Private home price growth slows in Q4 2025 as sales ease

Rental volumes declined sharply by 27.4% QoQ to 19,771 units.

Private residential property market recorded slower price growth in the fourth quarter of 2025, as transaction volumes eased amid fewer project launches, according to Realion.

Private residential price index rose 0.6% QoQ in Q4 2025, moderating from a 0.9% increase in the previous quarter. For the full year, private home prices increased by 3.3%, down from 3.9% in 2024 and marking the slowest annual growth since 2020.

Price trends diverged across market segments during the quarter. Landed home prices climbed 3.4% QoQ, accelerating from Q3 2025, whilst non-landed home prices slipped marginally by 0.2% QoQ, reversing an earlier gain.

By region, non-landed prices rose in the Outside Central Region (OCR) by 1.0% QoQ and the Rest of Central Region (RCR) by 0.7% QoQ, but fell sharply in the Core Central Region (CCR) by 3.5% QoQ.

Private home sales declined in the fourth quarter, with transaction volumes easing 9.5% QoQ to 6,699 units, largely due to weaker primary market activity. Despite the quarterly slowdown, total private home sales reached 26,492 units in 2025, a four-year high.

The strong annual performance was supported by a surge in new home sales, which rose to 10,815 units from 6,469 units in 2024, as well as higher resale transactions of 14,622 units, also a four-year high.

The private rental market showed signs of softening in 4Q 2025. URA data indicated that the residential rental index fell 0.5% QoQ, reversing a 1.2% increase in the previous quarter.

Rental volumes declined sharply by 27.4% QoQ to 19,771 units. However, on a full-year basis, rental activity remained resilient, with total rental transactions rising 3.4% to 89,376 units, the highest level in three years.

Looking ahead, Realion expects private home prices to post modest growth in 2026, supported by a resilient economic outlook but constrained by fewer new launches and transactions.

The report noted that most upcoming supply is likely to be concentrated in lower-priced suburban areas, which could help temper overall price increases in the near term.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia