Singapore Property Market Outlook: What Buyers Need to Know
- Megan Soo
- Sep 9
- 2 min read
The Singapore property market is seeing a pickup in sentiment, with both prime and suburban residential sectors showing improved confidence. Here’s what the latest data tells us about where the market is heading, and what buyers should keep an eye on.
Current Sentiments
Overall optimism is rising: The NUS Real Estate Sentiment Index jumped to 5.7 in Q2 (up from 4.3 in Q1), reflecting a stronger outlook despite global uncertainties.
Residential leads the recovery: Sentiment for the prime housing market rebounded to +35% net balance in Q2, after being negative in Q1. Suburban residential sentiment also rose to +27%, showing broad confidence across segments.
Sales momentum strong: In July alone, developers sold 940 new private homes (excl. ECs), up 63% year-on-year.
Market Outlook
Short-term resilience: Residential property remains a “safe haven” asset, attractive even during global uncertainty, thanks to Singapore’s stability.
Cautious optimism: While developers expect demand to hold, they remain cautious about land-banking due to high costs and potential mismatches between sellers and buyers.
Future expectations steady: The Future Sentiment Index also climbed to 5.7, suggesting confidence for the next six months.
What Buyers Should Look Out For
Global slowdown – 80% of respondents flagged this as a top risk, meaning global economic tensions could still impact demand.
Rising construction costs & inflation – Land, labour, and financing costs are on the rise, which could put upward pressure on prices.
Cooling measures risk – Nearly half of respondents highlighted the possibility of further property cooling measures if prices heat up too quickly.
Supply-demand balance – Excessive launches or mismatches between what buyers want vs. what developers offer may create pricing volatility.
Key Takeaway for Buyers
Confidence in the property market is back, with prime and suburban sectors both looking strong. For buyers, this means opportunities still exist—especially with robust sales momentum and developers pricing competitively. However, it’s important to keep an eye on external risks like global headwinds, construction costs, and possible government measures that could shift the market dynamics.
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