As the housing market demonstrates resilience amid external pressures, private home prices saw a quarter-on-quarter increase of 0.5% in 2Q2025. This growth follows a 0.8% rise in the previous quarter and a more substantial 2.3% increase recorded in 4Q2024. The Urban Redevelopment Authority’s flash estimate attributes this price growth to the market’s ability to withstand challenges, including external factors such as US tariffs.
The landed housing segment contributed positively to the overall increase, registering a price rise of 0.7% in the second quarter. This reflects continued demand despite the economic uncertainties that have affected various sectors.
In contrast, the Core Central Region (CCR) experienced a notable surge, with prices escalating by 2.3%. This increase can be largely attributed to premium launches within the area, which have drawn considerable interest from buyers seeking quality properties. The performance of the CCR stands out as a testament to the sustained allure of prime real estate locations, showcasing resilience and high demand.
However, not all segments experienced positive growth. The Rest of Central Region (RCR) saw a 1.1% decline in prices, reversing previous gains in that area. This downturn indicates a divergence in market performance across different regions, suggesting that while certain segments thrive, others may encounter challenges. The decline in the RCR emphasizes the need to assess localized conditions in addition to overall trends in the housing market.
Conversely, the Outside Central Region (OCR) fared well, with a price increase of 0.9%. The resurgence in this segment was bolstered by strong activity in the resale market, including a series of luxury transactions exceeding $10 million. This trend highlights a growing interest among buyers in properties outside the central areas, reflecting a broadening of market interests and buyer preferences.
Despite the overall increase in private home prices, the number of new launches in the market has been on the decline. This reduction in supply may have contributed to the upward pressure on prices, as potential buyers compete for a limited number of available homes. The limited launches can lead to heightened competition and bidding wars, particularly in desirable neighborhoods, further driving prices upward.
The current landscape of the housing market underscores a cautious optimism among stakeholders, as they navigate through external economic challenges while also observing localized trends. As the market continues to demonstrate resilience, the focus on balancing supply and demand will remain crucial.
Buyers and investors alike will likely keep a close eye on emerging trends and fluctuations, as the dynamics of the housing market evolve in response to both internal and external factors. Overall, the steady rise in private home prices reflects a complex interplay of demand, supply constraints, and regional performance, shaping the future of the residential property landscape.
NEW CONDO LAUNCH: DOVER RESIDENCE
Dover Residence, a highly anticipated condominium launch set for 3Q2025, promises to be a key player in the competitive market landscape.
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Prospective buyers can explore the Dover Residence floor plan and pricing options to find their ideal home.
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News Source: Edgeprop
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