Next Property Bull Run

For the next property bull run in Singapore, several factors and trends are worth considering:

Rising Demand and Prices

Singapore's home prices are projected to rise in 2025, driven by a strong economy and sustained demand, particularly in the luxury and prime property segments. This is attributed to reduced cooling measures and increased foreign investor interest, which are expected to strengthen market confidence.

Landed Properties

Demand for landed properties is expected to continue surging as families seek more space and privacy. The trend towards remote work has fueled the desire for home offices, which are more practical in landed properties. District 19 has emerged as a top choice for landed homes due to its established neighborhoods and easy access to amenities.

Community Living and Shared Amenities

Community living is becoming increasingly popular, driving up demand for properties with shared amenities. The co-living market has seen significant growth, and mixed-use developments that blend residential, commercial, and recreational spaces are on the rise. These properties offer communal facilities that foster community living and are expected to continue growing in popularity.

MRT Network Expansion

The expansion of the MRT network is transforming property values in newly connected areas. Improved connectivity makes these areas more accessible and attractive to buyers, leading to increased property transactions and higher property values. This trend is expected to continue as the MRT network expands further.

Cooling Measures and Supply

While new cooling measures, such as the increased Additional Buyer's Stamp Duty (ABSD) for foreigners, aim to curb speculative buying and control price hikes, the government also plans to boost the housing supply. The target is for 40,000 new completions in 2023 and a total of 100,000 from 2023 to 2025, which should help stabilize private property prices and support long-term market equilibrium.

Overall, these factors suggest that the next property bull run in Singapore will be driven by strong local demand, particularly for landed properties and those with shared amenities, as well as the ongoing expansion of the MRT network and strategic government initiatives to manage market growth.