Singapore private home prices to increase by 3-4% in 2025 | Real Estate Asia
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Singapore private home prices to increase by 3-4% in 2025

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

In 2025, PropNex Realty projects that overall private home prices may rise by 3% to 4%, while new home sales could come in at 8,000 to 9,000 units (ex. EC), barring any unforeseen events.

“Based on our estimates, there could potentially be around 13,000 new units (incl. EC) that may be launched for sale by developers in 2025 – almost doubling that of 2024. In view of the ample pipeline of launches, we expect developers to price units sensitively, taking into consideration the projects’ location attributes and depth of the housing demand,” said Ismail Gafoor, CEO of PropNex Realty.

Here’s more from PropNex:

Meanwhile, the resale private homes market remains quite resilient, with the total volume in 2024 outperforming that of 2023. We expect activity in the resale market to continue to be lively in 2025, with the resale volume potentially hovering at 14,000 to 15,000 units.

Demand drivers in the resale private homes segment will include the sizable average price gap between non-landed private resale and new sale units, buyers’ preference for larger homes, and those who need a move-in ready property.

In Q4 2024 (till 24 Dec), the average unit price gap between non-landed new private homes and resale homes was nearly 48% (New: $2,559 psf vs Resale: $1,733 psf), while the gap in average price quantum was around 23% (New: $2.32 million vs Resale: $1.89 million). We anticipate that the lower new supply completions of private homes expected for 2025 may crimp resale stock and in turn, help to support private resale home prices.

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