According to a recent report by Huttons Asia, the landed residential market experienced a decrease in activity during 2Q2025 as sales volume and prices declined compared to the previous quarter. The research showed that a total of 404 landed homes, excluding Good Class Bungalows (GCBs) and strata landed homes, were sold in the last quarter, which is 6.2% lower than the 431 homes sold in 1Q2025.
The average transacted price for landed homes also decreased by 0.9% quarter-on-quarter to $1,989 per square foot (psf). As a result, the total sales value for landed homes in 2Q2025 was $2.2 billion, showing a 12.6% decrease quarter-on-quarter.
In its latest quarterly report on the landed property market, Huttons attributed the decline in transaction volume to uncertainties related to tariffs, causing some buyers to delay their purchases. The report also mentioned that the fall in average prices could be due to the bigger detached homes changing hands in the last quarter, with an average land size of 7,219 square feet compared to 6,344 square feet in the previous quarter.
By property type, there was a higher volume of terrace homes transacted in 2Q2025 with 243 units sold compared to 232 units in the previous quarter. However, these houses were sold at a lower average price of $2,096 psf, compared to $2,125 psf in 1Q2025.
On the other hand, both the semi-detached and detached housing segments saw a decrease in both volume and average prices. A total of 129 semi-detached homes were sold at an average price of $1,859 psf in 2Q2025, showing a drop of 15% and 0.1% respectively quarter-on-quarter. Detached landed homes also saw a significant decrease in average prices, falling by 10.5% quarter-on-quarter from $1,896 psf to $1,697 psf. According to Huttons, this was due to the larger detached homes being sold in 2Q2025, with an average land size of 7,219 square feet.
In terms of districts, District 15 had the most landed home transactions in 2Q2025, with 64 units sold. All of these units were 999-year leasehold or freehold properties. Other popular districts include District 16 (40 units), District 19 (66 units), District 20 (38 units), and District 28 (35 units).
The highest-priced landed home sold last quarter was a freehold detached home at Chancery Lane, which was sold for $23.5 million.
Huttons expects prices and volume of landed homes to stabilize for the rest of the year. The report also mentioned that clarity on tariffs for many countries has emerged after months of negotiations with the US, which will have a positive impact on the global economy. Additionally, the 90-day pause in tariffs announced by the US in April prompted businesses to frontload manufacturing and exports, which will boost Singapore’s economy.
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Huttons also expects these factors, along with lower interest rates, to support the demand for landed homes in the second half of 2025.