.table-bordered tr:nth-child(even) {
background-color: #ffffff;
}
.table-bordered tr:nth-child(odd) {
background-color: #f9f9f9;
}
Launches and Sales
Developers’ sales in Feb 2025 topped Jan’s sales by 45.4% to reach 1,575 units. Feb 2025’s sales was more than 10 times the sales of 153 units clocked a year ago.
In the first two months of 2025, developers sold a total of 2,658 units. This is the highest sales for the first two months of the year since 2013.
The exceptional sales in Feb 2025 were due to 2 major launches – ELTA and PARKTOWN Residence.
1,694 units were launched for sale, 89.1% more than Jan 2025 and 37.6 times more than Feb 2024.
ELTA and PARKTOWN Residence attracted keen interest from more than 3,000 buyers, selling a total of 1,367 units in Feb 2025.
ELTA sold 326 units in Feb 2025, continuing the strong sales for projects along Clementi Ave 1. ELTA is the last parcel of land for condo development along Clementi Ave 1. Buyers recognised the limited supply and were eager to buy a unit in ELTA for potential capital appreciation.
PARKTOWN Residence sold 1,041 units in Feb 2025. No mega project has sold more than 1,000 units in its launch weekend since the launch of the 1,399-unit High Park Residences, which sold 1,100 units over three days in Jul 2015. It shows the popularity of fully integrated developments and buyers’ trust in the Tampines 5-year masterplan for 2025 to 2030.
These two major launches made up 86.8% of total sales in Feb 2025.
Purchases by Market Segments and Price Range
Due to the launch of two major projects in the OCR, sales in the OCR made up 92.2% of total sales in Feb 2025
The RCR proportion was 6.2% while the CCR accounted for 1.6%.
Top Projects by Sales in Feb 2025
| Project Name | Region | Units Sold in the Month | Median Price ($psf) | Lowest Price ($psf) | Highest Price ($psf) |
|---|---|---|---|---|---|
| PARKTOWN RESIDENCE | OCR | 1041 | 2,363 | 2,146 | 2,589 |
| ELTA | OCR | 326 | 2,538 | 2,200 | 2,881 |
| PINETREE HILL | RCR | 22 | 2,613 | 2,140 | 2,715 |
| HILLOCK GREEN | OCR | 18 | 2,098 | 1,924 | 2,479 |
| NAVA GROVE | RCR | 18 | 2,574 | 2,372 | 2,696 |
| HILLHAVEN | OCR | 13 | 2,216 | 1,966 | 2,376 |
| THE CONTINUUM | RCR | 10 | 2,906 | 2,748 | 2,996 |
| KASSIA | OCR | 9 | 2,065 | 1,907 | 2,147 |
| TERRA HILL | RCR | 8 | 2,574 | 2,305 | 2,766 |
| BAGNALL HAUS | OCR | 7 | 2,469 | 2,358 | 2,632 |
| GRAND DUNMAN | RCR | 7 | 2,541 | 2,283 | 2,601 |
| THE ORIE | RCR | 7 | 2,669 | 2,516 | 2,923 |
| MEYER BLUE | RCR | 6 | 3,243 | 3,033 | 3,443 |
| SCENECA RESIDENCE | OCR | 6 | 2,050 | 1,970 | 2,089 |
Source: URA, Huttons Data Analytics as of 17 Mar 2025
Singaporeans made up 92.4% of buyers in Feb 2025 while PRs accounted for 6.9%.
The top two transactions by quantum were at 32 Gilstead which were bought by foreigners.
Purchases by Residential Status and Price Range in Feb 2025
| <$1.5 million | $1.5 to <$2 million | $2 to <$2.5 million | $2.5 to <$5 million | $5 to <$10 million | $10 million and above | Total | |
|---|---|---|---|---|---|---|---|
| Singaporeans | 245 | 562 | 319 | 323 | 6 | 2 | 1,457 |
| Permanent Residents | 26 | 38 | 11 | 29 | 3 | 1 | 108 |
| Foreigners | – | 2 | 1 | 4 | 2 | 2 | 11 |
| Companies | 0 | 0 | |||||
| Total | 271 | 602 | 331 | 356 | 11 | 5 | 1,576 |
Source: URA, Huttons Data Analytics as of 17 Mar 2025
Singaporeans made up 92.4% of buyers in Feb 2025 while PRs accounted for 6.9%.
The top two transactions by quantum were at 32 Gilstead which were bought by foreigners.
Purchases by Residential Status and Price Range in Feb 2025
| <$1.5 million | $1.5 to <$2 million | $2 to <$2.5 million | $2.5 to <$5 million | $5 to <$10 million | $10 million and above | Total | |
|---|---|---|---|---|---|---|---|
| Singaporeans | 245 | 562 | 319 | 323 | 6 | 2 | 1,457 |
| Permanent Residents | 26 | 38 | 11 | 29 | 3 | 1 | 108 |
| Foreigners | – | 2 | 1 | 4 | 2 | 2 | 11 |
| Companies | 0 | 0 | |||||
| Total | 271 | 602 | 331 | 356 | 11 | 5 | 1,576 |
Source: URA, Huttons Data Analytics as of 17 Mar 2025
Purchases by Foreigners
There were 11 purchases by foreigners in Feb 2025 out of which 6 bought properties in the CCR. Another 3 bought in the RCR and 2 foreigners acquired properties in the OCR.
Proportion of Purchase by Foreigners
Source: URA, Huttons Data Analytics as of 17 Mar 2025
Executive Condominiums
29 EC units were sold in Feb 2025 with Novo Place leading the pack with 17 sales.
The median prices of ECs sold in Feb 2025 ranged from $1,324 to $1,676 psf.
The widening gap in prices of new OCR private homes and new ECs means that the value proposition of ECs is even stronger. The prices of resale EC or mass market condo can be higher than a new EC. Thus, new EC will continue to draw demand.
Outlook
There are 3 launches in Mar 2025 – Aurea, Aurelle of Tampines (EC) and Lentor Central Residences.
In total, developers have sold an estimated 1,150 units from these three launches. Excluding EC, 468 units were sold.
Aurea, an iconic integrated mixed-use development along Nicoll Highway, sold 23 units on launch weekend which is similar to past launches in the CCR.
Aurelle of Tampines (EC) sold 682 units or close to 90% of its units, supported by strong demand from first timers and HDB upgraders.
Lentor Central Residences sold 445 units of 93.3% of its units, making it the best-selling private residential project by percentage terms in 2025 to date.
Huttons Data Analytics estimate developer’s sales excluding ECs in 1Q 2025 to exceed 3,200 units. This is close to 4Q 2024’s 3,420 units and is the highest 1Q sales since 2021.
The strong demand in the past few months is supported by fundamentals such as a sharp rise in wealth and cuts in interest rate.
5 projects – 21 Anderson, Arina East Residences, Bloomsbury Residences, One Marina Gardens and W Residences Singapore – Marina View are expected to book sales in Apr 2025.
Developers are estimated to sell between 7,500 and 8,500 units in 2025.
Barring unforeseen circumstances, prices in the property market are estimated to grow between 4% and 7% in 2025.
Upcoming Projects in 2Q to 4Q 2025
| No. | Project Name | Developer | Location | District | Tenure | Est Units | Est Launch Period |
|---|---|---|---|---|---|---|---|
| 1 | 21 Anderson | Anderson International Properties Pte Ltd/Raffles Legend Properties Pte Ltd | Anderson Road | 10 | FH | 18 | Mar/Apr 2025 |
| 2 | Bloomsbury Residences | Qingjian Realty and Forsea Residence | Media Circle | 5 | 99 | 358 | Mar/Apr 2025 |
| 3 | One Marina Gardens | Kingsford Huray Development, Obsidian Development and Polarix Cultural & Science Park Investment | Marina Gardens Lane | TBC | 99 | 937 | Mar/Apr 2025 |
| 4 | Arina East Residences | ZACD Group | Tanjong Rhu Road | 15 | FH | 107 | Apr 2025 |
| 5 | W Residences Singapore – Marina View | IOI Properties | Marina View | 1 | 99 | 683 | Apr 2025 |
| 6 | Upperhouse @ Orchard Boulevard | UOL Group and Singapore Land Group | Orchard Boulevard | 9 | 99 | 301 | May 2025 |
| 7 | Artisan 8 | Apex Asia Development | Sin Ming Road | 20 | FH | 34 | May/Jun 2025 |
| 8 | Lyndenwoods | CapitaLand Development Singapore | Science Park Drive | 5 | 99 | 345 | 2Q 2025 |
| 9 | Upper Thomson Road (Parcel B) | GuocoLand (Singapore) Pte. Ltd. and Intrepid Investments Pte. Ltd. | Upper Thomson Road | 26 | 99 | 941 | 2Q 2025 |
| 10 | Zion Road (Parcel A) | CDL-MFA Vega Property Pte. Ltd. and CDL-MFA Altair Property Pte. Ltd. | Zion Road | 3 | 99 | 706 | 2Q 2025 |
| 11 | Otto Place (EC) | Hoi Hup Realty and Sunway Developments | Plantation Close | 24 | 99 | 600 | Jun/Jul 2025 |
| 12 | The Roberston Opus | River Valley Tower Pte Ltd | Robertson Walk | 9 | 999 | 348 | Jul 2025 |
| 13 | Canberra Crescent | Peak Nature Pte Ltd and Huatland Development Pte. Ltd. | Canberra Crescent | 27 | 99 | 376 | 3Q 2025 |
| 14 | The Sen | SL Capital (8) Pte Ltd | De Souza Avenue | 21 | 99 | 347 | 3Q 2025 |
| 15 | Holland Drive | Holly Development Pte. Ltd. | Holland Drive | 10 | 99 | 666 | 3Q 2025 |
| 16 | RiverGreen | Winchamp Investment Pte. Ltd. | River Valley Green | 9 | 99 | 525 | 3Q 2025 |
| 17 | Margaret Drive | Intrepid Investments Pte. Ltd., Hong Realty (Private) Limited and GuocoLand (Singapore) Pte. Ltd. | Margaret Drive | 3 | 99 | 462 | 4Q 2025 |
| 18 | Zion Road (Parcel B) | Valerian Residential Pte. Ltd. | Zion Road | 3 | 99 | 610 | 4Q 2025 |
| Total | 8,364 |
* in alphabetical order followed by chronological order
Source: URA, Huttons Data Analytics as of 17 Mar 2025
Copyright © 2025. Assets Advisory Partners. All rights reserved.