SINGAPORE, Nov. 23 -- Affluent Singaporeans are increasingly dominating the nation's high-end property market, snapping up luxury homes in prime districts as foreign buyers retreat in the face of higher stamp duties, according to the latest market data.

This domestic-led momentum, which saw luxury home sales jump by over 20 per cent in the third quarter of 2025, is now expected to shape the next wave of ultra-luxury launches in 2026, The Straits Times reported.

Market reports underscore a clear trend. From July to September, Singaporeans accounted for 76 per cent of all homes sold for S$5 million (RM15.9 million) or more in the core central region (CCR), up from 70 per cent in the previous quarter, according to a report by OrangeTee.

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