Private residential property prices increased modestly by 0.5% quarter-on-quarter in the second quarter of 2025, following stronger gains in earlier months. This gradual increase occurred despite a notable decline in new private home launches, which plummeted by 55% to approximately 1,420 units from 3,139 units in the previous quarter. The reduction in new launches highlights a tightening supply situation in the residential market, which could influence future pricing trends.
In the context of this modest price increase, the landed housing segment experienced a price growth of 0.7% in 2Q2025. This segment’s resilience may be attributed to sustained demand for landed properties, which are often seen as more desirable and stable investments.
Moreover, the Core Central Region (CCR) reported a remarkable 2.3% rise, buoyed by several premium launches that captivated buyers looking for high-end living options. These developments indicate a robust appetite for upscale properties, even as the overall market grapples with declining new sales.
By contrast, the Rest of Central Region (RCR) faced a price decline of 1.1%, reversing previous gains and signaling potential challenges in that area. The downturn in RCR pricing could reflect a cooling market sentiment or shifting buyer preferences toward more attractive regions.
Meanwhile, the Outside Central Region (OCR) recorded a 0.9% price increase, suggesting that buyers may be looking for more affordable options, thereby pushing prices slightly higher in less central areas.
The overall resilience of home prices, even in the face of declining new sale transactions, indicates a stable market outlook for the remainder of 2025. Analysts anticipate that the annual price growth will stabilize between 3% and 4% for the year. This forecast reflects confidence in the underlying strength of the property market, driven by factors such as continued demand, particularly for landed and premium properties, despite the significant drop in new launches.
Investors and homeowners alike are likely to remain vigilant, observing how the market responds to the reduced supply of new homes. The decline in launches may create upward pressure on prices if demand continues to outstrip available inventory.
Consequently, stakeholders will be closely monitoring trends in both buyer sentiment and economic conditions that could further influence the residential market.
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News Source: Edgeprop
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