Residential real estate investors should anticipate an active housing market in 2025. Over 30 new projects and three executive condominiums (ECs) should bring 14,000 units onto the market compared to 24 projects totaling 7,300 units launched within one year, as reported by PropNex.

New launches will be evenly spread out among Singapore’s three primary submarkets: Core Central Region (CCR), Rest of Central Region (RCR), and Outside Central Region (OCR), offering buyers and investors options that meet their individual requirements.

“With an impressive portfolio of projects across regions, 2025 property market promises diverse options that suit different needs and preferences,” according to Ismail Gafoor, CEO of PropNex.

As market sentiment improves, more projects scheduled to launch within the CCR by 2025 should see an upsurge. This includes those previously held back due to property cooling policies introduced on April 20, 2023; measures including increasing additional buyers’ stamp duty payments by foreigners from 60% to 60% are all included as part of these initiatives.

1Q2025’s most significant launch was Aurea, a 188-unit, 45-story residential tower at Golden Mile Singapore’s Beach Road mixed-use development, developed jointly through Far East Organization and Perennial Holdings. Aurea will connect to the rehabilitated old Golden Mile Complex, which Far East Organization and Perennial Holdings purchased collectively in April 2022 at a price of $700 million, making this unprecedented collective sale of existing property history.

Chia Siew-Chuin, JLL’s Director of Residential Research, states that Aurea stands to benefit from ongoing revitalization efforts at Beach Road and Ophir-Rochor Corridor as well as Kallang Alive life and sports center nearby, which will increase its appeal among potential buyers.

W Residences Singapore Marina View by IOI Properties Group is another major project expected to open its doors by the first quarter of 2025. This luxurious development will include 683 residences as well as 350 rooms at W Singapore Hotel Marina View, located within its 51-story tower.

JLL’s Chia credits this luxury hotel project’s attractiveness as its key draw. She cites its Downtown Core location near Shenton Way MRT Station on Thomson East Coast Line (TEL) as well as nearby dining and shopping opportunities as key factors of its appeal.

Holland Road, Orchard Boulevard, and Orchard Boulevard

Highly anticipated will be a condo with 680 units located at Holland Drive being developed by CapitaLand, UOL Group, Singapore Land Group (SingLand), and Kheng Leong Co. Construction will begin soon on government land sales (GLS) property, which was bought at an approximate purchase price of $805.39 million or an average per-square-foot/plot proportion (ppr) price of approximately $1,285.

Chia of JLL highlights that this development’s location is ideal, being within close proximity of Holland Village MRT Station on the Circle Line and nearby One Holland Village by Far East Organization, Sino Group, and Sekisui House – noting how residents will appreciate being so close to restaurants, entertainment options and shopping within Holland Village/Chips Bee Garden that will further increase its attractiveness to potential buyers.

UOL Group and SingLand’s luxurious Orchard Boulevard condo development should generate considerable interest. Situated just near Orchard Boulevard MRT Station on TEL, Tanglin Mall, Botanic Gardens, Orchard Road, and Dempsey Hill can all be reached from this development easily. They secured this GLS property for $428.28 million per square foot when closing tender on February 20, 2024 – giving the developers plenty of upside potential!

Cuscaden Reserve’s cost per square foot is one-third lower than what was paid on the Cuscaden Road GLS site six years earlier; just across the street lies what has now become Cuscaden Reserve, home to 192 units and with its price reduced one month earlier in March 2024, has attained an 8/3 sell-through rate. Caveats filed show that sales averaged $3.071 this year as opposed to an average psf cost of $3,625 seen when initial units sold during its debut debut year 2019 before finally hitting its sell-through target of 8/3 sell-through rate was accomplished 147 sales this year as opposed to 12 units that first made their debut this year compared with $3,625 averaged during initial launch sales of 12 units sold initially during first launch year 2019.