As private home prices continue to rise, the market demonstrated resilience in the face of declining transaction volumes. In the second quarter of 2025, private residential property prices recorded a 0.5% increase quarter-on-quarter, building on a 0.8% rise observed in the first quarter and a 2.3% increase in the last quarter of 2024. This upward momentum indicates a strong demand for housing despite the broader challenges faced by the market.
The price growth was particularly pronounced in the Core Central Region (CCR), which saw a notable increase of 2.3%. This surge can be attributed to several premium property launches that attracted buyers looking for high-end offerings. In contrast, the Outside Central Region (OCR) experienced a more modest price increase of 0.9%. This disparity highlights the ongoing appeal of prime properties in the CCR, where buyers remain willing to invest despite fluctuations in the market dynamics.
The landed housing segment also showcased resilience, recording a price increase of 0.7% in the second quarter. This sector’s performance reflects a sustained demand for landed properties, which are often seen as more desirable due to their privacy and space. Homebuyers continue to show a preference for landed homes, indicating that despite the overall reduction in transaction volumes, certain segments of the market remain robust.
However, the overall landscape is not without its challenges. Developer sales plummeted by 64.4% in the second quarter of 2025. This remarkable decrease in sales reflects the impact of fewer property launches, which have contributed to a tighter supply in the market. Developers have been increasingly cautious, responding to market conditions by scaling back their launch plans.
Despite this downturn in sales activity, home prices have managed to maintain their upward trajectory, illustrating a disconnect between transaction volumes and price movements.
Looking forward, analysts project that the overall price growth for private homes in 2025 will stabilize between 3% to 4%. This forecast suggests a cautious yet optimistic outlook for the market, indicating that while sales activities may slow, the fundamental demand for housing remains strong. Buyers seem resolute in their pursuit of property ownership, which is supported by favorable economic conditions and ongoing interest in real estate as a long-term investment.
NEW CONDO: GEMS VILLE
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News Source: Edgeprop
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