5 Min Singapore Property Market Update: Latest 2-Week Analysis (August 2025)

Reading Time: 5 minutes

The Singapore property market in August 2025 reflects both resilience and adjustment. Based on URA’s latest statistics and new launch data, three key themes stand out:

• Private residential prices rose 1.0% in Q2 2025, led by landed (+2.2%) and Core Central Region (CCR) condos (+3.0%).
• HDB resale demand remains red-hot, with a record 415 million-dollar flats sold in Q2, even as overall resale price growth slowed to 0.9%.
• New launch momentum has softened, with sales volumes down 40% compared to the previous quarter, though premium projects like River Green and Promenade Peak continue to attract interest.
• Government land supply (GLS) remains strong, with 9,800 private units slated for 2025, ensuring pipeline balance for future demand.

These signals matter to both buyers and investors — the market is still climbing, but at a measured pace, with pockets of opportunity in CCR condos, family-sized units, and well-located HDB flats.

New Launch Condo Market Analysis

Developer Sales and Launches

The past fortnight saw two major new projects enter the market:

• River Green (Wing Tai) – Previewed in July, officially launched on 2 August.
  • 524 units (1–4 bedrooms), 99-year leasehold.
  • Completion in 2030.
  • Strong pitch: riverside greenery with MRT connectivity.
• Promenade Peak – Official launch on 2 August.
  • 596 units, prime central location.
  • Positioned as a lifestyle residence near Great World MRT.

Both projects are competing in the Rest of Central Region (RCR), but early feedback shows buyers still prefer larger, livable layouts given the slowdown in investor-driven shoebox unit demand.

Pricing Trends

• Developers are cautious with pricing. Median launch prices in Q2 hovered around $2,700–$2,900 psf, in line with Holland and Queenstown comparables.
• Despite higher land and construction costs, many developers are holding back aggressive hikes to ensure healthy take-up rates.
• URA data: Only 1,520 units launched in Q2, versus 3,139 in Q1.

Key takeaway: New launches are fewer and far between, but well-located projects continue to command strong interest, especially from families and long-term investors.

Resale Market Dynamics

HDB Resale Market

The resale HDB sector continues to be a cornerstone of demand:

• 415 million-dollar flats sold in Q2 2025, a 75.8% increase YoY (fastest pace ever).
• However, overall price growth slowed to 0.9%, the smallest quarterly gain since 2020.
• OrangeTee forecasts full-year HDB price growth of 4–5.5%.

Drivers of demand:

• Prime flats in Bishan, Toa Payoh, and Queenstown.
• Families upgrading from smaller units to larger 4-room and 5-room flats.
• Proximity to MRT stations and top schools.

Private Resale Market

Private resale is picking up relative to new launches:

• 3,647 resale transactions in Q2, forming 71.1% of all sales.
• CCR resale condos saw the strongest demand, aided by foreign buyers and local investors.
• OCR condos (suburban) remain attractive for families priced out of new launches.

Regional Trends:

• CCR (Orchard, River Valley, Holland) – Price growth +3.0%, rentals up +1.8%, showing renewed investor appetite.
• RCR (Queenstown, Novena) – Prices dipped –1.1%, signalling buyer resistance to higher psf levels.
• OCR (Punggol, Tampines) – Modest growth +1.1%, supported by HDB upgraders.

Government Policy Impact

Recent GLS Announcements

• The government is ensuring a healthy pipeline of new supply.
• 2H2025 GLS Confirmed List adds 4,725 private units (990 EC units), bringing total 2025 supply to ~9,800 units.
• Key plots: Upper Thomson, Telok Blangah, Dorset Road.
• GLS pipeline (completed + unsold) now totals 56,700 units, keeping the market stable.

Policy Landscape

• No new cooling measures announced in the past fortnight.
• MAS continues to monitor financial stability amid rising global interest rates.
• Analysts expect no major curbs this year, as slower sales and moderating price growth already indicate a cooling trend.

Impact by buyer segment:

• First-time buyers – Benefit from stable BTO pipeline and moderated resale gains.
• Upgraders – Still face high entry costs but more choices in resale condos.
• Foreign investors – Interest shifting back to CCR, especially after other global cities impose higher property taxes.

Market Outlook & Investment Insights

Expert Predictions for Q3–Q4 2025

• Private home prices likely to grow 1–2% in Q3, slower than Q2 but still positive.
• HDB resale market will remain active, though million-dollar flat growth may stabilise.
• Rental demand to stay robust, led by expatriates in CCR.

Investment Hotspots

• Core Central Region (CCR) – Orchard, River Valley, Holland. Strong for capital preservation and rental yields.
• RCR family-sized units – Queenstown, Novena, Buona Vista. Good long-term demand, especially near MRT lines.
• Mature HDB estates – Bishan, Toa Payoh, Queenstown. Consistent resale momentum.

Risks to Watch

• Global economy – Slowing China growth, higher-for-longer US interest rates.
• Local affordability – Wage growth not keeping pace with property inflation.
• Over-supply risk – With GLS pipeline at 56,700 units, absorption must keep pace.

Quick Data Reference Table (Q2 2025)

Frequently Asked Questions

Are Singapore property prices still rising in 2025?

Yes, but at a slower pace. Private residential prices rose 1.0% in Q2 2025, while HDB resale prices gained only 0.9%.

Is now a good time to buy a new launch condo?

Selective buying is key. CCR projects and family-sized RCR units are attractive, but buyers should be cautious of smaller units with weaker rental demand.

Why are so many HDB flats crossing the $1 million mark?

Scarcity of large flats in mature estates, proximity to MRT and schools, and strong upgrader demand are pushing prices up.

Will government introduce new cooling measures in 2025?

Unlikely in the near term. With volumes slowing and prices moderating, existing measures are seen as sufficient.

Which districts are best for investment now?

• CCR (Orchard, Holland, River Valley) for high-end rental demand.
• Mature RCR estates (Queenstown, Novena) for family buyers.
• Popular HDB towns (Bishan, Toa Payoh) for long-term capital appreciation.

The Singapore property market in August 2025 reflects measured growth, resilient demand, and stabilising trends. While new launch sales have slowed, the resale sector (both HDB and private) remains dominant, and million-dollar flats underline buyer confidence.

For investors, CCR condos and landed homes are standout picks, while HDB flats in mature towns remain evergreen. For families, well-priced new launches near MRTs and schools offer long-term stability.

Bottom line: Singapore’s property market continues to favour quality, location, and liveability over speculative plays. With a healthy GLS pipeline and government monitoring, the outlook remains stable, making 2025 a good year for careful, strategic purchases.

✅ Thinking about entering the market? Whether you’re eyeing a new launch condo or an HDB upgrade, contact us today for tailored insights and the latest unit availability in Singapore’s prime districts.

Compare our previous property market update here: August 2025 Property Market Update (August 1 to 11)

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.