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Urban Redevelopment Authority (URA)
Press Releases

Release of flash estimate of 2nd Quarter 2025 private residential property price index

1 July 2025

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• The overall private residential property price index rose by a smaller extent of 0.5% in 2Q2025, compared to the 0.8% increase in 1Q2025 and the 2.3% increase in 4Q2024.

• To continue to cater to housing demand and maintain market stability, the Government is sustaining a high level of private housing supply in the Government Land Sales (GLS) Programme. More than 4,700 private residential units will be launched via the 2H2025 Confirmed List, bringing the total Confirmed List supply for 2025 to close to 10,000 units or around 50% higher than the average annual GLS supply in the Confirmed List from 2021 to 2023.

• Singapore’s GDP growth for 2025 is expected to moderate from last year. Against this backdrop of slowing economic growth and increasing headwinds arising from escalating global trade conflicts, there are also early signs of moderating labour demand. Given the highly uncertain macroeconomic outlook, households should continue to exercise prudence when purchasing properties and taking on mortgage loans.

1  The Urban Redevelopment Authority (URA) released the flash estimate of the price index for private residential properties for 2nd Quarter 2025 today.

2 The flash estimate of the private residential property price index increased by 0.5% on a quarter-on-quarter basis in 2nd Quarter 2025, compared to the 0.8% increase in the previous quarter (see Annex A [PDF, 18 KB] and Annex B [PDF, 53 KB]). In line with the decline in the number of units launched for sale, sale transaction volume fell by about 40% on a quarter-on-quarter basis in 2nd Quarter 20251.

3  Prices of non-landed properties increased by 0.5% in 2nd Quarter 2025, compared to the 1.0% increase in the previous quarter. Prices of non-landed properties in the Core Central Region increased by 2.3%, compared to the increase of 0.8% in the previous quarter. Prices of non-landed properties in the Rest of Central Region decreased by 1.1%, compared to the 1.7% increase in the previous quarter. Prices of non-landed properties in the Outside Central Region increased by 0.9%, compared to the increase of 0.3% in the previous quarter. For landed properties, prices increased by 0.7% in 2nd Quarter 2025, following the 0.4% increase in the previous quarter (see Annex C [PDF, 56 KB]).

4  The flash estimates are compiled based on transaction prices submitted for stamp duty payment and data on units sold by developers up till mid-June. The statistics will be updated on 25 July 2025, when URA releases its full set of real estate statistics for 2nd Quarter 2025. Past data have shown that the flash estimate may differ from the actual changes. The public is advised to interpret the flash estimates with caution.

1 Sale transaction volume (up to mid-June) totalled 4,340 in 2nd Quarter 2025, compared to 7,261 in 1st Quarter 2025 and 4,915 in 2nd Quarter 2024.

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