Singapore Real Estate Market: Why Now is a Time to Stay Confident
- Megan Soo
- Apr 11
- 3 min read
In the wake of President Trump's recent "Liberation Day" tariff announcements that have sent shockwaves through global markets, investors worldwide are scrambling to find safe havens for their capital. While fears of trade wars and recession loom large, Singapore's real estate market presents a compelling case for resilience amid the uncertainty.
In recent years, the real estate landscape in Singapore has been anything but quiet. Between global economic shifts and local market corrections, many property buyers and investors have been left wondering: Is Singapore real estate still a good bet?
The answer, with encouraging signs on the horizon, is a confident yes.
A Look Back: From Decline to Recovery
2023 was a challenging year. Real estate investment volumes in Singapore dipped by 30.3% year-on-year, with private transactions seeing a sharper fall of 45%. Many buyers held back, uncertainty loomed, and the market slowed.
But fast forward to 2024, and we’ve witnessed a remarkable rebound. Investment volumes surged 28%, reaching S$28.62 billion—a strong signal of regained momentum. Even more encouraging, private transactions rose by an impressive 35.9% year-on-year.
In short: confidence is returning, and activity is picking up.
What’s Performing and What’s Changing
Despite global headwinds like high interest rates, some sectors in Singapore remained strong:
Industrial & logistics properties performed well, thanks to resilient supply chains and e-commerce growth.
The living sector saw rents increase by over 50% since the pandemic.
Demand for premium office space also climbed, driven by return-to-office trends.
Interestingly, build-to-rent and income-generating residential properties are now seen as even more attractive than offices—reflecting a shift in investor preferences toward long-term, stable assets.
Singapore’s Global Appeal Stays Strong
Singapore continues to punch above its weight on the international stage. It’s now the third most attractive city for cross-border real estate investment in the Asia-Pacific, just behind Tokyo and Sydney.
Part of this continued appeal lies in the government’s forward-thinking policies. Initiatives like the CBD Incentive Scheme (CBDI) and Strategic Development Incentive (SDI) are unlocking potential in the central business district, with several mixed-use and redevelopment projects already in motion.
Looking Ahead: Reasons for Optimism
There’s a lot to be hopeful about in the years to come:
Incentives Extended: Redevelopment support schemes have been extended to 2030, giving developers and investors confidence to pursue larger projects.
CBDI Expansion: The scheme now includes Cecil and Anson Road, opening up more opportunities for mixed-use and serviced apartment developments.
Interest Rates Outlook: Should a global slowdown trigger rate cuts, borrowing will become more attractive for both homeowners and investors.
Government Support: Singapore has proven time and again that it’s willing to provide fiscal support when needed, ensuring market resilience.
Challenges to Navigate
That said, it’s not without its challenges. Geopolitical tensions, global recession risks, and construction cost uncertainties may create short-term fluctuations. Sustainability requirements could also increase development costs—but these are part of Singapore’s broader Green Plan 2030, which aims to create long-term value and environmental resilience.
Conclusion: A Resilient Market, A Strong Future
Singapore’s real estate market has weathered global uncertainties and is now showing strong signs of recovery and transformation. While short-term volatility may still surface, the fundamentals remain sound.
If you’re a homeowner, buyer, or investor wondering if now is the right time to make a move—consider this your reminder: confidence is building, and the opportunities are real.
Have questions about where to start or where to invest? I’m here to guide you.
Comments