Private residential property prices increased by 0.5% quarter-on-quarter in the second quarter of 2025, demonstrating the market’s resilience despite ongoing external challenges. This modest growth follows a stronger 0.8% increase in the previous quarter and a substantial 2.3% rise in the final quarter of 2024. The Urban Redevelopment Authority’s flash estimate highlights this trend, suggesting that while external factors may impact the broader economy, the private residential property market is maintaining its upward trajectory.
The landed housing segment saw a price increase of 0.7%, indicating continued demand for these types of properties. The Core Central Region, known for its premium properties, experienced an impressive 2.3% rise, driven in part by the launch of high-end developments that attract affluent buyers. This segment’s growth underscores the significance of location and property quality in influencing market performance, especially in a competitive real estate landscape.
Conversely, the Rest of Central Region recorded a decline of 1.1%, reversing earlier gains and highlighting the volatility present within different market segments. This decline may reflect a shift in buyer preferences or the impact of fewer property launches in the area, leading to a temporary oversupply.
Meanwhile, the Outside Central Region managed to achieve a 0.9% increase, suggesting that demand remains robust in suburban areas as buyers seek more affordable options amid rising prices in prime locations.
The slight overall price growth, even in the face of declining sales transactions, points to a stabilizing market environment. Industry experts speculate that this trend may continue, with expectations of a full-year price growth ranging from 3% to 4% for 2025. The resilience observed in the private residential market may be attributed to factors such as low interest rates and government measures aimed at supporting the housing sector.
Despite the challenges posed by reduced launches, the market’s performance reflects a cautious optimism among investors and homebuyers alike. The decreasing number of new developments may contribute to tighter supply, which could further bolster property values in the long run. Buyers seem to be adapting to the current landscape, considering properties in various regions, and focusing on value-driven choices rather than speculative investments.
As the market moves forward, the interplay between supply and demand will be crucial in determining future price trajectories. The current price stability amidst fluctuating sales highlights the need for stakeholders to remain vigilant in monitoring market conditions and adjusting strategies accordingly.
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News Source: Edgeprop
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