Research Articles

June 2025 saw developer sales coming in at 272 new private homes (excluding ECs), reflecting a consecutive 12.8% month-on-month (m-o-m) decline in transaction volume. The lower number of new home sales was chiefly due to developers holding back on new launches amid the traditional June school holidays. The executive condominium (EC) market likewise saw muted […]

The tender for the Government Land Sale (GLS) site at Chuan Grove closed on 8 July 2025. In total, the site drew interest from seven bidders, with the top bid of $703.6 million (or $1,376 psf ppr) being put in by a consortium comprising Sing Holdings Residential Pte Ltd and Sunway Developments Pte Ltd. Among the seven […]

In 1H 2025, demand for luxury ($5 million and above) and ultra-luxury ($10 million and above) non-landed homes held resilient despite the heightened economic uncertainty. This sustained interest reflects the strong holding power of these individuals, who typically purchase such properties not for speculation (i.e. flipping upon its completion), but for their own stay. They […]

Figures are based off the official flash estimates for URA quarterly statistics, released on 1 July 2025. According to URA’s flash estimates, the All-Residential Property Price Index exhibited a modest increase of 0.5% quarter-on-quarter (q-o-q) in 2Q 2025, while the total transaction volume of private homes dipped 40.2% q-o-q to 4,340 units. Chart 1: All-Residential […]

Figures are based off the official flash estimates for HDB quarterly statistics, released on 1 July 2025. HDB transactions are based on data.gov.sg as of 30 June 2025. Resale Price Index (RPI) Continues to Grow in Moderation According to the Housing and Development Board (HDB)’s flash estimates, the HDB RPI rose to 202.8, a 0.9 % […]

The tender for the Government Land Sale (GLS) parcel at Dunearn Road closed today on 26 June 2025. It drew strong developer interest, with nine bidders participating in a highly competitive round. A consortium formed by CSC Land Group (Singapore) Pte. Ltd., Sekisui House, Ltd. And Frasers Property Phoenix II Pte. Ltd. emerged with the […]

In May 2025, developer sales reached 312 new private homes (excluding ECs), reflecting a 52.9% month-on-month (m-o-m) decline. The lower number of new home sales in the month could be attributed to a lack of new launches. Likewise, the executive condominium (EC) market saw 25 units sold in May amid a quiet month. A total […]

The tender for the Government Land Sale (GLS) parcel at Lakeside Drive closed today on 03 June 2025. It drew strong developer interest, with six bidders participating in a highly competitive round. CDL Polaris Properties Pte. Ltd. and CDL Polaris Commercial Pte. Ltd. emerged with the highest bid of $608 million ($1,132 psf ppr), edging […]

In 1Q 2025, the All-Private Residential property rental index increased slightly to 158.5, marking a 0.4% increase q-o-q and y-o-y. This slight growth follows a period of decline seen previously from 3Q 2023 to 2Q 2024 which saw the rental index drop from 164.5 to 156.6 respectively.   Chart 1: Rental Index of Private Residential […]