New home sales volume analysis

In the first quarter of 2025, the new home sales volume in Singapore showed some notable trends:

- A total of 3,565 new private residential units were sold, which represents a 3.7% quarter-on-quarter decline from the 3,702 units sold in the fourth quarter of 2024.

- Despite this slight decline, the market started the year strongly, with developers selling 1,083 new homes in January 2025 alone. This indicates a robust beginning to the year.

- In March, however, the sales volume dipped significantly, with only 729 units sold, marking a 54% month-on-month decline from February.

- The overall market sentiment remains positive, with predictions suggesting that around 7,000 to 9,000 new homes (excluding Executive Condominiums) could be sold in 2025.

- The best-selling project in January was The Orie, which sold 680 units at a median price of $2,731 per square foot.

- Private residential prices also saw a slight increase, rising by 0.8% in the first quarter of 2025, driven by growth in the Rest of Central Region (RCR) and new launches.