02 January 2026, Singapore - Flash estimates showed that private residential property prices in Singapore continued to edge up in Q4 2025, helped by healthy home sales and the landed homes segment. Meanwhile, HDB resale flat prices - which have seen slower growth through much of 2025 - were flat in Q4 2025 amid softer resale volumes. It is the first time that HDB resale prices were unchanged in nearly six years, since Q1 2020. The final real estate statistics for Q4 2025 will be released on 23 January 2026.

Q4 2025 URA Private Residential Property Index (Flash)

Prices of private homes inched up by 0.7% QOQ in Q4 2025, following the 0.9% QOQ increase in the previous quarter(see Table 1), based on the flash estimates. The price growth in Q4 2025 was mainly driven by the landed housing segment. This is the fifth consecutive quarter of price increase and private home prices have posted a cumulative growth of 3.4% in 2025 - a shade lower than the 3.9% increase in 2024.

Table 1: URA Private Property Price Index (PPI)

In Q4 2025, the landed homes segment led price increase, with a 3.5% QOQ price growth - its strongest quarterly growth in two years. This is despite fewer transactions done in the quarter at 491 deals compared with the 559 landed homes sold in Q3 2025, according to caveats lodged. Landed home prices found renewed strength since Q2 2025, and have risen by 7.7% cumulatively in 2025 which is significantly higher than the 0.9% increase in 2024 - as lower interest rates likely boosted sentiment.

Over in the non-landed private homes segment, prices dipped by 0.1% QOQ in Q4 2025, reversing the 0.8% QOQ increase in the previous quarter. This is the first decline in non-landed private home prices since Q2 2023. Within the non-landed homes market, the Outside Central Region (OCR) saw the largest price increase in Q4 2025 at 1.0% QOQ, taking the cumulative price growth in 2025 to 3.2% in the sub-market - slowing from the 3.7% growth in 2024. There was just one mass-market new launch during the quarter, namely Faber Residence which has sold around 91% of its 399 units (at an average price of $2,155 psf) since the project was launched in October, according to URA Realis caveat data.

This is followed by the Rest of Central Region (RCR) where non-landed home prices notched a 0.7% QOQ increase in Q4 2025, leading to a cumulative price gain of 1.6% in 2025 - substantially lower than the 5.8% growth in 2024. The price growth in Q4 came on the back of healthy take-up of units at new launches, such as Penrith and Zyon Grand. As at 21 December 2025, Penrith sold 448 of its 462 units at an average price of $2,804 psf, while caveat data showed that Zyon Grand shifted 608 of its 706 units at an average price of $3,053 psf in Q4 2025 (see Table 2). The Sen sold 22% of its units at an average price of $2,357 psf.

Meanwhile, prices in the Core Central Region (CCR) snapped a 4-quarter growth streak, falling by 3.2% QOQ in Q4 2025, overturning the 1.7% QOQ growth in the previous quarter. The decline in Q4 may be partly due to a larger number of new units being sold at higher average prices in Q3 2025. Cumulatively, non-landed home prices in the CCR have risen by 2.2% in 2025, easing from the 4.5% increase in 2024. The CCR new launch in Q4 was Skye at Holland which has transacted 99% of its 666 units at an average price of $2,954 psf since its launch in October, based on caveats lodged (till 21 December).

Table 2: New launches in Q4 2025

Project	Region	Units sold*	Total units	Take-up %	Average unit price ($PSF)*
SKYE AT HOLLAND	CCR	662	666	99.4%	$2,954
PENRITH	RCR	448	462	97.0%	$2,804
FABER RESIDENCE	OCR	361	399	90.5%	Oh no! Enjoy our Content? If it is of any consolation, know that you are not alone in this real estate journey. Let us show you the way to make this journey an interesting and enjoyable one! Do check and try again! Are you ready for more? {{ error ? 'Submit Email' : 'Count me in!'}} Suggested Reads Propnex's Singapore Budget 2026 Wish List: Targeted Policy Recalibration To Further Promote Market Stability, Improve Affordability, And to Encourage Urban Renewal Developers' Sales Plunged By 87% MOM In November Amid Limited New Launches; City Fringe Projects Dominate Sales Upcoming Events View more PWS Masterclass 2026 July 25, 2026 Wait, Buy, or Miss It? How to Spot the V-Shaped Window in Today’s Market February 26, 2026 You may like January's New Private Home Sales Signal Steady Start to 2026; Demand for New Executive Condominiums Holds Up February 16, 2026 Growth In Private Home And HDB Resale Flat Prices Touched Multi-Year Low In 2025, While Housing Demand Stayed Resilient, Settling Into A Goldilocks Market January 23, 2026 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 January 15, 2026 Propnex's Singapore Budget 2026 Wish List: Targeted Policy Recalibration To Further Promote Market Stability, Improve Affordability, And to Encourage Urban Renewal January 06, 2026 Brisk Home Sales Helped To Support Private Home Prices In Q4 2025, While HDB Resale Prices Were Flat On Weaker Resale Volume January 02, 2026 Developers' Sales Plunged By 87% MOM In November Amid Limited New Launches; City Fringe Projects Dominate Sales December 15, 2025 Oh no! Enjoy our Content? If it is of any consolation, know that you are not alone in this real estate journey. Let us show you the way to make this journey an interesting and enjoyable one! Do check and try again! Are you ready for more? {{ error ? 'Submit Email' : 'Count me in!'}} You are Set! Stay tuned to our brain-teasing content slated to roll out via email soon. Email Submitted! You subscribed earlier! No biggie, remember to check your junk mail if you have yet to hear from us! Follow us on WeChat