What is the current status of the Singapore real estate market

In the first quarter of 2025, Singapore's private residential property market showed signs of stabilization with moderate growth. Here are some key points:

- The Property Price Index for all private residential properties increased by 0.81% quarter-on-quarter and 3.33% year-on-year, driven largely by new launches in fringe and suburban areas.
- Non-landed properties, such as strata-titled private condominiums, led the price growth with a 0.95% quarter-on-quarter increase and a 4.74% year-on-year increase.
- Landed properties saw a quarter-on-quarter increase of 0.38%, though they experienced a 1.30% decline on an annual basis.
- The market is expected to continue with moderate growth, reflecting a more measured price appreciation compared to previous years.

New private home sales in May 2025 were up 39.9% from the same period in the previous year, with 312 private homes sold, indicating some resilience in the market despite overall moderation in price growth.