Insightful Property Reports

Developers achieved another strong month of new home sales in February, with 1,575 new units (ex. executive condo) sold in the month, thanks to the stellar performance at a couple of new launches. This marks a 45% jump from the 1,083 units shifted in January; year-on-year, sales were up by more than 10 times from the 153 units transacted in February 2024. February’s sales were single-handedly propped up by the Outside Central Region (OCR), at 1,452 units (ex. EC) – reflecting the best monthly showing for this sub-market in more than 9 years, since 1,523 units were sold in July 2015. Read the latest report to see how the new homes sales market performed in February 2025!

Developers’ sales rebounded strongly in January 2025 helped by robust sales at new launch project The Orie, and transactions at One Bernam in the city. There were 1,083 new private homes (ex. executive condos) sold in January, marking a more than five times jump in sales from the 203 units shifted in December 2024. This is the best-performing sales in the month of January since 1,633 units were transacted in January 2021. Read the latest report to see how the new homes sales market performed in January 2025!

Following the sizzling sales in November, new home sales fizzled out and fell by 92% in December to 203 units (ex. EC) from the 2,560 units transacted in the previous month. The slump in developers’ sales was expected as there were no fresh project launches in December, after an unprecedented deluge of launches in November. The 203 new units sold in December represent the lowest monthly sales in 10 months, since 153 units were transacted in February 2024. Read the latest report to see how the new homes sales market performed in December 2024!

In Q4 2024, the office market picked up in sales momentum, recording 97 deals totaling nearly $303 million. Office rents in the Central Region continued to decline, dropping 0.9% QoQ, while vacancies eased to 10.6% due to a decline in new office completions. Meanwhile, the industrial sector showed more resilience, with prices remaining stable, growing by 2% QoQ despite a decline in sales volume. Rentals continued to rise for the 17th consecutive quarter, edging up by 0.5% QoQ. Overall Industrial occupancy rates stayed steady at 89.0%. Read this report for insights on how the office and industrial property sectors performed in Q4 2024!

Sales momentum in the shophouse sector remained resilient during Q4; a number of big ticket non-caveated deals were done during the quarter. Based on caveats lodged, there were 22 shophouse transactions recorded in Q4 2024, up by 22% QOQ from the 18 deals in Q3 2024. Leasing activity remained healthy with brisk tourist arrivals and spending. Overall Shophouse rentals eased further in Q3. According to caveats lodged, overall monthly median rents of shophouses eased to $6.47 psf in Q4.

Overall private home prices and HDB resale flat prices achieved stronger growth in Q4 2024, thanks to robust new private home sales and resilient public housing demand during the last quarter of the year. Read this latest research report to know how the property market performed in Q4 2024 and the outlook for 2025!