Projections for the central and east districts.

For the central and east districts of Singapore, here are some key projections and trends:

Central District

• The central region, particularly the Core Central Region (CCR), is expected to see continued demand driven by new project launches. Over 30 new projects, including some in the CCR, are targeted for launch in 2025, which will test the resilience of Singapore's high-end housing market.
• Private home prices in the CCR have shown resilience, with overall private property prices climbing 2.3% in the fourth quarter of 2024 and 3.9% for the full year. This growth is partly driven by strong sales and new launches.

East District

• The East Region, which includes areas like the Rest of Central Region (RCR) and the Outside Central Region (OCR), is also expected to see significant activity. Prices in these areas are projected to be competitive, with new project launch prices in the OCR ranging between $2,200 and $2,500 per square foot.
• The overall market sentiment remains cautious due to factors such as elevated interest rates and the recent hike in additional buyer’s stamp duty (ABSD), which may impact buyer decisions. However, the East Region tends to attract buyers looking for more affordable options compared to the central areas.

In summary, both the central and east districts are expected to experience ongoing activity with new project launches, though the market is likely to remain cautious due to economic and policy factors.