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As of September 2025, Singapore's property market shows robust prices with HDB flats averaging $652,700, condominiums at $1,989,000, and landed houses reaching $5,336,900.
The Singapore residential market continues to demonstrate strong fundamentals with steady price growth across all property types, making it one of the most stable real estate markets in Asia for both local and foreign investors.
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.
Singapore property prices vary significantly by type: HDB flats range from $391,500 to $1,528,500, condominiums average $1,989,000 with prices per square foot at $1,972, and landed houses command an average of $5,336,900.
The most expensive areas include Orchard, CBD, and Sentosa Cove, while up-and-coming districts like Jurong East and Woodlands offer better value with strong growth potential.
| Property Type | Average Price (SGD) | Price Range | Price per sq ft |
|---|---|---|---|
| HDB 3-room | $467,000 | $391,500 - $540,000 | N/A |
| HDB 4-room | $793,000 | $540,000 - $1,046,000 | N/A |
| HDB 5-room | $1,089,000 | $649,000 - $1,528,500 | N/A |
| Condominiums | $1,989,000 | $860,000 - $2,921,000+ | $1,972 |
| Landed Houses | $5,336,900 | $2,500,000 - $20,000,000+ | $2,008 |
What's the current average property price in Singapore?
As of September 2025, Singapore's residential property market shows distinct price tiers across different property types.
HDB flats, which form the backbone of Singapore's public housing system, average $652,700 for resale units. The price varies significantly by flat type, with 3-room flats ranging from $391,500 to $540,000, 4-room flats from $540,000 to $1,046,000, and 5-room flats commanding between $649,000 and $1,528,500 depending on location.
Private condominiums average $1,989,000 with a median price of $1,780,000. The average price per square foot stands at $1,972, reflecting the premium nature of private residential developments. Most condominiums in Singapore average 1,027 square feet in size, making them suitable for small families or investment purposes.
Landed houses represent the top tier of Singapore's residential market, averaging $5,336,900 with a median price of $4,200,000. These properties have seen record highs recently, with prices reaching $2,008 per square foot. The average landed house size is 3,138 square feet, offering substantial living space for larger families.
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How do prices differ between HDB flats, condominiums, and landed houses?
The Singapore residential market operates on three distinct tiers with significant price gaps between each category.
HDB flats represent the most affordable option, with strict eligibility criteria for Singaporeans and permanent residents. These government-built apartments range from compact 3-room units at $391,500 in areas like Woodlands to premium 5-room executive flats reaching $1,310,000 in central locations like Bukit Timah. The HDB market serves as Singapore's primary homeownership vehicle, with subsidies and grants available for first-time buyers.
Private condominiums command a significant premium over HDB flats, averaging nearly three times the price. These developments offer amenities like swimming pools, gyms, and security services. Condominium prices vary dramatically by location, from $1,651,000 average in Outside Central Region areas to $2,947,800 in the Core Central Region.
Landed houses represent Singapore's luxury residential segment, with prices starting around $2.5 million and extending beyond $20 million for prime properties. These include terrace houses, semi-detached homes, and detached bungalows, with prices correlating to land size and exclusivity. Foreign buyers can purchase landed houses in specific approved areas, though restrictions apply.
The price progression from HDB to condo to landed reflects Singapore's structured housing ladder, where residents typically upgrade from public housing to private apartments, and eventually to landed properties as their wealth accumulates.
What's the price range in the most popular districts and neighborhoods?
Singapore's property market divides into three main regions with distinct pricing characteristics and investment appeal.
| Region/District | HDB Range (SGD) | Condo Price per sqft | Popular Areas |
|---|---|---|---|
| Core Central Region (CCR) | Limited availability | $2,335+ | Orchard, Marina Bay, CBD |
| Rest of Central Region (RCR) | $800,000 - $1,500,000+ | $2,166 | Tanglin, Katong, Clementi |
| Outside Central Region (OCR) | $400,000 - $900,000 | $1,742 | Punggol, Sengkang, Tampines |
| Prime Districts 9, 10, 11 | Very limited | $3,000+ | Orchard, River Valley, Newton |
| Emerging Areas | $500,000 - $800,000 | $1,400 - $1,800 | Jurong East, Woodlands, Tengah |
| Sentosa Cove | Not applicable | $2,500 - $4,000 | Luxury waterfront living |
| Budget-Friendly OCR | $400,000 - $650,000 | $1,100 - $1,500 | Yishun, Sembawang, Pasir Ris |
How much does price vary depending on surface area or number of bedrooms?
Property prices in Singapore scale significantly with size, though the relationship varies by property type and location.
HDB flats show clear price progression by room count and location. A 3-room flat in Jurong West costs $391,500, while the same unit type in Bishan commands $543,500. Similarly, 4-room flats range from $540,000 in Jurong West to $1,046,000 in Toa Payoh, demonstrating how location premiums can double prices for identical unit sizes.
Condominiums average 1,027 square feet, but size variations create substantial price differences. Smaller units like the 474-square-foot unit at The Tapestry sell for $860,000, while larger 1,518-square-foot units at The Myst command $2,921,000. The price per square foot also increases in prestigious locations, with prime district properties commanding premiums regardless of size.
Landed houses show the most dramatic size-related price variations. Terrace houses typically start around $2.5 million, semi-detached homes average $1,796 per square foot, while detached bungalows reach $1,910 per square foot. Properties on larger land plots or with more bedrooms can easily exceed $10 million, with some prime landed houses selling for over $20 million.
The key factor is that Singapore's land scarcity means larger properties command exponential premiums, not just linear price increases based on size alone.
What's the typical total cost of buying, including fees, taxes, and stamp duties?
Purchasing property in Singapore involves substantial upfront costs beyond the property price, especially for foreign buyers.
The down payment requirement is 25% minimum for most properties, with at least 5% required in cash and the remainder potentially funded through CPF contributions for eligible buyers. For a $2 million condominium, this means $500,000 upfront, though foreign buyers must pay entirely in cash.
Buyer's Stamp Duty (BSD) applies to all property purchases with progressive rates: 1% on the first $180,000, 2% on the next $180,000, 3% on the next $640,000, 4% on the next $500,000, 5% on the next $1.5 million, and 6% on amounts exceeding $3 million. For a $2 million property, BSD totals $64,600.
Additional Buyer's Stamp Duty (ABSD) varies by buyer status: Singapore citizens pay 0% for their first property, permanent residents pay 5% and above, while foreigners face a substantial 60% ABSD. This means a foreign buyer purchasing a $2 million condominium pays an additional $1.2 million in ABSD alone.
Legal and valuation fees typically range from $1,300 to $3,500, covering property valuation, legal documentation, and conveyancing services. For a Singapore citizen buying their first $2 million condominium, total upfront costs reach approximately $568,100, while foreign buyers face over $1.76 million in initial costs.
How much should I expect to pay monthly for mortgage repayments on an average property?
Mortgage repayments in Singapore depend on loan amount, interest rates, and loan tenure, with banks offering up to 75% loan-to-value ratios.
As of September 2025, mortgage interest rates range from 2.5% to 2.75% for both fixed and floating rate packages. Banks typically offer loan tenures up to 35 years, though most borrowers opt for 25-30 year terms to balance monthly payments with total interest costs.
For an average condominium purchase of $1.99 million with a 75% loan ($1.493 million) at 2.7% interest over 25 years, monthly repayments would be approximately $6,800. This calculation assumes stable interest rates and doesn't include monthly maintenance fees, which typically range from $200 to $800 for condominiums.
HDB flat buyers often enjoy lower monthly payments due to smaller loan amounts and potential use of CPF contributions. A $800,000 HDB flat with a $600,000 loan at similar rates would require roughly $2,700 monthly, though CPF contributions can significantly reduce cash outlay.
Buyers should budget for additional monthly costs including property tax, insurance, and maintenance fees, which can add $300 to $1,000 monthly depending on property type and value.
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What are the best options if I want to live there myself, rent out short term, rent out long term, or buy to resell later?
Singapore's property investment strategies vary significantly based on your intended use and regulatory restrictions.
For owner-occupation, Rest of Central Region (RCR) and Outside Central Region (OCR) areas offer the best value combination of accessibility, amenities, and future appreciation potential. Areas like Clementi, Katong, and Tampines provide excellent connectivity to the CBD while maintaining reasonable purchase prices. HDB flats remain attractive for first-time buyers due to government grants and subsidies.
Short-term rental faces strict regulations in Singapore. Condominiums require minimum 3-month rental periods, while HDB flats can only be rented short-term after the Minimum Occupation Period (MOP) with 6-month minimum stays. Core Central Region properties near tourist attractions like Orchard and Marina Bay command the highest short-term rental premiums, though regulatory compliance is essential.
Long-term rental investment works best in OCR and RCR areas near MRT stations, schools, and business districts. Properties in Jurong East, Punggol, and Sengkang attract steady tenant demand from working professionals and families. Rental yields typically range from 3% to 4%, with OCR properties often delivering higher yields due to lower purchase prices.
For resale investment, focus on emerging districts with upcoming infrastructure development. Areas like Jurong East (benefiting from the High-Speed Rail), Woodlands (Cross Border development), and Tengah (new smart town) offer strong capital appreciation potential. Properties near future MRT lines or major development projects typically see 10-20% price increases upon completion.
It's something we develop in our Singapore property pack.
Can you give me some example purchase prices for different property types and areas?
Recent transaction data from Singapore's property market provides clear pricing benchmarks across different areas and property types.
| Property Name/Location | Type | Size (sqft) | Price (SGD) | Price per sqft |
|---|---|---|---|---|
| The Tapestry (Tampines) | Condo | 474 | $860,000 | $1,814 |
| The Inflora (Flora Drive) | Condo | 818 | $1,070,000 | $1,308 |
| The Tre Ver (Potong Pasir) | Condo | 743 | $1,468,000 | $1,976 |
| Gardens at Bishan | Condo | 883 | $1,560,000 | $1,767 |
| Parc Botannia (Fernvale) | Condo | 872 | $1,368,000 | $1,569 |
| The Myst (Bukit Timah) | Condo | 1,518 | $2,921,000 | $1,924 |
| HDB 4-room (Jurong West) | HDB | N/A | $540,000 | N/A |
| HDB 4-room (Toa Payoh) | HDB | N/A | $1,046,000 | N/A |
Which areas are the most expensive, which ones are up-and-coming, and which are more budget friendly?
Singapore's property market divides into clear categories based on location prestige, development stage, and investment potential.
The most expensive areas center around Districts 1, 9, 10, and 11, including Orchard Road, Marina Bay, and the Central Business District. Sentosa Cove commands premium prices for waterfront living, while Bukit Timah and Holland Village represent the pinnacle of landed house values. These areas consistently command over $3,000 per square foot for condominiums and can exceed $20 million for prime landed properties.
Up-and-coming areas offer strong growth potential driven by government development plans and infrastructure investments. Jurong East benefits from the upcoming Malaysia-Singapore High-Speed Rail terminal, while Woodlands sees major development as part of the northern growth corridor. Tengah represents Singapore's first smart town with innovative urban planning, and Bidadari offers a rare new town development in a central location. These areas typically see 8-12% annual price appreciation during development phases.
Budget-friendly options concentrate in mature estates like Yishun, Tampines, and Sembawang, where HDB flats range from $400,000 to $650,000 and condominiums average $1,100 to $1,500 per square foot. Pasir Ris offers coastal living at affordable prices, while Woodlands provides excellent value with future upside potential. These areas serve first-time buyers and investors seeking steady rental yields with lower entry costs.
The key insight is that Singapore's compact size means even "budget" areas remain well-connected, making them viable long-term investments as the city-state continues developing.
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.
What are the smartest choices for buyers right now based on market conditions?
Current market conditions in September 2025 favor strategic buyers who understand Singapore's development cycles and regulatory environment.
Rest of Central Region (RCR) properties represent the optimal balance of growth potential, rental demand, and relative affordability. Areas like Katong, Clementi, and Tanjong Pagar offer proximity to the CBD while maintaining more reasonable entry prices than Core Central Region properties. These locations benefit from established infrastructure while still offering upside potential as Singapore continues densifying.
Outside Central Region (OCR) areas near upcoming MRT lines provide the strongest capital appreciation prospects. Properties in Jurong East, particularly near the future High-Speed Rail terminus, and developments along the upcoming Cross Island Line offer significant infrastructure-driven value increases. The key is purchasing before major transport links become operational.
For owner-occupiers, the current interest rate environment at 2.5-2.75% remains historically favorable, though buyers should prepare for potential rate increases. The government's cooling measures have stabilized prices, creating a more predictable buying environment compared to the rapid appreciation of 2020-2023.
Foreign investors should focus on properties offering strong rental yields to offset the 60% ABSD burden. This typically means OCR condominiums near business parks or universities, where rental demand remains steady and yields can reach 4-5%.
Avoid speculative purchases in oversupplied areas or properties with unusual characteristics that limit resale appeal.
How have property prices changed compared to 5 years ago and compared to last year?
Singapore's property market has experienced substantial growth over both short and medium-term periods, with 2025 showing continued but moderating appreciation.
Over the five-year period from 2019 to 2024, Singapore's property price index increased by approximately 53%, representing an average annual growth rate of 8.8% for private condominiums. This exceptional performance reflected Singapore's successful pandemic management, strong economic recovery, and limited land supply constraints. HDB resale prices similarly showed robust growth, with 4-room flats in central areas appreciating by 40-60% during this period.
Comparing 2024 to 2025, property price growth has moderated but remains positive. Private residential properties increased by 4-7% annually, while HDB resale prices continued growing at approximately 7%. This represents a cooling from the double-digit growth rates of 2021-2022, largely due to government cooling measures and interest rate increases.
The moderation reflects market maturity rather than weakness. Landed house prices continue setting records, with some prime properties achieving over $2,000 per square foot. Condominium prices in desirable locations like Districts 9, 10, and 11 maintain upward momentum, though at a more sustainable pace.
This trend suggests Singapore's property market has transitioned from a rapid appreciation phase to steady, sustainable growth, making it more predictable for long-term investors while reducing speculative activity.
It's something we develop in our Singapore property pack.
What's the forecast for property prices in 1 year, 5 years, and 10 years, and how does Singapore compare with other big global cities?
Singapore's property market outlook remains positive across all time horizons, supported by fundamental supply-demand dynamics and economic stability.
For 2025-2026, analysts project 3-4% annual price growth for private residential properties, driven by continued economic growth and limited new supply in prime locations. HDB prices are expected to grow more moderately at 2-3% annually as government measures maintain affordability. Interest rates may fluctuate, but Singapore's strong fundamentals support steady price appreciation.
The five-year outlook through 2030 anticipates a compound annual growth rate of 4.6%, potentially bringing the total real estate market value to $67.2 billion. This growth will be driven by ongoing urban redevelopment, new MRT lines, and Singapore's position as a regional financial hub. Core Central Region properties may reach $2,700-$3,400 per square foot by 2030 if current trends continue.
Long-term projections through 2035 remain optimistic due to Singapore's land scarcity, continued economic development, and stable political environment. The government's commitment to maintaining homeownership rates above 80% while managing supply carefully supports sustained value appreciation. Smart city initiatives and sustainable development projects will likely create new premium segments.
Compared to other global cities, Singapore offers superior affordability relative to income. Property prices average 4.8 times annual income, compared to 18 times in Hong Kong, 10+ times in London, New York, and Tokyo. This relative affordability, combined with Singapore's stable legal framework and strong currency, positions it favorably against other major financial centers for both investors and residents.
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 property market in September 2025 offers compelling opportunities across all segments, from affordable HDB flats to luxury landed houses.
The combination of steady price appreciation, strong rental demand, and favorable comparison to other global cities makes Singapore an attractive long-term real estate investment destination.
Sources
- PropNex - Average HDB Resale Price Analysis
- 99.co - HDB Resale Price Trends
- BambooRoutes - Average Condo Price Singapore
- SmartWealth - Housing Cost Statistics
- StackedHomes - Record Landed Home Prices
- HomeJourney - Property Prices by District
- IQRate - Regional Property Market Comparison
- SHE Real Estate - Q1 2025 Market Report
- MortgageMaster - Upfront Buying Costs
- The Straits Times - Property Price Trends