Singapore Luxury Residential Real Estate Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The market is segmented by Type (Apartments and Condominiums, Villas and landed houses). The report offers market size and forecasts for luxury residential real estate market in Singapore for all above segments.

Singapore Luxury Residential Real Estate Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Singapore Luxury Residential Real Estate Market Size

Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 3.00 %
Market Concentration Medium

Major Players

Singapore Luxury Residential Real Estate Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Singapore Luxury Residential Real Estate Market with other markets in Real Estate and Construction Industry

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Singapore Luxury Residential Real Estate Market Analysis

The Singapore Luxury Residential Real Estate Market is expected to register a CAGR of greater than 3% during the forecast period.

The luxury home sales in Singapore have risen to a new high in more than 10 years. The private home sales in the Core Central Region jumped by almost 25% quarter on quarter in the second quarter of 2021. They climbed by more than 4.5 times year on year. The landed housing segment saw an almost triple rise in the number of properties transaction in the first seven months of 2021. 272 luxury condominium units were sold, costing more than USD 5 million in the first half of 2021. Of these condominium units, 70 were super luxury homes USD 10 million.

More billionaires and international celebrities are interested in buying luxury homes in Singapore. The market has benefited against the backdrop of wealth creation and a surge in Asian wealth. There are many new entrants in the luxury homes market, including budding entrepreneurs and individuals working in emerging industries. The market share of domestic buyers is growing faster than the foreigners'. 75.7% of luxury condominium units in the first half of 2021 were bought by Singaporeans. The foreign buyers are gradually streaming back into the market.

The focus on capital preservation through the pandemic has driven many investors to invest in real estate properties in Singapore. The ultra-high-net-worth individuals are interested in buying luxury homes in Singapore as its wealth, income, and estate taxes are considered low by international standards. Despite the property curbs and economic headwinds, a confluence of factors like low crime rates, political stability, business friendliness, and legal transparency has cushioned the downside risks in the market. The intrinsic value of the properties is high, and they enjoy an attractive capital appreciation in the long run.

The market will continue to benefit from the increasing number of super-rich in Asia. The Government's moderate pace of land release and tight supply from collective sales will keep luxury homes in prime locations attractive. With the country's economy rebounding strongly and increasing consumer confidence, luxury home sales will pick up further during the forecast period.

Singapore Luxury Residential Real Estate Industry Overview

Singapore Luxury Residential Real Estate Market is fairly fragmented, with local and global players existing in the market. Key players in the market are leveraging partnerships, acquisitions, and mergers to capture the market share. Some of the major players in the market include City Developments Limited, CapitaLand, Keppel Land Limited, Guoco Land Limited, and Bukit Sembawang Estates Limited.

Singapore Luxury Residential Real Estate Market Leaders

  1. City Developments Limited

  2. CapitaLand

  3. Keppel Land Limited

  4. Guoco Land Limited

  5. Bukit Sembawang Estates Limited

  6. *Disclaimer: Major Players sorted in no particular order
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Singapore Luxury Residential Real Estate Market News

July 2021: GuocoLand Limited ('GuocoLand') and its subsidiaries (together with GuocoLand the 'Group') announced a series of strategic partnerships with local technology companies to accelerate the digitalisation of its business. As part of its digitalisation programme, the Group aims to implement more than 20 digital-related projects over the next two years in its efforts to strengthen its property investment and development businesses, affirming its position as an innovative, forward-looking real estate company. The Group will collaborate with local enterprises Airsquire, Groundup.ai, Operva AI, SpaceAge Labs and Doxa on projects that will deploy artificial intelligence (AI), Internet of Things (IoT), drone technology and smart devices, amongst other innovations.

May 2022: City Developments Limited (CDL) and MCL Land commenced sales for the highly anticipated 407-unit Piccadilly Grand on 7 May 2022. Piccadilly Grand comprises three 23-storey towers seamlessly connected to Piccadilly Galleria, which houses about 1,500 square metres (sqm) of F&B and retail space and a 500 sqm childcare centre on the ground floor. Apartments are integrated with state-of-the-art facilities, smart home technologies, and luxury kitchen appliances from Bosch and fittings and sanitary fittings from Villeroy & Boch and Hansgrohe. Imported marble flooring is provided for the living and dining areas inside the four- and five-bedroom units.

Singapore Luxury Residential Real Estate Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2. RESEARCH METHODOLOGY

  • 2.1 Analysis Methodology
  • 2.2 Research Phases

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Dynamics
    • 4.2.1 Drivers
    • 4.2.2 Restraints
  • 4.3 Value Chain / Supply Chain Analysis
  • 4.4 Industry Policies and Regulations
  • 4.5 Technological Developments in the Sector
  • 4.6 Industry Attractiveness - Porter's Five Forces Analysis
  • 4.7 Impact of COVID-19 on the Market

5. MARKET SEGMENTATION

  • 5.1 By Type
    • 5.1.1 Apartments and Condominiums
    • 5.1.2 Villas and Landed Houses

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration Overview
  • 6.2 Company Profiles
    • 6.2.1 City Developments Limited
    • 6.2.2 CapitaLand Limited
    • 6.2.3 Keppel Land Limited
    • 6.2.4 GuocoLand Limited
    • 6.2.5 Bukit Sembawang Estates Limited
    • 6.2.6 Hoi Hup Realty Pte Ltd
    • 6.2.7 MCC Land Limited
    • 6.2.8 Oxley Holdings Limited
    • 6.2.9 MCL Land
    • 6.2.10 Allgreen Properties Limited*
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

8. DISCLAIMER

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Singapore Luxury Residential Real Estate Industry Segmentation

Prime location, high-end interior finishes such as marble countertops, professional-quality kitchen appliances, customized closets, and hotel-like amenities such as concierge services, a top-of-the-line fitness center, and spa center are often staples of a luxury building. The luxury residential real estate market in Singapore is segmented by. By type, the market is segmented into apartments and condominiums, villas, and landed houses.

By Type Apartments and Condominiums
Villas and Landed Houses
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Singapore Luxury Residential Real Estate Market Research FAQs

What is the current Singapore Luxury Residential Real Estate Market size?

The Singapore Luxury Residential Real Estate Market is projected to register a CAGR of greater than 3% during the forecast period (2025-2030)

Who are the key players in Singapore Luxury Residential Real Estate Market?

City Developments Limited, CapitaLand, Keppel Land Limited, Guoco Land Limited and Bukit Sembawang Estates Limited are the major companies operating in the Singapore Luxury Residential Real Estate Market.

What years does this Singapore Luxury Residential Real Estate Market cover?

The report covers the Singapore Luxury Residential Real Estate Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Singapore Luxury Residential Real Estate Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Singapore Luxury Residential Real Estate Industry Report

Statistics for the 2025 Singapore Luxury Residential Real Estate market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Singapore Luxury Residential Real Estate analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.