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Here are some key points regarding the recent trends and outlook for the Singapore property market:

Gains:

  • Despite a slowdown, Singapore's private residential property prices continued to rise, with a 0.8% increase in the first quarter of 2025, driven by growth in the Rest of Central Region (RCR) and new launches.
  • Easing inflation and interest rates are expected to provide some relief for the property market in 2025, which could support buyer sentiment.

Losses or Challenges:

  • The overall Property Price Index growth slowed down to 0.6% in the first quarter of 2025, compared to a 2.3% growth in the previous quarter, indicating a deceleration in price growth.
  • The market is preparing for a significant influx of new units, with about 20 new projects expected to launch in the second half of 2025, bringing around 8,000 new units into the market. This could lead to increased competition and potentially softer prices.
  • The market is facing mixed signals, including the impact of new supply and potential economic uncertainties, which may affect buyer and investor confidence.
These points highlight the current balance between the ongoing price growth and the challenges posed by market dynamics and new supply.
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