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Singapore's condo market in 2025 shows strong fundamentals with average prices reaching SGD 1.99 million and steady growth across all regions.
Current condo prices vary significantly by location, with Core Central Region properties commanding premium rates while Outside Central Region offers value opportunities for buyers and investors.
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As of June 2025, Singapore condo prices average SGD 1.99 million with psf rates around SGD 1,972, showing 5.9% annual growth.
Regional variations are significant, with Core Central Region commanding highest prices while Outside Central Region offers the best value for money.
| Key Metric | Current Value (2025) | Growth Rate |
|---|---|---|
| Average Condo Price | SGD 1,989,082 | +5.9% YoY |
| Average Price per sq ft | SGD 1,972 | +5.9% YoY |
| Core Central Region | SGD 2,335 psf | +5.9% YoY |
| Rest of Central Region | SGD 2,166 psf | +5.7% YoY |
| Outside Central Region | SGD 1,742 psf | +6.0% YoY |
| Down Payment Required | 25% minimum | Unchanged |
| Foreigner ABSD Rate | 60% | Unchanged |
What's the current average price of a condo in Singapore?
The average condo price in Singapore reaches SGD 1,989,082 as of June 2025.
The median price sits at SGD 1,780,000, indicating that half of all condo transactions occur below this threshold. Price per square foot averages SGD 1,972, translating to SGD 21,231 per square meter.
The typical condo size measures approximately 1,027 square feet or 95.4 square meters. These figures represent a 5.9% increase compared to the same period in 2024, demonstrating continued strength in the Singapore residential property market.
Regional variations significantly impact these averages, with Core Central Region properties commanding premium rates while Outside Central Region offers more accessible entry points for buyers.
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How do condo prices vary between different regions?
Singapore condo prices show substantial regional variations based on location and accessibility to business districts.
| Region | Average Price (SGD) | Price per sq ft (SGD) |
|---|---|---|
| Core Central Region | 2,947,829 | 2,335 |
| Rest of Central Region | 2,108,867 | 2,166 |
| Outside Central Region | 1,650,960 | 1,742 |
| Overall Average | 1,989,082 | 1,972 |
What are the average condo prices per square foot across regions?
Price per square foot varies dramatically across Singapore's three main regions in 2025.
Core Central Region commands the highest rates at SGD 2,335 per square foot, reflecting premium locations in areas like Orchard Road, Marina Bay, and the Central Business District. Rest of Central Region follows at SGD 2,166 per square foot, offering balanced accessibility and value.
Outside Central Region provides the most affordable option at SGD 1,742 per square foot, though still experiencing the highest growth rate at 6.0% year-over-year. This regional price structure reflects Singapore's urban planning and transportation accessibility patterns.
The average unit size also differs by region, with Core Central Region condos averaging 1,277 square feet, while Outside Central Region units typically measure 980 square feet.
What's the total cost of buying a condo including all fees?
The total upfront cost for buying a condo in Singapore extends well beyond the purchase price due to various taxes and fees.
Buyer's Stamp Duty applies to all purchases with rates ranging from 1% to 6% depending on property value. For a SGD 2 million condo, this amounts to approximately SGD 64,600. Additional Buyer's Stamp Duty varies significantly based on buyer status and property count.
Singapore Citizens pay 0% ABSD for their first property, 20% for second properties, and 30% for third properties. Permanent Residents face 5% for first properties and 30% for subsequent ones. Foreigners pay 60% ABSD regardless of property count.
Legal fees typically range from SGD 1,300 to SGD 3,000, while property valuation costs SGD 200 to SGD 500. For a SGD 2 million condo purchased by a Singapore Citizen as their first property, total upfront costs reach approximately SGD 568,100 including the 25% down payment.
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How much do I need for a down payment and what are mortgage terms?
Singapore requires a minimum 25% down payment for condo purchases, with at least 5% paid in cash and the remainder eligible from CPF funds.
Banks offer up to 75% loan-to-value financing subject to eligibility criteria and income assessment. Current mortgage rates in 2025 range from 2.5% to 2.75% for floating rates based on SORA (Singapore Overnight Rate Average).
Loan tenure extends up to 35 years depending on borrower age and property type. The Mortgage Servicing Ratio requires monthly repayments to remain below 30% of gross monthly income, ensuring borrowers maintain financial stability.
For a SGD 2 million condo, buyers need SGD 500,000 as down payment, can borrow up to SGD 1.5 million, and face monthly repayments of approximately SGD 6,800 at current interest rates.
How have condo prices changed over the past years?
Singapore condo prices demonstrate consistent upward momentum over both short and long-term periods.
The past year shows solid growth with overall prices increasing 5.9% from 2024 to 2025. Core Central Region and Rest of Central Region both gained 5.9% and 5.7% respectively, while Outside Central Region led with 6.0% growth.
Over the five-year period, Singapore's residential property price index surged approximately 52.9%, representing an average annual growth rate of about 8.8%. This substantial appreciation reflects Singapore's strong economic fundamentals and limited land supply.
Quarterly data for Q1 2025 shows 0.81% quarter-over-quarter growth and 3.33% year-over-year increase for all private residential properties, indicating sustained but moderate price expansion.
What's the forecast for condo prices in the coming years?
Singapore condo price forecasts suggest continued but moderated growth through the next decade.
For 2025, analysts predict 3% to 4% price increases based on current market conditions and government cooling measures. This represents a slight deceleration from recent years as the market matures.
By 2030, new private homes could average SGD 2,300 to SGD 2,900 per square foot, compared to the current SGD 2,000 average. This projection assumes continued economic growth and controlled supply releases.
Looking toward 2035, if current trends continue with a 1.5% to 3.2% compound annual growth rate, prices may reach SGD 2,700 to SGD 3,400 per square foot. However, government policies and global economic conditions will significantly influence these long-term projections.
What are some real examples of recent condo sale prices?
Recent condo transactions across Singapore provide concrete examples of current market pricing in various neighborhoods.
| Project/Location | Size (sq ft) | Sale Price (SGD) |
|---|---|---|
| The Tapestry (Tampines) | 474 | 860,000 |
| The Inflora (Flora Drive) | 818 | 1,070,000 |
| The Tre Ver (Potong Pasir) | 743 | 1,468,000 |
| The Gardens at Bishan | 883 | 1,560,000 |
| Parc Botannia (Fernvale) | 872 | 1,368,000 |
| The Myst (Bukit Timah) | 1,518 | 2,921,000 |
| The Myst (Bukit Timah) | 850 | 1,891,000 |
What are the smartest areas to invest in for future resale value?
Rest of Central Region emerges as the smartest investment choice for future resale value in 2025.
This region demonstrates the strongest recent growth while maintaining balanced pricing and accessibility. RCR properties benefit from excellent transport connectivity and established amenities without the premium pricing of Core Central Region.
Outside Central Region also presents compelling opportunities, particularly for upgraders and first-time buyers. OCR recorded the highest year-over-year price growth at 6.0% and offers potential for continued appreciation as infrastructure develops.
Specific emerging areas include Jurong East with new developments and improved connectivity, Lentor benefiting from upcoming MRT stations, and city fringe locations positioned for infrastructure upgrades. Core Central Region remains preferred for luxury investments and long-term value preservation, especially in prime districts with new launches.
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We did some research and made this infographic to help you quickly compare rental yields of the major cities in Singapore versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you're planning to invest there.
Which neighborhoods are most expensive, affordable, and up-and-coming?
Singapore's condo neighborhoods fall into distinct price categories reflecting their development status and location advantages.
Most expensive neighborhoods cluster in the Core Central Region, including Orchard Road, Central Business District, Marina Bay, and Sentosa Cove. These areas command premium prices due to prestige, accessibility, and established infrastructure.
Most affordable options concentrate in the Outside Central Region, particularly Yishun, Woodlands, Pasir Ris, and Tampines. These neighborhoods offer value for money while maintaining good connectivity to the city center.
Up-and-coming areas present the best growth potential, led by Jurong East with its expanding business district and new developments. Lentor benefits from upcoming MRT connectivity, while East Coast and various city fringe areas gain from new transportation lines and urban renewal projects.
What are the best condo options for different strategies?
Optimal condo choices depend significantly on your intended use and investment strategy.
For owner-occupiers, Rest of Central Region and Outside Central Region provide the best balance of value, amenities, and accessibility to work and lifestyle centers. These areas offer quality living without Core Central Region premiums.
Short-term rental strategies favor Core Central Region and Rest of Central Region properties, especially near business hubs and expatriate communities. However, investors must comply with Urban Redevelopment Authority regulations regarding short-term rentals.
Long-term rental investments perform well in Outside Central Region and Rest of Central Region, particularly near schools, shopping centers, and MRT stations where tenant demand remains consistent.
Property flipping strategies benefit from new launches in Rest of Central Region and Outside Central Region with high take-up rates and upcoming infrastructure developments that can drive future appreciation.
How do Singapore condo prices compare with other major cities?
Singapore's condo market positions itself competitively among global financial centers in 2025.
| City | Average Price per sq ft (SGD) | Market Position |
|---|---|---|
| Hong Kong | 3,500 - 4,500 | Most expensive globally |
| New York (Manhattan) | 2,800 - 4,000 | Premium new developments |
| London (Prime Central) | 2,500 - 3,500 | Established luxury market |
| Tokyo (Central) | 1,800 - 2,500 | Major Asian hub |
| Singapore | 2,000 | Stable premium market |
Conclusion
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
Singapore's condo market in 2025 demonstrates resilience with steady growth across all regions and continued investor confidence.
While Core Central Region maintains its premium status, Outside Central Region and Rest of Central Region offer compelling value propositions for both homebuyers and investors seeking growth potential.
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Sources
- Smart Wealth - Average House Price Singapore
- BambooRoutes - Singapore Average Condo Prices
- Mortgage Master - Buying House Upfront Cost
- PropertyGuru - Upfront Condo Costs
- MoneySmart - Condo Down Payment Singapore
- 99.co - Condo Resale Market April 2025
- Global Property Guide - Singapore Price Change 5 Years
- Real Estate Asia - Singapore Private Home Prices 2025
- SquareFoot - Latest Condo Transactions
- IRAS - Buyer's Stamp Duty