Singapore’s private residential property market has demonstrated resilience in Q2 2025, with prices rising by 0.5% quarter-on-quarter (qoq), according to flash estimates from the Urban Redevelopment Authority (URA). This growth, although slower than the 0.8% increase in Q1 2025, comes amidst global economic uncertainties, including potential US trade tariffs and geopolitical tensions.
Landed residential properties saw a 0.7% qoq increase, buoyed by limited supply and strong local demand. Non-landed residential prices also rose by 0.5% qoq, driven by the Core Central Region (CCR) and Outside Central Region (OCR), which experienced increases of 2.3% and 0.9% qoq, respectively. However, the Rest of Central Region (RCR) saw a 1.1% qoq decline, attributed to the specific mix of units sold rather than a drop in demand.
Wong Xian Yang, Head of Research Singapore & SEA at Cushman & Wakefield, noted, “The CCR market is a market to watch, and could see potential growth, after years of lagging price performance.”
Despite a 40.2% qoq decline in overall private residential sales volume to 4,340 units, the resale market accounted for over half of the sales. The forecast for 2025 suggests a 2-3% year-on-year price growth, supported by strong household balance sheets and low unemployment rates.
Looking ahead, sales volumes are expected to range between 19,000 and 23,000 units for 2025, contingent on the absence of new cooling measures or unforeseen economic shocks.
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