房地产 -2025年下半年新加坡豪宅数据 Singapore Luxury Residential Figures H2 2025

CBRE

FIGURESSINGAPORElLUXURYRESIDENTIALIH22025

primeResilience

+5.0%

GDPGrowthy-0-Y(2025)

1.2%

3MSORA(Dec2025)

$2,124psf

GCBprice(2025)

$1,752psf

sentosacoveBungalows(2025)

$3,694psf

LuxuryApartmentprice(2025)

Note:CBREResearch,singstat,MAS

TABLE1:selectedLuxuryTransactionsinH22025

Executivesummary

Location/property

Type

Land/FloorArea

(sq.ft.)

price($mil)

24peirceRoad

GCB

80,448

148.00

-

2025.Thisbrought2025'sfullyearsalestallytoa3yearhighof36GCBsamountingto$1.343bn.

61DalveyRoadGCB15,08161.00

-

firmrecovery,supportedbylowinterestrates,resilienteconomicgrowthandbuoyantfinancialmarkets.

1DalveyRoad

GCB

21,882

60.00

50cheeHoonAvenue

GCB

13,906

55.00

21Anderson

penthouse

10,452

52.25

21Anderson

penthouse

10,452

52.25

2victoriaparkclose

GCB

18,984

52.00

sculpturaArdmore

Apt

3,229

20.00

227oceanDrive

Bungalow

7,813

15.20

231oceanDrive

Bungalow

7,637

13.89

-

buyersassessevolvinggeopoliticalrisks.However,activityintheGCBmarketcouldregaintractioninH22026.

-

marketactivity.pricesforbothbungalowsandcondominiumsdeclined.

-

milchangedhands,up24.0%h-o-hfrom$569.26milacross44unitsinH1.Forthefullyear,101unitstotalling$1.275bnweretransacted,morethandoublingthe$608.17milfrom54dealsin2024.Averagepricesrose5.0%to$3,694psf,from$3,517psfin2024.

-

sentosacove,mainlandluxuryapartmentsalessawanotableuptickin2025.Lookingahead,buyingsentimentisexpectedtostaybroadlypositivein2026,althoughtransactionactivitymayeaseintheneartermamid

source:URA,CBREResearch,Mar2026

heighteneduncertaintyfollowingtheusIranconflict,

FIGURES|SINGAPORE|LUXURYRESIDENTIAL|H22025

2CBRERESEARCH©2026CBRE,INC.

GoodclassBungalows(GCB)

GCBsalesreacheda3-yearhighonlowinterestratesandresilienteconomicgrowth

InH22025,20GCBsworth$783.29milweretransacted,up40.0%fromthe$559.63milacross16dealsinH12025.Afteraperiodofheightenedvolatilitystemmingfromtradefrictionsearlierintheyear,theGCBmarketstagedafirmrecoveryinH22025,supportedbylowinterestrates,resilienteconomicgrowthandbuoyantfinancialmarkets.Forthefullyear,36GCBsamountingto$1.343bnchangedhandsthehighestinthreeyears,justshyofthe$1.365bnrecordedin2022when47

transactionswerecompleted.

RarelargeplotatpierceRoadwasthelargestdealin2025

NewlynaturalisedcitizensandkeyexecutivesoftraditionalbusinesseswereactiveGCBbuyersinH22025.Taiwanesephilanthropistwuching-Hsinacquired61DalveyRoadfor$61.00mil($4,045psf)andprajnaMurdaja,thecofounderofIndonesianrecordingstudioshoemakerstudiospickedup10DDalveyEstatefor$32.00mil($2,089psf).Meanwhile,kelvinTeo,theexecutivedirectoratcenturioncorporationboughtgcamdenparkfor$48.00mil($1,604psf).InDec,arare80,448sq.ft.largeGCBatpjerceRoadwassoldtovictorsoh,themanagingdirectorofboutiquedeveloperpinnaclesAssets,for$148.00mil($1,840psf),cappingtheyearasthelargestGCBdealin2025.

pricessoftenedonmorerealisticsellerexpectations,rentsincreasedmarginally

AverageGCBpricesfor2025fellby14.4%to$2,124psf,from$2,481psfin2024.Thismaybeduetomorerealisticsellerpriceexpectationsasheftymaintenancecostsandhigherpropertytaxes

weighedonowners,promptingsometodownsize.Realisdatashowed2025medianrentfor

detachedhousesinGCBAreasrosemarginallyby1.0%y-0-y,aftera11%correctionin2024.Itoutperformedislandwidemedianbungalowrentwhichcontinuedtofallby1.6%in2025.

GCBmomentummaysofteninneartermbutshouldresumeinlongerterm

TherecentescalationintheusIranconflictmaycontributetosofterGCBvolumesinH12026asbuyersassessevolvinggeopoliticalrisks.However,activityintheGCBmarketcouldregaintractioninH22026,supportedbythelow-rateenvironmentandagrowingpoolofpotentialbuyers

obtainingsingaporecitizenship.overall,thescarcity,prestige,andwealthpreservationqualitiesofGCBsshouldcontinuetoattractultra-High-Net-worthbuyerslookingforstabilityamidvolatile

financialmarketsandanincreasinglyuncertainglobaleconomicoutlook.

FIGURE1:GCBsalesActivity

3.0

2.5

2.0

1.5

0.5

TotalTransactedvalue($bn)

3.5

202020212022202320242025

H2Averageprice($psf)

$psf

3,000

2,500

2,000

1,500

500

FIGURE2:MedianrentsofGCBsandDetachedHousesMedianRent

FIGURES|SINGAPORE|LUXURYRESIDENTIAL|H22025

3CBRERESEARCH©2026CBRE,INC.

sentosacove

sentosacovesalesedgedupinH22025trackingthepickupinmainlandluxuryactivity

sentosacovesalesedgedupinH22025fromalowH1base,trackingthebroaderpickupinmainlandluxurymarketactivity.Threesentosacovebungalowsamountingto$41.09milweresoldinH2,up52.5%h-o-h

fromtwoworth$26.95milinH1.Forthefullyear,fivebungalowschangedhandsajumpfrom2024'stwodealsbutstillbelowthe9-26annualtransactionsseenfrom20202023,asuHNwbuyerscontinuedtofavourmainlandluxuryhomes.ThethreeH2bungalowsalesachievedlandratesof$1,475psf,$1,819psf

$1,946psf,bringingthe2025averageto$1,752psf,down3.3%from$1,812psfin2024,

Inthecondominiumsegment,51unitsworth$209.87milweresoldinH22025,up55.7%h-o-hfrom$134.83milacross35unitsinH1.Full-yearsalesreached$344.70mil,26.7%lowery-o-yfromthe$469.96milacross134unitsin2024,reflectinganormalisationafterastrong2024whichsawtherelaunchofTheResidencesatwsingaporesentosacove.Averagecondominiumpricesdippedmarginallyby1.7%y-o-yto$1,776psf

from$1,807psfin2024.

LuxuryApartments

Luxuryapartmentsalessurgedonlowerinterestratesandrobustnewdevelopersales

LuxuryapartmentsalessurgedinH22025,with57unitsworth$705.81milchanginghandsup24.0%h-o-hfrom$569.26milacross44unitsinH1.Forthefullyear,101unitstotalling$1.275bnweretransacted,morethandoublingthe$608.17milfrom54dealsin2024.ThestrongreboundcameonthebackoflowerinterestratesandrobustnewdevelopersalesfromlaunchessuchasupperhouseatorchardBoulevard(launched

Jul2025)and21Anderson(launchedApr2025).Notably,after4unitssoldinH1,21Andersonmoved9moreunitsinH22025,includingtwo10,452sq.ft.penthouseunitstransactedat$52.25mil($4,999psf)each

whicharealso2025'slargestluxuryapartmentdeals.BasedoncBREResearch'sbasketoffreeholdluxuryprojects,averageluxuryapartmentpricesrose5.0%to$3,694psf,from$3,517psfin2024,underpinnedbybenchmarkpricingatnewlaunches.

Buyingsentimentforluxuryapartmentstoremainpositive

whilethesteepABSDregimesince2023continuestoweighontheluxuryresidentialmarket,particularlyinsentosacove,mainlandluxuryapartmentsalessawanotableuptickin2025.Lookingahead,buying

sentimentisexpectedtostaybroadlypositivein2026,althoughtransactionactivitymayeaseinthenear

termamidheighteneduncertaintyfollowingtheusIranconflict.overthemediumterm,tworecentpolicydevelopmentscouldprovidesupport.ThenewlyintroducedonepassfortopAIforeigntalentunderBudget2026,alongsidethesingaporegovernment'splanstoincreasetheintakeofpermanentResidentsandgrantmorenewcitizenships,maybolsterdemandandoffertailwindsfortheluxuryresidentialsegment.

FIGURE3:AverageLuxuryResidentialprices

source:URA,CBREResearch,Mar2026

Note:ApartmentpricesarebasedonabasketoffreeholdpropertiesinDgand10.FIGURE4:Luxurysalesvolume(units)

GCBUsentosacoveBungalowsuLuxuryApartments

source:URA,CBREResearch,Mar2026

Note:ApartmentsincorecentralRegion(CCR)thatarelargerthan2,000sqftandsoldfor$3,000psfandabovewereadoptedasaproxyforluxuryapartments.

FIGURES|SINGAPORE|LUXURYRESIDENTIAL|H22025

singaporeResidential

Lindachern

HeadofResidentialservices,singaporelinda.chern@cbre.com

singaporeResearch

Triciasong

HeadofResearch,SEAtricia.song@cbre.com

GeraldTan

seniorAnalyst

gerald.tan@cbre.com

©Copyright2026.Allrightsreserved.Thisreporthasbeenpreparedingoodfaith,basedonCBRE’scurrentanecdotalandevidencebasedviewsofthecommercialrealestatemarket.AlthoughCBREbelievesitsviewsreflectmarketconditionsonthedateofthispresentation,theyaresubjecttosignificantuncertaintiesandcontingencies,manyofwhicharebeyondCBRE’scontrol.Inaddition,manyofCBRE’sviewsareopinionand/orprojectionsbasedonCBRE’ssubjectiveanalysesofcurrentmarketcircumstances.Otherfirmsmayhavedifferentopinions,projectionsandanalyses,andactualmarketconditionsinthefuturemaycauseCBRE’scurrentviewstolaterbeincorrect.CBREhasnoobligationtoupdateitsviewshereinifitsopinions,projections,ana