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ccr condo price trends new sale until q1 2025
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As of the first quarter of 2025, several trends and observations can be noted regarding condo prices in the Core Central Region (CCR) of Singapore:
- Despite the overall private residential property price index rising by 0.8% in 1Q2025, the median unit price in the CCR was 6% below that of the Rest of Central Region (RCR) during this period.
- The average price for CCR condos has consistently been higher than those in the RCR, with an average price of $2,452 per square foot in the CCR compared to $2,246 per square foot in the RCR.
- However, the RCR has been outpacing the CCR in terms of price growth, with RCR prices continuing to surge ahead of those in the CCR in 1Q2025.
- The demand for new condos has been strong, leading to an increase in the average price of new condo units from $2,402 per square foot in 1Q2024 to $2,465 per square foot in the current period.
- The average price for CCR condos has consistently been higher than those in the RCR, with an average price of $2,452 per square foot in the CCR compared to $2,246 per square foot in the RCR.
- However, the RCR has been outpacing the CCR in terms of price growth, with RCR prices continuing to surge ahead of those in the CCR in 1Q2025.
- The demand for new condos has been strong, leading to an increase in the average price of new condo units from $2,402 per square foot in 1Q2024 to $2,465 per square foot in the current period.
Overall, while CCR condo prices remain higher on average, the recent growth has been more pronounced in the RCR.
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