Private residential property prices experienced a modest increase of 0.5% quarter-on-quarter in the second quarter of 2025, according to the Urban Redevelopment Authority’s flash estimate. This rise follows a 0.8% increase in the first quarter of 2025 and a more substantial 2.3% increase in the fourth quarter of 2024.
The gradual upward trend in property prices indicates a degree of resilience in the market, despite ongoing external challenges that have impacted economic conditions.
The landed housing segment showed a positive trajectory, with a price increase of 0.7% in the second quarter. This growth reflects sustained demand for landed properties, which typically attract buyers seeking larger living spaces.
Furthermore, the Core Central Region recorded a notable 2.3% price increase, driven largely by premium launches that have captured the attention of affluent buyers. Such developments often command higher prices and contribute significantly to the overall performance of the property market in this area.
In contrast, the Rest of Central Region faced a downturn, experiencing a price decline of 1.1%. This reversal of previous gains highlights the volatility within specific segments of the market, emphasizing how localized economic factors can influence price performance.
Additionally, the Outside Central Region demonstrated a 0.9% increase, indicating a mixed but generally favorable trend in property prices across different geographical areas.
Despite the positive price movements, the broader market context reveals a significant decline in new home launches and sales. The reduction in new projects suggests that developers may be exercising caution in response to prevailing economic uncertainties and fluctuating buyer sentiment.
This cautious approach could also be reflective of supply chain disruptions and rising construction costs, which have plagued the real estate sector.
The slight price growth in the second quarter of 2025, amid fewer new launches, underscores the complex dynamics at play in the market. While some areas demonstrate resilience, others reveal underlying weaknesses that could impact future performance.
The data suggests that the market is navigating through challenges, yet still managing to maintain a level of stability.
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News Source: Edgeprop
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