FX.co ★ Singapore Home Prices Growth Eases in Q1

Private home prices in Singapore experienced a 0.6% quarter-on-quarter increase in the first quarter of 2025, following a 2.3% rise in the previous quarter, according to preliminary estimates. This represents the second successive quarter of growth, albeit at a decelerated pace, as the momentum in non-landed property prices (0.6% compared to 3% in Q4 2024) eased across all segments. Notably, there was a substantial moderation in prices within the Core Central Region (CCR) (0.6% compared to 2.6%), the Rest of Central Region (RCR) (1% compared to 3%), and the Outside Central Region (OCR) (0.3% compared to 3.3%). On the other hand, prices for landed properties showed a recovery, increasing by 0.6% after a slight dip of 0.1% previously. The overall volume of sales transactions dropped by 15% compared to the previous quarter. The authority stated that "despite some easing in the fourth quarter of last year in conjunction with the decline in US interest rates, domestic mortgage rates are anticipated to remain relatively high compared to the low levels observed over the past decade."