Recovering Resale Land Prices with Improved Resale Activity in July

Landed home resale activity in July improved markedly following a quiet June due to the seasonal lull from the June school holidays. Based on URA Realis caveat data, about 171 landed homes were transacted on the resale market in July 2025; the combined transaction value came up to $967 million - compared to June (155 deals valued at $833 million). Upon an analysis of each transaction and their respective gains, most landed deals were profitable.

There was a bigger proportion of higher priced landed homes being sold compared with the previous month amidst a recovery in sales transactions. Based on URA Realis caveat data, about 45.6% of resale landed homes sold in July were priced at $5 million and above, compared with about 35.5% in June. Meanwhile, 54.4% of the resale landed transactions were priced at below $5 million in July - edging up against the 64.5% proportion in the previous month.

Chart 1: Price range of private resale landed transactions in June 2025 vs July 2025

Landed home resale prices in July 2025 recovered across all regions. The overall landed homes resale prices climbed by 8.5% month-on-month (MOM) to $1,942 psf; while prices were up by 10% compared to a year before. The month-on-month increase in resale landed prices was led by the growth in prices of core central region homes (CCR) which grew by 16% MOM. By property type, landed homes grew across all sectors, semi-detached and terrace homes saw average prices climb by 6.2% MOM and 10.3% MOM respectively in July. (see table 1 below).

Table 1: Average Unit Prices ($PSF) of Resale Landed Homes by month

Resale landed homes performance by property type in July 2025

Table 2: Top 3 resale landed transactions by landed property type, in terms of estimated gains*

Top landed transaction with highest gains (Detached)

The top performing detached home transaction and overall landed transaction for the month was for a Good-class Bungalow along Leedon Road in District 10 (Bukit Timah) that was sold for $28.3 million, up by about $21.4 million from the last caveat lodged in July 2010 - this reflects an annualised profit of 5.1% after a holding period of over 28 years. The GCB property is situated within the Cornwall Gardens GCB area, has a land area of over 14,000 sq ft which reflects a unit price of $1,928 psf on land area.

Top landed transaction with highest gains (Semi-Detached)

The best-performing semi-detached transaction was for the sale of a semi-detached property in Gambir Walk in Serangoon (District 19). It was sold for nearly $8.3 million in July, with its last caveat being lodged in November 2005. The sale price is up by nearly $6.5 million from the previous caveated price, representing an annualised gain of 8.1% per year over nearly 20 years. The freehold property is just a short walk to the Bartley MRT station. The property is within close proximity to a number of schools, including St Gabriel's Secondary School, Maris Stella High School Zhonghua Secondary School and Yangzheng Primary School

Top landed transaction with highest gains (Terrace House)

The best-performing terrace home transaction was for a terrace house along Coronation Road in Hillview neighbourhood (District 10). The freehold property was sold for $6.5 million, reflecting an estimated gain of over $5.3 million, representing an annualised gain of 6.7% per year from its last caveat lodged in December 2006, with a holding period of over 26 years. The freehold property is situated within a largely landed estate in Bukit Timah, and about a 10-minute walk to the Tan Kah Kee MRT station. The property is within close proximity to a number of reputable schools in Bukit Timah, including Nanyang Primary School, Hwa Chong Institution, and St Margaret's School.

If you are looking for high-end homes or good class bungalows in Singapore, contact PropNex's GCB and Prestige Landed department for buying and insights on the landed residential property market.

For more property research insights, join PropNex Friends today.

Disclaimer:
While every reasonable care is taken to ensure the accuracy of information printed or presented here, no responsibility can be accepted for any loss or inconvenience caused by any error or omission. The ideas, suggestions, general principles, examples and other information presented here are for reference and educational purposes only.
This information contained herein is not in any way intended to provide investment, regulatory or legal advice or recommendations to buy, sell or lease properties or any form of property investment. PropNex shall have no liability for any loss or expense whatsoever, relating to any decisions made by the audience.
Views expressed in this article belong to the writer(s) and do not reflect PropNex's position.
No part of this content July be reproduced, distributed, transmitted, displayed, published, or broadcast in any form or by any means without the prior written consent of PropNex.
For permission to use, reproduce, or distribute any content, please contact the Corporate Communications department. PropNex reserves the right to modify or update this disclaimer at any time without prior notice.

All copyrights reserved.