Prime home sales rebound 25.5 times in Q3
In terms of pricing, luxury prime resale values remained stable.
Sales of prime non-landed homes in Singapore rebounded sharply in the third quarter of 2025, driven by a surge in new launch activity, according to JLL’s latest Singapore Residential report.
Primary market sales in the prime segment jumped 25.5 times QoQ, whilst resale volume fell 5.8%.
The report attributed this shift largely to three high-profile launches such as the River Green (465 units), Upperhouse at Orchard Boulevard (204 units), and The Robertson Opus (171 units). The three launches accounted for approximately 94% of prime new home sales.
On the supply side, there were few completions during the quarter. Key handovers included the remaining units at Initial Sama and 17 Mohamed Sultan Road. The withdrawal of Fraser Place Robertson Walk from the market contributed to a slight decline in vacancy rates.
In terms of pricing, luxury prime resale values remained stable, whilst prices in the typical prime resale segment continued to rise.
JLL attributed the upward trend to a combination of relative affordability and renewed supply supporting buyer interest. On the rental front, luxury prime rents saw moderated declines, buoyed by seasonal corporate leasing demand.
Meanwhile, typical prime rents continued their upward trajectory, reflecting spillover demand for more affordable options within prime districts.
Looking ahead, JLL expects moderating interest rates, steady local buyer activity, and safe-haven demand to support price levels in the near term. However, the firm cautioned that rising geopolitical tensions could impact sentiment.
On the leasing side, improving economic fundamentals are expected to sustain demand, although deteriorating external conditions may temper rental growth.
As of the third quarter, year-to-date completions in the luxury segment totaled 802 units. Gross rents stood at $5.98 per square foot per month, up 0.2% YoY, whilst capital values rose 5.3% to $3,490 per square foot.