Growth in private home prices continues to slow in 2nd quarter

The growth in private residential property prices continued to lose momentum in the second quarter of 2025, according to flash estimates released by the Urban Redevelopment Authority (URA) on July 1.

- Ng Keng Gene Correspondent

The private residential property price index rose by 0.5 per cent in the second quarter, compared with the 0.8 per cent growth in the first quarter.

"In line with the decline in the number of units launched for sale, sale transaction volume fell by about 40 per cent on a quarter-on-quarter basis in the second quarter of 2025," said URA.

There were 4,340 private homes sold in the second quarter, compared with 7,261 in the previous quarter.

Across all areas in Singapore, prices of non-landed properties increased by 0.5 per cent in the second quarter, after a 1 per cent rise in the previous quarter.

However, the price movements were mixed across regions.

In the core central region, prices of non-landed properties increased by 2.3 per cent, picking up from a 0.8 per cent gain previously.

Elsewhere in the central region, non-landed property prices dropped by 1.1 per cent, reversing a 1.7 per cent growth in the previous quarter.

Outside the central region, prices of non-landed homes increased by 0.9 per cent, compared with a 0.3 per cent increase previously.

As for landed properties, prices rose by 0.7 per cent, up from a 0.4 per cent gain in the first quarter.