How much is private condo?

In 2025, the prices for private condos in Singapore are expected to continue on an upward trajectory, though at a moderate pace. Here are some key points to consider:

Average Price Per Square Foot

The average price per square foot for condos in Singapore is estimated to be around SGD 2,500 in 2025. This represents a moderate increase from previous years.

Regional Variations

Prices vary significantly depending on the location:

• Condos in the Central Business District (CBD) and prime areas like the Core Central Region (CCR) can average around SGD 3,500 per square foot.
• In contrast, suburban areas may offer prices closer to SGD 1,800 per square foot.

Specific Areas

Here are some estimated price ranges for different areas:

• Central Business District (CBD): SGD 20,000 - 25,000 per square meter (SGD 1,860 - 2,320 per square foot)
• Orchard Road: SGD 18,000 - 22,000 per square meter (SGD 1,670 - 2,045 per square foot)
• Marina Bay: SGD 19,000 - 24,000 per square meter (SGD 1,765 - 2,230 per square foot)
• Sentosa Cove: SGD 16,000 - 20,000 per square meter (SGD 1,490 - 1,860 per square foot)
• Other suburban areas like Bukit Timah, East Coast, Jurong East, and Woodlands have lower price ranges, typically between SGD 8,000 to SGD 15,000 per square meter.

Market Trends

The market is driven by constrained supply, with only 5,348 private home units expected to be completed in 2025, a significant drop from the previous year. This limited supply, combined with robust demand and economic recovery, is expected to place upward pressure on prices, particularly in prime areas.

New Launches

Several new projects are set to launch in 2025, which may help ease the supply shortage but are also expected to maintain the upward price trend due to strong demand.