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Landed home prices breach $2,000 PSF in Q1 2025

It was driven by strong income growth, wealth build-up and decline in interest rates..

Prices of landed homes breached $2,000 per square foot for the first time, representing a 3.3% increase quarter-on-quarter (QoQ), according to Huttons. This is the fastest growth since Q3 2022.

It was driven by strong income growth, wealth build-up, and decline in interest rates.

Whilst transaction volume decreased 5.3% QoQ to 412 units, it remains the highest first-quarter sales figure since 2021.

Looking ahead, Huttons said the market will be influenced by global tariffs. Demand-wise, locals may delay entering the landed homes market, waiting for more clarity and stability.

The ultra high net-worth individuals may also be reassessing their options due to the disruption. 

Huttons also added that Singapore’s stability could make it an attractive safe haven, with some even considering citizenship.
 

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