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The Singapore property market remains highly active, shaped by record new launch volumes, stable yet rising resale prices, and strategic policy shifts. Key districts have seen buyer demand rebalance as developers release more projects in high-demand growth corridors, while public transport access and future urban plans continue to drive both investment and homeownership preferences.
Table of Contents
New Launch Condo Market Analysis
Data Highlights
- As of mid-September, sales volume for new launch condos is expected to reach 8,000–9,000 units for 2025, up 24–39% year-on-year.
- Developers are launching major projects such as Skye At Holland, Zyon Grand, Penrith, and six other key developments in the OCR and RCR.
- Benchmark pricing for new launches in the OCR climbed to S$1,580–S$1,670 psf, with premium CCR projects like Fourth Avenue Residences transacting at up to S$2,796 psf.
Analysis & Trends
- Demand is strongest among families seeking smart layouts and proximity to schools and public transport. Two-bedders and compact layouts are favoured for value and flexibility.
- Developers report sustained interest in community-centric projects with access to green spaces and MRT lines, mirroring the government’s push for sustainable, connected living.
- Foreign buyer activity remains subdued due to Additional Buyer’s Stamp Duty (ABSD) hikes; local and PR demand is filling the gap, especially for trophy properties and freehold assets.
- Suburban growth hotspots include Jurong Lake District (poised to be the next Bishan), Dover, Newton, and Defu, as tagged by the URA Master Plan.
Upcoming Launches Comparison Table
| Project Name | Location | Type | Expected Launch Price (psf) | Transport Connectivity |
|---|---|---|---|---|
| Skye At Holland | Holland | Freehold | 1,850–2,000 | Holland MRT, Buona Vista MRT |
| Zyon Grand | Potong Pasir | 99-year | 1,600–1,700 | Potong Pasir MRT |
| Penrith | RCR | Freehold | 1,700–1,880 | East-West Line/MRT proximity |
Resale Singapore Property Market Dynamics
HDB Resale Market
- HDB Resale Price Index rose to 202.9 in Q2 2025, up 0.9% quarter-on-quarter—the slowest growth in 5 years, yet marking the 24th straight quarter of gains.
- Million-dollar HDB flats hit 408 units sold in July 2025—a new record. 73% of flats remain under S$750,000, sustaining affordability for average buyers.
- Resale transaction volume: 7,102 units in Q2 2025, up 7.8% from Q1, but down 3.4% year-on-year.
Private Condo Resale
- Condo resale volumes dipped slightly, down by 0.2% in June 2025 from May, to 955 units; median capital gains are strong at S$379,000.
- Price increases by region, July–Sept 2025:
- High-end resale units transact at competitive prices (e.g., Reflections at Keppel Bay CCR: S$1,500 psf).
- Key districts with record transactions: D15 (Amber, East Coast, Katong, Meyer), D21 (Clementi, Bukit Timah), D22 (Jurong).
Regional Price Table (Q3 2025)
| Region | Avg Price Change % (Q2-Q3) | Median Capital Gain (SGD) |
|---|---|---|
| Outside Central | +0.1 | 379,000 |
| Rest Central | +2.1 | 370,500 |
| Core Central | -2.1 | 390,000 |
Government Policy Impact
- URA Master Plan 2025 released: 80,000 new homes, major transport and green corridor upgrades, decentralised urban hubs (Jurong, Dover, Defu, Newton).
- HDB launched BTO and SBF sales: 10,000 units in July with new categories—Standard, Plus, Prime—each with unique pricing, subsidy and resale rules.
- Policy tightening: Seller Stamp Duty (SSD) reduced by 4% each tier; TDSR flexibility retained.
- MAS supports property sector with S$5 billion capital injection, boosting developer and REIT activity.
- Regulatory changes continue to moderate speculative activity, direct cooling measures have stabilised price growth in CCR and kept OCR affordable for upgraders.
Singapore Property Market Outlook & Investment Insights
- PropNex and ERA forecast private home prices to grow 3–4% in 2025, led by well-located new launches.
- HDB resale volume to reach up to 26,000–27,000 units in 2025, with 3–6% annual price growth; premium flats will remain a strong aspiration but mass market is largely resilient.
- Key investment hotspots: Jurong Lake District (suburban transformation), Greater Southern Waterfront, East Coast/Katong region. Freehold landed properties in D15 and D21 show highest q-o-q transaction growth.
- Risk factors: macroeconomic headwinds, possible further interest rate cuts, unsold inventory in selected launches, and evolving cooling measures.
Investment Takeaways Box
- Look for projects near new business hubs and transport upgrades ().
- Two-bedders are trending for affordability—ideal for new families ().
- Price gaps between OCR, RCR, and CCR narrowed; boutique CCR units offer value ().
- Monitor new policy implementations post-BTO/SBF launches ().
Frequently Asked Questions
Q1: Will Singapore condo prices continue to rise in 2025?
- Yes, projected growth is 3–4% for private homes, mainly driven by new launches and developer caution due to land/construction costs.
Q2: Are million-dollar HDB flats common now?
- Yes, 408 sold in July 2025 alone—a record—especially in mature estates. Most flats remain below S$750,000.
Q3: Where are the best new condos launching soon?
- Skye At Holland, Zyon Grand, and Penrith, with top connectivity and premium amenities in growth districts.
Q4: How do government policy changes affect home buying?
- SSD rates are down, TDSR remains flexible, new rules moderate speculation, with major supply pipeline announced in URA Master Plan 2025.
Q5: Which districts show the most promising price growth?
- D15 (East Coast, Katong, Meyer), D21 (Bukit Timah, Clementi), Jurong Lake District, Greater Southern Waterfront.
Glossary of Technical Terms
- ABSD: Additional Buyer’s Stamp Duty, a tax levied on certain buyers to moderate foreign/investment activity.
- SSD: Seller Stamp Duty, a tax for short-term property sales.
- TDSR: Total Debt Servicing Ratio, a cap on borrower monthly repayments as a proportion of income.
- BTO/SBF: Build-To-Order/Sale of Balance Flats—HDB mechanisms for new flat allocation.
- CCR/RCR/OCR: Core Central Region, Rest of Central Region, Outside Central Region—Singapore property market segments.
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Check the previous market update: Singapore Property Market Update
Disclaimer: This information is for general reference only and does not constitute investment or legal advice. Property details including pricing, availability, and regulations are subject to change without notice, and prospective buyers should conduct independent due diligence and consult with CEA-licensed property agents, solicitors, and other qualified professionals before making any property decisions. The principle of caveat emptor (buyer beware) applies to all Singapore property transactions.
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