As Singapore’s private residential property market shows signs of resilience, the price index rose by 0.8% in the first quarter of 2025, building on a stronger 2.3% increase in the previous quarter. This upward trend indicates a robust recovery and highlights the ongoing demand for residential properties in the city-state.
Non-landed properties specifically played a significant role in this growth, with prices increasing by 1% quarter-on-quarter. The Rest of Central Region (RCR) recorded the most significant growth at 1.7%, showcasing its rising appeal among buyers.
The narrowing price gap between the Core Central Region (CCR) and RCR is another noteworthy development. The difference has shrunk to just 1.0%, the narrowest since the first quarter of 2013. This shift could signal potential buying opportunities in the CCR for investors and homeowners looking to capitalize on the evolving market.
As the price dynamics shift, properties in this area could provide strong value in the coming months.
Despite the overall rise in prices, the resale market has experienced a unique situation. Resale prices of private homes rose by 2.2%, even as these transactions made up the smallest proportion of overall sales in 19 quarters. This trend indicates a competitive landscape, driven primarily by new launches that have captured the attention of buyers.
While resale properties traditionally attract a steady stream of interest, the current climate suggests that new developments are taking center stage, prompting consideration of the advantages of purchasing newly launched properties.
Expectations for moderate growth in private residential prices are set for 2025, with an overall increase projected between 3% and 4% for the year. This forecast underscores the resilience of the market and suggests that current price trends are more than just a temporary blip.
Property investments could be strategized accordingly, as this anticipated growth could provide promising returns.
NEW CONDO LAUNCH: BLOOMSBURY RESIDENCES
Bloomsbury Residences is a newly launched condominium project in Singapore, set to meet the rising demand for modern living spaces.
With various unit types and sizes, it caters to both investors and homebuyers. The project promises attractive pricing and detailed floor plans, enhancing its appeal in a competitive market.
As unsold private homes decline, Bloomsbury Residences is positioned to thrive amid strong buyer interest.
Interested parties can view the Bloomsbury Residences Showflat and enjoy VVIP discounts. Register or contact 6100 8822 to book a showflat appointment.
News Source: Edgeprop
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