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OUTLOOK 2025

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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Kalpana Rashiwala

Kalpana Rashiwala

Published Wed, Jan 8, 2025 · 01:59 PM
    • A house on Gallop Park Road is being sold by Lily Yeo, the wife of the late Alan Yeo of Yeo Hiap Seng. The price is understood to be in the low-S$40 million range.
    • A house on Gallop Park Road is being sold by Lily Yeo, the wife of the late Alan Yeo of Yeo Hiap Seng. The price is understood to be in the low-S$40 million range. PHOTO: GOOGLE MAPS
    39 GCB Areas.pdf

    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.”

    Singapore propertyGood class bungalowResidentialSingapore residential property

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