Singapore’s new home sales experienced a decline in April 2025, with only three new projects launched, primarily in city fringe and prime locations. According to the Urban Redevelopment Authority (URA), sales excluding executive condominiums (ECs) fell by 9.1% to 663 units from 729 units in March. Including ECs, sales plummeted by 49.7% to 759 units from 1,510 units in the previous month.
The limited launches included the 937-unit One Marina Gardens and the 358-unit Bloomsbury Residences, both in the city fringe, and the smaller 19-unit 21 Anderson. One Marina Gardens emerged as the top performer, selling 384 units at a median price of S$2,948 per square foot. Its strategic location near Marina South MRT station and proximity to amenities like Gardens by the Bay and Marina Bay Sands attracted investors keen on capitalising on future capital and rental appreciation.
Sales were predominantly from the Rest of Central Region (RCR), accounting for 83.1% of transactions, followed by the Outside Central Region (OCR) at 14.3%, and the Core Central Region (CCR) at 2.6%. The ultra-luxury market saw increased interest, with four non-landed private homes sold above S$10m, the highest monthly sales in a year.
Looking ahead, macroeconomic uncertainties persist, though Singapore’s private property market remains attractive to investors. Upcoming project launches, such as the 107-unit Arina East Residences, are expected to stimulate buying activity, particularly in the third quarter.
“`
