Singapore House Price Index MoM

Private home prices in Singapore increased by 0.8% quarter-on-quarter in Q1 of 2025, higher than the preliminary estimate of a 0.6% rise and following a 2.3% rise in the previous period. This marked the 2nd consecutive quarter of growth, though at a softer pace, due to more moderate increases in non-landed property prices (1.0% vs. 3.0% in Q4 2024), with all sectors experiencing a slowdown. There was a significant moderation in prices in the Core Central Region (0.8% vs. 2.6%), the Rest of Central Region (1.7% vs. 3.0%), and the Outside Central Region (0.3% vs. 3.3%). Meanwhile, prices recovered for landed properties (0.4% vs. -0.1%). Developers sold 3,375 private residential units (excluding ECs) in Q1 of 2025, compared to the 3,420 units sold in Q4 of 2024. The authority said in a statement that, despite domestic interest rates having eased from their peak at the end of 2023, they are expected to remain higher than the low levels seen over the past decade.