Please summarize the current price trends for condos

Current condo trends in Singapore indicate a stable and moderately growing market. Here are some key points:

- Price Outlook: Condo property prices are expected to see stable and moderate growth over the next five years, influenced by various market factors.

- New Launches: Approximately 20 new condo projects are set to be launched in the second half of 2025, introducing around 8,000 new units into the market. This includes developments like ELTA in Clementi, which offers a range of unit types and extensive resort-style facilities.

- Price Movements: In the first quarter of 2025, Singapore's private residential property price index rose by 0.8%, driven by growth in the Rest of Central Region (RCR) and new launches. This follows a 2.3% increase in the fourth quarter of 2024.

- Market Drivers: Factors such as wealth transfers, increasing land costs, and a focus on sustainability are expected to shape the housing market in the coming years.

Overall, the condo market in Singapore is poised for continued growth, albeit at a moderate pace, with a significant influx of new units and ongoing market dynamics influencing prices.