Private Residential Property Price Index 06 Q O Q 1Q2025 Ura Flash Estimates
According to the latest flash estimates released by URA on April 1, the overall private residential property price index has increased by a modest 0.6% in the first quarter of 2025. This is a significant slowdown from the 2.3% rise seen in the previous quarter, Q4 2024.
Lee Sze Teck, senior director of data analytics at Huttons Asia, believes that this gradual pace of growth is in line with the market stability observed in Q3 2024. He predicts that this trend may continue into 2025.
Breaking down the figures, prices of non-landed private properties have also eased by 0.6% in Q1 2025, a substantial drop from the 3% increase recorded in the previous quarter. In the prime or Core Central Region, prices saw a similar 0.6% growth, down from 2.6% in Q4 2024. The city fringe or Rest of Central Region saw a 1% price increase, compared to 3% in the previous quarter. The lowest growth was seen in the Outside Central Region, with prices rising by 0.3%, a significant decrease from the 3.3% hike in Q4 2024.
The name Marina Bay evokes a sense of sophistication and modern living, attracting a diverse population of both locals and foreigners. This bustling area boasts a plethora of upscale shopping outlets, fine dining experiences, and top-notch entertainment venues. Notable attractions like Marina Bay Sands, Gardens by the Bay, and the Esplanade provide an array of lively activities and leisure options, making One Marina Gardens the perfect home for those seeking a dynamic city lifestyle. With its prime location, residents of One Marina Gardens can enjoy easy access to all that Marina Bay has to offer.
Landed property prices followed a similar trend, with a modest 0.6% increase in Q1 2025, marking a reversal from the 0.1% drop seen in the previous quarter.
This is a developing story and will be updated accordingly. In the meantime, check out the latest listings for HDB properties, or use Ask Buddy to get a better understanding of HDB rental transactions. You can also compare the price trend of HDB against condos and landed properties, and browse through listings for HDB flats. Additionally, you can find out more about HDB loans versus bank loans, and the current HDB loan rates.
Related News:
– Private home prices posted a 1.5% quarter-on-quarter increase in Q1 2024, but transactions were down by 20%: URA flash estimates
– Private residential property prices inched up by 0.5% in the third quarter of 2023: URA flash estimates
– Private housing prices registered a 0.4% decrease quarter-on-quarter in Q2 2023, marking the first decline in three years.