Singapore records $5.8b in real estate deals for Q1

Whilst this marks an 11.6% decline QoQ from $6.5b in Q4 2024, the figure represents a 38.4% YoY increase.

Singapore recorded $5.8b in real estate investment sales in the first quarter of 2025, according to the latest ETC Research Digest.

Whilst this marks an 11.6% decline QoQ from $6.5b in Q4 2024, the figure represents a 38.4% YoY increase.

A significant portion of the activity was driven by Government Land Sales (GLS), which contributed $3.6b through six awarded sites including Dairy Farm Walk, River Valley Green (Parcel B), and Bayshore Road.

Developers showed renewed interest, supported by healthy take-up rates in recent project launches, though acquisition strategies remained measured due to rising development costs and global economic uncertainty.

Private market transactions also picked up. Notably, Northpoint City South Wing was acquired for $1.13b, marking one of the largest commercial transactions of the quarter.

In the residential segment, the River Valley Apartment collective sale fetched $56m. The hospitality sector also saw major activity, with Oakwood Studio Singapore sold for $153m.

Looking ahead, ETC forecasts total investment sales in 2025 to fall within the $20b to $24b range, driven by a steady GLS pipeline and ongoing demand for prime sites.

However, high interest rates, construction costs, and cautious sentiment amongst developers are expected to weigh on acquisition momentum.

Despite these headwinds, analysts anticipate continued investor interest in well-located residential and mixed-use development opportunities throughout the year.

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