<ADV> HDB & Pte Resi 1Q 2025 Reports
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Read our latest report on the HDB market!
The HDB resale market remained relatively stable in 1Q 2025. Resale volume rose slightly to 6,590 units, slightly higher than the previous quarter, but lower than the average transaction volume of 7,141 units in the first quarter for the past four years. Prices of HDB resale flats grew at the slowest pace in a year by 1.6%.
The top 5 most popular HDB towns among buyers in 1Q 2025 are Jurong West, Sengkang, Tampines, Woodlands and Yishun. 19 out of 26 HDB towns saw price gains between 0.1% and 15.0% in 1Q 2025. Notably, million-dollar flats hit a record high of 348 transactions in a single quarter, with the highest numbers in mature estates like Toa Payoh, Bukit Merah, and Queenstown.
Looking ahead, the HDB resale market is expected to stay tight with limited supply. With supply of resale flats limited and no BTO or SBF launch in 2Q 2025, resale prices may pick up again. For this year, HDB resale flat transactions are estimated to be between 26,000 to 28,000 while resale flat prices are likely to grow at a moderate pace of 5% to 8%.
Read our latest report on the private residential market!
The private residential market continued on its growth path in 1Q 2025, with prices inching up by 0.8%. Transaction volume came in strong at 7,261 units, only slightly lower than the previous quarter but still above the 7,000-unit mark, which reflects growing buyer confidence.
The top 3 best-selling non-landed projects were PARKTOWN Residence (1,054 units), The Orie (690 units), and Lentor Central Residences (455 units), reflecting strong demand for well-located, attractively priced launches. 830 new Executive Condominiums (EC) units were sold, with Aurelle of Tampines achieving 92.6% sales, marking the best EC launch performance since 2017.
Singaporeans and Permanent Residents made up 98.7% of purchases, with foreigners accounting for 1%. 71.2% of the transactions in 1Q 2025 are less than $2.5 million, the sweet spot pricing in the market.
Looking ahead, with likely 17 more project launches, developers are expected to move 7,500 to 8,500 units in 2025. Price growth is also forecasted between 4% and 7% this year.
Speak to your preferred Huttons Associates to get an in-depth analysis and understand the opportunities in this market segment for you.
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Consumer Events
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