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
01 Apr 2026
1Q2026 Flash Estimates Point to Stable Demand

According to the 1Q2026 flash estimates, Singapore’s residential property market is transitioning toward a more balanced and sustainable phase, supported by a calibrated increase in housing supply and steady underlying demand. Private residential property prices rose by 0.3% quarter on quarter in 1Q2026, moderating from the 0.6% growth recorded in 4Q2025, reflecting a healthier pace of appreciation amid improved supply conditions .

This moderation comes alongside a notable increase in new launches, with approximately 3,149 units, including Executive Condominiums, introduced during the quarter. Much of this supply was driven by sites from the Government Land Sales programme, which has significantly strengthened the pipeline of upcoming private housing. The expanded supply has enhanced market visibility and helped anchor buyer expectations, reducing the likelihood of sharp price movements while supporting a more orderly market environment .

In the public housing segment, HDB resale prices showed early signs of moderation, easing by 0.1% quarter on quarter in 1Q2026. This marks the first decline since 2Q2019 and reflects the impact of a significant ramp up in supply. The first BTO exercise of the year introduced about 4,692 flats, alongside approximately 4,320 Sale of Balance Flats, providing buyers with more options across both new and completed units .

Overall, the market is entering a phase where supply side measures are taking effect. The continued ramp up in both private and public housing supply is expected to support price stability while maintaining accessibility. With demand fundamentals remaining intact, the residential market is likely to see a more balanced and sustainable trajectory in the year ahead.

Click

here

for the full report:

Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: mohan@sri.com.sg

Property Insight
01 Apr 2026
Dover Drive Site Draws 6 Bidders as One North Gains Traction

The Government Land Sales tender for the Dover Drive residential site closed with a total of 6 bidders, reflecting a notable increase in participation compared to recent GLS sites in the Media Circle area, which each attracted 3 bidders. This stronger turnout points to improving developer confidence in the one north and Queenstown precinct, supported by the area’s evolving residential and employment landscape.

The top bid of $951.0 million, translating to $1,556 psf ppr, was submitted by a consortium comprising Qingjian Realty, Forsea Residence and Jianan Realty Investments. The relatively tight clustering of bids suggests that developers share a similar view of the site’s underlying value, while the leading bid reflects a strong level of conviction in the precinct’s long term demand fundamentals. The site’s attributes, including its proximity to one north MRT station and Buona Vista, as well as its allowable commercial use at the first storey, further enhance its attractiveness by supporting convenience and liveability for future residents. 

The positive response to the tender also comes on the back of growing momentum within the one north corridor. The Government’s continued push to strengthen Singapore’s innovation economy, including plans for an expanded AI park and initiatives such as Kampong AI, is expected to reinforce one north’s position as a key hub for research, technology and high value industries. This, in turn, is likely to support a sustained pool of housing demand from professionals working within the area. 

In addition, developers are increasingly looking to build scale within the precinct. Qingjian Realty and Forsea Residence have previously secured sites in Media Circle for projects such as Bloomsbury Residences and the upcoming Hudson Place Residences. The latest successful bid at Dover Drive reflects a continued effort to strengthen their presence in a precinct that is still in its growth phase but showing clear signs of maturation.

At the same time, the expanding pipeline of residential sites under the GLS programme, including potential future parcels in Media Circle, provides greater visibility on supply. This may help to anchor buyer expectations and support a more measured pace of price growth, ensuring that market movement remains aligned with underlying demand fundamentals.

Overall, the Dover Drive tender results reinforce growing confidence in the one north precinct. With continued investment in infrastructure, innovation driven industries and a steady pipeline of residential developments, the area is progressively shaping into a well-integrated live work environment with sustained long term residential appeal.

Click

here

for the full report:

Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: mohan@sri.com.sg

Property Insight
16 Mar 2026
February Developer Sales Reflect Growing Buyer Interest in Prime Segment

Singapore’s new private home market saw a moderation in developer sales in February 2026, largely influenced by seasonal factors rather than any structural weakening in demand. According to SRI Research, developers sold 246 new private homes (excluding ECs) in February, down from 466 units in January, representing a 47.2% month on month moderation. This softer performance was widely anticipated as the month coincided with the Chinese New Year festive period, a time that typically experiences fewer marketing activities and lower buyer turnout. As such, the February figures should be interpreted within the context of seasonal timing and launch schedules rather than a fundamental shift in market demand. 

Despite the monthly moderation, the Core Central Region (CCR) segment has shown encouraging momentum at the start of the year. In the first two months of 2026, a total of 225 CCR units were transacted, compared to 149 units over the same period in 2025, representing a 51.0% year on year increase. This improvement suggests that buyer interest within the prime residential segment has strengthened relative to a year ago. The pickup in activity may reflect growing confidence among high-net-worth buyers, improved pricing alignment between developers and purchasers, as well as selective project launches that have resonated with market demand. Overall, the CCR segment appears to be demonstrating measured resilience despite a calibrated supply environment and existing policy framework. 

The renewed interest in the prime segment was further highlighted by the successful launch of River Modern, which reportedly sold more than 90% of its units during its launch weekend. The strong take up illustrates how well-located developments in prime districts continue to attract confident buyers, even after a series of launches across the River Valley and Zion corridor over the past year. Buyers appear willing to commit when developments offer strong locational attributes, connectivity and long-term value prospects. 

Looking ahead, market activity is expected to gain renewed traction as several upcoming developments enter the launch pipeline. Projects such as Rivelle Tampines, Pinery Residences, Vela Bay, Hudson Place Residences and Tengah Garden Residences are anticipated to re-energize primary market activity across a diverse range of locations and buyer segments. These developments collectively span city fringe areas as well as emerging regional growth corridors, and their launches are expected to reintroduce a steadier cadence of supply into the market. 

Click

here

for the full report:

Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: mohan@sri.com.sg

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