Q4 rebound underscores resilient housing demand, but market challenges remain: analysts

MOMENTUM from an unexpected rebound in private home prices and sales in the fourth quarter of 2024 could boost prices by 3 to 6 per cent in 2025, after a 3.9 per cent gain last year, analysts said.

But while household balance sheets remain strong, global uncertainties and ample fresh supply in new projects could lead to more “discerning” buying.

Despite a notable sales rebound and price uptick in the final quarter, full-year price growth for 2024 moderated to 3.9 per cent, continuing a progressive deceleration from 10.6 per cent in 2021, 8.6 per cent in 2022, and 6.8 per cent in 2023, Chia Siew Chuin, JLL’s head of residential research, research and consultancy, said.