20 Dec 2024
2025 Market Outlook: Why Is CCR a Magnet for Investors & Buyers?
Property Insight

The Core Central Region (CCR) demonstrated robust activity in 2024 across new sales, resale, and sub-sale segments, reflecting a diverse range of buyer preferences and market trends. New sales were led by The Collective at One Sophia, which recorded 62 units sold at a median price of $2,732 psf. Its competitive pricing and strategic location made it particularly appealing to buyers. Other notable projects included 19 Nassim, with 52 units sold at a median price of $3,386 psf, offering a premium location and exclusivity, and Klimt Cairnhill, achieving a similar median price of $3,378 psf. Despite limited launches in 2024, demand for prime projects showcasing strong location, branding, and quality amenities remained evident.

The resale market emerged as the most resilient segment, registering significant transaction volumes. Cuscaden Reserve led with 147 units sold at a median price of $3,014 psf, benefiting from its prime location in District 10 and competitive pricing. Other strong performers included The Residences at W Singapore Sentosa Cove, with 81 units sold at $1,802 psf, appealing to buyers seeking waterfront living, and D’Leedon, which achieved 65 units sold at $1,982 psf. Resale transactions grew by 14.4% year-on-year, highlighting sustained demand for completed homes with strong locational attributes amidst limited new launches.

The sub-sale market saw a significant resurgence, with a 59.4% year-on-year increase in transactions. Leedon Green led the segment with 12 units sold at a median price of $2,863 psf, driven by its prime District 10 location, modern design, and proximity to prestigious schools. Kopar at Newton followed closely with 10 units sold at $2,555 psf, leveraging its location near Newton MRT and reputable schools. Sub-sales reflected increased investor activity and buyer interest in projects nearing completion, as they offered attractive pricing and shorter waiting times.

The luxury property segment in the CCR saw several notable transactions in 2024. The highest new sale was at Skywaters Residences, where a unit spanning 7,761 sqft sold for $47.3 million at $6,100 psf. In the resale market, two adjacent units at The Ritz-Carlton Residences Singapore, Cairnhill, were each sold for $16.5 million at $5,397 psf, demonstrating continued interest in branded luxury residences. Sub-sale highlights included a transaction at The Avenir, where a unit sold for $8.9 million at $3,686 psf.

Foreign and PR buyers continued to play a significant role in the CCR market. U.S. buyers led the foreign segment with 70 units sold, supported by ABSD exemptions under the Singapore-USA Free Trade Agreement. Chinese PRs dominated the PR segment, accounting for 138 units sold, reflecting sustained interest despite higher ABSD rates for foreign buyers.

Looking ahead to 2025, the CCR is poised for further growth, with anticipated new launches such as Marina View Residences and Aurea expected to rekindle buyer interest. Marina View Residences, offering 683 units in District 1, is set to attract professionals and investors with its strategic location and exceptional accessibility. Aurea, with its heritage-inspired design and prime District 7 location, is positioned to appeal to buyers seeking contemporary urban living. The CCR remains Singapore’s premier residential region, characterized by its luxury offerings, strategic locations, and strong capital appreciation potential.

Click here for the full report 

 Prepared By: 

Mohan Sandrasegeran 

Head of Research & Data Analytics 

 

 

Email: mohan@sri.com.sg
 

 

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Property Insight
17 Sep 2026
Developer Sales August 2026: Existing Projects Sustain Buyer Interest

Singapore’s new private home market took a breather in August 2026, with 153 units sold excluding Executive Condominiums (ECs), compared with 731 units in July. The moderation was largely anticipated due to the absence of major new project launches and the Hungry Ghost Festival period, when developers traditionally take a more measured approach towards launches. As such, the lower sales volume primarily reflects launch timing and limited fresh supply rather than a significant shift in underlying homebuyer demand. 

The quieter launch calendar gave previously launched projects greater visibility and a longer window to sustain marketing efforts and convert buyer interest. July launches Dunearn House and Lentor Gardens Residences emerged as August’s two best-selling projects. Dunearn House recorded 18 units sold at a median price of $3,008 psf, while Lentor Gardens Residences sold another 15 units at a median $2,367 psf. Their continued sales indicate that buyer interest carried through beyond the initial launch period despite the quieter primary market. 

Other projects continued to record transactions. Coastal Cabana EC and The Sen each sold 12 units, followed by Union Square Residences with 10 units and Hudson Place Residences with nine. Arina East Residences recorded eight sales, while Chuan Park, Narra Residences and Rivelle Tampines EC each sold six units. The project table on page 2 shows that demand remained spread across the Core Central Region, Rest of Central Region and Outside Central Region. 

Existing EC projects under the previous framework also remained well absorbed. As of August, Aurelle of Tampines, North Gaia, Otto Place and Rivelle Tampines had each sold more than 97% of their units. Coastal Cabana was 82.1% sold, with 134 units remaining. The EC market is entering a transition following policy measures introduced in May and the subsequent National Day Rally announcement, which raised the EC household income ceiling from $16,000 to $18,000 for projects on sites where land sale tenders close on or after 24 August 2026. Existing projects and sites awarded before the effective date will continue under the previous framework. 

Looking ahead, September could remain relatively measured amid the school holiday period, although the new home market is positioned for a subsequent pickup. Upcoming projects including Amberwood at Holland, Lucerne Grand, Thomson Reserve and The Serra Residences are expected to introduce fresh residential supply and broaden homebuyer choices across different locations and market segments. 

The return of major launches should help reenergise primary market activity, with sales momentum for the remainder of 2026 increasingly shaped by the timing, pricing and market reception of these developments. External economic and financing conditions are also expected to become increasingly important considerations for homebuyers as the market moves into the next phase of its launch cycle. 

Click

here

for the full report:

 

Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: mohan@sri.com.sg

Property Insight
17 Sep 2026
Lorong Puntong GLS Tender: Eco World Tops Bid at $1,612 PSF PPR

The Lorong Puntong / Sin Ming Avenue Government Land Sales (GLS) site attracted seven bids, with Eco World Development (S) Pte. Ltd. submitting the highest offer of $208.1 million, equivalent to $1,612 psf ppr. The next highest bid, from Intrepid Investments Pte. Ltd. and TID Residential Pte. Ltd., was $187.3 million or $1,451 psf ppr. The site is expected to yield approximately 140 residential units, providing an opportunity for a relatively smaller-scale private residential development within the established Upper Thomson and Bishan catchment. 

A key attribute of the site is its proximity to Bright Hill MRT station, which provides convenient access to the Thomson-East Coast Line and direct connectivity towards Orchard, Marina Bay and the CBD. Longer term, Bright Hill is expected to become an interchange with the future Cross Island Line, further enhancing east-west connectivity and access to employment, commercial and lifestyle nodes across Singapore. The site also benefits from an established education catchment that includes Ai Tong School, CHIJ St Nicholas Girls' School, Catholic High School and Raffles Institution. 

The wider Bishan area's continued evolution could further support the site's appeal. Planning initiatives associated with the rejuvenation of Bishan Town Centre are expected to strengthen commercial, community and public spaces while expanding employment and amenity offerings. Meanwhile, the upcoming launch of Thomson Reserve could build greater market awareness of the Upper Thomson and Sin Ming locality, establish fresh pricing benchmarks and demonstrate underlying demand ahead of the future Lorong Puntong development. 

From a developer perspective, the relatively modest unit count could offer a more manageable project with lower overall capital commitment and potentially reduced sales and execution risk compared with substantially larger developments. For buyers, the project could provide a smaller and potentially more intimate residential environment within the established Bishan and Upper Thomson catchment.

Click

here

for the full report:

Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: mohan@sri.com.sg

Property Insight
14 Sep 2026
Singapore Rental Property Market 1H2026: Stable Growth Amid Resilient Leasing Demand

Singapore’s residential rental market remained resilient in the first half of 2026, with the overall private residential rental index rising by 1.0%, following the 1.2% increase recorded in 1H2025. The measured increase points towards a more balanced and sustainable rental environment, as the market continues to absorb the wave of private housing completions delivered over the past two years. Leasing demand remains supported by Singapore’s resilient labour market, continued inflow of expatriate professionals and stable economic conditions. 

Leasing demand was also well distributed across individual developments. Normanton Park emerged as the most actively leased RCR project with an estimated 426 transactions, while Treasure at Tampines led the OCR with 301 transactions. Within the CCR, Marina One Residences recorded 289 transactions, ahead of The Sail @ Marina Bay and The M. These trends highlight tenant preferences for accessibility, proximity to employment centres, lifestyle amenities and value for money. 

Looking ahead, Singapore’s residential rental market is expected to remain broadly stable through the second half of 2026, with rental growth likely to stay measured. Approximately 5,012 private residential units are scheduled for completion over the remainder of 2026, expanding rental inventory and providing tenants with greater choice. The HDB market should also benefit from an expanding supply of flats reaching their Minimum Occupation Period, with around 18,000 flats expected to reach MOP in 2027 and approximately 21,000 in 2028. Overall, healthy underlying demand and increasing housing supply are expected to support a more balanced rental environment characterised by greater tenant choice, improved affordability and moderate rental growth. 

Click

here

for the full report:

Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: mohan@sri.com.sg

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