As non-landed home prices in Singapore’s Core Central Region (CCR) surged by 3% in the second quarter of 2025, they significantly outperformed other segments of the market. This notable increase in CCR prices reflects a resilient demand amidst a broader landscape where overall private home prices in Singapore edged up by a modest 1%.
The strength of the CCR can largely be attributed to its appeal to local buyers, who have emerged as the primary drivers of demand, effectively counterbalancing the decline in foreign buyer activity.
High-end projects, such as 21 Anderson and Skywaters Residences, played pivotal roles in this performance. At 21 Anderson, five units were sold at a staggering median price of $4,811 per square foot (psf). Meanwhile, a unit at Skywaters Residences achieved an even higher price of $5,841 psf.
These transactions exemplify the strong appetite for luxury living in the CCR, where buyers are willing to invest significantly for premium properties. The strong sales numbers in the CCR highlight its status as a sought-after locale, attracting buyers even in a landscape marked by buyer resistance in other segments, particularly in landed properties.
Despite the overall increase in private home prices, the market has seen varying trends across different segments. The landed segment has faced challenges, with buyer resistance impacting sales.
In contrast, the CCR has not only maintained its attractiveness but has also showcased robust buyer interest in recent launches. Developments such as UPPERHOUSE and The Robertson Opus, which were launched in July, demonstrated this confidence with sales rates of 54% and 41%, respectively.
These figures indicate that buyers remain optimistic about the CCR, further reinforcing the area’s status as a resilient segment within the property market.
Industry experts have noted the significance of local buyers in sustaining the momentum in the CCR. As foreign buyer activity wanes, the reliance on local demand has become ever more critical.
This shift underscores a growing trend where Singaporean buyers are increasingly prioritizing properties within the CCR, drawn by its central location, accessibility, and lifestyle offerings. Such dynamics contribute to the CCR’s leading position in the market, as local buyers continue to seek out premium real estate options.
NEW CONDO LAUNCH: DOVER RESIDENCE
Dover Residence is a newly launched condominium project situated in the Rest of Central Region (RCR) of Singapore, designed to attract local buyers.
While specific Dover Residence Price details have yet to be released, developers are likely to implement competitive pricing strategies.
The project is strategically placed near essential amenities and transportation links, making it an attractive option for potential homeowners.
Interested buyers can explore the Dover Residence Project Information, including Dover Residence Floor Plan and Dover Residence Site Plan.
View Dover Residence Condo Showflat & Get VVIP Discount. Register or contact 6100 8822 to book showflat appointment.
News Source: Edgeprop
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