Singapore Property Market Trends – 21 July 2025 Snapshot

As of 21 July 2025, both the private and public housing segments in Singapore are on a path of gradual cooling—yet remain stable. According to flash estimates from URA and HDB:

• Private residential prices rose by 0.5% in Q2 2025, slower than the 0.8% increase in Q1, signaling moderation across landed and non-landed categories.Newsflash Asia+9CBRE+9Singapore Real Estate Exchange (SRX)+9
• The HDB resale price index climbed by 0.9%, down from 1.6% in Q1, marking the slowest quarter-on-quarter growth since 2020.The Business Times+3CNA+3The Straits Times+3

Private Housing: Steady but Cautious

Private market performance diverged across regions: the Core Central Region (CCR) saw moderate growth (up to 2.3% Q‑on‑Q), while the Rest of Central Region (RCR) experienced a slight dip (-1.1%) due to cautious pricing for developments like One Marina Gardens and Bloomsbury Residences.CBRE

Despite fewer new launches (especially in OCR), demand held firm in the CCR, supported by niche luxury sales such as Skywaters Residences and 21 Anderson, where units averaged S$4,800+ psf.Reddit+15CBRE+15Wikipedia+15

Public Housing: HDB Resale Supply & Pricing Dynamics

HDB resale transactions totaled 6,981 units in Q2—a modest 5% drop year-on-year.The Origins+7CNA+7The Straits Times+7 Resale prices eased due to softer demand and increased options from BTO/SBF launches.The Straits Times+6Newsflash Asia+6The Straits Times+6

Despite moderation, executive flats surged in price (+3.8%), and over 6% of resale units sold for S$1 million+, underscoring enduring premium demand.Singapore Real Estate Exchange (SRX)+3Newsflash Asia+3The Straits Times+3

Supply Pipeline Indicates More Choices Ahead

Singapore’s GLS private housing supply is expanding: the 1H2025 confirmed list offers ~5,030 private homes (including 980 ECs), with an additional ~3,475 units on the reserve list.Wikipedia+6Ministry of National Development+6Insights by PropertyLimBrothers+6

As of 2H2025, total expected private housing supply for the year reaches ~9,800 units. Combined with existing inventory, the pipeline climbs toward 56,700 units.Ministry of National Development

New flats introduced via BTO, SBF and GLS programs will offer buyers increased options and help stabilize upward price pressure.

Buyer Implications & Market Outlook

Analysts forecast modest overall growth of 3–6% for HDB resale prices in 2025, and 3–4% for private homes, supported by stable fundamentals and decreasing interest rates.