The Core Central Region (CCR) continued to demonstrate resilience and growth in the first half of 2025. According to flash estimates, non-landed private residential prices in the CCR increased by 3.1%, slightly above the 3.0% growth in 1H2024. Notably, 2Q2025 alone contributed a 2.3% rise, rebounding from a more muted 0.8% gain in the first quarter. This sequential improvement underscores renewed confidence and a firmer price trajectory in the prime segment.

High-value transactions, particularly in the $10 million and above category, nearly doubled year-on-year to 29 deals in 1H2025, with 21 Anderson, Park Nova, and Skywaters Residences recording standout performances. This uplift reflects healthy demand for large-format luxury homes in coveted CCR addresses and has reinforced price resilience, especially in the new sale market.

New sale activity in CCR also showed signs of recovery, with an estimated 236 transactions in 1H2025, a 26.2% increase from the 187 units sold in 1H2024. While still below the peak of 986 units in 1H2023, the figures signal a gradual return of buyer confidence. The rebound follows the cautious sentiment in 2024, largely influenced by the April 2023 ABSD hike, including the steep 60% rate on foreign buyers.

Looking ahead, the market is poised for revitalisation with a slate of anticipated launches in 2H2025, including The Robertson Opus, W Residences – Marina View, Upperhouse at Orchard Boulevard, River Green, Skye at Holland, and One Leonie Residences. With limited fresh supply and evolving urban transformation under the Draft Master Plan 2025, these projects are expected to reignite interest in the CCR.

The evolving demand for well-positioned homes, stable macro fundamentals, and selective pricing strategies by developers have set the stage for a more sustained recovery in Singapore’s prime residential segment.

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 Prepared By: 

Mohan Sandrasegeran 

Head of Research & Data Analytics 

Email: research@sri.com.sg