Resale Condo Prices in Singapore: A 2025 Market Outlook

1. What Are Resale Condos?

Resale condos refer to private condominium units sold by current owners, as opposed to brand-new units sold directly by developers. These homes are usually located in established estates, often with better access to schools, MRT stations, and amenities. Unlike new launches, buyers of resale condos can move in almost immediately after the transaction is complete.

2. Factors Influencing Resale Condo Prices in Singapore

Several elements determine the pricing of resale condominiums across the island:

Location: Condos in prime districts such as Orchard, River Valley, and Marina Bay consistently command higher resale values. In contrast, suburban regions like Tampines or Jurong offer more affordable options while still enjoying strong demand.
Age of the Property: Newer condos usually fetch higher prices due to modern facilities, less wear and tear, and contemporary layouts. Older condos may be more spacious but may face depreciation unless located in a highly desirable area.
Size and Layout: Larger units, especially 3- and 4-bedroom condos, tend to be priced at a premium because of limited supply and high demand from families.
Facilities and Maintenance: Well-maintained developments with modern facilities like infinity pools, gyms, and lush landscaping influence resale demand positively.
Market Conditions: Economic climate, government cooling measures, and mortgage rates all affect resale condo prices. In recent years, Singapore’s strict property curbs have helped keep prices stable while ensuring long-term sustainability.

3. Average Resale Condo Prices in Singapore (2025 Snapshot)

As of early 2025, resale condo prices vary significantly depending on the region:

Region	Average Price (per sq ft)	Typical 2-Bedroom Unit Price	Market Trend
Core Central Region (CCR)	$2,300 – $3,500	$2M – $3.5M	Stable, high demand
Rest of Central Region (RCR)	$1,800 – $2,500	$1.5M – $2.5M	Growing interest
Outside Central Region (OCR)	$1,400 – $1,900	$1M – $1.8M	Strong demand from upgraders

These figures reflect broad averages and can vary widely between individual developments.

4. Resale Condos vs New Launches

Buyers often compare resale condo prices in Singapore with new launch prices before making a decision.

Immediate Occupancy: Resale condos allow for quick move-in, while new launches may take 3–4 years for completion.
Space Advantage: Older resale units tend to be more spacious compared to compact layouts of new launches.
Pricing Differences: New launches often come at a premium due to marketing and novelty. Resale condos can provide better value, especially in mature estates.
Facilities and Design: New launches feature state-of-the-art facilities and modern layouts, while resale condos may require some renovation.

5. Popular Districts for Resale Condo Purchases

Orchard River Valley (District 9): Home to prestigious developments and luxury living, resale units here consistently fetch top-tier prices.
East Coast (Districts 15 16): Popular for its lifestyle appeal, proximity to the beach, and vibrant dining scene.
Bukit Timah (District 10 11): A family-friendly location with proximity to top schools and greenery.
Tampines Pasir Ris (District 18): Attractive to young families and upgraders, offering affordability and strong community living.
Jurong (District 22): Positioned for growth with the Jurong Lake District transformation, making resale condos here a promising bet.

6. Government Regulations and Their Impact

The Singapore government implements cooling measures to ensure the property market remains healthy and sustainable. These policies directly affect resale condo prices:

Additional Buyer’s Stamp Duty (ABSD): Keeps speculative demand in check.
Loan-to-Value (LTV) Limits: Regulates the amount buyers can borrow, affecting affordability.
Seller’s Stamp Duty (SSD): Discourages short-term flipping of properties.

Such measures ensure resale condo prices grow steadily rather than in volatile spikes, making the market attractive for long-term investors.

7. Why Buyers Choose Resale Condos

Mature Locations: Resale condos are often located in well-developed neighborhoods with existing amenities.
Larger Floor Plans: Many older condos offer generous space, catering to families.
Transparent Pricing: Buyers can assess historical transaction data to negotiate effectively.
Immediate Utility: No waiting period; buyers can rent out or occupy the property soon after purchase.

8. Future Outlook for Resale Condo Prices in Singapore

Looking ahead to 2025 and beyond, several trends are likely to shape the resale condo market:

Steady Growth: With limited land supply and ongoing demand, prices are expected to remain firm.
Rise of Suburban Demand: Districts in the OCR may see faster growth as more families prioritize affordability and connectivity.
Green and Smart Living: Resale condos that have undergone renovations or upgrades to feature sustainable and smart home technologies will enjoy higher demand.
Foreign Buyer Interest: Despite ABSD, Singapore remains a global investment haven, sustaining demand in the luxury resale market.

9. Tips for Buyers Considering Resale Condos

Check Lease Tenure: Many resale condos are leasehold properties; ensure there’s sufficient balance to retain value.
Evaluate Maintenance Costs: Older condos may have higher monthly maintenance fees.
Inspect the Unit Thoroughly: Renovation costs should be factored into your budget.
Study Transaction Trends: Compare recent sales within the same development for fair pricing.
Plan Financing Wisely: Understand current loan eligibility rules and stamp duties before committing.

Final Thoughts

The market for resale condo prices in Singapore remains vibrant, supported by a strong economy, limited land supply, and growing demand from both locals and foreigners. Whether you are a first-time buyer, an upgrader, or a seasoned investor, resale condos offer a balance of value, convenience, and lifestyle appeal.

In 2025, buyers can expect stable yet resilient price growth, with opportunities spread across both prime districts and suburban heartlands. The key lies in choosing the right location, assessing long-term potential, and making informed financial decisions.