These projects contributed to Singapore’s new residential stock growth

The Core Central Region accounted for over half of the new completions.

In a recent report, Savills noted that following a substantial level of completions in the previous two quarters in Singapore, the first quarter of 2025 saw a moderate number of private residential properties (excluding ECs) receiving their Temporary Occupation Permits (1,988 units).

“Notable projects contributing to this new supply include Midtown Modern (558 units), Pasir Ris 8 (487 units), Pullman Residences Newton (340 units), Liv @ MB (298 units) and Klimt Carinhill (138 units). By market segment, the Core Central Region (CCR) accounted for slightly more than half of the new completions, with 1,055 units or 53.1% of the total,” the report added.

Here’s more from Savills:

The island-wide stock of completed private residential properties (excluding ECs) continued increasing for the fourth consecutive quarter, rising marginally by 2,136 units or 0.5% QoQ to reach 419,869 units in Q1/2025. Due largely to the decline in new completions, the net take-up of such properties fell sharply from 5,420 in Q4/2024 to 2,498 in Q1/2025.

Nevertheless, the net demand slightly outpaced the net supply during the quarter. As a result, the island-wide vacancy rate eased slightly by 0.1 of a ppt QoQ to 6.5%, indicating that the market continued to absorb vacant units stemming from significant completions in recent quarters.