Prestige landed home sales rise 34% in H1

67 homes priced above $10m (excluding Good Class Bungalows) changed hands between January and mid-June 2025.

Singapore’s prestige landed home market saw a strong rebound in the first half of 2025, with transactions surpassing the previous six months.

According to PropNex Realty, 67 homes priced above $10m (excluding Good Class Bungalows) changed hands between January and mid-June 2025, generating approximately $911m in total sales value. This marks a 34% increase from the $682m across 51 deals in 2H 2024.

The bulk of transactions, or nearly 78%, were for homes priced between $10m and $15m, continuing a trend of activity concentrated in the lower end of the high-value segment. Notably, there were no caveated transactions above $30 million in the first half of the year.

Whilst the uptick reflects renewed buyer interest, PropNex analysts caution that sales momentum could ease in the months ahead due to broader economic uncertainty and delayed interest rate cuts by the US Federal Reserve. Muted global growth prospects and tighter liquidity conditions may also contribute to more measured activity.

Despite potential headwinds, demand fundamentals remain underpinned by Singapore’s status as a haven. High-net-worth individuals and family offices continue to show interest in prestige landed assets, particularly those located near top schools or central districts.

The report also noted a cautious shift in buyer behaviour, with prospective purchasers staying within the $10m–$15m band and showing increased sensitivity to pricing.