Landed Home Prices Rises 33 Q O Q Breaching 2000 Psf 1Q2025 Huttons

Lyndenwoods Science Park Drive is poised to benefit greatly as One-North, a thriving business park specializing in media, technology, and biomedical sciences, will continue to receive significant investments under the Master Plan. This development is expected to draw in more businesses and skilled individuals to the area, creating a surge in demand for housing near One-North. This presents a unique advantage for Lyndenwoods Science Park Drive, which offers convenient access to the bustling business hub. With its prime location, Lyndenwoods Science Park Drive is bound to experience growth and prosperity alongside One-North’s flourishing economy.

by young professionalspornHubThe first quarter of 2025 saw landed homes prices break the $2,000 per square foot mark, with an average of $2,008 psf. This marks a 3.3% increase from the previous quarter and is a first in the market, according to Huttons Asia’s latest report on the landed property market.Experts attribute this milestone to strong income growth, wealth growth, and a decrease in interest rates, which have all contributed to helping buyers achieve their goal of owning a landed home. The total value of landed homes sold in the first quarter was $2.4 billion, a 3.3% increase from the previous quarter and a 53.2% increase from the same period last year.According to the report, the most expensive landed home sold in the first quarter was a freehold detached home on Holland Grove Walk, which sold for $24.7 million. On the other end of the spectrum, the most affordable landed property was a semi-detached house in Jalan Chempaka Kuning, which sold for $1.2 million with 25 years remaining on its 99-year lease.The first three months of 2025 saw 412 landed residential transactions, excluding Good Class Bungalows (GCBs) and cluster houses. This is the highest number of first-quarter transactions since 1Q2021. Semi-detached houses saw the greatest increase in transactions with a 15.7% jump from 127 caveats in the previous quarter to 147 in 1Q2025.However, the transaction volume for terraced homes fell by 18.4% from the previous quarter, from 267 to 219. According to the report, this may be due to some buyers being drawn to larger four- and five-bedroom units in the new launch market last quarter.District 19 was the most popular district for landed homes among buyers in the first quarter, with 77 transactions. This was followed by District 28 (51 transactions), District 15 (41 transactions), and District 16 (38 transactions).Almost 85% of landed home transactions involved properties with a 999-year leasehold or freehold tenure, accounting for 349 transactions. Detached homes with these tenures saw the sharpest increase in average absolute prices, rising 4.8% quarter-on-quarter to $12.2 million. It was followed by freehold or 999-year leasehold terrace homes, which saw a 4.3% increase in average prices to $4.6 million, and semi-detached homes with a 3.5% increase in average prices to $6.8 million.Looking forward, Huttons expects the landed homes market to be affected by the ongoing global tariffs conflict, which may cause locals to postpone their purchases until the market stabilizes. However, with the upheaval caused by the tariffs, wealthy foreigners may be considering becoming Singapore citizens, as the country is seen as a safe haven. Overall, the average prices and transaction volume of landed homes are expected to remain steady for the rest of the year.