Private residential property prices have demonstrated resilience by rising 0.5% quarter-on-quarter in the second quarter of 2025, building on a 0.8% increase from the previous quarter. This upward trend in property prices is notable, particularly given the significant challenges presented by a sharp decline in new private home launches. During this quarter, only 1,420 units were introduced to the market, reflecting a staggering 55% decrease compared to prior periods.
The data reveals that the growth in property prices was not uniform across all segments. The landed housing category experienced a price increase of 0.7%, indicating a sustained demand for this type of property. Conversely, the Core Central Region (CCR) saw a more pronounced increase of 2.3%, suggesting that properties in this prime area remain particularly sought after despite the broader market challenges.
The robust performance of these segments highlights a potential shift in buyer preferences, favoring established neighborhoods with higher value retention. However, not all regions benefitted from this positive momentum. The Rest of Central Region (RCR) recorded a more concerning trend, with property prices falling by 1.1% during the same period.
This decline stands in stark contrast to the gains seen in both the landed property and CCR segments, indicating a potential divergence in market performance across different geographical areas. The decrease in the RCR could be attributed to a variety of factors, including buyer sentiment and economic conditions that may have dampened demand in these regions.
Despite the decrease in new launches and the mixed performance across segments, the overarching narrative remains one of resilience in the private residential market. Price growth continued, even as external factors such as economic uncertainty and fluctuating buyer confidence loomed.
This resilience might suggest an underlying strength in the market, driven by persistent demand from buyers who are willing to invest in properties that meet their needs. Analysts have pointed out that the current market dynamics could lead to a tightening of supply, which in turn may support continued price growth in the coming quarters.
As fewer new units are introduced, existing properties may become even more desirable, particularly in high-demand regions. This scenario could create upward pressure on prices, especially if demand remains steady or increases.
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News Source: Edgeprop
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