Is the market going up or down now?

The Singapore property market is currently showing signs of moderation in price growth. Here are some key points:

- Public and private property price growth has slowed down. For instance, the HDB resale price index grew by 1.5% in the first quarter of 2025, which is a decrease from the 2.6% growth in the previous quarter.
- Experts predict that residential property prices will see more moderate increases in 2025, following several years of robust growth.
- Despite this moderation, the market is expected to remain resilient, driven by a strong labor market, continued foreign investment, and government initiatives such as upcoming MRT projects and urban transformation initiatives.
- Demand for properties is sustained by new household formation and upgraders, particularly those who have reached the Minimum Occupation Period (MOP) for their HDB flats and are looking to upgrade to private homes.

Overall, while the market is not experiencing the rapid price increases seen in previous years, it is anticipated to maintain stability with sustained demand and supportive market fundamentals.