Singapore’s private residential property market has delivered exceptional results in the first six months of 2025, with developers selling approximately 4,634 private homes representing a remarkable 145% increase compared to the 1,889 units sold during the same period in 2024.
Business Times said the impressive first-half performance also outpaced recent years, with sales 37% higher than the 3,383 units recorded in the first half of 2023, and nearly 10% above the 4,222 units sold in the corresponding period of 2022.
According to Urban Redevelopment Authority (URA) data released on Tuesday, July 15, the strong overall performance came despite some monthly volatility.
June saw a 12.8% month-on-month decline in unit sales, attributed to the typical school holiday lull that affects the Singapore market.
May also recorded subdued activity with just 312 new private homes sold, as developers held back on new project launches during the second quarter of 2025.
However, market analysts are optimistic about the immediate outlook.
ERA chief executive officer Marcus Chu noted that the third quarter alone is expected to see approximately 4,154 new units launched for sale across Singapore, suggesting momentum will build as more inventory becomes available.
The surge in Singapore’s private residential sales reflects broader regional property market dynamics that Australian real estate agents may find relevant when advising clients on international investment opportunities or understanding comparative market performance across the Asia-Pacific region.
