In May 2025, developer sales plunged nearly 53% month-on-month, with just 312 private residential units sold. This significant drop is alarming, especially when you consider the active property market in the previous months. The primary cause of this decline appears to be the lack of major project launches during the month. Without new offerings to entice buyers, it’s no surprise that sales took a hit.
However, it’s worth noting that while month-on-month sales have dropped sharply, year-on-year figures tell a different story. Compared to May 2024, sales increased by an impressive 39.9%. This suggests that the market still holds potential, even if May 2025 stands out for its downturn.
A closer look at the numbers reveals that the Rest of Central Region (RCR) accounted for the majority of sales, making up 61.2% of the total, while suburban areas (OCR) contributed 34% and the Core Central Region (CCR) only 4.8%. This distribution highlights where the interest is concentrated, and it might guide potential buyers in their search for a new home.
Among the notable projects contributing to sales, One Marina Gardens led the pack with 62 units sold. This project seems to have successfully captured buyer interest, signaling that there’s still demand for well-positioned properties.
Bloomsbury Residences also made its mark, selling 32 units. These figures should give developers some hope that while the overall market may be struggling this month, specific projects can still perform well. It’s a reminder that even in a downturn, there are pockets of opportunity to explore.
If you’re in the market for a new home, this could be a strategic time to consider your options. With fewer units being sold, you might find yourself in a better negotiating position. Developers may be more willing to offer incentives or lower prices to encourage sales when the market slows down.
Keep an eye on upcoming projects as well; once a new launch happens, you could see a shift in buyer sentiment, and competition may heat up again.
For potential investors, understanding the trends and dynamics of the market can be crucial. With the significant increase in year-on-year sales, it’s clear that demand is still present, even if it faltered in May.
If you’re contemplating an investment, consider the areas where sales are thriving. The RCR’s dominance in sales might suggest it’s a hot spot worth your attention.
NEW CONDO LAUNCH: BLOOMSBURY RESIDENCES
Bloomsbury Residences is a premier condo project that has gained attention for its affordability and strategic location.
With a variety of Bloomsbury Residences floor plan options available, potential buyers can explore the Bloomsbury Residences price list that cater to a range of budgets.
The Bloomsbury Residences Project Details highlight its modern amenities and appealing design, making it a sought-after choice for new homebuyers.
For more information, including the Bloomsbury Residences e-brochure, visit the official site.
View Bloomsbury Residences Showflat & Get VVIP Discount. Register or contact 6100 8822 to book showflat appointment.
News Source: Edgeprop
Images aren’t actual photos. For illustration purpose only.