Release of flash estimate for 4th Quarter 2025 private residential property price index
2 January 2026
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- The overall private residential price index rose at a slower pace of 0.7% in 4th Quarter 2025, compared to the 0.9% increase in the preceding quarter. For the whole of 2025, the overall increase in the price index moderated to 3.4%, marking the smallest increase in a year since 2020.
- To continue to cater to housing demand and maintain market stability, the Government has sustained a robust supply of private housing through the Government Land Sales (GLS) Programme. 4,575 private residential units will be tendered out via the Confirmed List of the first half 2026 GLS Programme, which is 50% above the average Confirmed List supply per GLS programme over the past decade. An additional 4,610 units will be made available via the Reserve List. Together, the total GLS supply of nearly 9,200 units in the first half of 2026 will be comparable to that in the second half of 2025.
- Given the 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 property for 4th Quarter 2025 today.
2 The flash estimate of the private residential property price index increased at a slower pace by 0.7% on a quarter-on-quarter basis in 4th Quarter 2025, compared to the 0.9% increase in the previous quarter (see Annex A [PDF, 115 KB] [PDF, 115kb] and Annex B [PDF, 119 KB] [PDF, 118kb]). For the whole of 2025, private residential property prices rose by 3.4%, compared to the 3.9% increase in 2024. 2025 also saw the lowest rate of increase since 2020.
3 Prices of non-landed private residential properties decreased by 0.1%, compared to the 0.8% increase in the previous quarter. Prices of non-landed private residential properties in the Core Central Region decreased by 3.2%, compared to the 1.7% increase in the previous quarter. Prices in the Rest of Central Region increased by 0.7%, compared to the 0.3% increase in the previous quarter. Prices in the Outside Central Region increased by 1.0%, compared to the 0.8% increase in the previous quarter. For landed properties, prices increased by 3.5%, compared to the 1.4% increase in the previous quarter (see Annex C [PDF, 125 KB] [PDF, 124kb]).
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-December 2025. The statistics will be updated on 23 January 2026 when URA releases its full set of real estate statistics for 4th Quarter 2025. Past data have shown that the flash estimates may differ from actual changes. The public is advised to interpret the flash estimates with caution.
