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
15 May 2025
Singapore New Private Home Sales Jump 120% YoY in April 2025

In April 2025, developers sold a total of 663 private residential units (excluding ECs), a moderation from the 729 units transacted in March. However, compared to the same period last year, new private home sales rose sharply by 120.3%, up from 301 units in April 2024. This surge reflects an improved sales environment and stronger buyer responsiveness to new launches.

The Rest of Central Region (RCR) led performance with 551 units sold, contributing 83.1% of the total monthly sales. This surge was primarily driven by the successful launches of One Marina Gardens and Bloomsbury Residences. These projects sparked buyer interest due to their strategic locations, strong connectivity, and integration with key economic and lifestyle hubs.

One Marina Gardens was the best-selling project in April, moving 384 units at a median price of $2,948 psf. Located in the emerging Marina South precinct, the development benefited from a compelling first-mover advantage and integration into a larger master plan near Marina Bay. Buyers saw long-term value potential and were attracted to the vision of a vibrant waterfront lifestyle hub.

Bloomsbury Residences, situated within the dynamic one-north precinct, was the next standout performer, selling 107 units at a median price of $2,454 psf. As the first residential development in Mediapolis, its proximity to media, technology, and biomedical industries—as well as top educational institutions and transport connectivity—positioned it as a desirable live-work-play offering.

In the luxury segment, 21 Anderson achieved the highest non-landed transaction in April, with a 4,489 sq ft freehold unit sold for $23.0 million ($5,127 psf). This benchmark sale in the Tanglin planning area highlighted ongoing demand from high-net-worth individuals for rare, prestigious offerings despite overall market moderation.

The overall market outlook remains positive. Sustained momentum in Q1 2025 reflects market resilience supported by local demand, strategic launches, and a stable macroeconomic backdrop. Developers have successfully aligned new offerings with market expectations—balancing connectivity, pricing, and upside potential.

 Click

here

for the full report   

Prepared By: 

Mohan Sandrasegeran 

Head of Research & Data Analytics 

  

  

Email:

mohan@sri.com.sg


 

   

Property Insight
25 Apr 2025
HDB Resale Prices and Transactions Show Steady Pace in 1Q2025

In 1Q2025, HDB resale prices increased moderately by 1.6%, compared to 2.6% in the previous quarter, reflecting a gradual recalibration driven by expanding housing supply and affordability measures. Transactions rose slightly, with 6,590 flats changing hands, marking a 2.6% increase quarter-on-quarter.

This slower resale market performance was partially attributed to seasonal effects like Chinese New Year festivities, which typically dampen resale activity. Concurrently, HDB significantly expanded housing supply, launching 10,622 flats through Build-To-Order (BTO) and Sale of Balance Flats (SBF) exercises. The SBF exercise, notably the largest since November 2020, offered 5,220 balance flats, with approximately 40% move-in ready, attracting buyers seeking immediate occupancy.

Older flats with lease commencement dates of 1990 or earlier represented 39.4% of resale transactions, up slightly from 38.6% in 4Q2024. Buyers continued gravitating towards these mature flats, driven by larger sizes, established locations, and affordability. Newer flats from 2013 onwards accounted for 29.6% of transactions, remaining stable compared to the previous quarter.

The government’s ongoing investment through initiatives such as the Neighbourhood Renewal Programme (NRP), Home Improvement Programme (HIP), and Lift Upgrading Programme (LUP) significantly enhanced older flats' liveability. These programmes, improving interiors, common areas, and accessibility, ensure older flats remain attractive despite shorter leases.

Looking ahead to 2025, HDB resale market demand is expected to remain resilient, driven by couples, families, and unsuccessful BTO applicants needing immediate housing solutions. Interest will likely concentrate in well-located estates offering proximity to key amenities and transport nodes.

To manage demand-side pressures, the government is proactively increasing housing supply. In July 2025, approximately 5,400 BTO flats will launch across several estates, accompanied by a concurrent SBF exercise offering about 3,000 flats, totalling 8,500 units for 2025. This diverse supply caters to varied buyer profiles and needs.

Overall, the HDB resale market in 2025 is set for sustainable balance, ensuring price stability and supporting long-term affordability amid expanding public housing options.

Click

here

for the full report 

Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email:

mohan@sri.com.sg

 

Property Insight
25 Apr 2025
Healthy Demand Sustains Private Property Market Growth in 1Q2025

The private resale market remained firm in 1Q2025, recording 3,565 transactions, a slight 3.7% moderation quarter-on-quarter but marking a significant 32.6% increase year-on-year, the strongest first-quarter performance since 2022. This growth demonstrates resilient demand, particularly for move-in ready homes amid limited new supply.

Treasure at Tampines was the best-performing non-landed resale condominium, with 47 transactions in 1Q2025. The project's strong performance may have benefited from spillover demand driven by nearby launches such as Parktown Residence. Resale units in large-scale developments like Treasure at Tampines remain attractive due to their established amenities and competitive pricing compared to new launches.

New home sales in 1Q2025 totalled 3,375 units, a slight 1.3% dip from 4Q2024 but nearly tripling year-on-year from 1,164 units in 1Q2024. This represents the strongest first-quarter new launch performance since 2021, reflecting improving buyer sentiment and robust market confidence. Developers responded by launching 3,139 units during the quarter, signalling confidence in continued demand recovery. The measured absorption rate aligns with market fundamentals, supported by government land sales (GLS) rather than collective sales, indicating a steady and sustainable flow of supply.

The private property price index edged up 0.8% in 1Q2025, moderating from 2.3% growth in 4Q2024. The modest yet consistent price increase indicates healthy market fundamentals, driven by steady demand and new project launches, particularly from GLS sites. 

The positive sales momentum in 1Q2025 reflects resilient buyer demand, strategically timed launches, and a supportive macroeconomic backdrop, particularly in the Outside Central Region (OCR) and Rest of Central Region (RCR), which balance affordability and growth potential.

Amid ongoing geopolitical trade tensions, Singapore’s real estate market remains attractive to global investors as a safe haven, supported by political stability, transparency, and strong economic fundamentals. Market resilience is further reinforced by regulatory safeguards such as the Seller’s Stamp Duty (SSD), Total Debt Servicing Ratio (TDSR), Loan-to-Value (LTV) limits, and a high Additional Buyer’s Stamp Duty (ABSD) rate of 60% for foreigners, effectively curbing speculation.

Historically, Singapore’s real estate resilience has been policy-driven. Government intervention through financial relief measures during past crises, coupled with strategic trade deals and a transparent legal framework, underpins the market’s stability and adaptability even in uncertain global conditions.

However, prudence is advised for buyers amid evolving economic conditions and interest rates. Long-term affordability and financial sustainability remain essential considerations for property investments in the coming months.

Click

here

for the full report 

Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email:

mohan@sri.com.sg