Singapore private home prices rise for fourth straight quarter in Q3

Prices increased by 1.2% during the quarter.

According to PropNex, a flurry of new launches in Q3 2025, including several projects in Singapore has helped to prop up private home prices in the quarter, posting the fourth consecutive quarter of increase.

Meanwhile, HDB resale flat prices rose at a slower pace in Q3 2025, marking the fourth straight quarter of easing price growth, according to flash estimates.

Here’s more from PropNex:

Prices of private residential property edged higher in Q3 2025, rising by 1.2% QOQ amid robust primary market sales. This follows the 1.0% QOQ price growth in Q2 2025, and marks the second consecutive quarter where private home prices grew at a slightly faster pace. Taken together, the URA PPI has increased by a cumulative 3.1% in the first nine months of 2025 (9M 2025), based on the flash estimates. In 9M 2024, the URA PPI rose by 1.6%. The flash estimates cover transactions up till mid-September, and the final PPI data will be released on 24 October.

In Q3 2025, non-landed private homes prices climbed by 1.1% QOQ, accelerating from the 0.7% QOQ increase in the previous quarter. Within this segment, home prices in the Core Central Region (CCR) witnessed the steepest increase in the quarter, rising by 2.4% QOQ - building on the 3.0% QOQ growth in Q2 2025. The uptick in CCR home prices may be attributed to the flurry of new launches in this sub-market in Q3 2025, namely The Robertson Opus, UpperHouse at Orchard Boulevard, and River Green. 

According to caveats lodged, the three projects collectively sold 835 new units in the quarter – helping to push overall CCR new home sales to around 900 units in Q3 2025 (till 21 Sep) which is the highest quarterly CCR sales since Q4 2010.

Over in the Rest of Central Region (RCR), non-landed private home prices rose by 0.4% QOQ in Q3 2025, reversing the 1.1% QOQ decline in the previous quarter. LyndenWoods and Promenade Peak were the two major new launches that had propelled sales and supported prices in the RCR. Based on URA Realis caveat data, LyndenWoods and Promenade Peak have each sold 336 units during the quarter since their respective launch dates.

Non-landed private home prices in the Outside Central Region (OCR) also climbed in Q3 2025, rising by 1.0% QOQ compared with the 1.1% growth in Q2 2025. The healthy demand for mass market homes has contributed to the resilient prices in the OCR. In particular, the 941-unit Springleaf Residence has shifted 883 (94% of total units) as per caveats lodged (till 21 Sep) since the project hit the market in August. Another new launch in the quarter, Canberra Crescent Residences sold 233 out of its 376 units (62%).

Meanwhile in the landed homes segment, prices continued to rise in Q3 2025, climbing by 1.4% QOQ following the 2.2% QOQ increase in the previous quarter. As per caveats lodged (till 23 Sep), the average transacted unit price on land rose in all three landed housing types – detached, semi-detached, and terrace – in Q3 from Q2 2025, with detached homes posting the steepest jump of 9% QOQ amid an uptick in sales volume to 49 transactions in Q3 from 46 in Q2 2025. 

Overall, there were 458 landed home transactions in Q3, down from the 509 deals in the previous quarter. The priciest landed home sold in the quarter was a detached house in the Chee Hoon Avenue good class bungalow area which had fetched $55 million.