PropNex

Private home prices grew by 2.3% QoQ in Q4 2024.

There were only 203 units sold during the month, down 92% from November.

And new home sales are expected to reach up to 9,000 units.

These units will come from 10 sites on the confirmed list.According to PropNex, the Singapore government has kept up with efforts in boosting private housing land supply in the first half of 2025 (1H 2025) by offering 8,505 units on its upcoming Government Land Sales (GLS) programme under the Confirmed List and Reserve List.

Still, the experts anticipate a potential rebound in March sales.

Weaker sales during the Lunar New Year and fewer sellers caused the decline.

Private home prices inched up by just 0.4% in Q4 2022.

Only 170 units were sold in December 2022.

Sales were particularly slow in the Outside Central Region (OCR) with just 38 units sold.

It’s the lowest since 277 units were sold back in April 2020.

Overall private residential prices grew 3.8% QOQ in Q3 2022.

This is the highest monthly sales since May 2022.

Resale prices could rise by up to 10% for the whole year. 

This marks the lowest monthly sales in two years.

This brings total Q2 sales to 2,504 units.

The sites will also yield 14,750 sqm gross floor area of commercial space.