Rising Demand for Luxury Homes in Singapore

Luxury properties in Singapore have seen a notable resurgence in demand in 2025, particularly for condominiums priced over $5 million, which rose by more than 25% in the first three quarters compared to prior years. In contrast, there had been a decline in demand noted in other global markets.

Specifically, high-end condominiums exceeding $10 million reached a three-year high, alongside an increased interest in good class bungalows (GCBs). The resurgence is interesting given recent cooling measures and uncertainties affecting buyers, leading many to commit to luxury home purchases sooner.

The first three quarters of 2025 recorded 265 luxury condominiums sold, a significant increase from earlier periods and marking a central role in the luxury sector. Additionally, 1,060 new prime area units are expected to enter the market in 2024, bolstered by ongoing projects.

Singaporeans are increasingly making up a significant portion of luxury home buyers, accounting for nearly 60% of sales in 2025, reflecting a growing preference for prime residential properties in the area. The luxury real estate market continues to adapt, offering numerous opportunities for buyers looking for high-value investments.