- Total of 9,665 transactions recorded in September 2025 (-27.9% MoM).
- Median sale price per square foot: $1,846, down 13.7% from last month.
- Median monthly rent: $4,350 (-3.3% MoM).
- Most active district: District 19 (Serangoon Garden, Hougang, Punggol) with 230 sales.
- Highest gross yield: 2.94% in the OCR segment.
Based on URA REALIS data, the Singapore private residential market recorded 9,665 total transactions in September 2025, down 27.9% from the previous month. Sales volume stood at 1,854 units with a median price of $1,846 per square foot, while the rental market saw 7,811 leases at a median rent of $4,350/month. For an overview of the buying process, see our Buying a Condo as a Permanent Resident in Singapore.
Highest-Value Transactions
The top 5 transactions by total price in September 2025:
| Project | District | Price | PSF | Size (sqft) | Type |
|---|---|---|---|---|---|
| LANDED HOUSING DEVELOPMENT | D10 | $30,288,000 | $1,558 | 19,440 | Resale |
| WATTEN ESTATE | D11 | $24,500,000 | $1,473 | 16,632 | Resale |
| 21 ANDERSON | D10 | $24,000,000 | $5,347 | 4,489 | New Sale |
| OEI TIONG HAM PARK | D10 | $23,880,000 | $2,657 | 8,989 | Resale |
| OEI TIONG HAM PARK | D10 | $23,588,000 | $2,542 | 9,280 | Resale |
Key Figures at a Glance
Sales Market Deep Dive
The private residential sales market recorded 1,854 transactions in September 2025, representing a decrease of 52.6% month-on-month and down 4.3% year-on-year. The median price per square foot was $1,846 (down 13.7% MoM), while the median transaction price stood at $1,858,000.
Transaction Mix: Resale: 1,522 (82.1%) · New Sale: 270 (14.6%) · Sub Sale: 62 (3.3%)
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) | 310 | $2,256 | 2,470 | $5,500 | 2.47% |
| RCR (Rest of Central Region) | 628 | $2,099 | 2,696 | $4,325 | 2.31% |
| OCR (Outside Central Region) | 916 | $1,604 | 2,645 | $3,900 | 2.94% |
For a deeper comparison, see 3-Bed Family Condos: CCR vs RCR vs OCR.
Top Districts by Activity
The most active districts by sales volume in September 2025:
| District | Area | Segment | Transactions | Median PSF |
|---|---|---|---|---|
| District 19 (Serangoon Garden, Hougang, Punggol) | Serangoon Garden, Hougang, Punggol | OCR | 230 | $1,680 |
| District 15 (Katong, Joo Chiat, Amber Road) | Katong, Joo Chiat, Amber Road | RCR | 178 | $2,294 |
| District 10 (Ardmore, Bukit Timah, Holland Road, Tanglin) | Ardmore, Bukit Timah, Holland Road, Tanglin | CCR | 125 | $2,279 |
| District 5 (Pasir Panjang, Hong Leong Garden, Clementi New Town) | Pasir Panjang, Hong Leong Garden, Clementi New Town | RCR | 113 | $1,989 |
| District 9 (Orchard, Cairnhill, River Valley) | Orchard, Cairnhill, River Valley | CCR | 113 | $2,534 |
Notable Transactions
The highest-value transactions by price per square foot in September 2025:
| Project | District | PSF | Price | Size (sqft) | Type |
|---|---|---|---|---|---|
| THE MARQ ON PATERSON HILL | D9 | $6,274 | $19,180,000 | 3,057 | Resale |
| 21 ANDERSON | D10 | $5,347 | $24,000,000 | 4,489 | New Sale |
| 21 ANDERSON | D10 | $5,236 | $23,500,000 | 4,489 | New Sale |
| BOULEVARD 88 | D10 | $4,101 | $5,385,300 | 1,313 | Resale |
| LANDED HOUSING DEVELOPMENT | D11 | $3,999 | $11,050,000 | 2,763 | New Sale |
| LANDED HOUSING DEVELOPMENT | D10 | $3,898 | $13,350,000 | 3,425 | Resale |
| LANDED HOUSING DEVELOPMENT | D10 | $3,898 | $13,350,000 | 3,425 | Resale |
| FOUR SEASONS PARK | D10 | $3,606 | $8,150,000 | 2,260 | Resale |
| 3 ORCHARD BY-THE-PARK | D10 | $3,606 | $8,150,000 | 2,260 | Resale |
| GRANGE RESIDENCES | D10 | $3,576 | $10,200,000 | 2,852 | Resale |
Rental Market Snapshot
The rental market recorded 7,811 leases in September 2025, down 17.8% month-on-month. The median monthly rent was $4,350 (down 3.3% MoM).
Median Rent by Bedroom Type:
| Type | Median Rent |
|---|---|
| 1BR | $3,293 |
| 2BR | $4,200 |
| 3BR | $5,300 |
| 4BR | $9,300 |
| 5BR | $13,150 |
| 6BR | $23,900 |
| NA | $5,390 |
Most Active Rental Projects:
| Project | Leases |
|---|---|
| LANDED HOUSING DEVELOPMENT | 152 |
| NON-LANDED HOUSING DEVELOPMENT | 122 |
| THE SAIL @ MARINA BAY | 51 |
| MARINA ONE RESIDENCES | 50 |
| NORMANTON PARK | 46 |
Planning to rent? Check out our How to Visualize Lease Decay in Singapore.
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 |
|---|---|---|
| 2025-04 | $1,906 | $4,419 |
| 2025-05 | $1,830 | $4,300 |
| 2025-06 | $1,814 | $4,300 |
| 2025-07 | $1,973 | $4,500 |
| 2025-08 | $2,138 | $4,500 |
| 2025-09 | $1,846 | $4,350 |
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 270 units (14.6% of total), while resales made up 1,522 transactions and 62 sub-sales were recorded.
Unit Size Demand: 5BR+: 281 (15.2%) · 4BR: 276 (14.9%) · 2BR: 365 (19.7%) · 3BR: 565 (30.5%) · 1BR: 245 (13.2%) · Studio: 122 (6.6%)
Price Distribution: <$500K: 1 · $500K-1M: 162 · $1M-1.5M: 436 · $1.5M-2M: 430 · $2M-3M: 357 · $3M+: 468
Explore our latest Condos with Best Views in District 27 (Yishun, Sembawang) 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 September 2025:
- Prices have softened with median PSF falling 13.7% month-on-month.
- Rental rates have eased with median rent down 3.3% 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 Mortgage Calculator · What Is PSF? Price Per Square Foot Explained
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 | $845,000 | -- | -- |
| 1 | $1,210,000 | -- | -- |
| 1BR | -- | $3,293/mo | -- |
| 2 | $1,550,000 | -- | -- |
| 2BR | -- | $4,200/mo | -- |
| 3 | $1,925,000 | -- | -- |
| 3BR | -- | $5,300/mo | -- |
| 4 | $3,015,694 | -- | -- |
| 4BR | -- | $9,300/mo | -- |
| 5 | $5,050,000 | -- | -- |
| 5BR | -- | $13,150/mo | -- |
| 6BR | -- | $23,900/mo | -- |
| NA | -- | $5,390/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 Use the End-to-End Investment Calculator
- Buying a Condo as a Permanent Resident in Singapore
- BCA Green Mark for Condos — Energy, Value & Sustainability
- CPF Nomination for Property Owners — Why Your Will Isn't Enough
- Property Decoupling in Singapore Post-2025 — What Still Works
- ROI Metrics: Total Return, Break-Even, Future Value
- Lease Decay: How 99-Year Leasehold Values Decline
- What Is PSF? Price Per Square Foot Explained
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: 813 condos with sales data and 1724 with rental data out of 3429 tracked properties for September 2025.