Huttons Asia research has found that the landed residential market experienced a downturn in 2Q2025, with a decrease in both sales volume and prices compared to the previous quarter. According to the report, a total of 404 landed homes (excluding Good Class Bungalows and strata landed homes) were sold in 2Q2025, a 6.2% decline from the 431 homes sold in 1Q2025.
Not only did sales volume decrease, but the average transacted price for these homes also dropped 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, a 12.6% decrease from the previous quarter.
Huttons attributes the decline in transaction volume to uncertainties related to tariffs, which may have caused some buyers to hold off on making purchases. The research report also noted that more terrace homes were transacted in 2Q2025 at 243 units, compared to 232 units in the previous quarter. However, these homes were transacted 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. 129 semi-detached homes were sold in 2Q2025 at an average price of $1,859 psf, a 15% decline in volume and a 0.1% decline in average price quarter-on-quarter.
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The average price for detached landed homes also dropped by 10.5% quarter-on-quarter, falling from $1,896 psf in 1Q2025 to $1,697 psf in 2Q2025. Huttons attributes this decline to larger detached homes changing hands in 2Q2025, with an average land size of 7,219 sq ft compared to 6,344 sq ft in the previous quarter. In total, 32 detached properties were transacted in 2Q2025, down from 47 in 1Q2025.
According to the research report, District 15 had the highest number of landed home transactions in 2Q2025, with 64 units sold. All of these units were 999-year leasehold or freehold properties. Other popular districts included District 16 (40 units), District 19 (66 units), District 20 (38 units), and District 28 (35 units).
The most expensive landed home sold last quarter by absolute value was a freehold detached home at Chancery Lane, which fetched $23.5 million. Huttons expects prices and volume of landed homes to remain stable for the rest of the year. The report adds that clarity on tariffs has emerged for many countries after months of negotiations with the US, which is positive for the global economy.
Furthermore, the 90-day pause in tariffs announced by the US in April has prompted businesses to frontload manufacturing and exports, providing a boost to Singapore’s economy. Huttons expects these factors, combined with lower interest rates, will help support demand for landed homes in the second half of 2025.