Condo resale prices in Singapore remained largely stable in May 2025, despite a notable 17.5% drop in sales volume from the previous month, according to the latest 99-SRX Media Flash Report. The decline in transactions is attributed to buyers exercising caution amid global uncertainties, including rising geopolitical tensions and the potential economic impact of resumed US tariffs.
The report highlights that whilst overall prices saw a slight month-on-month decrease, they have increased by 5.3% year-on-year. Specifically, prices in the Core Central Region (CCR) and Outside Central Region (OCR) rose by 0.2% and 0.3%, respectively, whereas the Rest of Central Region (RCR) experienced a 0.5% decline.
Chief Data & Analytics Officer at 99.co, Luqman Hakim, noted that the market could see shifts in the coming months with new developments like The Robertson Opus and The Sen offering more options for buyers. “Whether that translates into softer condo resale prices remains to be seen,” he commented.
In May, an estimated 968 units were resold, marking a 20.3% decrease compared to May 2024 and 3.4% below the five-year average for the month. The highest resale price was recorded at Wing on Life Garden for $6,600,000 S$9,000,888.
The report also revealed that the overall median capital gain for resale condos was S$365,000, a decrease of S$35,000 from April. District 22 posted the highest median capital gain at S$861,000, whilst District 4 recorded the lowest at S$100,000. The median unlevered return stood at 30.6%, with District 22 achieving the highest return of 112.9%.
As the market navigates these fluctuations, the introduction of new projects may provide a wider range of choices for potential buyers, potentially influencing future resale dynamics.
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