Singapore Q1 Private Home Prices Revised Upward
In the first quarter of 2025, Singapore saw a 0.8% increase in private home prices compared to the previous quarter. This rise surpassed the preliminary estimate of a 0.6% increase, following a 2.3% upswing in the earlier period. This marks the second consecutive quarter of price growth but at a more subdued rate, primarily due to tempered increases in non-landed property prices, which climbed by 1.0%, down from 3.0% in the last quarter of 2024. All sectors experienced a deceleration. In particular, the Core Central Region (CCR) saw a notable moderation with prices increasing by 0.8%, compared to 2.6% previously. The Rest of Central Region (RCR) and Outside Central Region (OCR) also exhibited slower growth, with price hikes of 1.7% and 0.3% respectively, down from 3.0% and 3.3%. Conversely, landed properties experienced a price recovery, appreciating by 0.4% after a 0.1% decline.
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