Developer sales plummeted by 52.9% month-on-month in May 2025, with only 312 private residential units sold, primarily due to a lack of significant project launches. This sharp decline was notable against the backdrop of a much more robust year-on-year performance, which saw a remarkable increase of 39.9% when compared to May 2024.
The disparity between the month-on-month and year-on-year figures illustrates the volatility that can exist in the real estate market, often driven by external factors such as project availability and buyer sentiment.
In examining the distribution of sales across different regions, the Rest of Central Region (RCR) emerged as the dominant player, accounting for a substantial 61.2% of total sales for the month. This trend reflects ongoing buyer preferences for central locations that offer a balance of accessibility and amenities.
Meanwhile, suburban areas, classified as the Outside Central Region (OCR), contributed 34% to the overall sales figures, demonstrating a consistent interest in more affordable housing options. On the other hand, the Core Central Region (CCR) saw significantly lower activity, contributing merely 4.8% to the total sales.
Among the various projects that did manage to attract buyers in May, One Marina Gardens stood out as the top-selling development. This project reported sales of 62 units at a median price of $2,975 per square foot, highlighting the continued demand for one- and two-bedroom units, which comprised 88.9% of the total sales at this development.
This preference for smaller units aligns with the current market trend where buyers are gravitating towards more affordable housing options, especially in light of economic uncertainties.
The current cautious sentiment in the market can be largely attributed to ongoing trade tensions that have been influencing buyer behavior. As a result, 39.3% of new home sales were transacted below the $2 million mark, indicating that buyers are increasingly seeking more budget-friendly residential options.
This trend reflects a broader shift towards practicality and financial prudence amidst a backdrop of economic unpredictability.
NEW CONDO LAUNCH: RIVER GREEN
River Green is an exciting new condominium project set to launch in the second half of 2025, offering a range of attractive features and amenities.
With a focus on affordability, the River Green project information indicates that a significant percentage of new home sales are below $2 million, appealing to a broad audience.
Potential buyers can explore the River Green floor plan and pricing options in the River Green E-brochure available on the official website.
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Register or contact 6100 8822 to book your appointment today.
News Source: Edgeprop
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