有见地的房地产市场报告

Developers’ sales fell to the lowest in nearly two years in December 2025 as a lack of major launches and the seasonal lull curtailed market activity.

新盘数量有限使开发商 11 月份销量环比暴跌 87%；市区边缘项目销量最高

新楼盘强劲需求带动 10 月份新私宅销售额飙升至过去 11 个月以来新高；核心中央区月销量创下 18 年来的最高纪录。

Industrial property prices and rentals grew at a relatively steady pace in Q4 2025, underpinned by a strong economy and expanding manufacturing output. Sales activity was robust in the quarter, culminating to an 8-year high in quarterly transaction value.

The office property market remained lacklustre in Q4 2025 with the office price index falling for the fifth straight quarter, while sales transactions slowed to among the lowest in 11 quarters, based on data from the Urban Redevelopment Authority (URA). It is possible that some investors may be seeking clarity on pricing of office assets amid signs of recovery in office rentals.

🏬 Shophouse Market Update | Q4 2025 Snapshot The shophouse market eased in the final quarter of 2025, reflecting a more cautious business environment and seasonal slowdown. 📉 Key Highlights from Q4 2025: • 22 shophouse transactions, down 21.4% QoQ • $158.3M in total deal value, a 27.6% QoQ decline • Leasing activity cooled as retail and F&B closures rose • Median rents dipped to $6.50 psf, from $6.59 psf in Q3 • Softer rental reversions observed, particularly in suburban areas 🔎 What this means: While activity has moderated, the shophouse segment remains a niche asset class. The current cooling may present opportunities for well-capitalised buyers who take a longer-term view — especially as market conditions stabilise. Stay tuned as we continue to track movements across Singapore’s commercial property landscape.