Luxury home sales in CCR jump over 20% in Q3

The total value of deals reached $1.725b, a 25.7% increase from $1.372b in Q2.

Sales of luxury homes in Singapore’s Core Central Region (CCR) surged in the third quarter of 2025, with 171 transactions of $5m and above, marking a more than 20% QoQ increase, according to OrangeTee.

The figure surpasses both Q1 (143 units) and Q2 (141 units), setting a new quarterly high for the year.

New sale volumes rose to 31 units, up from 18 in the previous quarter, buoyed by fresh launches such as UpperHouse @ Orchard Boulevard (13 units), The Robertson Opus (9), 21 Anderson (6), and Watten House (1).

Resale activity also picked up, with 138 units sold, up from 121 in Q2.

Local demand remained dominant. Singaporean buyers accounted for 76% of all luxury transactions (130 out of 171), up from 70.2% in Q2 and 72.5% a year earlier. Permanent Residents (PRs) made up 15.2%, whilst foreign buyers accounted for 7%, slightly higher than the 5% recorded in the previous quarter.

Transaction value and prices also climbed. The total value of deals reached $1.725b, a 25.7% increase from $1.372b in Q2. The average unit price rose to $10.09m, up from $9.73m.

High-psf transactions gained momentum. The number of CCR condo sales priced at $3,000 psf or more and valued above $5m increased to 50 deals, up from 34 in Q2. These included 29 new sales, 20 resales, and 1 subsale.

One standout transaction was a record-type sale at The Marq on Paterson Hill, where a unit fetched $6,274 psf (~$19.18m for 284 sqm).

This marks the third-highest psf ever recorded in Singapore, trailing only The Marq’s $6,650 psf (Nov 2011) and Park Nova’s $6,593 psf (Jan 2025).

Sales in the ultra-luxury segment ($10m and above) also edged up to 15 units, compared to 14 in Q2. Six of these were at 21 Anderson, each exceeding $20m, including two units that sold for $52.25m each, the highest recorded for the quarter. PRs bought eight of these 15 units, followed by Singaporeans (5) and foreigners (2).

In the Good Class Bungalow (GCB) segment, activity remained stable but softened slightly with 7 transactions, down from 9 in Q2 and 12 in the same period last year.

However, average caveated land rates rebounded to $2,215 psf, up from $1,907 psf in Q2. Notable deals included $55m at Chee Hoon Avenue and $30.3m at Cornwall Gardens.

Looking ahead, OrangeTee expects Q4 demand to be supported by new project launches, with momentum potentially carrying into 2026, driven by a pipeline of upcoming luxury developments and continued transformation in the CBD.

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