Singapore’s private housing market is picking up momentum as we enter 2025. For global investors, newly relocated professionals, and local upgraders, each condo launch can shape not just housing choices, but also long-term financial stability and quality of life. The city-state continues to draw attention due to its strong regulations, excellent safety, and world-class infrastructure—all of which keep international capital flowing in steadily.
Quick Snapshot
* Around 24 new private projects and 3 executive condominium (EC) developments are expected this year, adding nearly 11,000 new units.
* In the Outside Central Region (OCR), entry prices now begin at about S$1,900 per square foot, surpassing city-fringe and core city areas.
* Average mortgage rates have fallen to 2.5%-2.6% following U.S. Federal Reserve rate cuts in late 2024—a boost for buyers.
Market Pulse Heading into 2025
Developers approached 2024 cautiously, but activity has picked up again with the new year. An estimated 3,600 units will launch in both the Core Central Region (CCR) and in suburban areas. This reflects sustained demand from HDB upgraders and international buyers. Lower borrowing rates have helped ease loan burdens, and while prices remain firm, growth is expected to cool slightly due to stable land prices and regulatory safeguards.
Core Central Region (CCR): Heart of the City
For those eyeing prime city living with direct access to key financial districts, W Residences – Marina View is worth watching. This project offers around 680 units and connects to three expressways and four MRT lines. Close by is the anticipated Marina Gardens Lane, a 790-unit luxury tower beside Gardens by the Bay. Another project to note is the Orchard Boulevard development, with 280 units and direct MRT access via the Thomson-East Coast Line.
Rest of Central Region (RCR): Energetic City Fringe
RCR’s highlights include The Orie in Toa Payoh, the first new condo in that area in over ten years. In Queenstown, Margaret Drive Residences is set to launch, backed by the district’s well-established infrastructure. Zion Road will see two projects introducing long-stay serviced apartments, strategically located near growing transport links and high rental demand from foreign professionals.
Outside Central Region (OCR): Expanding into the Suburbs
One of the biggest projects this year is Parktown Residence in Tampines, which features 1,193 units and an integrated transport hub. Over in the west, Elta @ Clementi will open with 501 units, conveniently near Nan Hua High School and Clementi MRT. Lentor Central Residences is also coming soon—this marks the sixth launch in the area, following the strong response to earlier projects there.
Executive Condominiums (EC): A More Affordable Entry Point
Three new ECs are on the horizon: Aurelle of Tampines, Plantation Close EC in the smart township of Tengah, and Jalan Loyang Besar EC near Pasir Ris Park. Together, they offer 2,030 units—the largest EC pipeline since 2014. For permanent residents and foreign buyers seeking a more budget-conscious option, ECs provide a lower-cost alternative. However, buyers must factor in the longer Minimum Occupation Period (MOP) before they can sell or lease out their unit.
Pricing Trends and Financing Landscape
Developers are setting starting prices in OCR at around S$1,900 psf. Rates are even higher in RCR and CCR, due to land premiums and proximity to central business hubs.
Lower mortgage rates, now at 2.5–2.6%, have strengthened buyer purchasing power. For example, monthly repayments on a S$1 million loan are now nearly S$800 lower than last year.
Even with improved financing conditions, analysts predict the Property Price Index will only rise by 1–2% in 2025. This is due to tighter control over land bids and closer monitoring of construction activity.
Sustainability and Smart Living Features
New condos must meet Singapore’s Green Mark 2021 standards. Most upcoming launches will include solar-ready rooftops, EV charging stations, and modern air filtration systems.
For international buyers, especially those from Europe or North America, sustainability and efficiency matter. Developers are adjusting their building designs to meet global ESG benchmarks. Some, like W Residences, even feature AI-based energy management to reduce electricity consumption.
Why Investors Are Focusing on Singapore
Family offices and wealthy individuals continue shifting their focus to Singapore. The country’s strong legal structure, low capital gains taxes, and stable currency offer a level of security that’s rare globally.
With a forecasted GDP growth of 2.8% and low unemployment rates, demand remains strong. Even as monetary policies ease in the U.S. and Europe, the strength of the Singapore dollar helps preserve portfolio value.
How to Secure a Unit Quickly
Large launches often move fast—some sell out during preview events. That’s why veteran agents always advise buyers to prepare early.
Here are four key steps to improve your chances:
- Prepare all required documents—NRIC, income proof, and CPF statement—before booking opens.
- Set a firm budget and avoid stretching it even if tempted by larger or premium units.
- Have a backup unit in mind, based on orientation and floor level, in case your first choice is taken.
- Stay financially disciplined. It’s better to walk away than to buy a unit that strains your monthly cash flow.
Know Your Developer’s Track Record
Not all developers deliver the same quality. Before committing, check their reputation for completing projects on time, the standard of finishes, after-sales service, and financial stability.
Companies like GuocoLand and WingTai are known for strong investments in smart features and well-planned amenities. Choosing a developer with a consistent record can help preserve your home’s value in the long run.
Timelines and Construction Outlook
Some large-scale launches like Marina Gardens Lane will be rolled out in phases. Most of these projects are expected to reach their TOP (Temporary Occupation Permit) between 2029 and 2031.
Smaller builds like the Orchard Boulevard tower could be completed earlier due to simpler layouts and fewer floors. Align your cash flow planning and life milestones—like your children’s education or work relocation—with your desired project’s TOP.
Final Reminders Before You Commit
Upcoming launches span a wide range of locations, prices, and features. The right one for you should fit your lifestyle and long-term financial plans.
Pay close attention to the developer’s background, the state of the market, and your personal readiness. With clear documents, a fixed budget, and a strong understanding of your priorities, your chances of securing a valuable home in Singapore improve greatly.