ShiokNest Monthly Market Report — November 2025

Market Report Updated
Key Takeaways
  • Total of 8,107 transactions recorded in November 2025 (-26.4% MoM).
  • Median sale price per square foot: $1,922, down 24.6% from last month.
  • Median monthly rent: $4,400 (+0.0% MoM).
  • Most active district: District 19 (Serangoon Garden, Hougang, Punggol) with 214 sales.
  • Highest gross yield: 2.76% in the OCR segment.

Based on URA REALIS data, the Singapore private residential market recorded 8,107 total transactions in November 2025, down 26.4% from the previous month. Sales volume stood at 1,727 units with a median price of $1,922 per square foot, while the rental market saw 6,380 leases at a median rent of $4,400/month. For an overview of the buying process, see our Strata Office Investment Guide — Yields, Risks & 2026 Outlook.

Highest-Value Transactions

The top 5 transactions by total price in November 2025:

ProjectDistrictPricePSFSize (sqft)Type
CAMDEN PARKD11$48,000,000$1,60429,921Resale
LANDED HOUSING DEVELOPMENTD21$30,000,000$1,84316,278Resale
LANDED HOUSING DEVELOPMENTD10$26,800,000$2,27111,802Resale
LANDED HOUSING DEVELOPMENTD11$24,788,000$2,5169,851Resale
LANDED HOUSING DEVELOPMENTD15$21,500,000$2,2899,395Resale

Key Figures at a Glance

1,727
Sales Transactions
↓ 56.8% MoM
$1,922
Median PSF
↓ 24.6% MoM
$1,950,000
Median Transaction Price
6,380
Rental Leases
↓ 9.0% MoM
$4,400
Median Rent
↑ 0.0% MoM
2.76%
Best Gross Yield (OCR)

Sales Market Deep Dive

The private residential sales market recorded 1,727 transactions in November 2025, representing a decrease of 56.8% month-on-month and down 59.9% year-on-year. The median price per square foot was $1,922 (down 24.6% MoM), while the median transaction price stood at $1,950,000.

Transaction Mix: Resale: 1,315 (76.1%) · New Sale: 345 (20%) · Sub Sale: 67 (3.9%)

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)224$2,2901,930$5,7002.44%
RCR (Rest of Central Region)677$2,2652,063$4,5002.39%
OCR (Outside Central Region)826$1,6182,387$3,8002.76%

For a deeper comparison, see East vs West vs North vs Central: Regional Compare.

Top Districts by Activity

The most active districts by sales volume in November 2025:

DistrictAreaSegmentTransactionsMedian PSF
District 19 (Serangoon Garden, Hougang, Punggol)Serangoon Garden, Hougang, PunggolOCR214$1,628
District 15 (Katong, Joo Chiat, Amber Road)Katong, Joo Chiat, Amber RoadRCR160$2,352
District 21 (Upper Bukit Timah, Clementi Park, Ulu Pandan)Upper Bukit Timah, Clementi Park, Ulu PandanOCR136$2,294
District 5 (Pasir Panjang, Hong Leong Garden, Clementi New Town)Pasir Panjang, Hong Leong Garden, Clementi New TownRCR121$2,058
District 18 (Tampines, Pasir Ris)Tampines, Pasir RisOCR98$1,476

Notable Transactions

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

ProjectDistrictPSFPriceSize (sqft)Type
SCULPTURA ARDMORED10$6,194$20,000,0003,229Resale
TIONG BAHRU ESTATED3$5,491$4,900,000892Resale
PARK NOVAD10$4,462$6,388,0001,432New Sale
LANDED HOUSING DEVELOPMENTD15$4,250$4,680,0001,101Resale
LANDED HOUSING DEVELOPMENTD15$4,250$4,680,0001,101Resale
TOMLINSON HEIGHTSD10$3,964$10,880,0002,745Resale
W RESIDENCES MARINA VIEW - SINGAPORED1$3,880$10,899,3502,809New Sale
UPPERHOUSE AT ORCHARD BOULEVARDD10$3,819$7,852,0002,056New Sale
LANDED HOUSING DEVELOPMENTD15$3,669$4,700,0001,281Resale
LANDED HOUSING DEVELOPMENTD15$3,669$4,700,0001,281Resale

Rental Market Snapshot

The rental market recorded 6,380 leases in November 2025, down 9.0% month-on-month. The median monthly rent was $4,400 (up 0.0% MoM).

Median Rent by Bedroom Type:

TypeMedian Rent
1BR$3,300
2BR$4,200
3BR$5,400
4BR$8,050
5BR$7,800
6BR$11,000
NA$5,300

Most Active Rental Projects:

ProjectLeases
LANDED HOUSING DEVELOPMENT110
NON-LANDED HOUSING DEVELOPMENT75
NORMANTON PARK64
THE SAIL @ MARINA BAY55
PARC ESTA32

Planning to rent? Check out our How to Project Rental Property Cash Flow.

6-Month Price Trends

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

MonthMedian PSFMedian Rent
2025-06$1,814$4,300
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

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 345 units (20% of total), while resales made up 1,315 transactions and 67 sub-sales were recorded.

Unit Size Demand: 4BR: 280 (16.2%) · 5BR+: 244 (14.1%) · 3BR: 526 (30.5%) · 1BR: 245 (14.2%) · 2BR: 336 (19.5%) · Studio: 96 (5.6%)

Price Distribution: $500K-1M: 142 · $1M-1.5M: 340 · $1.5M-2M: 410 · $2M-3M: 408 · $3M+: 427

Explore our latest Best Family-Friendly Condos in RCR (Rest of Central Region) 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 November 2025:

  • Prices have softened with median PSF falling 24.6% month-on-month.
  • Rents are holding firm with median rent up 0.0% 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 · BSD Explained: Buyer's Stamp Duty Rates in Singapore

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$891,500----
1$1,280,000----
1BR--$3,300/mo--
2$1,608,100----
2BR--$4,200/mo--
3$2,000,000----
3BR--$5,400/mo--
4$3,200,000----
4BR--$8,050/mo--
5$5,490,000----
5BR--$7,800/mo--
6BR--$11,000/mo--
NA--$5,300/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: 724 condos with sales data and 1593 with rental data out of 3429 tracked properties for November 2025.