For the entire 2025, 1,858 landed homes, excluding strata-titled landed homes (also known as cluster houses), were sold. In comparison, 1,696 landed units were transacted in 2024 and 1,286 units changed hands in 2023.
According to URA’s private property price index, prices of landed homes climbed by 3.4% q-o-q in 4Q2025, faster than the 1.4% growth in 3Q2025. This is the highest pace of growth since 4Q2023 when landed prices grew by 4.6%.
Most transactions since 2Q2022: ERA
ERA Singapore says URA caveats show a slightly lower 491 transactions in 4Q2025, marking the quarter with the highest number of landed home transactions since 2Q2022.
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“This rise can largely be attributed to increased transactions in the Rest of Central Region (RCR) and the Outside Central Region (OCR). However, the Core Central Region (CCR) saw fewer transactions due to higher prices, as buyers and sellers face a mismatch in price expectations,” says ERA Singapore CEO Marcus Chu.
The rise in landed prices and transaction activity underscores the continued resilience of Singapore’s landed housing segment, notes Chu. “Seen as an aspirational target among local homebuyers, prospective buyers would take the opportunity to upgrade should the opportunity arise.”
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Greater gains for condo upgraders
About half (50.5%), or 248 units, of the landed homes transacted in 4Q2025 were priced above $5 million, relatively unchanged q-o-q.
“Rising non-landed home prices have improved affordability for condominium upgraders,” adds Chu. “With the ability to command higher prices for their condominiums, these homeowners have greater access to the landed market.”
The bulk of landed home transactions (57.2%) were terrace houses in the OCR, which proved to be a good entry point into the landed market, notes Chu.
This echoed the earlier findings, which showed that the highest proportion of transactions (46.8%) occurred in the $2.5 million to $5 million price range.
The median price of such homes was $4.22 million in 4Q2025, 2.8% lower than the $4.35 million in the previous quarter.
However, the CCR landed home market — considered prime landed properties — saw a 30.6% q-o-q decline to 25 transactions in 4Q2025.
This comes as the median price psf and median quantum of homes transacted have risen, reflecting renewed demand, notes Chu.
“Such homes are viewed as stable assets that offer long-term appreciation due to their finite supply and prestigious status. Moreover, CCR landed home-sellers, typically with higher holding power, are less inclined to reduce their prices. Thus, buyers and sellers faced an impasse over prices,” he adds.
Prices to hold steady in 2026: Huttons
According to Huttons, the average transacted price of a landed home in 2025 was $5.79 million, 9.2% higher y-o-y.
Detached homes saw the biggest increase in prices, at 8.8% y-o-y, to $1,838 psf, followed by a 8.2% y-o-y increase in prices for terrace homes.
Semi-detached homes prices, meanwhile, were up by 5.3% y-o-y last year. Looking ahead, Hutton’s outlook for Singapore’s landed home market in 2026 is one of “cautious optimism”.
“Demand may spill over from the non-landed new homes market as prices may test new benchmarks. However, there may be renewed increase in tariff threats and geopolitical tensions which will lead to economic uncertainties,” notes Huttons.
Lee Sze Teck, senior director of data analytics at real estate agency Huttons Asia, said he “sees prices picking up further”.
With tight supply and strong demand, prices for landed homes in Singapore “have always been well-supported”, said Lee on a panel at the BCA-Redas Built Environment And Real Estate Prospects Seminar 2026 on Jan 22.
Prices of landed homes may be steady in 2026 while volume may decrease slightly, according to Huttons.
