Which segment in Singapore saw the biggest slowdown in condo prices? | Real Estate Asia
, Singapore
130 views

Which segment in Singapore saw the biggest slowdown in condo prices?

Non-landed home prices in this area only inched up by 0.3%.

The URA property price index for all private residential properties in Singapore grew by 0.8% QoQ in Q1/2025 after a 2.3% increase in the previous quarter. According to a Savills report, prices of both landed and non-landed homes increased, with a larger growth of 1.0% from non-landed homes.

“Prices of landed homes expanded 0.4% in the quarter, rebounding from the past two consecutive quarters of decline. For non-landed homes, the price growth was slower than the 3.0% increase registered in Q4/2024, with a 1.0% growth in the reviewed quarter,” the report said.

Here’s more from Savills:

Across the three market segments, the largest slowdown in non-landed home prices was recorded in the OCR. Prices of non-landed homes in OCR rose for the second consecutive quarter by 0.3% QoQ in Q1/2025. In the previous quarter, it rose by 3.3%. Prices for non-landed homes in the CCR grew for the second consecutive quarter by 0.8% in Q1/2025, moderating from the 2.6% increase in the previous quarter.

Join Real Estate Asia community

Prices of non-landed homes in RCR rose up for the fifth consecutive quarter by 1.7%, slowing down from the 3.0% growth in Q4/2024. Among the three market segments, the RCR was the only market segment that saw a significant increase in the median price of new sale units, rising 3.6% in the quarter.

For the basket of luxury non-landed private residential projects tracked by Savills, prices of such properties remained strong, as it recorded another QoQ growth of 0.6% to S$2,612 psf in Q1/2025, similar to the pace seen in Q4/2024. This was the second consecutive quarter of increase. On a YoY basis, prices picked up with a 0.7% increase, after remaining flat in Q4/2024.

Follow the link for more news on

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Branded residences set for global boom
In Asia, Vietnam and Thailand are emerging as hotspots for premium housing.
Singapore urges tech overhaul in facility management
Outcome-based contracts drive smarter, cleaner, and more flexible infrastructure.