Singapore Property Market 2025: At Its Peak, or Ready for the Next Climb?

When it comes to Singapore’s property market, investors are asking the big question: Have we reached the peak, or is this just the beginning of another climb?

The Bear Case – Why Some Believe We’re at the Peak

High condo prices and rising mortgage costs due to elevated interest rates are squeezing buyers.
Government cooling measures** (e.g., 60% ABSD for foreigners) have dampened speculative demand.
Rental yields are softening as new supply enters the market.
Global uncertainty could slow confidence in big-ticket purchases.

Takeaway: Prices may stagnate or correct in the short term.

The Bull Case – Why Fundamentals Suggest Growth

Singapore’s population growth (now at 6.11M, 1 Oct 2025) drives consistent housing demand.
High land, labour, and construction costs set a price floor for future projects.
A potential interest rate pivot could unlock pent-up buying demand.
Singapore remains a safe haven for property investors, with stability and exclusivity.

Takeaway: Long-term fundamentals still support growth, even if slower and more regulated.

The Government Factor – A Soft Landing

Unlike many global markets, Singapore’s property sector is actively managed. Authorities can suppress demand, control land supply, or adjust affordability policies. The goal: stability and a soft landing, not a crash.

What Investors Should Do

Owner-occupiers: Buy for the long term (5–10 years), not speculation.
Investors: Focus on rental yield, prime locations, and properties with unique, enduring value. The era of quick flips is over.

Final Word

The market may be at a cyclical peak, but not a permanent peak. Rising costs, strong demographics, and policy flexibility suggest that Singapore property prices will remain resilient. For investors, the key is making informed, fundamentals-based decisions today—so you’re not left saying “If only I had bought” ten years from now.