Residential property sees higher prices, sales in Q3

Price index increased by 0.9% compared to the previous quarters, and take-up rose by over 100%.

Overall private residential property price index increased by 0.9% in Q32025, following the rises recorded in the last two quarters and amidst the 171.3% take-up rate increase of private residential units, the Urban Redevelopment Authority (URA) said.

The price index had an average quarterly increase of 1% in 2024, whilst the take-up rate during Q3 rose by 171.3% compared to Q22025.

Prices of landed properties increased by 1.4% in Q32025, compared with the 2.2% increase in the previous quarter, the URA added.

During the period, prices of non-landed properties increased by 0.8%, compared with the 0.7% increase recorded previously.

Developers launched for sale 4,191 uncompleted private residential units excluding executive condominiums (ECs) during the quarter, whilst 1,520 units were launched in the previous quarter.

Of this, developers sold 3,288 private residential units excluding ECs in Q32025, compared with the 1,212 units last quarter.

The government is sustaining private housing supply in the Government Land Sales (GLS) programme, confirming a supply of close to 10,000 units in 2025, or around 50% higher than the average annual confirmed list supply from 2021 to 2023, the URA said.

The government will continue to monitor economic and property market conditions closely and ensure adequacy of private housing accordingly, it added.

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Urban Redevelopment Authority

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