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Sales rose 27% to SGD34.12 billion (US$26.92 billion), the highest since 2017, according to property consultancy Savills, as reported by The Straits Times.

Public-sector investment sales jumped 32%, boosted by a rise in state tenders, while private sector investment went up 23%, supported by renewed interest in high-end residential properties and other factors.

Residential investment sales amounted to SGD4.4 billion in the fourth quarter, accounting for the largest share of total investment sales at 40%.

Savills noted that high-end residential sales, particularly landed properties, in the end of the year was stronger than in the first half of 2025, pointing to a recovery supported by lower borrowing costs and improving buyer sentiment.

The most expensive landed home sold in the fourth quarter was a Good Class Bungalow on Peirce Road, which fetched SGD148 million.

Commercial investment sales accounted for 31.5% of total sales, while industrial claimed 19.4%.

“With interest rates expected to stay low, asking prices having adjusted downward, and opportunities to refresh tenant mixes through repositioning into newer formats, more assets are now achieving positive carry for prospective buyers,” said Alan Cheong, executive director of research and consultancy at Savills Singapore.

If local equity markets continue to perform well, a rise in property company listings can also be anticipated, he said.

Furthermore, as the existing stock of buildings continues to age, redevelopment activity may gather pace, supported by government incentive schemes that encourage urban renewal and asset rejuvenation, he added.