Singapore property investment reached $34.12 billion in 2025, a 27% increase from the previous year, according to Savills Singapore. This marks the highest total since 2017 when sales hit $35.16 billion.
Both the public and private sectors showed growth. Public sector investment rose by 32.3%, reaching $11.60 billion, driven by an increase in Government Land Sales (GLS) sites. These sites grew from 20 in 2024 to 30 in 2025. Private sector sales climbed by 24.3%, totaling $22.52 billion. The increase was driven by high-end residential properties, large transactions, and S-REIT listings.
Singapore Property Investment: Q4 Performance
In Q4 2025, total investment sales hit $10.97 billion. While this was a 3.3% drop from Q3’s $11.35 billion, it was a 44.4% increase from Q4 2024. The private sector saw a 4.5% rise in sales, totaling $7.53 billion, despite a drop in the number of deals from 120 to 106.
Investments from S-REITs, institutional investors, and high-net-worth individuals remained strong. Lower financing costs and smaller-than-expected impacts from US tariffs helped keep the market active.
Residential and Commercial Property Sales in Q4
The residential sector accounted for 40.3% of Q4 sales, but values fell 13.7% from the previous quarter, totaling $4.42 billion. This decline was due to slower luxury home sales. However, high-end landed properties stayed strong, supported by lower borrowing costs.
In Q4, 10 Good Class Bungalows (GCB) were sold, including one for $148 million on Peirce Road. Full-year GCB transactions totaled 25, valued at $1.12 billion, similar to 2024.
Commercial property sales reached $3.45 billion, up 31.1% from Q3, and made up 31.5% of total quarterly sales. Major deals included Keppel REIT’s $1.45 billion purchase of a stake in Marina Bay Financial Centre (MBFC) Tower 3 and the $809 million sale of The Clementi Mall.
Industrial Sector Growth
The industrial sector showed impressive growth, accounting for 19.4% of Q4 sales, totaling $2.13 billion. This was nearly double the $1.07 billion in Q3. Industrial REITs were active, making up almost 60% of the transactions. The biggest deal was CapitaLand Ascendas REIT’s $532.6 million purchase of three properties, excluding premiums.
Outlook for 2026
Savills expects the property investment market to stay strong in 2026, with sales projected to remain around $34 billion. The office, retail, and redevelopment sectors are likely to perform well, driven by low financing costs and opportunities to reposition assets.
