- Total of 9,280 transactions recorded in February 2025 (-8.8% MoM).
- Median sale price per square foot: $2,284, up 1.3% from last month.
- Median monthly rent: $4,400 (+1.1% MoM).
- Most active district: District 18 (Tampines, Pasir Ris) with 1,123 sales.
- Highest gross yield: 2.69% in the OCR segment.
Based on URA REALIS data, the Singapore private residential market recorded 9,280 total transactions in February 2025, down 8.8% from the previous month. Sales volume stood at 3,057 units with a median price of $2,284 per square foot, while the rental market saw 6,223 leases at a median rent of $4,400/month. For an overview of the buying process, see our Buying Property for Your Children — Trusts, ABSD & Estate Planning.
Highest-Value Transactions
The top 5 transactions by total price in February 2025:
| Project | District | Price | PSF | Size (sqft) | Type |
|---|---|---|---|---|---|
| HOLLAND GROVE PARK | D10 | $24,725,000 | $2,510 | 9,850 | Resale |
| LANDED HOUSING DEVELOPMENT | D11 | $20,000,000 | $2,139 | 9,350 | Resale |
| LANDED HOUSING DEVELOPMENT | D11 | $20,000,000 | $2,139 | 9,350 | Resale |
| LANDED HOUSING DEVELOPMENT | D11 | $20,000,000 | $2,139 | 9,350 | Resale |
| LANDED HOUSING DEVELOPMENT | D10 | $16,842,000 | $3,000 | 5,613 | Resale |
Key Figures at a Glance
Sales Market Deep Dive
The private residential sales market recorded 3,057 transactions in February 2025, representing an increase of 27.5% month-on-month and up 129.0% year-on-year. The median price per square foot was $2,284 (up 1.3% MoM), while the median transaction price stood at $1,826,000.
Transaction Mix: Resale: 1,366 (44.7%) · New Sale: 1,595 (52.2%) · Sub Sale: 96 (3.1%)
Segment Performance: CCR, RCR & OCR
Performance across Singapore's three market segments shows differentiated pricing and demand patterns.
| Segment | Sales Vol. | Median PSF | Rentals | Median Rent | Gross Yield |
|---|---|---|---|---|---|
| CCR (Core Central Region) | 232 | $2,236 | 1,874 | $5,625 | 2.46% |
| RCR (Rest of Central Region) | 570 | $2,060 | 2,144 | $4,400 | 2.29% |
| OCR (Outside Central Region) | 2,255 | $2,307 | 2,205 | $3,850 | 2.69% |
For a deeper comparison, see SE Asia Property Investment — Singapore vs Bangkok vs KL vs Jakarta.
Top Districts by Activity
The most active districts by sales volume in February 2025:
| District | Area | Segment | Transactions | Median PSF |
|---|---|---|---|---|
| District 18 (Tampines, Pasir Ris) | Tampines, Pasir Ris | OCR | 1,123 | $2,353 |
| District 5 (Pasir Panjang, Hong Leong Garden, Clementi New Town) | Pasir Panjang, Hong Leong Garden, Clementi New Town | RCR | 420 | $2,479 |
| District 19 (Serangoon Garden, Hougang, Punggol) | Serangoon Garden, Hougang, Punggol | OCR | 213 | $1,660 |
| District 15 (Katong, Joo Chiat, Amber Road) | Katong, Joo Chiat, Amber Road | RCR | 146 | $2,078 |
| District 23 (Hillview, Dairy Farm, Bukit Panjang, Choa Chu Kang) | Hillview, Dairy Farm, Bukit Panjang, Choa Chu Kang | OCR | 99 | $1,548 |
Notable Transactions
The highest-value transactions by price per square foot in February 2025:
| Project | District | PSF | Price | Size (sqft) | Type |
|---|---|---|---|---|---|
| EMERALD HILL CONSERVATION AREA | D9 | $5,126 | $6,880,000 | 1,342 | Resale |
| LANDED HOUSING DEVELOPMENT | D9 | $4,546 | $12,800,000 | 2,816 | Resale |
| LANDED HOUSING DEVELOPMENT | D11 | $4,258 | $13,600,000 | 3,194 | New Sale |
| ONE HOLLAND VILLAGE RESIDENCES | D10 | $3,781 | $4,680,000 | 1,238 | Sub Sale |
| 19 NASSIM | D10 | $3,642 | $5,370,000 | 1,475 | New Sale |
| THE AVENIR | D9 | $3,564 | $8,594,000 | 2,411 | New Sale |
| LANDED HOUSING DEVELOPMENT | D11 | $3,547 | $14,400,000 | 4,060 | New Sale |
| LANDED HOUSING DEVELOPMENT | D9 | $3,531 | $5,750,000 | 1,629 | Resale |
| THE AVENIR | D9 | $3,525 | $2,922,000 | 829 | New Sale |
| THE AVENIR | D9 | $3,509 | $2,908,000 | 829 | New Sale |
Rental Market Snapshot
The rental market recorded 6,223 leases in February 2025, down 20.0% month-on-month. The median monthly rent was $4,400 (up 1.1% MoM).
Median Rent by Bedroom Type:
| Type | Median Rent |
|---|---|
| 1BR | $3,300 |
| 2BR | $4,200 |
| 3BR | $5,300 |
| 4BR | $8,500 |
| 5BR | $10,000 |
| 6BR | $16,431 |
| NA | $5,000 |
Most Active Rental Projects:
| Project | Leases |
|---|---|
| LANDED HOUSING DEVELOPMENT | 116 |
| NON-LANDED HOUSING DEVELOPMENT | 94 |
| NORMANTON PARK | 58 |
| ONE PEARL BANK | 47 |
| PARC ESTA | 44 |
6-Month Price Trends
Tracking median PSF and rent over the past six months reveals the underlying trend beyond monthly noise.
| Month | Median PSF | Median Rent |
|---|---|---|
| 2024-09 | $1,782 | $4,300 |
| 2024-10 | $1,942 | $4,300 |
| 2024-11 | $2,431 | $4,350 |
| 2024-12 | $1,719 | $4,300 |
| 2025-01 | $2,253 | $4,350 |
| 2025-02 | $2,284 | $4,400 |
Market volatility assessment: Volatile (based on 6-month coefficient of variation of median PSF).
Supply & Demand Signals
Primary vs Secondary Market: New launches accounted for 1,595 units (52.2% of total), while resales made up 1,366 transactions and 96 sub-sales were recorded.
Unit Size Demand: 5BR+: 233 (7.6%) · 4BR: 285 (9.3%) · 2BR: 742 (24.3%) · 3BR: 871 (28.5%) · 1BR: 826 (27%) · Studio: 100 (3.3%)
Price Distribution: $500K-1M: 165 · $1M-1.5M: 658 · $1.5M-2M: 942 · $2M-3M: 836 · $3M+: 456
Explore our latest Condos with Best Views in District 25 (Kranji, Woodgrove) for featured developments.
Outlook & What to Watch
In 2025, the market is adjusting to a normalising interest rate environment as MAS SORASORA rates gradually ease from their peak, supporting buyer sentiment.
Key takeaways for February 2025:
- Prices are trending upward with median PSF rising 1.3% month-on-month.
- Rents are holding firm with median rent up 1.1% MoM.
- New launches dominated the market, suggesting strong developer confidence and buyer appetite for new projects.
- The CCR-to-OCR price premium stands at approximately -3%, near historical averages.
Useful resources: How to Evaluate Mortgage Refinancing · Capital Gains and Appreciation: How Values Grow
Bedroom Type Analysis
Prices and rents broken down by unit type help buyers identify value across different bedroom configurations.
| Bedroom | Median Sale Price | Median Rent | Est. Gross Yield |
|---|---|---|---|
| 0 | $869,000 | -- | -- |
| 1 | $1,457,500 | -- | -- |
| 1BR | -- | $3,300/mo | -- |
| 2 | $1,853,000 | -- | -- |
| 2BR | -- | $4,200/mo | -- |
| 3 | $2,380,000 | -- | -- |
| 3BR | -- | $5,300/mo | -- |
| 4 | $3,100,000 | -- | -- |
| 4BR | -- | $8,500/mo | -- |
| 5 | $5,150,000 | -- | -- |
| 5BR | -- | $10,000/mo | -- |
| 6BR | -- | $16,431/mo | -- |
| NA | -- | $5,000/mo | -- |
Yields are gross estimates: (monthly rent × 12) / median sale price. Actual net yields vary with maintenance, taxes, and vacancy.
Useful Resources
- How to Evaluate Mortgage Refinancing
- How to Compare Mortgage Loan Packages
- Buying Property for Your Children — Trusts, ABSD & Estate Planning
- Executive Condominium (EC) Complete Guide — Eligibility, Pricing & MOP
- Singapore Property Tax Guide — Annual Value, Rates & Reliefs
- Singapore Condo Mortgage Guide — Fixed vs Floating, SORA & Bank Packages
- Capital Gains and Appreciation: How Values Grow
- Property Expense Ratio: Rental Costs and Deductions
- What Is PSF? Price Per Square Foot Explained
Official Sources: URA · URA REALIS · MAS · SORA Rates · BSD Rates · ABSD Rates · CPF Housing
Methodology & Sources
This report is compiled from transaction data published by the Urban Redevelopment Authority (URA) via the REALIS system. Median values are used throughout to minimise the impact of outliers from exceptionally high or low transactions. Month-on-month (MoM) and year-on-year (YoY) changes compare like-for-like periods.
Gross rental yield is calculated as (median monthly rent × 12) / median transaction price. Market segment classifications follow URA definitions: CCR (Core Central Region), RCR (Rest of Central Region), and OCR (Outside Central Region). Interest rate references use the Singapore Overnight Rate Average (SORA) published by MAS. Stamp duty rates reference IRAS BSD and ABSD schedules.
Data coverage: 755 condos with sales data and 1559 with rental data out of 3429 tracked properties for February 2025.