ShiokNest Monthly Market Report — October 2025

Market Report Updated
Key Takeaways
  • Total of 11,015 transactions recorded in October 2025 (+14.0% MoM).
  • Median sale price per square foot: $2,550, up 38.2% from last month.
  • Median monthly rent: $4,400 (+1.1% MoM).
  • Most active district: District 3 (Queenstown, Tiong Bahru) with 1,112 sales.
  • Highest gross yield: 2.79% in the CCR segment.

Based on URA REALIS data, the Singapore private residential market recorded 11,015 total transactions in October 2025, up 14.0% from the previous month. Sales volume stood at 4,001 units with a median price of $2,550 per square foot, while the rental market saw 7,014 leases at a median rent of $4,400/month. For an overview of the buying process, see our Conveyancing Process Explained — What Your Lawyer Does.

Highest-Value Transactions

The top 5 transactions by total price in October 2025:

ProjectDistrictPricePSFSize (sqft)Type
DALVEY VILLASD10$32,000,000$2,08915,317Resale
SHAMROCK PARKD10$30,300,000$2,78510,880Resale
LANDED HOUSING DEVELOPMENTD21$23,000,000$1,97211,663Resale
21 ANDERSOND10$22,700,000$5,0574,489New Sale
LANDED HOUSING DEVELOPMENTD10$16,000,000$2,4426,553Resale

Key Figures at a Glance

4,001
Sales Transactions
↑ 115.8% MoM
$2,550
Median PSF
↑ 38.2% MoM
$2,175,000
Median Transaction Price
7,014
Rental Leases
↓ 10.2% MoM
$4,400
Median Rent
↑ 1.1% MoM
2.79%
Best Gross Yield (CCR)

Sales Market Deep Dive

The private residential sales market recorded 4,001 transactions in October 2025, representing an increase of 115.8% month-on-month and up 69.7% year-on-year. The median price per square foot was $2,550 (up 38.2% MoM), while the median transaction price stood at $2,175,000.

Transaction Mix: Resale: 1,494 (37.3%) · New Sale: 2,430 (60.7%) · Sub Sale: 77 (1.9%)

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.

SegmentSales Vol.Median PSFRentalsMedian RentGross Yield
CCR (Core Central Region)981$2,8862,191$5,5002.79%
RCR (Rest of Central Region)1,693$2,7962,379$4,4502.23%
OCR (Outside Central Region)1,327$1,8292,444$3,8502.68%

For a deeper comparison, see East vs West vs North vs Central: Regional Compare.

Top Districts by Activity

The most active districts by sales volume in October 2025:

DistrictAreaSegmentTransactionsMedian PSF
District 3 (Queenstown, Tiong Bahru)Queenstown, Tiong BahruRCR1,112$2,904
District 10 (Ardmore, Bukit Timah, Holland Road, Tanglin)Ardmore, Bukit Timah, Holland Road, TanglinCCR789$2,927
District 5 (Pasir Panjang, Hong Leong Garden, Clementi New Town)Pasir Panjang, Hong Leong Garden, Clementi New TownRCR495$2,147
District 19 (Serangoon Garden, Hougang, Punggol)Serangoon Garden, Hougang, PunggolOCR265$1,700
District 15 (Katong, Joo Chiat, Amber Road)Katong, Joo Chiat, Amber RoadRCR146$2,310

Notable Transactions

The highest-value transactions by price per square foot in October 2025:

ProjectDistrictPSFPriceSize (sqft)Type
SKYWATERS RESIDENCESD1$6,502$11,687,0001,798New Sale
21 ANDERSOND10$5,057$22,700,0004,489New Sale
PARK NOVAD10$5,024$14,600,0002,906New Sale
ARDMORE PARKD10$4,333$12,500,0002,885Resale
W RESIDENCES MARINA VIEW - SINGAPORED1$4,256$3,482,000818New Sale
MING TECK PARKD10$4,160$7,728,0001,858Resale
ZYON GRANDD3$3,907$10,388,0002,659New Sale
19 NASSIMD10$3,716$2,000,000538Resale
LANDED HOUSING DEVELOPMENTD10$3,674$8,000,0002,178Resale
THE ROBERTSON OPUSD9$3,633$2,620,000721New Sale

Rental Market Snapshot

The rental market recorded 7,014 leases in October 2025, down 10.2% month-on-month. The median monthly rent was $4,400 (up 1.1% MoM).

Median Rent by Bedroom Type:

TypeMedian Rent
1BR$3,300
2BR$4,200
3BR$5,400
4BR$8,650
5BR$11,000
6BR$40,000
NA$5,500

Most Active Rental Projects:

ProjectLeases
LANDED HOUSING DEVELOPMENT145
NON-LANDED HOUSING DEVELOPMENT120
NORMANTON PARK71
MARINA ONE RESIDENCES51
THE SAIL @ MARINA BAY46

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.

MonthMedian PSFMedian Rent
2025-05$1,830$4,300
2025-06$1,814$4,300
2025-07$1,973$4,500
2025-08$2,138$4,500
2025-09$1,846$4,350
2025-10$2,550$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 2,430 units (60.7% of total), while resales made up 1,494 transactions and 77 sub-sales were recorded.

Unit Size Demand: 5BR+: 285 (7.1%) · 4BR: 439 (11%) · 3BR: 1,174 (29.3%) · 2BR: 1,155 (28.9%) · 1BR: 824 (20.6%) · Studio: 124 (3.1%)

Price Distribution: $500K-1M: 147 · $1M-1.5M: 504 · $1.5M-2M: 1,008 · $2M-3M: 1,317 · $3M+: 1,025

Explore our latest Best Family-Friendly Condos in OCR (Outside Central Region) 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 October 2025:

  • Prices are trending upward with median PSF rising 38.2% 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 58%, near historical averages.

Useful resources: How to Evaluate Mortgage Refinancing · ABSD Explained: Additional Buyer's Stamp Duty Rates

Bedroom Type Analysis

Prices and rents broken down by unit type help buyers identify value across different bedroom configurations.

BedroomMedian Sale PriceMedian RentEst. Gross Yield
0$911,000----
1$1,705,000----
1BR--$3,300/mo--
2$2,130,000----
2BR--$4,200/mo--
3$2,612,000----
3BR--$5,400/mo--
4$3,888,000----
4BR--$8,650/mo--
5$5,220,000----
5BR--$11,000/mo--
6BR--$40,000/mo--
NA--$5,500/mo--

Yields are gross estimates: (monthly rent × 12) / median sale price. Actual net yields vary with maintenance, taxes, and vacancy.

Useful Resources

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: 827 condos with sales data and 1652 with rental data out of 3429 tracked properties for October 2025.