Future price projection for Nuovo condo.

For new condos in Singapore, several factors and projections indicate the following trends for 2025:

- Analysts predict that residential property prices will experience moderate growth, with potential increases ranging between 3% to 5% for the year. This is driven by a combination of factors including the impact of cooling measures implemented in 2023, such as higher Additional Buyer’s Stamp Duty (ABSD) rates, and the current economic conditions.

- The average price of new condo units has already shown an increase, rising from $2,402 per square foot (psf) in the first quarter of 2024 to $2,465 psf in the current period.

- Strong demand, particularly from HDB upgraders and buyers seeking properties with unique selling points such as proximity to MRT stations and integrated developments, is expected to continue driving sales momentum. This demand is likely to keep prices stable or slightly increasing, especially in the Outside Central Region (OCR).

Overall, while significant price surges are unlikely, the market is expected to see a gradual and moderate increase in prices for new condos in 2025.