Primary sales momentum firm in 1Q25

Primary sales demonstrated strong momentum in 1Q25, with 3,375 units sold, supported by six successful new launches that saw robust demand.

Meanwhile, secondary sales recorded 3,886 units, as buyers increasingly gravitated towards new projects.

Source: URA Overall, private residential transaction volumes totalled 7,261 units in 1Q25, maintaining solid activity levels despite a 2.3% dip from the exceptional peak in 4Q24, the highest since 4Q21.  Source: URA Looking ahead, CBRE projects new home sales to reach 7,000 to 8,000 units in 2025, up from 6,469 units in 2024, driven by declining interest rates and a strong pipeline of upcoming launches. Source: URA

Private residential prices rose 0.8% in 1Q25

The private residential price index increased by 0.8% Quarter-On-Quarter (QoQ) in 1Q25, moderating from a 2.3% QoQ rise in 4Q24.  Source: URA This was in line with flash estimates released...