Singapore’s private residential market demonstrated resilience in Q2 2025, with prices rising by 1% quarter-on-quarter, despite a notable slowdown in sales activities. This increase, reported by the Urban Redevelopment Authority (URA), comes amidst escalating global trade tensions and geopolitical conflicts, which have dampened market sentiment.
The number of new private homes launched by developers fell sharply by 51.6% from 3,139 units in Q1 2025 to 1,520 units in Q2 2025. Sales also dropped by 64.1% to 1,212 units. This decline is attributed to cautious market sentiment and the seasonal lull during the June school holidays, according to Chia Siew Chuin, Head of Residential Research at JLL Singapore.
Despite these challenges, the private residential price index’s growth was driven by a 2.2% increase in the landed property segment, whilst non-landed properties saw a modest 0.7% rise. The Core Central Region (CCR) outperformed with a 3% price increase, bolstered by the launch of 21 Anderson and ongoing sales from other CCR projects.
The unsold inventory of private residential units grew slightly by 2.1% to 18,653 units, yet remains significantly below pre-COVID levels. This indicates a healthy demand, particularly in the CCR, where local buyers dominate.
Looking ahead, developers are expected to remain cautious in land acquisition due to tight profit margins and market uncertainties. However, the stable leasing market, evidenced by a 0.8% rise in private home rents, suggests continued resilience in the sector.
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