What is the average condo price in Singapore?

Last updated on August 26, 2025

Authored by the expert who managed and guided the team behind the Singapore Property Pack

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Singapore's condo market in 2025 shows remarkable resilience with average prices reaching SGD 1.99 million.

As of September 2025, the Singapore condominium market presents both opportunities and challenges for buyers and investors. The nationwide average condo price stands at SGD 1,989,082, with significant variations across different regions and property types. Central areas command premium prices exceeding SGD 2.9 million, while suburban locations offer more accessible entry points around SGD 1.65 million.

If you want to go deeper, you can check our pack of documents related to the real estate market in Singapore, based on reliable facts and data, not opinions or rumors.

Quick Summary:

Singapore's condo market in 2025 shows average prices of SGD 1.99 million with Core Central Region properties commanding the highest premiums.

Foreign buyers face significant additional costs through 60% ABSD while rental yields vary from 3% in prime areas to 3.6% in suburban locations.

Region	Average Price (SGD)	Price per sqft (SGD)	Best For
Core Central Region (CCR)	2,947,829	2,335	Prestige & Stability
Rest of Central Region (RCR)	2,108,867	2,166	Capital Appreciation
Outside Central Region (OCR)	1,650,960	1,742	High Rental Yields
New Launch Condos	2,200+ psf	3,000+ (prime)	Modern Amenities
Resale Condos	1,600+ psf	1,500-1,700 (prime)	Immediate Occupancy
2-Bedroom Units	1.2-2.5 million	Varies by location	First-time Buyers
3-Bedroom Units	2.1 million+	Varies by location	Growing Families

Who is the author of this content?

BAMBOOROUTES

A team specialized in real estate investing in APAC countries (Japan, Thailand, Indonesia, Australia, etc.).

We are a team of financial experts, legal professionals, developers, and local real estate specialists dedicated to helping people like you avoid mistakes when investing in real estate in a foreign place, particularly in Singapore. If you'd like to learn more about us, you can check our presentation page.

How this content was created 🔎📝

At BambooRoutes, we explore the Singapore real estate market every day. Our team doesn't just analyze data from a distance—we're actively engaging with local realtors, investors, and property managers in areas like Marina Bay, Orchard, and Punggol. This hands-on approach allows us to gain a deep understanding of the market from the inside out.

These observations are originally based on what we've learned through these conversations and our observations. But it was not enough. To back them up, we also needed to rely on trusted resources

We prioritize accuracy and authority. Trends lacking solid data or expert validation were excluded.

Trustworthiness is central to our work. Every source and citation is clearly listed, ensuring transparency. A writing AI-powered tool was used solely to refine readability and engagement.

To make the information accessible, our team designed custom infographics that clarify key points. We hope you will like them! All illustrations and media were created in-house and added manually.

What is the current average condo price in Singapore?

As of September 2025, the average condo price in Singapore stands at SGD 1,989,082, with a median price of SGD 1,780,000.

The average price per square foot across Singapore reaches SGD 1,972, based on typical condo units of approximately 1,027 square feet or 95.4 square meters. This represents the overall market average across all regions and property types in the city-state.

These figures reflect the continued strength of Singapore's property market, which has shown consistent growth despite global economic uncertainties. The pricing varies significantly based on location, with Core Central Region properties commanding the highest premiums and suburban areas offering more accessible entry points for buyers.

It's something we develop in our Singapore property pack.

How do condo prices vary across different areas in Singapore?

Singapore's condo market shows dramatic price variations between central and suburban locations, with Core Central Region properties commanding the highest premiums.

Region	Average Price (SGD)	Price per sqft (SGD)
Core Central Region (CCR)	2,947,829	2,335
Rest of Central Region (RCR)	2,108,867	2,166
Outside Central Region (OCR)	1,650,960	1,742
Prime CCR locations	3,500+ psf	2,500-3,500
Suburban OCR areas	1,300-1,800 psf	1,300-1,800

Core Central Region areas like Orchard, Marina Bay, and River Valley typically see luxury condos priced between SGD 2,500 to SGD 3,500 per square foot. These premium locations offer proximity to business districts, shopping centers, and international schools.

Outside Central Region suburbs such as Hougang, Punggol, and Sengkang provide more affordable options at SGD 1,300 to SGD 1,800 per square foot, making them attractive for first-time buyers and investors seeking higher rental yields.

What are the price differences between new launch and resale condos?

New launch condos in Singapore command significant premiums over resale properties, with price gaps often exceeding 30% depending on location and timing.

New launch developments typically start at SGD 2,200 per square foot, with prime area projects often exceeding SGD 3,000 per square foot. These properties offer modern amenities, energy-efficient designs, and progressive payment schemes that spread costs over the construction period.

Resale condos generally start from SGD 1,600 per square foot, with prime area resale units ranging between SGD 1,500 to SGD 1,700 per square foot. While older, these properties offer immediate occupancy and established neighborhoods with mature amenities.

The premium for new launches reflects factors including modern design, latest building technologies, developer warranties, and the prestige of owning a brand-new property. However, resale condos often provide better value for money and established rental markets.

How much does condo pricing vary by size and surface area?

Condo prices in Singapore scale roughly linearly with size, though premium locations and new developments command steeper per-square-foot rates for larger units.

Two-bedroom condos typically range from SGD 1.2 million to SGD 2.5 million depending on location, representing the entry point for most buyers. These units usually span 500 to 800 square feet and remain popular among young professionals and small families.

Three-bedroom condos in suburban areas can be found for SGD 2.1 million or less for larger resale units, offering families more space at competitive prices. Premium three-bedroom units in central locations often exceed SGD 3 million, particularly in new developments.

Larger four-bedroom and penthouse units command significant premiums, with prices often exceeding SGD 5 million in prime locations. These properties target high-net-worth individuals and expatriate families requiring substantial living space.

The per-square-foot pricing tends to increase with unit size in premium developments, as larger units often feature better layouts, views, and exclusive amenities that justify higher premiums.

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What is the total purchase cost including all taxes and fees?

The total cost of purchasing a condo in Singapore extends well beyond the property price, with taxes and fees varying dramatically between citizens and foreigners.

Singaporean citizens buying their first property typically add approximately 2.8% in taxes and fees to the purchase price. For example, on a SGD 1.8 million condo, additional costs would be around SGD 50,000 including stamp duties and legal fees.

Foreign buyers face significantly higher costs due to the 60% Additional Buyer's Stamp Duty (ABSD), adding over SGD 1 million in taxes alone on a SGD 1.8 million property. This makes the effective purchase price nearly SGD 2.9 million for non-residents.

Legal fees typically range from SGD 2,500 to SGD 4,000, plus survey costs of SGD 400 to SGD 600, and insurance premiums of SGD 200 to SGD 500 annually. Monthly maintenance fees add SGD 300 to SGD 800 to ongoing costs depending on the development's amenities.

For a sample SGD 1.5 million condo, Singaporean buyers pay approximately SGD 1,544,600 all-in, while foreign buyers would pay around SGD 2,444,600 including the hefty ABSD surcharge.

What do condo mortgages and monthly payments look like in Singapore?

Singapore condo mortgages typically allow borrowing up to 75% of property value with 30-year tenure, though income requirements and debt servicing ratios impose strict limits.

For a typical mortgage of SGD 1.13 million at 4% interest over 30 years, monthly payments would be approximately SGD 5,371. This calculation assumes a 75% loan-to-value ratio on a SGD 1.5 million property with a SGD 375,000 down payment.

The Total Debt Servicing Ratio (TDSR) caps all debt obligations at 55% of gross monthly income, meaning buyers need substantial earnings to qualify for large mortgages. This translates to minimum monthly income requirements of around SGD 9,800 for the example above.

New launch developments offer progressive payment schemes that reduce upfront cash requirements. Buyers typically pay 5% upon signing, 15% during construction milestones, and the remaining 80% upon completion, spreading costs over 3-4 years.

Interest rates in Singapore remain relatively stable, though buyers should factor potential rate increases into their financial planning. Fixed-rate options provide payment certainty but typically carry slightly higher initial rates than floating-rate mortgages.

Which areas and condo types offer the best long-term value for owner-occupiers?

Core Central Region properties remain blue-chip investments for long-term owner-occupiers, offering prestige, stability, and scarcity value that tends to preserve wealth over time.

Orchard and Bukit Timah areas - Established prestige locations with excellent schools, shopping, and transportation links that maintain strong demand across market cycles.
Marina Bay district - Singapore's premier business and lifestyle hub offering waterfront living with world-class amenities and infrastructure.
City-fringe RCR areas - Rest of Central Region locations showing robust demand and often delivering the best capital appreciation, with 6.5% price growth in 2024 and 39.1% over five years.
Emerging neighborhoods like Tengah - "The Forest Town" development promises sustainable living with innovative urban planning and future growth potential.
Well-connected suburban areas - Locations near MRT stations in Woodlands, Paya Lebar, and Jurong Lake District offer strong fundamentals for long-term growth.

The best long-term value typically comes from larger, well-maintained resale condos in fringe or emerging areas with excellent connectivity. These properties combine affordability with growth potential as Singapore's urban development spreads outward.

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What are the rental returns for short-term versus long-term condo rentals?

Singapore condo rental yields vary significantly by location and rental strategy, with suburban properties generally offering higher yields than prime central locations.

Suburban Outside Central Region areas like Hougang and Punggol can achieve rental yields up to 3.6%, making them attractive for investors seeking steady income. Central and prime locations typically yield around 3% to 3.2% due to higher property prices relative to rental rates.

Districts showing particularly high rental yields include Anson, Tanjong Pagar, and Woodlands, where strong tenant demand meets relatively more affordable property prices. These areas benefit from good transportation links and employment centers.

Short-term rentals can generate higher nightly income but involve significantly more management effort, higher operational costs, and greater vacancy risks. Many condo developments also restrict short-term letting arrangements under six months.

Long-term rentals provide more stable returns with lower maintenance requirements, making them preferable for passive investors. The rental market remains strong due to Singapore's expatriate population and foreign worker requirements.

infographics rental yields citiesSingapore

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 areas show the strongest potential for property price appreciation?

Rest of Central Region areas currently lead Singapore's property appreciation, showing the highest growth rates over recent years driven by upgraders and proximity advantages.

RCR areas have delivered the strongest performance with 39.1% appreciation over five years, significantly outpacing both Core Central Region (14.7%) and Outside Central Region (38.1%) properties. This reflects strong demand from HDB upgraders and professionals seeking central accessibility at relatively lower prices.

Prime CCR locations are showing signs of recovery with likely steady price growth as demand returns despite foreign buyer restrictions. These areas benefit from scarcity value and international appeal that supports long-term appreciation.

Emerging districts including Jurong Lake District, Tengah, and Woodlands show the best prospects for outsized future gains. Government investment in these areas through new MRT lines, commercial developments, and urban planning initiatives should drive significant value creation.

Paya Lebar's transformation into a major commercial hub and Jurong's designation as Singapore's second Central Business District position these areas for substantial long-term growth as development plans materialize over the next decade.

What are some concrete examples of recent condo purchase prices?

Recent condo transactions across Singapore demonstrate the significant price variations between locations, sizes, and development types as of September 2025.

Project/Location	Size (sqft)	Sale Price (SGD)	Price per sqft (SGD)
The Tapestry (Tampines)	474	860,000	1,814
The Inflora (Flora Drive)	818	1,070,000	1,308
The Tre Ver (Potong Pasir)	743	1,468,000	1,976
The Gardens at Bishan	883	1,560,000	1,767
Parc Botannia (Fernvale)	872	1,368,000	1,569
The Myst (Bukit Timah) - Large	1,518	2,921,000	1,924
The Myst (Bukit Timah) - Standard	850	1,891,000	2,225

These examples illustrate how location and development quality significantly impact pricing, with suburban projects like The Inflora offering entry-level pricing while prestigious developments like The Myst command premium rates despite similar per-square-foot costs.

Which areas are expensive, which are emerging hotspots, and which remain budget-friendly?

Singapore's condo market clearly segments into distinct price tiers, with established premium areas commanding the highest prices and emerging districts offering future growth potential.

Most Expensive Areas:

Marina Bay - Singapore's premier waterfront district with luxury condos exceeding SGD 3,500 per square foot
Orchard Road - The shopping and entertainment capital with established prestige pricing between SGD 2,500-3,500 per square foot
Tanglin and River Valley - Traditional expatriate enclaves offering premium lifestyle amenities at comparable pricing levels
Bukit Timah - Prime residential area near prestigious schools and embassies with similar premium pricing

Emerging Hotspots with Growth Potential:

Tengah "Forest Town" - Singapore's first smart town featuring sustainable design and innovative urban planning
Woodlands - Benefiting from improved connectivity and proximity to Malaysia for cross-border opportunities
Paya Lebar - Transforming into a major commercial hub with significant government and private investment
Jurong Lake District - Designated as Singapore's second CBD with massive infrastructure development planned

Budget-Friendly Areas for Entry-Level Buyers:

Hougang and Punggol - Established suburban areas offering SGD 1,300-1,800 per square foot with good amenities
Yishun and Sengkang - Family-friendly locations with excellent value proposition and strong rental demand
Woodlands - Currently affordable but positioned for future growth due to development plans

It's something we develop in our Singapore property pack.

How have condo prices changed and what are the future forecasts?

Singapore's condo market has shown remarkable resilience over the past five years, with private condo prices rising 32% from 2019 to 2024 despite global economic uncertainties.

The five-year price appreciation varies significantly by region, with Rest of Central Region condos leading at 39.1% growth, followed closely by Outside Central Region properties at 38.1%. Core Central Region properties showed more modest but steady growth of 14.7%, reflecting their established premium status.

In 2024 alone, condo prices increased by 3.9% overall, with some sources reporting median growth of 5.9%, demonstrating continued market strength despite cooling measures and economic headwinds.

For 2025, market analysts project continued price growth of 3-4%, supported by limited supply, steady demand, and Singapore's strong economic fundamentals. The government's measured approach to property cooling measures suggests sustained but controlled growth.

Long-term forecasts through 2030 predict new home prices reaching SGD 2,300-2,900 per square foot, representing a compound annual growth rate of 1.5-3.2% through 2035. This moderate growth reflects Singapore's maturing property market and government efforts to maintain affordability.

Compared to other global cities, Singapore remains pricier than most Asian markets except Hong Kong, but still more affordable than London, New York, and other prime international luxury property markets, positioning it as a relatively attractive investment destination for global buyers.

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 presents a mature yet dynamic investment landscape with clear opportunities across different price segments and geographic areas.

While foreign buyer taxes create significant barriers, the combination of political stability, strong rental demand, and strategic urban development makes Singapore condos attractive for both owner-occupiers and investors willing to take a long-term view.