As non-landed home prices in Singapore’s Core Central Region (CCR) surged by 3% in the second quarter of 2025, the area emerged as a standout performer amidst the broader private home market. This increase led to a notable overall rise in private home prices across Singapore, which edged up by 1%. The CCR’s robust performance is attributed to a combination of factors, including the successful launch of luxury projects and sustained demand from local buyers.
The launch of 21 Anderson, a high-end residential project, played a pivotal role in driving prices higher in the CCR. In addition to this new development, sales at other existing premium projects continued to thrive, with some units reaching median prices of $5,841 per square foot. Such figures underscore the attractiveness of the CCR to buyers seeking premium living options. The strong performance of new developments in the area contributed directly to the overall price increase, showcasing the CCR’s resilience even in the face of a slight decline in overall landed home transactions.
Local buyers have emerged as the main drivers of demand in the CCR, effectively compensating for a reduction in foreign investment that had previously characterized the market. This shift towards local purchasing power has played a significant role in sustaining momentum in the CCR, demonstrating the enduring appeal of the area among Singaporeans. As foreign investment waned, the local market adapted, with buyers increasingly prioritizing properties in the CCR, a trend that has become vital for maintaining the area’s growth trajectory.
Significantly, the inventory of homes in the CCR saw a decrease of 14.5%, dropping to 7,200 units. This tightening supply has intensified competition among buyers, further fueling the upward pressure on prices. The reduced availability of units in such a desirable location has created an environment where demand consistently outstrips supply. Consequently, the CCR’s allure as a prime residential area is being reinforced, as more buyers are drawn to the limited options available.
The overall sales figures in the CCR made a substantial contribution to the private home price increase in Singapore, highlighting the area’s critical role in the national real estate landscape. As the market continues to evolve, the CCR’s performance serves as an indicator of broader trends in the property sector and reflects the changing dynamics of buyer preferences.
While the overall market may have experienced a modest rise, the CCR’s impressive growth stands out, setting a precedent for luxury living in Singapore.
NEW CONDO LAUNCH: SKYE AT HOLLAND
Skye at Holland is an exciting new condominium launch in the vibrant Holland Village area, offering a variety of unit types to cater to both local and expatriate buyers.
With competitive pricing expected, this development is positioned to meet the ongoing demand in the Core Central Region.
Interested buyers can explore the SKYE AT HOLLAND CONDO Floor Plan and pricing options, as well as view the SKYE AT HOLLAND CONDO Showflat.
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News Source: Edgeprop
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