ShiokNest Monthly Market Report — December 2025

Market Report Updated
Key Takeaways
  • Total of 8,736 transactions recorded in December 2025 (+7.8% MoM).
  • Median sale price per square foot: $1,858, down 3.3% from last month.
  • Median monthly rent: $4,300 (-2.3% MoM).
  • Most active district: District 19 (Serangoon Garden, Hougang, Punggol) with 235 sales.
  • Highest gross yield: 2.76% in the OCR segment.

Based on URA REALIS data, the Singapore private residential market recorded 8,736 total transactions in December 2025, up 7.8% from the previous month. Sales volume stood at 1,526 units with a median price of $1,858 per square foot, while the rental market saw 7,210 leases at a median rent of $4,300/month. For an overview of the buying process, see our Buying Property in Trust for Your Child — Legal Risks & ABSD.

Highest-Value Transactions

The top 5 transactions by total price in December 2025:

ProjectDistrictPricePSFSize (sqft)Type
LANDED HOUSING DEVELOPMENTD10$148,000,000$1,84080,447Resale
DALVEY VILLASD10$41,600,000$2,67415,555Resale
WINDSOR PARKD20$24,156,000$1,37117,616Resale
21 ANDERSOND10$23,300,000$5,1914,489New Sale
LANDED HOUSING DEVELOPMENTD11$17,188,000$3,5234,878Resale

Key Figures at a Glance

1,526
Sales Transactions
↓ 11.6% MoM
$1,858
Median PSF
↓ 3.3% MoM
$1,877,500
Median Transaction Price
7,210
Rental Leases
↑ 13.0% MoM
$4,300
Median Rent
↓ 2.3% MoM
2.76%
Best Gross Yield (OCR)

Sales Market Deep Dive

The private residential sales market recorded 1,526 transactions in December 2025, representing a decrease of 11.6% month-on-month and down 16.7% year-on-year. The median price per square foot was $1,858 (down 3.3% MoM), while the median transaction price stood at $1,877,500.

Transaction Mix: Resale: 1,236 (81%) · New Sale: 232 (15.2%) · Sub Sale: 58 (3.8%)

Segment Performance: CCR, RCR & OCR

Performance across Singapore's three market segments shows differentiated pricing and demand patterns. See our CCR, RCR, OCR: Singapore's Market Segments for segment definitions.

SegmentSales Vol.Median PSFRentalsMedian RentGross Yield
CCR (Core Central Region)210$2,2602,042$5,6502.62%
RCR (Rest of Central Region)522$2,1882,320$4,4002.35%
OCR (Outside Central Region)794$1,5992,848$3,8692.76%

For a deeper comparison, see Developer Track Record — Which Developers Deliver the Best Returns?.

Top Districts by Activity

The most active districts by sales volume in December 2025:

DistrictAreaSegmentTransactionsMedian PSF
District 19 (Serangoon Garden, Hougang, Punggol)Serangoon Garden, Hougang, PunggolOCR235$1,656
District 15 (Katong, Joo Chiat, Amber Road)Katong, Joo Chiat, Amber RoadRCR131$2,390
District 18 (Tampines, Pasir Ris)Tampines, Pasir RisOCR99$1,517
District 10 (Ardmore, Bukit Timah, Holland Road, Tanglin)Ardmore, Bukit Timah, Holland Road, TanglinCCR97$2,283
District 5 (Pasir Panjang, Hong Leong Garden, Clementi New Town)Pasir Panjang, Hong Leong Garden, Clementi New TownRCR90$2,049

Notable Transactions

The highest-value transactions by price per square foot in December 2025:

ProjectDistrictPSFPriceSize (sqft)Type
21 ANDERSOND10$5,191$23,300,0004,489New Sale
EMERALD HILL CONSERVATION AREAD9$5,136$6,800,0001,324Resale
LANDED HOUSING DEVELOPMENTD15$4,488$5,300,0001,181Resale
LANDED HOUSING DEVELOPMENTD15$4,488$5,300,0001,181Resale
LANDED HOUSING DEVELOPMENTD15$4,488$5,300,0001,181Resale
THOMSON GARDEN ESTATED20$4,466$3,990,000893Resale
EDEN PARKD10$4,461$14,169,0003,176Resale
LANDED HOUSING DEVELOPMENTD15$4,075$7,500,0001,841Resale
LANDED HOUSING DEVELOPMENTD15$4,075$7,500,0001,841Resale
LANDED HOUSING DEVELOPMENTD9$3,995$7,500,0001,877Resale

Rental Market Snapshot

The rental market recorded 7,210 leases in December 2025, up 13.0% month-on-month. The median monthly rent was $4,300 (down 2.3% MoM).

Median Rent by Bedroom Type:

TypeMedian Rent
1BR$3,300
2BR$4,000
3BR$5,300
4BR$8,500
5BR$13,000
8BR$9,000
NA$5,500

Most Active Rental Projects:

ProjectLeases
LANDED HOUSING DEVELOPMENT125
NON-LANDED HOUSING DEVELOPMENT87
NORMANTON PARK65
THE SAIL @ MARINA BAY47
D'LEEDON45

Planning to rent? Check out our How to Calculate Buy-to-Rent ROI.

6-Month Price Trends

Tracking median PSF and rent over the past six months reveals the underlying trend beyond monthly noise.

MonthMedian PSFMedian Rent
2025-07$1,973$4,500
2025-08$2,138$4,500
2025-09$1,846$4,350
2025-10$2,550$4,400
2025-11$1,922$4,400
2025-12$1,858$4,300

Market volatility assessment: Volatile (based on 6-month coefficient of variation of median PSF).

Supply & Demand Signals

Primary vs Secondary Market: New launches accounted for 232 units (15.2% of total), while resales made up 1,236 transactions and 58 sub-sales were recorded.

Unit Size Demand: 5BR+: 193 (12.6%) · 4BR: 281 (18.4%) · 3BR: 473 (31%) · 1BR: 208 (13.6%) · 2BR: 289 (18.9%) · Studio: 82 (5.4%)

Price Distribution: $500K-1M: 122 · $1M-1.5M: 339 · $1.5M-2M: 360 · $2M-3M: 322 · $3M+: 383

Explore our latest Condos with Best Views in District 17 (Loyang, Changi) for featured developments.

Outlook & What to Watch

In 2025, the market is adjusting to a normalising interest rate environment as MAS SORASORA rates gradually ease from their peak, supporting buyer sentiment.

Key takeaways for December 2025:

  • Prices have softened with median PSF falling 3.3% month-on-month.
  • Rental rates have eased with median rent down 2.3% MoM.
  • The resale market remained the primary source of transactions, indicating steady demand for existing stock.
  • The CCR-to-OCR price premium stands at approximately 41%, near historical averages.

Useful resources: How to Use the End-to-End Investment Calculator · CCR, RCR, OCR: Singapore's Market Segments

Bedroom Type Analysis

Prices and rents broken down by unit type help buyers identify value across different bedroom configurations.

BedroomMedian Sale PriceMedian RentEst. Gross Yield
0$822,500----
1$1,304,444----
1BR--$3,300/mo--
2$1,525,000----
2BR--$4,000/mo--
3$1,900,000----
3BR--$5,300/mo--
4$3,200,000----
4BR--$8,500/mo--
5$5,008,888----
5BR--$13,000/mo--
8BR--$9,000/mo--
NA--$5,500/mo--

Yields are gross estimates: (monthly rent × 12) / median sale price. Actual net yields vary with maintenance, taxes, and vacancy.

Useful Resources

Official Sources: URA · URA REALIS · MAS · SORA Rates · BSD Rates · ABSD Rates · CPF Housing

Methodology & Sources

This report is compiled from transaction data published by the Urban Redevelopment Authority (URA) via the REALIS system. Median values are used throughout to minimise the impact of outliers from exceptionally high or low transactions. Month-on-month (MoM) and year-on-year (YoY) changes compare like-for-like periods.

Gross rental yield is calculated as (median monthly rent × 12) / median transaction price. Market segment classifications follow URA definitions: CCR (Core Central Region), RCR (Rest of Central Region), and OCR (Outside Central Region). Interest rate references use the Singapore Overnight Rate Average (SORA) published by MAS. Stamp duty rates reference IRAS BSD and ABSD schedules.

Data coverage: 692 condos with sales data and 1721 with rental data out of 3429 tracked properties for December 2025.