Landed home prices breach $2,000 PSF in Q1 2025
It was driven by strong income growth, wealth build-up and decline in interest rates..
Prices of landed homes breached $2,000 per square foot for the first time, representing a 3.3% increase quarter-on-quarter (QoQ), according to Huttons. This is the fastest growth since Q3 2022.
It was driven by strong income growth, wealth build-up, and decline in interest rates.
Whilst transaction volume decreased 5.3% QoQ to 412 units, it remains the highest first-quarter sales figure since 2021.
Looking ahead, Huttons said the market will be influenced by global tariffs. Demand-wise, locals may delay entering the landed homes market, waiting for more clarity and stability.
The ultra high net-worth individuals may also be reassessing their options due to the disruption.
Huttons also added that Singapore’s stability could make it an attractive safe haven, with some even considering citizenship.