Singapore’s new home sales in April 2025 experienced a decline for the second consecutive month, with 663 private homes sold, marking a 9.1% decrease from March’s 729 units. This downturn comes as buying sentiment remains cautious due to ongoing global trade frictions and geopolitical tensions, according to Tricia Song, CBRE Head of Research for Singapore and Southeast Asia.
April’s sales bring the total number of new homes sold in 2025 to 4,038 units. Despite the decline, the number of units sold in April more than doubled compared to the same month last year, which saw only 301 units sold. The top-selling project was One Marina Gardens, which sold 384 units at a median price of $2,948 per square foot (psf), representing 41% of its total units.
The Rest of Central Region (RCR) led the market segment in April, accounting for 83.1% of developer sales, largely due to the launches of One Marina Gardens and Bloomsbury Residences. The Outside Central Region (OCR) followed with 14.3% of sales, whilst the Core Central Region (CCR) underperformed with just 2.6% of sales.
Looking ahead, CBRE Research anticipates a slowdown in new home sales for the remainder of 2025, projecting a total of 7,000 to 8,000 units sold for the year. This forecast reflects the potential for developers to delay launches amid economic uncertainty. Private home prices rose by 0.8% quarter-on-quarter in Q1 2025, with a full-year increase of 3-4% expected, contingent on economic conditions.
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