Private residential property prices inch up by 0.6 in Q1

This marks a slowdown from the 2.3% increase in the previous quarter.

Private residential property prices in Singapore rose by just 0.6% in the first quarter of 2025, a sharp drop from the 2.3% increase in the previous quarter, according to the Urban Redevelopment Authority.

Price growth for non-landed properties slowed across all segments, and total sale transaction volume fell by 15% quarter-on-quarter.

To address housing demand and stabilise the market, the government increased private housing supply in the Government Land Sales (GLS) Programme for 1H2025 to 8,505 units. This includes 5,030 units (980 Executive Condominiums) available through the Confirmed List, nearly 60% higher than the average supply from 2021 to 2023.

The government said it will continue to release a steady supply of private housing, adjusted for economic and market conditions.

Singapore’s GDP growth is expected to slow in 2025 due to global trade tensions, geopolitical uncertainties, and economic policy challenges.

Despite a dip in US interest rates in Q4 2024, domestic mortgage rates are expected to remain high.

Households are urged to exercise caution when purchasing properties and taking on mortgage loans.

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