Luxury condo sales rebound to levels before 2023 ABSD hike, buoyed by PR, Singaporean buying

[SINGAPORE] Sales of high-end condominiums rebounded this year, even as stiff stamp duty barriers have deterred foreign buyers and depressed investment demand since 2023.

While hesitant to call it a recovery, market watchers say factors driving sales in 2025 include lower borrowing costs, revived interest in prime projects with a flurry of new launches, and Singapore’s continued safe-haven appeal among the globally wealthy.

Data compiled by List Sotheby’s International Realty (List SIR) showed that transactions in non-landed residential properties ranging between S$5 million and S$10 million totalled S$825.6 million in the third quarter of 2025, the highest since S$1.05 billion in sales was recorded in Q2 2022.