Singapore’s prime residential market gears up with 2,500 new homes to be launched in 2025
The new residences in five projects in the prime CCR will be a major boost in supply from the 680 units marketed last year and 630 units in 2023
[SINGAPORE] The clouds that darkened the outlook for Singapore’s prime residential sector may be lightening, with activity stirring as a slew of new projects hit the market this year.
About 2,500 new homes in five projects in the prime Core Central Region (CCR) are expected to be launched in 2025, a major boost in supply from the 680 units marketed last year and 630 units in 2023.
Developers pulled back launches as demand dried up in the two years after steep stamp duty hikes were introduced in April 2023. Foreign buyers – subjected to the highest 60 per cent additional buyer’s stamp duty (ABSD) rate – retreated rapidly, and prices lagged as sales shrank.
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