private home sales

THE LEVEL GROUND

Drop in HDB resale flat prices in Q1 no cause for panic among condo buyers

But mind weakening tailwind in upgrader demand if HDB resale market weakens 

The seller of a five bedder at Leedon Residence made S$5.2 million in profit, after selling the unit for S$14 million in February.

S$14 million Leedon Residence deal nets S$5.2 million profit, tops Q1 resale gains 

ECs among top percentage gainers with profits of 130%-140%; biggest losers suffer losses of up to S$1.9m

Private home price growth was led by non-landed properties, where prices rose 1.3% in Q1.
SINGAPORE PROPERTY

Private home prices rise 0.9% in Q1, setting stage for steady 2026

They accelerate from 0.6% growth in previous quarter even as sales volume dips

The price tag for the Nassim Road GCB works out to nearly S$4,550 per square foot.

Nassim Road bungalow changing hands for S$64.9 million

The buyer is understood to be Shiv Puri, an entrepreneur who started his own fund TVF

Sales have rebounded after the year-end lull and seasonal Chinese New Year pullback.

Near sell-out launches in March boost developer sales to 1,300 units after four slow months

New home sales are more than five times February’s figure, and up 78.3% year on year

A new condo home’s saleable area typically captures more accurately a unit’s actual usable space.
THE LEVEL GROUND

High per square foot prices of new condos could be increasingly irrelevant to buyers

For many, the focus is on finding the right home at an acceptable absolute quantum

By region, prices of non-landed homes rise across the board.

Singapore private home prices rise 0.3% in Q1, easing from 0.6% in Q4: URA flash data

Prices inch up even as market activity softens, with sales volume falling nearly 40% to 4,401 units as at mid-March

Rivelle Tampines comprises 11 blocks of 12 to 14 storeys.

Rivelle Tampines EC sells over 90% of units at average price of S$1,893 psf at launch

Demand comes from a mix of buyers, including a ‘notable proportion’ of young professionals and public housing upgraders

The latest February sales figure – which excludes ECs – is also just over half the 466 units sold in January. 

New private home sales dwindle to 246 units in February during Chinese New Year lull

Sales are expected to ramp up in the coming months as more ‘attractive’ projects hit the market, analysts say