Singapore’s private residential property price index saw a modest increase of 0.8% in the first quarter of 2025, a decline from the 2.3% growth recorded in the previous quarter. This shift indicates a cooling in the property market, as the growth rate has slowed in comparison to the previous months.
Nevertheless, the data reveals that non-landed properties registered a 1% quarter-on-quarter price increase, reflecting a continued demand in certain segments of the market.
Particularly noteworthy is the performance of the Rest of Central Region (RCR), which demonstrated the highest growth among various regions, recording a 1.7% quarter-on-quarter increase and an impressive 7.3% increase year-on-year. This growth in the RCR has contributed significantly to the overall price index, showcasing its attractiveness to buyers and investors alike.
The narrowing price gap between the Core Central Region (CCR) and the RCR to just 1.0% marks the lowest differential since the first quarter of 2013, presenting potential buying opportunities for those considering investments in the CCR.
Despite the overall increase in property prices, the resale market experienced a shift in dynamics. Resale prices rose by 2.2%, yet the proportion of resale transactions accounted for 49.1% of overall private home sales. This figure represents the smallest share recorded in 19 quarters, highlighting the growing competition from new launches that are drawing buyers’ attention away from the resale market.
As new developments continue to emerge, they are likely to reshape the landscape of private residential property transactions in Singapore.
The current market conditions are further underscored by the decline in unsold stock of uncompleted private homes, which fell by 6.6% from the previous quarter. With only 18,125 units remaining unsold, this figure marks the lowest level of unsold stock in five quarters, suggesting that the appetite for new properties remains strong.
The reduction in unsold inventory not only reflects the increasing demand but may also lead to heightened competition among developers to attract buyers through new projects.
NEW CONDO LAUNCH: SPRINGLEAF MODERN
Springleaf Modern is an exciting new condo launch set to contribute to Singapore’s growing private residential market in 2025.
With a favorable market condition and strong demand for new projects, buyers can look forward to detailed insights, including the Springleaf Modern floor plan and project information.
The launch date is highly anticipated, and prospective homeowners are encouraged to explore the Springleaf Modern price options.
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News Source: Edgeprop
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