Private Home Prices Up 1% in Q2; New Sales Deals Fall 64%

Growth in prices of landed property outpaces that of the non-landed segment

- Grace Leong

Private residential home prices rose 1 per cent in the second quarter of 2025, with growth in prices of landed property outperforming that of the non-landed segment.

This is above flash estimates of 0.5 per cent released earlier in July, and a 0.8 per cent gain in the previous quarter.

But it is a slower pace compared with the 2.3 per cent jump in the fourth quarter of 2024, latest data from the Urban Redevelopment Authority (URA) showed.

Reflecting a more cautious sentiment, new sales transactions (excluding executive condominiums or ECs) plummeted 64 per cent to 1,212 units in the second quarter of 2025, from 3,375 units in the first quarter.

Buyers retreated to the sidelines, while some developers held back launches in the face of an uncertain economic outlook triggered by global trade tensions. June is also traditionally a quiet month for private home launches because of the school holidays.

Some 1,520 uncompleted private residential units, excluding ECs, were launched for sale in the second quarter, down from 3,139 units in the previous quarter, according to URA data released on July 25.

Sub-sales dipped 16.2 per cent to 269 deals from 321 in the first quarter.

Ms Chia Siew Chuin, JLL's head of residential research, noted that the share of sub-sales to total sales rose to 5.2 per cent in the second quarter, from 4.4 per cent in the first.