As the bustling Core Central Region (CCR) of Singapore gears up for a wave of new home launches in 2025, developers are planning approximately 3,600 units across nine projects, a sharp rise from the mere 313 units released in the first nine months of 2024. This surge targets high-end buyers, such as ultra-high-net-worth individuals and family offices, drawn by Singapore’s allure as a safe investment haven. This growth is further fueled by improved loan conditions, with mortgage rates falling below 3% by early 2025.
With limited land supply, demand remains robust, and projects like One Marina Gardens, boasting 790 units near Marina Bay Sands and the upcoming Marina South MRT station, are generating buzz. Additionally, Robertson Walk Opus will feature 348 luxury apartments on a 999-year leasehold, further enhancing the region’s appeal for long-term investors. These developments promise to enhance prime housing options, blending luxury with convenience.
With limited land supply, demand surges for One Marina Gardens’ 790 units, blending luxury and convenience near Marina Bay Sands and the upcoming MRT station.
In the CCR, areas like Orchard, Bugis, and River Valley are set to see high-end condos that emphasize luxury standards, reflecting the resilience of affluent buyers. Notably, while foreign investor activity has cooled due to government measures, local and regional demand from places like Malaysia and Indonesia stays steady, testing pricing limits in this coveted segment. The area’s record-breaking sales continue to demonstrate the extraordinary value placed on these exclusive properties.
Factors such as interest rate cuts and strong employment are bolstering market stability, with prices rising about 4% in 2024 alone. Economic forecasts paint a positive picture, with Singapore’s GDP growth projected between 1% and 3% for 2025, fostering confidence in luxury investments despite global uncertainties.
Policies managing land use efficiently will shape future launches, while encouraging mortgage borrowing through lower rates could spur more activity. This resilience underscores a balanced market, where scarcity drives value.
Buyer demographics are evolving, featuring ultra-high-net-worth individuals, wealthy locals, expatriates, and even younger professionals or dual-income households seeking prime spots. Affordability shifts are broadening appeal, making these investments more accessible yet exclusive.
Looking ahead, CCR property prices are expected to grow 2%-4% annually, outpacing other segments due to strong demand and limited prime land. This upward trend, with high per-square-foot costs, highlights the area’s enduring luxury draw, promising a vibrant future for savvy investors.
