Singapore’s Luxury and Affluent Property Market 2025: Where the Smart Money is Moving
Key Economic Factors Shaping the Market
For decades, Singapore’s property market has been the most consistent generator of wealth for high-net-worth individuals. While global markets fluctuate, luxury real estate in Singapore remains a fortress of value—appreciating steadily, outperforming traditional asset classes, and offering unparalleled long-term security.
Yet, as property prices continue to rise despite cooling measures, many affluent Singaporeans are waiting on the sidelines while others are quietly securing prime properties that will only become more expensive.
The data is clear: Condo prices are rising, demand is growing, and the best properties will not wait.
Whether you’re looking at ultra-luxury condos in the Core Central Region (CCR) or high-value opportunities in city-fringe and suburban districts, the smartest investors in 2025 will be those who take action before the next price surge.
The Numbers Don’t Lie: Singapore’s Condo Market Is Growing Across All Segments
1. Rising Condo Prices – A Market That Refuses to Cool
Despite cooling measures and high interest rates, Singapore’s private home prices rose by 3.9% in 2024, proving the resilience of the market (Source: EdgeProp).
- Core Central Region (CCR): Condo prices increased by 4.5% in 2024, reflecting strong demand for ultra-luxury and prestige properties.
- Rest of Central Region (RCR): Condo prices surged by 5.8%, outperforming CCR, as affluent Singaporeans invest in city-fringe properties.
Outside Central Region (OCR): Condo prices rose by 3.1% in 2024, driven by demand for larger homes and strong new condo launches.
(Source: Singapore Department of Statistics)
2. Condo Demand is Rising—And So Are Transactions
- The number of new condo units sold in 2024 exceeded 6,560, an increase from the previous year (Source: BusinessTimes).
- New launches continue to see strong take-up rates, particularly in high-demand areas like Katong, Bukit Timah, and East Coast (Source: 99.co).
- Luxury resale condos in prime districts remain in demand, despite higher ABSD for foreigners. Affluent Singaporeans are stepping in to fill the gap. (Source: Straits Times).
If you have investable capital and are waiting for a "perfect time"—this is it.
Prime Investment Areas: Where the Affluent Singaporean Buyer is Looking
1. The Pinnacle of Prestige: Luxury Properties in CCR
Singapore’s Core Central Region (CCR) remains the benchmark for status, exclusivity, and wealth preservation.
Top Luxury Condo Launches in 2025
- One Marina Gardens (Marina Bay– Marina Boulevard)
- Luxury waterfront development with integrated retail and lifestyle amenities.
- Estimated price: $3,500+ PSF.
- Hill House (River Valley – Orchard)
- Freehold luxury residence in Singapore’s most iconic shopping district.
- Estimated price: Average $3,152 PSF.
- Aurea (Beach Road – Bugis)
- Redeveloped from the iconic Golden Mile Complex, Aurea is a 99-year leasehold mixed-use development featuring luxury residences with panoramic city and sea views, seamlessly integrating modern living with rich cultural heritage.
- Estimated price: $2,750+ PSF.
- One Marina Gardens (Marina Bay– Marina Boulevard)
Why CCR is a Smart Buy:
✔ Scarcity of land in Orchard, Marina Bay, and Tanglin means prices will only go up.
✔ High liquidity—luxury CCR properties are always in demand from elite buyers worldwide.
✔ Legacy investment—owning a property in Singapore’s most prestigious districts is a generational wealth move.
2. The Smart Investor’s Choice: City-Fringe Gems in RCR
For Singaporeans looking for capital appreciation, rental income, and prime locations at better entry prices, the Rest of Central Region (RCR) offers the best of both worlds.
High-Value New Launches in RCR
- The Continuum (Katong – Thiam Siew Avenue)
- Freehold city-fringe development in a high-demand area located between Haig Road and Tanjong Katong Road in District 15.
- A prime choice for investors seeking high capital appreciation, thanks to its proximity to East Coast lifestyle hubs, top schools, and seamless connectivity to the city.
- Estimated price: Average $2,654 PSF
- Nava Grove (Bukit Timah – Dunearn Road)
- A rare freehold gem in the prestigious Bukit Timah area, offering exclusivity, lush greenery, and convenience.
- Located near renowned schools and lifestyle amenities, it is an ideal investment for those looking to combine luxury with long-term value.
- Estimated price: Average $2,457 PSF
- Pinetree Hill (Ulu Pandan – Pine Grove)
- A luxurious 99-year leasehold development set in an elevated, tranquil site at Pine Grove.
- Residents will enjoy panoramic views of Bukit Timah and Clementi Forest while being well-connected to top schools and the city.
- Estimated price: $2,234+ PSF
- Bloomsbury Residences (One-North – Media Circle)
- A premium mixed-use development in the dynamic One-North district, offering a rare opportunity for investors looking to tap into the growing demand from professionals working in research and tech hubs.
- Strategically located for high rental yield and future capital gains.
- Estimated price: $2,200+ PSF
- The Continuum (Katong – Thiam Siew Avenue)
Why RCR is a Smart Buy:
✔ Outperforming CCR in price growth (5.8% vs 4.5%).
✔ Best of both worlds—central location without CCR price premiums.
✔ Strong rental demand from expats and professionals working in the CBD.
3. The High-Growth Bet: Luxury in the Suburban OCR
While OCR (Outside Central Region) is traditionally seen as a mass-market segment, 2025 will see an emergence of premium suburban condos catering to affluent Singaporeans looking for spacious homes in lifestyle-driven locations.
Premium OCR New Launches
- Parktown Residence (Tampines North)
- A game-changing mixed-use development in District 18, Parktown Residence is the first harmonised integrated development in Singapore.
- Offers unmatched lifestyle convenience with direct access to MRT, malls, schools, and green spaces.
- Developed by a powerhouse trio UOL, Singapore Land, and CapitaLand, this launch is set to be a landmark project in Singapore’s fastest-growing regional hub.
- Estimated price: Average $2,360 PSF
- Lentor Central Residences (Lentor)
- A prestige condo in the heart of Lentor, offering direct MRT connectivity and future-proof investment potential.
- High-growth district with upcoming retail, F&B, and lifestyle hubs transforming Lentor into a sought-after residential enclave.
- Estimated price: $2,100+ PSF
- SORA (Jurong Lake District)
- The crown jewel of Jurong Lake District, positioned as Singapore’s next big waterfront residential hub.
- Unparalleled lakeside living with strong capital appreciation potential, as Jurong evolves into Singapore’s second CBD.
- Estimated price: $2,000+ PSF
Why OCR is a Smart Buy:
✔ More space for the same budget—larger homes at better PSF value than CCR/RCR.
✔ Long-term capital appreciation in growing suburban hubs.
✔ Luxury at a lower price point—high-end finishes and facilities in a tranquil setting.
Why Singaporean Investors Should Act Now
1. Foreign Buyers Are Priced Out—Giving Singaporeans First-Mover Advantage
With ABSD at 60% for foreigners, many international investors are on hold. This is the window for Singaporeans to secure prime properties before the global elite return.
2. Singapore’s Luxury Market is Still Undervalued Compared to Global Cities
Even at $3,500 to $4,000 PSF, prime condos in Singapore’s luxury property market is still undervalued compared to global cities:
- Hong Kong luxury properties: $7,000+ PSF (Source: Knight Frank).
- London prime districts: $4,500 to $6,500 PSF (Source: Savills).
- New York penthouses: $6,000+ PSF (Source: Bloomberg).
3. Supply is Tightening—Prices Will Rise
- CCR is running out of land—what is available today may not be tomorrow.
- RCR and OCR launches are selling out quickly—delayed buyers will pay more in future phases.
The Best Opportunities Do Not Wait
The most successful investors move before the crowd.
✔ Supply of luxury condos is tight—what is available today may not be tomorrow.
✔ Prices are rising, but still below other global markets—Singapore remains a high-value opportunity.
✔ Luxury is appreciating—buy before prices surge further.
✔ City-fringe gems offer the best balance of affordability and future growth.
✔ Suburban high-end condos present unique lifestyle investment opportunities.
✔ Foreigners are momentarily sidelined—giving Singaporeans a first-mover advantage.
If you have the capital and are still on the fence, ask yourself: Why let others take the best deals while you wait?
Your Next Move
📩 Contact Zach Lin today for an exclusive consultation on Singapore’s top luxury properties.
Discover the most sought-after condos before they hit the market.
Because in real estate, the best opportunities don’t wait.
Sources
- Singapore Department of Statistics
- 99.co Market Reports
- EdgeProp Singapore
- The Straits Times
- Business Times
- PropNex Data Analytics
