Based on the current forecasts and market trends, private property prices in Singapore are not expected to drop in 2025. Instead, they are projected to rise due to several factors:
- Limited supply of new completions, with a significant decline in the number of private home units expected to be completed in 2025 compared to 2024.
- Strong and sustained demand for private residential properties, with predictions of 8,000 to 9,000 new private homes to be transacted in 2025.
- Economic recovery, stable economy, and high investor confidence, which are driving the market towards steady growth.
- Projections indicate a moderate to strong price growth, with private property prices expected to rise by 3% to 4% or even up to 4.5% in some estimates.
These factors suggest that the Singapore private property market will experience upward pressure on prices, particularly in prime areas such as the Core Central Region (CCR) and the Rest of Central Region (RCR).
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