to 929 units. The relatively smaller decline in PR purchases increased their share of non-landed sales to 15.7%, while the Singaporean share dipped to 82.9% and foreign buyers remained at 1.4%. On an annual basis, Singaporeans accounted for 83.7% of non-landed transactions in 2025, up 1.3 percentage points from 2024, while PRs and foreigners held 15.0% and 1.2% respectively.

Savills highlighted that despite the Q4 easing, the strong annual growth underscores sustained local demand and a resilient non-landed residential market in Singapore.