
What were the most expensive private homes sold in Singapore in April?
They are priced around $21 to $23 million.
Wong Siew Ying, Head of Research & Content, PropNex Realty, said Singapore developers sold 663 new homes (ex. EC) in April, setting up what will likely be an improved second quarter performance in 2025 compared with a year ago. The sales tally in April alone is already some 91% of the 725 units transacted in the entire Q2 2024.
“April’s sales were spearheaded by One Marina Gardens in Marina South which sold 384 units (or 41% of the total units), followed by Bloomsbury Residences where 107 units (30% of total) were transacted,” Wong added.
Here’s more from PropNex:
While the take-up rates for April’s launches paled in comparison with that of some projects which hit the market in Q1 2025, we believe their sales have been commendable, particularly in a month where there was much uncertainty and financial market volatility due to the announcement of the US tariffs.
Of note, One Marina Gardens’ performance has been very positive, given that the project is not near to schools nor HDB estates, which tend to offer a demand catchment for new launches from HDB upgraders.
Overall, the transactions at One Marina Gardens have helped to prop up the median unit price of non-landed new private homes sold in the RCR in April, leading to a wider 29.9% price gap against the median unit price in the OCR - versus the 19.3% corresponding price gap in March. Meanwhile, the price gap between CCR and RCR narrowed to 11.3%, while the CCR pulled away from the OCR with a 44.6% price gap in April. That said, the transaction volume in the CCR was thin.
In April, the priciest new homes sold were all at 21 Anderson in the CCR, based on caveats lodged. The three units transacted are priced at around $21 million to $23 million, making them one of the highest valued new condo deals in 2025 – just after a unit at Park Nova which fetched nearly $38.9 million ($6,593 psf) in January. Of the three units sold at 21 Anderson, two are purchased by Singapore PRs and one unit by a Singaporean buyer.
Overall, foreigners (non-PR) accounted for 2.4% of the non-landed new private home sales (ex. EC) in April 2025, the highest proportion in four months, according to caveat data. In absolute terms, there were 16 deals by foreigners in April, namely 10 transactions at One Marina Gardens, and one unit each at Bloomsbury Residences, Lentor Central Residences, Parktown Residence, and The Myst, as well as two units at Watten House. Meanwhile, Singapore PRs and Singaporeans made up 12.1% and 85.5% of the non-landed new private home sales (ex. EC) in April.
We expect developers’ sales could be relatively subdued in May, as there have been no new projects being launched thus far. In the coming months, new home sales may increasingly be driven by the CCR and RCR, amidst a limited number of OCR launches.
While the US tariffs have introduced uncertainty into the market, the situation is evolving and recent US-China talks have led to a significant dial back of trade tariffs for a 90-day period. The de-escalation in US-China trade tensions will offer some temporary reprieve, although underlying volatility remains.
Meanwhile, we are cautiously optimistic about the private housing market in Singapore, in view of the stable demand for homes, the tight labour market, as well as a relatively manageable level of unsold inventory, which stood at 18,125 units (ex. EC) in Q1 2025. For comparison, the number of unsold uncompleted private homes during uncertain times previously was at 29,149 units in Q1 2020 when the Covid-19 pandemic struck, and at around 43,000 units in 2008 amidst the global financial crisis.
In the first four months of 2025, developers sold 4,038 new private homes (ex. EC) – which is about 62% of the developers’ sales volume (6,469 units) in the whole of 2024. PropNex projects that new home sales could come in at 8,000 to 9,000 units (ex. EC) this year, supported by the ample supply of new launches lined up.