Should I buy a condo now or wait?

Whether you should buy now or wait depends on your objectives, budget, and risk tolerance, but market data shows prices remain on an uptrend with sustained demand, especially for new launches in prime areas.

Recent quarters have seen renewed buyer interest in the Core Central Region (CCR), with multiple new launches and record transaction volumes—the highest since 2010. Nearly two-thirds of CCR new private home sales in the most recent quarter were priced below 2.5 million, making them more accessible than in previous years, which has contributed to the current market hype. Developers are launching projects at "sweet spot" pricing, attracting both local and permanent resident buyers.

Prices overall have continued to rise across both CCR and Rest of Central Region (RCR), driven by high new launch demand and increased transaction volumes. The uptrend is supported by strong fundamentals: Singapore’s limited land supply, robust economy, long-term transformation plans, and high rental demand. These factors make further significant downward price corrections unlikely in the near term.

If you are buying for own-stay and have identified a project suiting your needs and budget, entering the market now could secure preferred units and avoid further price increases. For purely investment-focused buyers looking for value entry, it is prudent to monitor future launches, as occasional supply bumps or changes in cooling measures may create opportunities—but timing the market perfectly remains very challenging.

Ultimately, if your finances are healthy and your property matches lifestyle or long-term needs, current conditions still favour buyers. If you are highly sensitive to potential short-term market corrections, waiting could offer more options, but with the risk of missing out on prime choices as demand remains resilient.