Research Articles

The tender for the Executive Condominium (EC) Government Land Sale (GLS) site at Sembawang Road closed on 11 September 2025. In total, the site drew interest from four bidders, with the top bid of $197.8 million (or $692 psf ppr) submitted by Oriental Pacific Development Pte. Ltd.  Table 1: Bidders for Sembawang Road EC GLS site S/N […]

August 2025 saw developer sales coming in at 2,142 new private homes (excluding ECs), reflecting a 127.9% month-on-month (m-o-m) increase in transaction volume. This is the highest number of new homes sold in a month since November 2024 (2,560 units). The higher number of new home sales was largely driven by five new project launches […]

Private residential rentals rose for the second straight quarter in 2Q 2025, underpinned by new home completions that expanded rental supply, particularly in the Core Central Region (CCR). Private residential rents rose, led by growth in the CCR & Landed segments. The Private Residential property rental index increased to 159.8, indicating a slight 0.8% quarter-on-quarter […]

The landed shophouse market further weakened in 1H 2025, with only 34 transactions amounting to $234.7 million. This is a decline from 37 transactions worth $292.6 million in 2H 2024, and it represents the lowest number of transactions in a half-yearly period since 2H 1998, when just 31 units were transacted. Against the peak in […]

Economic Overview Singapore’s economy expanded 4.4% year-on-year (y-o-y) in 2Q 2025 reflecting better-than-expected economic growth in 1H 2025. In line with this, the Ministry of Trade and Industry (MTI) had upgraded Singapore’s GDP growth forecast from “0.0% to 2.0%” to “1.5% to 2.5%” for the whole of 2025. Nonetheless, the persistent global uncertainty is likely […]

July 2025 saw developer sales coming in at 940 new private homes (excluding ECs), reflecting a consecutive 245.6% month-on-month (m-o-m) increase in transaction volume. The higher number of new home sales was largely driven by three new project launches in the month – namely Lyndenwoods, UPPERHOUSE at Orchard Boulevard and The Robertson Opus. Accounting for […]

Landed homes reported a second quarter of price increase as the number of landed homes sold held firm in 2Q 2025. The Landed Property Price Index rose 2.2% quarter-on-quarter (q-o-q) in 2Q 2025, while landed homes transactions fell by a marginal 1.6% in the quarter. The recent run-up in non-landed prices has supported upgrader demand […]

The tender for the Executive Condominium (EC) Government Land Sale (GLS) site at Woodlands Drive 17 closed on 5 August 2025. In total, the site drew interest from five bidders, with the top bid of $360.9 million (or $782 psf ppr) being put in by CDL Divine Pte Ltd. Table 1: Woodlands Drive 17 (EC) […]

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 […]