Singapore’s property market has demonstrated resilience in the face of global trade tensions, with prices stabilising and increasing by 0.5% in the second quarter (Q2) of 2025. This comes after the US imposed a 10% tariff on almost every country, including Singapore, in April 2025, causing concerns over the export-oriented economy. According to Mark Yip, CEO of Huttons Asia, whilst some buyers hesitated, the market’s upper tier saw increased activity, with over 10 transactions for Good Class Bungalows valued at more than $300 million.
Transaction volumes, however, dipped by over 40% quarter-on-quarter to 4,267 units in Q2 2025, marking a 13.2% year-on-year decline. Despite this, the luxury segment remained robust, with projects like 21 Anderson achieving significant sales. The ultra-luxury project sold five units, with one fetching $5,347 per square foot, reflecting confidence in Singapore’s status as a safe haven.
In terms of new launches, approximately 1,400 units were introduced in Q2 2025, a 55.4% decrease from the previous quarter but more than double the number from Q2 2024. Notable projects included Arina East Residences and One Marina Gardens, which sold nine and 462 units, respectively.
Looking ahead, the swift conclusion of a trade framework between China and the US is expected to bolster market confidence. Huttons Data Analytics predicts that developers may sell between 7,500 and 8,500 units in 2025, with prices potentially rising by 4% to 7%. The upcoming months will see the launch of 16 projects, including an Executive Condominium, with more than 7,800 units expected to hit the market.
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