- Total of 10,461 transactions recorded in March 2025 (+12.7% MoM).
- Median sale price per square foot: $1,798, down 21.3% from last month.
- Median monthly rent: $4,300 (-2.3% MoM).
- Most active district: District 18 (Tampines, Pasir Ris) with 816 sales.
- Highest gross yield: 2.8% in the OCR segment.
Based on URA REALIS data, the Singapore private residential market recorded 10,461 total transactions in March 2025, up 12.7% from the previous month. Sales volume stood at 3,200 units with a median price of $1,798 per square foot, while the rental market saw 7,261 leases at a median rent of $4,300/month. For an overview of the buying process, see our HDB Upgrader Financial Planning: From HDB to Condo.
Highest-Value Transactions
The top 5 transactions by total price in March 2025:
| Project | District | Price | PSF | Size (sqft) | Type |
|---|---|---|---|---|---|
| LANDED HOUSING DEVELOPMENT | D10 | $45,800,000 | $2,929 | 15,636 | Resale |
| CORONATION VILLE | D10 | $22,500,000 | $2,336 | 9,632 | Resale |
| LANDED HOUSING DEVELOPMENT | D11 | $21,500,000 | $2,338 | 9,197 | Resale |
| LANDED HOUSING DEVELOPMENT | D15 | $21,000,000 | $2,068 | 10,155 | Resale |
| LANDED HOUSING DEVELOPMENT | D15 | $18,100,000 | $3,515 | 5,149 | Resale |
Key Figures at a Glance
Sales Market Deep Dive
The private residential sales market recorded 3,200 transactions in March 2025, representing an increase of 4.7% month-on-month and up 45.3% year-on-year. The median price per square foot was $1,798 (down 21.3% MoM), while the median transaction price stood at $1,731,000.
Transaction Mix: Resale: 1,644 (51.4%) · New Sale: 1,444 (45.1%) · Sub Sale: 112 (3.5%)
Segment Performance: CCR, RCR & OCR
Performance across Singapore's three market segments shows differentiated pricing and demand patterns.
| Segment | Sales Vol. | Median PSF | Rentals | Median Rent | Gross Yield |
|---|---|---|---|---|---|
| CCR (Core Central Region) | 312 | $2,307 | 2,227 | $5,400 | 2.38% |
| RCR (Rest of Central Region) | 657 | $2,002 | 2,414 | $4,300 | 2.45% |
| OCR (Outside Central Region) | 2,231 | $1,768 | 2,620 | $3,850 | 2.8% |
For a deeper comparison, see Old vs New TOP: How Age Affects Pricing.
Top Districts by Activity
The most active districts by sales volume in March 2025:
| District | Area | Segment | Transactions | Median PSF |
|---|---|---|---|---|
| District 18 (Tampines, Pasir Ris) | Tampines, Pasir Ris | OCR | 816 | $1,762 |
| District 26 (Upper Thomson, Springleaf) | Upper Thomson, Springleaf | OCR | 491 | $2,209 |
| District 19 (Serangoon Garden, Hougang, Punggol) | Serangoon Garden, Hougang, Punggol | OCR | 268 | $1,637 |
| District 15 (Katong, Joo Chiat, Amber Road) | Katong, Joo Chiat, Amber Road | RCR | 171 | $2,021 |
| District 23 (Hillview, Dairy Farm, Bukit Panjang, Choa Chu Kang) | Hillview, Dairy Farm, Bukit Panjang, Choa Chu Kang | OCR | 147 | $1,492 |
Notable Transactions
The highest-value transactions by price per square foot in March 2025:
| Project | District | PSF | Price | Size (sqft) | Type |
|---|---|---|---|---|---|
| BLAIR PLAIN CONSERVATION AREA | D2 | $4,446 | $6,633,333 | 1,492 | Resale |
| ARDMORE PARK | D10 | $4,091 | $11,800,000 | 2,885 | Resale |
| LANDED HOUSING DEVELOPMENT | D11 | $3,945 | $10,022,000 | 2,540 | New Sale |
| LLOYD SIXTYFIVE | D9 | $3,801 | $2,700,000 | 710 | Resale |
| THE AVENIR | D9 | $3,739 | $9,016,000 | 2,411 | New Sale |
| 19 NASSIM | D10 | $3,716 | $2,000,000 | 538 | New Sale |
| HILLTOPS | D9 | $3,643 | $6,235,000 | 1,711 | Resale |
| THE AVENIR | D9 | $3,608 | $2,990,000 | 829 | New Sale |
| THE AVENIR | D9 | $3,591 | $2,976,000 | 829 | New Sale |
| MIDTOWN BAY | D7 | $3,561 | $1,610,000 | 452 | New Sale |
Rental Market Snapshot
The rental market recorded 7,261 leases in March 2025, up 16.7% month-on-month. The median monthly rent was $4,300 (down 2.3% MoM).
Median Rent by Bedroom Type:
| Type | Median Rent |
|---|---|
| 1BR | $3,300 |
| 2BR | $4,100 |
| 3BR | $5,200 |
| 4BR | $8,200 |
| 5BR | $10,250 |
| 6BR | $3,650 |
| 8BR | $11,000 |
| NA | $5,000 |
Most Active Rental Projects:
| Project | Leases |
|---|---|
| NON-LANDED HOUSING DEVELOPMENT | 139 |
| LANDED HOUSING DEVELOPMENT | 132 |
| ONE PEARL BANK | 51 |
| NORMANTON PARK | 45 |
| D'LEEDON | 42 |
Planning to rent? Check out our Buy vs Rent: Finding Your Break-Even Point.
6-Month Price Trends
Tracking median PSF and rent over the past six months reveals the underlying trend beyond monthly noise.
| Month | Median PSF | Median Rent |
|---|---|---|
| 2024-10 | $1,942 | $4,300 |
| 2024-11 | $2,431 | $4,350 |
| 2024-12 | $1,719 | $4,300 |
| 2025-01 | $2,253 | $4,350 |
| 2025-02 | $2,284 | $4,400 |
| 2025-03 | $1,798 | $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 1,444 units (45.1% of total), while resales made up 1,644 transactions and 112 sub-sales were recorded.
Unit Size Demand: 5BR+: 287 (9%) · 4BR: 374 (11.7%) · 3BR: 979 (30.6%) · 2BR: 1,022 (31.9%) · 1BR: 375 (11.7%) · Studio: 163 (5.1%)
Price Distribution: $500K-1M: 212 · $1M-1.5M: 706 · $1.5M-2M: 1,100 · $2M-3M: 706 · $3M+: 476
Explore our latest Condos with Best Views in District 9 (Orchard, Cairnhill, River Valley) 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 March 2025:
- Prices have softened with median PSF falling 21.3% 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 31%, near historical averages.
Useful resources: How to Use the Mortgage Calculator · SSD Explained: Seller's Stamp Duty and Holding Periods
Bedroom Type Analysis
Prices and rents broken down by unit type help buyers identify value across different bedroom configurations.
| Bedroom | Median Sale Price | Median Rent | Est. Gross Yield |
|---|---|---|---|
| 0 | $918,666 | -- | -- |
| 1 | $1,286,000 | -- | -- |
| 1BR | -- | $3,300/mo | -- |
| 2 | $1,560,000 | -- | -- |
| 2BR | -- | $4,100/mo | -- |
| 3 | $1,980,088 | -- | -- |
| 3BR | -- | $5,200/mo | -- |
| 4 | $2,937,000 | -- | -- |
| 4BR | -- | $8,200/mo | -- |
| 5 | $4,950,000 | -- | -- |
| 5BR | -- | $10,250/mo | -- |
| 6BR | -- | $3,650/mo | -- |
| 8BR | -- | $11,000/mo | -- |
| NA | -- | $5,000/mo | -- |
Yields are gross estimates: (monthly rent × 12) / median sale price. Actual net yields vary with maintenance, taxes, and vacancy.
Useful Resources
- How to Use the Mortgage Calculator
- How to Check TDSR and MSR Affordability
- HDB Upgrader Financial Planning: From HDB to Condo
- Bayshore Guide — Waterfront Living by East Coast Park
- How to Check MCST Fees Before Buying a Condo
- Conveyancing Process Explained — What Your Lawyer Does
- SSD Explained: Seller's Stamp Duty and Holding Periods
- Capital Gains and Appreciation: How Values Grow
- TDSR and MSR: Singapore's Borrowing Limits
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: 818 condos with sales data and 1657 with rental data out of 3429 tracked properties for March 2025.