Singapore Private Residential Real Estate Update 4Q2024 with Overview of 2024, 2023 & 2022

As we wrap up 2024, the private residential market in Singapore reflects a blend of stability and challenges. In Q4, prices rose by 2.3%, but the annual growth moderated to 3.9%, down from 6.8% in 2023 and 8.6% in 2022. Rental prices have not changed this quarter, resulting in a 1.9% decline for the year—the first since 2020.

With a robust supply pipeline and government initiatives to ensure market stability, it’s important for buyers and investors to stay informed and adapt to ongoing economic shifts.

As we look ahead to 2025, strategic property purchasing is essential, especially amid elevated mortgage rates.

Stay tuned for insightful updates and strategic advice that can navigate your real estate investments effectively. Connect with us today!