Please explain and forecast if the same factors that affected The Avenir’s price growth will also affect The Imperial’s price growth.

Many of the same factors that affected price growth at The Avenir are likely to influence The Imperial as well, as both developments are located in the Core Central Region (CCR) and share exposure to the same market dynamics.

- Market Competition: A wave of new project launches in the CCR increases competition, which can limit price growth for existing developments like The Imperial. Buyers may prefer newer, feature-rich projects, putting price pressure on older condos.
- Demand Trends: The CCR continues to appeal mainly to affluent locals and selected foreign buyers. In 2025, the market has seen more cautious sentiment, with local buyers dominating due to higher stamp duties on foreigners. If demand remains subdued, price growth at The Imperial may stay muted or be vulnerable to short-term downward adjustments.

- Economic and Policy Environment: Singapore’s overall economic outlook remains cautious amid persistent geopolitical and trade tensions. The government may also introduce further cooling measures around the general election. These factors generally temper buyer enthusiasm and slow potential price growth in luxury and prime segments like The Imperial.

- Transaction Volumes: The slowdown in new launches and fewer units sold in the CCR has already resulted in more stable or slightly increasing prices, but without sharp spikes. This trend is likely to continue influencing The Imperial, pointing towards more modest or sideways price growth barring major external shocks or surges in ultra-high-net-worth demand.

In summary, unless there is a significant shift in economic conditions, policy, or buyer sentiment, The Imperial’s price growth in 2025 is likely to continue experiencing similar pressures as The Avenir—marked by increased competition, cautious demand, and policy headwinds—leading to restrained upward movement in average prices.