Residential prices, supply eased in Q1: URA

Vacancy rates remained stable across all regions.

Prices of landed properties rose marginally by 0.4% in Q1 2025, whilst prices of non-landed properties dropped to 1.0%, from the 3.0% rise in the previous quarter, the Urban Redevelopment Authority (URA) reported.

Prices of non-landed properties in the Core Central Region (CCR), Rest of Central Region (RCR), and Outside Central Region (OCR) fell to 0.8%, 1.7%, and 0.3% respectively in Q1, from 2.6%, 3.0%, and 3.3% in the previous quarter.

Excluding executive condominiums (ECs), developers launched 3,139 uncompleted private residential units and sold 3,375 private residential units. A total of 1,988 private residential units were also completed in the quarter.

Developers launched 760 EC units for sale and sold 830 units during the quarter.

Resale transactions dropped to 3,565 units from 3,702 units in the previous quarter, accounting for 49.1% of all sale transactions in Q1 2025.

Meanwhile, vacancy rates in the RCR eased by 0.7%, whilst those in the CCR rose marginally by 0.03% and those in the OCR remained unchanged at 4.7%.