Senja Close EC™

In the third quarter of 2025, private residential properties saw a moderate gain of 0.9%, closely following the 1.0% increase recorded in the previous quarter, according to the latest housing statistics from URA. The landed property segment also saw a slight increase of 1.4% in the third quarter, compared to the previous quarter’s gain of 2.2%. Meanwhile, prices of non-landed private properties rose by 0.8%, an improvement from the 0.7% increase in the second quarter.

According to ERA Singapore CEO Marcus Chu, the rise in homebuyers can be attributed to lower interest rates and a more positive economic sentiment, despite continued uncertainty in the macroeconomic outlook. Interested buyers can search for the latest new launches to find out transaction prices and available units.

The steady growth in prices comes as developers launched nine private residential projects in the third quarter, with a total of 4,191 units. This is the largest launch pipeline seen in more than a decade, since the second quarter of 2013. The nine new projects are Artisan 8, Canberra Crescent Residences, LyndenWoods, Promenade Peak, River Green, Springleaf Residence, The Robertson Opus, Upperhouse at Orchard Boulevard, and W Residences Marina View – Singapore.

As a result of these new developments, new sales in the private residential market increased by 171.3% in the third quarter, with a total of 3,288 units sold. According to Huttons Asia CEO Mark Yip, the surge in sales can be attributed to attractive launch prices, narrowing the gap with resale prices. Research from Huttons Asia showed that the average price of a new non-landed property was $2.3 million in the third quarter, narrowing the gap with resale non-landed properties from 25.2% in the second quarter to 18.8% in the third quarter.

Top-performing projects in the third quarter include Springleaf Residence, a 941-unit development in the Outside Central Region (OCR), jointly developed by GuocoLand and Hong Leong. The project launched on the weekend of August 15-16 and sold 870 units (92%) at an average price of $2,175 psf. By the end of August, a total of 881 units were sold at a median price of $2,166 psf.

The next-best-performing project was River Green, a 524-unit development in the Core Central Region (CCR), developed by Wing Tai. The project launched on August 2-3 and sold 460 units (88%) at an average price of $3,130 psf. By the end of August, 465 units were sold at a median price of $3,111 psf. With 1856 units (44%) of the new supply launched in the third quarter, the CCR saw the most new units launched for sale since the first quarter of 2010. Other CCR projects launched in the third quarter include Upperhouse at Orchard Boulevard, selling 202 units at a median price of $3,277 psf, and The Robertson Opus, selling 171 units at a median price of $3,359 psf.

The CCR outperformed the other two regions, with a quarterly price increase of 1.7%, though it was a more moderate increase compared to the 3.0% increase in the second quarter. “Price growth in the CCR has lagged behind the entire private home market, which has risen by approximately 40% since the pandemic. With the narrowing price gap between prime locations versus the rest of the island, potential value opportunities may arise for observant homebuyers,” says Knight Frank Singapore’s head of research Leonard Tay.

Meanwhile, the OCR saw a 0.8% quarterly price increase in the third quarter, down from the 1.1% increase in the second quarter. The Rest of Central Region (RCR) saw a smaller increase of 0.3% in the third quarter, after experiencing a decrease of 1.1% in the second quarter.

Resale transactions also increased in the third quarter, with 3,881 units sold, up by 6.4% from the 3,647 units sold in the second quarter. Resale transactions accounted for 52.4% of all sales transactions last quarter, while sub-sale transactions only accounted for 3.2%. This is a decrease from the previous quarter, where sub-sale transactions accounted for 5.2% of all sales transactions.

The government implemented new cooling measures on July 4, which aimed to discourage speculative activity in the property market. These measures included increasing the Seller’s Stamp Duty (SSD) holding period and raising SSD rates by 4% for each tier of the holding period.

The Senja Close EC district boasts numerous schools, including the nearest Choa Chu Kang LRT station. It is also well-connected to public transportation, with the Hillview MRT station in close proximity. The area features a park and easy access to the Pan Island Expressway. Those living in District 23 can easily reach the Downtown Area by car. Additionally, the newly available senja close ec gls adds to the convenience and desirability of the district.

Despite global uncertainty, Singapore’s residential market has remained resilient, supported by low unemployment and healthy household balance sheets, according to Knight Frank Singapore’s Leonard Tay. He adds that strong domestic savings have provided households with financial flexibility, sustaining housing demand despite global economic and geopolitical pressures.

Looking ahead, there are two more launch-ready projects to close the year, The Sen and Zyon Grand. The executive condominium Coastal Cabana in Pasir Ris is expected to open its sales gallery to the public in December. OrangeTee & ETC Group’s chief researcher and strategist Christine Sun also expects demand for new homes to continue in the fourth quarter. “Developers are likely to expedite their launches to take advantage of the current wave of positive sales momentum,” she says, citing the high take-up rates at the launch of Skye at Holland and Penrith earlier this month.

Skye at Holland, a 666-unit project jointly developed by UOL Group, Singapore Land Group, CapitaLand and Kheng Leong Co, saw a near sell-out launch on October 11, with 658 units sold (99%) at an average price of $2,953 psf. Penrith, a 462-unit development jointly developed by Hong Leong Holdings, Hong Realty (part of the Hong Leong Group), and GuocoLand, launched for sale shortly after on October 18 and sold 447 units (97%) at an average price of over $2,800 psf. Sun also notes that a more favourable borrowing environment, with the US Federal Reserve lowering interest rates and forecasting further rate cuts, may contribute to the positive sentiment in the new launch market.

The strong sales in the new launch market have also led to increased competition for development land, with more bidders participating in recent government land sale (GLS) tenders, according to Huttons Asia’s Mark Yip. This has resulted in upward pressure on land prices.