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Residential property prices up 0.8% QoQ

Transaction volume drops 1.3% QoQ.

Singapore’s residential property prices rose 0.8% quarter-on-quarter (QoQ) in Q1, ETC reported.

According to ETC, this growth was driven by a 1.0% QoQ increase in non-landed home prices, with the non-landed RCR posting the strongest growth at 1.7% QoQ.

Transaction volume decreased 1.3% QoQ to 7,261 units, from 7,433 units in Q4 2024.

Primary sale transaction recorded 3,375 units, the second-highest quarterly new sales performance in the last three years.

In the rental market, the overall rental index rose 0.4%, whilst rental transaction volume rose 2.2% to 20,409 transactions.

ETC expects buyer sentiment to remain favourable and the residential property price index to moderate in 2025. 

Meanwhile, the rents are expected to ease, supported by a more moderate supply pipeline with approximately 4,000 private residential units to be completed by 2025.

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