What happened in 2025
Private residential prices in Singapore rose about 3.4 percent in 2025, marking the slowest pace of annual growth since 2020. Quarterly growth in the final quarter moderated further, signalling a clear deceleration in price momentum.
At the same time, market activity remained healthy. New home sales reached a four-year high, showing that buyers were still present and active, but increasingly selective.
The standout performer was the landed housing segment. Landed home prices rose more strongly than non-landed homes, becoming the main contributor to overall price growth. In contrast, non-landed prices, especially in prime districts, softened towards the end of the year.
👉 Rozi’s Field Notes
This is an important distinction to make. Slower price growth does not mean weak demand. What we are seeing is a market that is becoming more rational, where buyers are no longer chasing prices at all costs, but choosing carefully based on value, affordability and long-term holding power.
Why landed homes led the market
Landed homes benefited from structural factors that remain unchanged. Land is finite, supply is extremely limited, and demand is often driven by wealth preservation rather than leverage. Buyers in this segment are typically less sensitive to interest rates and short-term price movements.
In 2025, this translated into stronger price growth for landed properties, even as other segments cooled.
👉 Rozi’s Field Notes
Landed homes tend to move on a different rhythm. They do not surge every year, but when they move, it is often quietly and decisively. For families with long-term horizons, this segment continues to act as a store of value rather than a trading asset.
Why non-landed prices softened
Non-landed private homes saw more modest growth, with some segments turning flat or slightly negative on a quarterly basis. This was most evident in the Core Central Region, where prices had already pushed affordability boundaries.
Buyers had more choices due to a healthier pipeline of new launches, and developers responded with competitive pricing strategies to maintain sales momentum.
👉 Rozi’s Field Notes
This is where patience matters. A softer non-landed market gives buyers room to negotiate, compare and prioritise fundamentals like layout efficiency, location longevity and future exit demand, rather than rushing in out of fear of missing out.
What this means heading into 2026
Most analysts expect 2026 to remain a year of moderate growth rather than sharp correction or rapid escalation. Price increases are likely to be steady and uneven across segments, with location, product type and buyer profile playing a bigger role than broad market momentum.
Demand is expected to stay resilient, supported by household formation, upgrader activity and a more stable interest rate environment, while supply continues to be carefully managed.
👉 Rozi’s Field Notes
For 2026, strategy matters more than speed. The market is no longer rewarding blind participation. It is rewarding clarity, whether you are buying for own stay, upgrading, or planning a longer-term asset progression.