- Total of 10,179 transactions recorded in January 2025 (+12.2% MoM).
- Median sale price per square foot: $2,253, up 31.1% from last month.
- Median monthly rent: $4,350 (+1.2% MoM).
- Most active district: District 12 (Balestier, Toa Payoh, Serangoon) with 696 sales.
- Highest gross yield: 3.19% in the CCR segment.
Based on URA REALIS data, the Singapore private residential market recorded 10,179 total transactions in January 2025, up 12.2% from the previous month. Sales volume stood at 2,397 units with a median price of $2,253 per square foot, while the rental market saw 7,782 leases at a median rent of $4,350/month. For an overview of the buying process, see our Your Complete Condo Purchase Cost Breakdown.
Highest-Value Transactions
The top 5 transactions by total price in January 2025:
| Project | District | Price | PSF | Size (sqft) | Type |
|---|---|---|---|---|---|
| LANDED HOUSING DEVELOPMENT | D10 | $58,000,000 | $3,557 | 16,306 | Resale |
| PARK NOVA | D10 | $38,888,000 | $6,593 | 5,899 | New Sale |
| LANDED HOUSING DEVELOPMENT | D11 | $19,998,000 | $3,188 | 6,273 | New Sale |
| WATTEN ESTATE | D11 | $18,680,000 | $1,860 | 10,042 | Resale |
| PARK NOVA | D10 | $16,588,000 | $5,708 | 2,906 | New Sale |
Key Figures at a Glance
Sales Market Deep Dive
The private residential sales market recorded 2,397 transactions in January 2025, representing an increase of 30.9% month-on-month and up 37.0% year-on-year. The median price per square foot was $2,253 (up 31.1% MoM), while the median transaction price stood at $1,940,000.
Transaction Mix: Resale: 1,224 (51.1%) · New Sale: 1,080 (45.1%) · Sub Sale: 93 (3.9%)
Segment Performance: CCR, RCR & OCR
Performance across Singapore's three market segments shows differentiated pricing and demand patterns. See our CCR, RCR, OCR: Singapore's Market Segments for segment definitions.
| Segment | Sales Vol. | Median PSF | Rentals | Median Rent | Gross Yield |
|---|---|---|---|---|---|
| CCR (Core Central Region) | 294 | $2,478 | 2,348 | $5,632 | 3.19% |
| RCR (Rest of Central Region) | 1,163 | $2,605 | 2,545 | $4,400 | 2.49% |
| OCR (Outside Central Region) | 940 | $1,607 | 2,889 | $3,800 | 2.8% |
For a deeper comparison, see Orchard Road vs River Valley: Central Living Comparison.
Top Districts by Activity
The most active districts by sales volume in January 2025:
| District | Area | Segment | Transactions | Median PSF |
|---|---|---|---|---|
| District 12 (Balestier, Toa Payoh, Serangoon) | Balestier, Toa Payoh, Serangoon | RCR | 696 | $2,723 |
| District 19 (Serangoon Garden, Hougang, Punggol) | Serangoon Garden, Hougang, Punggol | OCR | 250 | $1,642 |
| District 15 (Katong, Joo Chiat, Amber Road) | Katong, Joo Chiat, Amber Road | RCR | 136 | $2,078 |
| District 16 (Bedok, Upper East Coast, Eastwood, Kew Drive) | Bedok, Upper East Coast, Eastwood, Kew Drive | OCR | 134 | $2,372 |
| District 2 (Anson, Tanjong Pagar) | Anson, Tanjong Pagar | CCR | 114 | $2,519 |
Notable Transactions
The highest-value transactions by price per square foot in January 2025:
| Project | District | PSF | Price | Size (sqft) | Type |
|---|---|---|---|---|---|
| PARK NOVA | D10 | $6,593 | $38,888,000 | 5,899 | New Sale |
| PARK NOVA | D10 | $5,708 | $16,588,000 | 2,906 | New Sale |
| ARDMORE PARK | D10 | $4,576 | $13,200,000 | 2,885 | Resale |
| THE RITZ-CARLTON RESIDENCES SINGAPORE CAIRNHILL | D9 | $4,514 | $13,800,000 | 3,057 | Resale |
| EDEN RESIDENCES CAPITOL | D6 | $3,722 | $12,700,000 | 3,412 | Resale |
| LANDED HOUSING DEVELOPMENT | D10 | $3,557 | $58,000,000 | 16,306 | Resale |
| 19 NASSIM | D10 | $3,451 | $3,343,000 | 969 | New Sale |
| UNION SQUARE RESIDENCES | D1 | $3,401 | $2,489,000 | 732 | New Sale |
| UNION SQUARE RESIDENCES | D1 | $3,390 | $2,481,000 | 732 | New Sale |
| UNION SQUARE RESIDENCES | D1 | $3,388 | $2,480,000 | 732 | New Sale |
Rental Market Snapshot
The rental market recorded 7,782 leases in January 2025, up 7.5% month-on-month. The median monthly rent was $4,350 (up 1.2% MoM).
Median Rent by Bedroom Type:
| Type | Median Rent |
|---|---|
| 1BR | $3,250 |
| 2BR | $4,000 |
| 3BR | $5,200 |
| 4BR | $8,000 |
| 5BR | $12,000 |
| 6BR | $3,500 |
| 7BR | $39,000 |
| NA | $5,025 |
Most Active Rental Projects:
| Project | Leases |
|---|---|
| LANDED HOUSING DEVELOPMENT | 148 |
| NON-LANDED HOUSING DEVELOPMENT | 141 |
| NORMANTON PARK | 72 |
| THE SAIL @ MARINA BAY | 55 |
| D'LEEDON | 52 |
Planning to rent? Check out our How to Calculate Buy-to-Rent ROI.
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 |
|---|---|---|
| 2024-08 | $1,685 | $4,500 |
| 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 |
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 1,080 units (45.1% of total), while resales made up 1,224 transactions and 93 sub-sales were recorded.
Unit Size Demand: 5BR+: 200 (8.3%) · 4BR: 305 (12.7%) · 3BR: 729 (30.4%) · Studio: 106 (4.4%) · 2BR: 510 (21.3%) · 1BR: 547 (22.8%)
Price Distribution: $500K-1M: 118 · $1M-1.5M: 451 · $1.5M-2M: 713 · $2M-3M: 641 · $3M+: 474
Explore our latest Condos with Best Views in District 1 (Raffles Place, Cecil, Marina, People's Park) 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 January 2025:
- Prices are trending upward with median PSF rising 31.1% month-on-month.
- Rents are holding firm with median rent up 1.2% MoM.
- The resale market remained the primary source of transactions, indicating steady demand for existing stock.
- The CCR-to-OCR price premium stands at approximately 54%, near historical averages.
Useful resources: How to Check TDSR and MSR Affordability · What Is PSF? Price Per Square Foot Explained
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 | $905,444 | -- | -- |
| 1 | $1,739,000 | -- | -- |
| 1BR | -- | $3,250/mo | -- |
| 2 | $1,824,000 | -- | -- |
| 2BR | -- | $4,000/mo | -- |
| 3 | $2,237,000 | -- | -- |
| 3BR | -- | $5,200/mo | -- |
| 4 | $3,313,000 | -- | -- |
| 4BR | -- | $8,000/mo | -- |
| 5 | $4,765,000 | -- | -- |
| 5BR | -- | $12,000/mo | -- |
| 6BR | -- | $3,500/mo | -- |
| 7BR | -- | $39,000/mo | -- |
| NA | -- | $5,025/mo | -- |
Yields are gross estimates: (monthly rent × 12) / median sale price. Actual net yields vary with maintenance, taxes, and vacancy.
Useful Resources
- How to Check TDSR and MSR Affordability
- Your Complete Condo Purchase Cost Breakdown
- Cross Island Line Investment Guide — Where to Buy Before Stations Open
- Singapore Rental Market 2026 Outlook
- CPF for Property: Complete Guide to Using CPF OA for Your Condo
- Pet-Friendly Condo MCST Rules — By-Laws, Limits & Breeds
- Gross Yield vs Net Yield: Property Returns Explained
- Singapore Cooling Measures: History and Current Rates
- SSD Explained: Seller's Stamp Duty and Holding Periods
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: 693 condos with sales data and 1720 with rental data out of 3429 tracked properties for January 2025.