<ADV> Jul Developer Sales
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Three major private non-landed projects – LyndenWoods, The Robertson Opus and UPPERHOUSE at Orchard Boulevard were launched for sale in Jul 2025.
Together they contributed to the 1,675 units launched for sale in Jul 2025. This number of units launched was 16.3 times more than Jun 2025 and 171.9% higher year-on-year.
Buyers were unfazed by the 4 Jul 2025 cooling measures where the holding period and magnitude of SSD were raised. This showed that most buyers viewed properties as a mid to long term investment.
The strong sales momentum particularly in the CCR segment and the revised 2025 GDP forecasts by MTI will boost the confidence of buyers. Based on the overwhelming response, Springleaf Residence should sell very well on launch weekend. From Sep to Nov 2025, Faber Residence, Penrith, Skye at Holland, The Sen and Zyon Grand will be launched for sale.
Are you looking for your new dream home or investment property this year? Speak to our Huttons Associate and understand your opportunities today!
Read our latest report on the HDB market!
More buyers returned to the HDB resale market in 2Q 2025 as there was no BTO and SBF exercise.
However, the tight supply in the HDB resale market limited options and capped transaction volume to 7,102 in 2Q 2025, 7.8% higher quarter-on-quarter but 3.4% lower year-on-year. For 1H 2025, HDB resale prices rose by 2.5%, a smaller magnitude compared to the 4.2% price gains in 1H 2024.
In 2Q 2025, the number of executive/multi-gen flats sold for a million dollars and more broke through the 100-transaction level for the first time. Buyers of these larger flats were mainly HDB upgraders and some ex-PPO.
Resale flat prices are likely to grow at a slower pace of 4% to 6% this year. Huttons Data Analytics also estimate a resale volume of 26,000 to 28,000 flats. 1,500 flats may be sold for a million dollars or more, making up more than 5% of total market transactions.
Read our latest report on the private residential market!
While prices continued its growth path, the pace of increase was moderate at 1.0% in 2Q 2025, similar to the 0.8% growth in the previous quarter. Transaction volume dipped by 29.4% quarter-on-quarter to 5,128 units in 2Q 2025 but up 4.3% year-on-year.
However, there was a big jump in the number of Good Class Bungalow (GCB) transactions. An estimated 11 deals valued at more than $300 million were lodged for GCBs in 2Q 2025, significantly higher than the 2 caveats in 1Q 2025. Landed home prices increased by 2.2% in 2Q 2025, faster than the 0.4% increase in the previous quarter.
The sales volume in 2Q 2025 was higher than the quarterly volume from 4Q 2023 to 3Q 2024, reflecting a robust demand for properties. Buyers viewed investment in properties as a safe option in times of uncertainty. Developers are estimated to sell between 7,500 and 8,500 units this year and prices in the property market are estimated to grow between 4% and 7%.
The luxury non-landed market continued to be abuzz with activities in 2Q 2025, with 59 caveated transactions of luxury non-landed homes. In 1H 2025, an estimated 131 luxury non-landed homes changed hands, 33.7% higher than 2H 2024 and 19.1% higher than a year ago.
The number of Good Class Bungalows (GCBs) deals in 2Q 2025 jumped to 11, a sharp increase from 2 in the previous quarter. Total transacted value of GCBs in 2Q 2025 was $337.6 million, 3.2 times higher than 1Q 2025.
Interest in Singapore’s luxury non-landed homes market remained strong with many ultra-high-net-worth-individuals (UHNWIs) expressing their desire to invest in stable locations. Singapore is likely to experience a net inflow of 1,600 millionaires in 2025. This will give a lift to the luxury non-landed market in the months ahead and will be positive for both sales and rental.
Other News
GuocoLand, Hong Leong sell 870 units or 92% of Springleaf Residence at average S$2,175 psf > Read more
National Day Rally: Northern Singapore to be ‘ulu’ no more, with new developments > Read more
Historic Moulmein Road site draws 13 bidders for master tenancy of cluster, with bids for monthly rent of up to S$388,800 > Read more
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