As the Singapore condo resale market continues to navigate a landscape marked by both challenges and opportunities, recent trends reveal an intriguing picture for prospective buyers and investors alike. February 2025 saw resale prices dip slightly by 0.4% month-over-month, but when looking at the broader picture, prices were up a robust 5.8% year-over-year. Buyers may find this a reassuring sign, hinting at potential stability, especially in the Core Central Region (CCR), where prices increased by 0.3%.
The Singapore condo resale market shows resilience, with a slight monthly dip but significant year-over-year price growth, indicating potential stability for buyers.
While the Rest of Central Region (RCR) and the Outside Central Region (OCR) experienced some price dips, the year-over-year increases of 5.5% and 5.7% respectively, highlight ongoing demand. Significantly, suburban estates have showcased continued popularity, even amidst slight declines, suggesting that buyers are keen on these areas perhaps due to affordability or family-friendly amenities. Furthermore, with limited new launches expected to shift focus to the resale market, buyer competition may intensify in sought-after locations. This potential scarcity in the housing market, driven by limited supply of flats reaching minimum occupation period (MOP), could further boost resale activity.
February 2025 also marked a significant surge in resale volumes, with buyers evidently drawn to healthy options in suburban properties. A vital driver behind this surge is the declining interest rates observed in early 2025, which have rekindled buyer confidence. The introduction of Deferred Payment Schemes in the market has also enhanced accessibility to previously unaffordable real estate opportunities for many buyers.
With the immediate availability of resale condos outpacing new projects, many buyers are prioritizing convenience. Additionally, despite past cooling measures affecting seller strategies, demand seems resilient, particularly for older homes in prime locations.
The wealthier segment remains engaged too; a standout transaction at The Ritz-Carlton Residences saw a resale at a staggering S$13.8 million in January. Such high-value transactions indicate a robust market for luxury condominiums in the CCR, ensuring price stability even in mixed regional trends.
Ultimately, the combination of improving capital gains, steady returns from older properties, and the allure of Singapore’s limited land supply keeps the condo resale market both active and appealing. As interest rates decline, condos continue to present a solid investment opportunity for those looking to capitalize on the evolving landscape.
