Prime non-landed value jumps 54.5% YoY to $2.2b
New luxury hits $4,692 psf versus $2,130 psf resale.
Prime non-landed and landed residential markets posted year-on-year (YoY) growth in 2025, Knight Frank Singapore found.
For prime non-landed home sales, 257 transactions were recorded during the year to reach a total sales value of $2.2b, or a 54.5% YoY increase in value, it added.
In the primary market, Knight Frank said that high-end activity during the year was mainly supported by the new sales of 21 Anderson and 32 Gilstead.
For landed homes, 908 units were sold during the year to reach a total sales value of $8.2b, compared to 684 homes sold to reach a value of $6.4b the year before.
Meanwhile, new sales of high-rise luxury homes in prime areas of over 2,500 square feet registered a median price of $4,692 per sq. ft. (psf) last year, Knight Frank said.
In contrast, a median price of $2,130 psf was recorded for resale properties with the same parameters, it added.
The property consultancy said that with the median unit prices of new product commanding a premium that exceeded that of resale transactions, discerning buyers could find more affordable luxury homes in the prime areas, such as the Core Central Region (CCR), with good value.
A total of 22 good class bungalows (GCBs) were sold in 2025 to reach a total sales value of $1b. Twenty-two GCBs were sold in 2024 with a total value of also $1b.
In 2026, declining interest rates, Singapore’s stability and predictability amidst global economic uncertainty, and demand for family-sized units in prime locations can support the luxury non-landed home market, Knight Frank predicted.