As private home prices in Singapore experienced a modest increase of 1% in the second quarter of 2025, the Core Central Region (CCR) emerged as a standout performer, driving much of this growth. This area, known for its prime locations and high-end developments, witnessed a remarkable quarter-on-quarter rise of 3% in non-landed home prices. The increase can largely be attributed to the strong sales figures from notable high-end projects such as 21 Anderson and Skywaters Residences, which have captured the attention of discerning buyers.
The demand in the CCR remains robust, primarily fueled by local buyers, despite a noted decline in foreign activity within the property market. According to JLL’s Chia, this trend underscores the resilience of the CCR, which continues to attract interest from Singaporean investors looking to secure premium properties. The market’s dynamics have shifted, with local buyers stepping in to fill the gap left by foreign investors, a trend that has become increasingly apparent in recent months.
Sales data from specific developments within the CCR further illustrate this trend. At 21 Anderson, five units were sold at a median price of $4,811 per square foot, showcasing the area’s appeal to buyers willing to invest in high-value properties. Meanwhile, Skywaters Residences achieved even higher sales, with a unit fetching $5,841 per square foot. These figures not only highlight the strength of the premium market but also point to a sustained appetite for luxury living within the CCR.
Interestingly, the overall market for landed homes saw a decline in transactions during this period. However, this does not reflect a lack of interest in high-end properties. In fact, the sales of Good Class Bungalows (GCBs) within the CCR indicate a continued preference for luxury real estate, as affluent buyers appear undeterred by the broader market’s downturn.
This juxtaposition of declining transactions in certain segments versus the sustained interest in luxury homes suggests a complex and evolving real estate landscape. The CCR’s performance in the second quarter of 2025 is a testament to its enduring appeal and potential for growth.
With local buyers leading the charge, it appears that the region is well-positioned to weather fluctuations in foreign investment. The combination of strong demand for premium properties and the resilience of the local buyer base bodes well for the CCR’s future prospects.
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News Source: Edgeprop
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