Singapore’s property market is facing a significant shift, with growth estimates for 2025 revised down to just 0%-1%. This adjustment, down from a previous estimate of 1%-2%, stems from mounting concerns over the US-China trade war and ongoing global tariff uncertainties. As a result, you may find that the market’s trajectory is changing, creating a more cautious outlook for potential buyers and investors alike.
The Overall Property Price Index’s growth of only 0.6% in the first quarter of 2025 starkly contrasts with the more robust 2.3% growth seen in the previous quarter. This slowdown signals a shift in dynamics that could impact your investment choices and purchasing decisions. You might notice that these economic pressures are influencing the stability of property prices, making it crucial to pay attention to market trends and forecasts as they develop.
Affordability is becoming a pressing issue in the market. The average private home price-to-income ratio reached a staggering 14.6 times in 2024, surpassing the historical average of 13.6 times. If you’re considering entering the property market, this could mean higher barriers to ownership. With prices rising faster than income growth, you may find it increasingly challenging to secure a home without stretching your finances. This growing affordability issue could lead you to rethink your options, whether you’re a first-time buyer or an upgrader.
Interestingly, the proportion of HDB upgraders purchasing new launches has dropped significantly to just 22% in 2024, a steep decline from the historical average of 50%. This shift suggests that many potential buyers like you’re being priced out of the new launch market. If you’ve been considering an upgrade, this trend might lead you to explore alternative housing options, as the landscape continues to evolve.
Despite the downturn in property price growth, major developers still report strong pre-sales, with over 80% of their inventories sold. This indicates that there’s still sustained interest in the market, particularly in new launches located in the Core Central Region and the prime Rest of Central Region. If you’re looking to invest, this might present an opportunity as developers adapt to changing demands and preferences.
As the Singapore property market navigates this critical period, it’s essential for you to stay informed and consider how these shifts may impact your real estate aspirations. Understanding the implications of slower price growth and affordability challenges can help you make more strategic decisions. The landscape is shifting, and it’s vital to be prepared for the next big test that awaits in the evolving market.
NEW CONDO LAUNCH: BLOOMSBURY RESIDENCES
[Bloomsbury Residences](https://bloomsbury-residences.com.sg) is an exciting new condominium launch in Singapore’s prime Core Central Region, featuring attractive pricing due to recent land cost adjustments.Future buyers can explore the [Bloomsbury Residences Floor Plan](https://bloomsbury-residences.com.sg/floor-plans) and [Bloomsbury Residences Project Information](https://bloomsbury-residences.com.sg/project-information-details) to understand the layout and offerings.
With a strategic position amidst a market with a growing demand for private housing, this development is poised to attract interest.
View [BLOOMSBURY RESIDENCES](https://bloomsbury-residences.com.sg) 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.