Singapore

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.

Thanks to five new residential projects launched during the month.

The growth is a lot slower than last year’s 10.5% increase.

The fall was mainly driven by the one-north area.

Sales grew by 7.6% You to 440 transactions.According to a Savills report, following a short-lived recovery in Q2, the strata industrial sales activity in Singapore slowed by 19.7% QoQ to 440 transactions in Q3 due to the high base effect in the preceding quarter.

The volume increased by 2.1% YoY.

A new trend could have emerged in relation to the sizes of new sales units.

This new hotel added 989 rooms to the market.

Prices contracted by 0.7% in Q3 2024.

But sales are still 40% lower YoY.In line with the surge in the number of launched units, providing a wider variety of options to homebuyers, Singapore’s new sales expanded 60.0% QoQ to 1,160 units in Q3/2024, according to data from Savills. However, on a YoY basis, it was still 40.4% lower.

Residential launches more than doubled QoQ to 1,284 units during the quarter.

Private residential rents are now expected to decline by 2.5% this year.

The Rest of Central Region saw the largest QoQ growth.

And the number of rental contracts also grew by 10% vs last year.

Rental movement is expected to be at -1% to 1% in 2025.

Analysts say rents should have started falling two quarters ago.