As the prime condo market rebounded in the first half of 2025, sales surged to $997.5 million, reflecting a remarkable 60.9% increase from the previous period. This resurgence was marked by a total of 120 units sold, a notable rise from 85 units in the second half of 2024. The increase in transactions showcases a renewed confidence among buyers, who are now more inclined to invest in high-end residential properties.
The substantial growth in sales figures is further highlighted by a comparison with the first half of 2024, where sales amounted to $787.4 million. The current figures indicate a 26.7% increase year-on-year, suggesting a strengthening market characterized by a shift in buyer sentiment. As luxury properties become increasingly attractive, buyers appear more willing to engage with premium pricing, indicating an evolving perspective on the value of high-end real estate.
In terms of pricing, the average cost per square foot for luxury condominiums has risen to $2,534 in the first half of 2025. This represents a 10.6% increase from the previous period’s average of $2,291 psf in the second half of 2024. Such a rise in average prices points toward a robust demand for luxury residences, as buyers seek to secure prime properties that align with their lifestyle aspirations.
The upward trend in pricing is not only indicative of market recovery but also reflects a growing willingness among buyers to invest in exclusive developments. Among the notable transactions during this period was the sale of a penthouse at Park Nova, which fetched an impressive $38.888 million, marking it as the largest deal of the timeframe.
Such high-profile transactions serve to reinforce the appeal of prime residential properties in the current market. The success of this sale highlights the ongoing demand for luxury living spaces, particularly in sought-after locations that offer both exclusivity and high-end amenities.
The shift in buyer sentiment is a crucial factor behind the revitalization of the prime condo market. As economic conditions stabilize and consumer confidence improves, buyers are increasingly optimistic about making significant investments in real estate. This change in outlook has led to a more active market, encouraging developers and investors to engage with potential buyers more proactively.
NEW CONDO LAUNCH: DOVER RESIDENCE
Dover Residence is a new luxury condo development launched in 2025, designed to meet the rising demand for spacious prime non-landed residences.
Featuring modern units with a minimum size of 2,500 sq ft, the Dover Residence project aims to attract local buyers, new citizens, and permanent residents.
Interested buyers can explore the Dover Residence floor plan and site plan to find their ideal home.
For pricing details, potential buyers can request the Dover Residence ebrochure.
View Dover Residence Condo ShowFlat & Get VVIP Discount.
Register or contact 6100 8822 to book showflat appointment.
News Source: Edgeprop
Images are not actual photos. For illustration purpose only.
