Good Class Bungalow sales volume in 2025 expected to match, if not exceed, last year’s tally
Generational wealth transfer, Singapore’s stability underpin demand for the creme de la creme of the city-state’s landed housing market
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AFTER a strong performance in the Good Class Bungalow (GCB) market in the second half of 2024 lifted full-year sales above 2023 levels, market watchers are upbeat about prospects in 2025.
Julian Yip, managing director of Realstar Premier, said: “GCB buying activity will be supported by interest rates still continuing to go down, maybe by 100 basis points in 2025.”
He added: “Geopolitical conflicts and trade wars will continue to make Singapore even more attractive as a safe haven for new-citizen UHNWIs (ultra-high-net-worth individuals), be they from Taiwan, India or Europe.”
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