Singapore’s private residential market rebounded strongly in the first half of 2025, with developers selling an estimated 4,634 new private homes (excluding executive condominiums), more than double the 1,889 units sold in the same period last year. According to data released by the Urban Redevelopment Authority (URA) on July 15, this figure is also 37 per cent higher than H1 2023’s 3,383 units and nearly 10 per cent more than the 4,222 units transacted in H1 2022.

This robust performance came despite a quieter second quarter, where new launches were limited. In May, just 312 units were sold, followed by a further dip in June to 272 units – a 12.8 per cent month-on-month drop – largely attributed to the school holiday lull. Only two new projects were launched in June: the 105-unit freehold Amber House in the Amber Park area, and Arina East Residences, a 107-unit freehold development in Tanjong Rhu.

Analysts, however, remain optimistic. A surge in new project launches is expected to fuel sales momentum in the coming months. About 10 developments comprising nearly 5,000 homes are set to hit the market in July and August, including several high-profile launches in the prime Core Central Region (CCR). These include the 301-unit Upperhouse at Orchard Boulevard and the 348-unit The Robertson Opus, both of which will be launched this weekend.

One of the standout launches over the past weekend was CapitaLand’s LyndenWoods, the first residential development in the Singapore Science Park. It recorded a strong 94 per cent take-up rate for its 343 units at an average price of S$2,450 per square foot (psf), highlighting ongoing demand for well-located projects.

Even recent policy tightening, such as the extension of the seller’s stamp duty (SSD) holding period, has not significantly dampened buyer interest. Industry observers noted that many buyers remain undeterred due to robust household balance sheets and a growing appetite for long-term investment assets.

Singaporean buyers are turning to new launch property for capital appreciation in 4-years time without incurring the seller stamp duty (SSD). 

The luxury segment continued to attract affluent buyers, with the most expensive non-landed private transaction in June being a 5,285 sq ft unit above 50th floor of Skywater Residences, which sold for S$30.87 million (S$5,840 psf) on June.

In a sign of sustained property developer confidence, a 99-year leasehold site at Chuan Grove attracted seven bids, with the top offer of S$703.6 million (or S$1,376 psf per plot ratio) coming from a joint venture between Sing Holdings and Sunway Developments.

With a steady pipeline of upcoming launches and enduring buyer demand, the outlook for Singapore’s private residential market in the second half of 2025 appears resilient and poised for continued growth.