As Singapore’s private home market navigated fluctuations in the second quarter of 2025, the Core Central Region (CCR) emerged as a standout performer, with non-landed home prices increasing by 3% quarter-on-quarter. This rise positioned the CCR as a driving force behind the overall market performance, which saw a modest 1% increase in private home prices across Singapore. The robust activity in the CCR illustrated a clear divergence from other regions grappling with market uncertainties.
The surge in non-landed home prices can be attributed to several key factors, including the successful launch of 21 Anderson. This new development attracted considerable interest, leading to the sale of five units at a striking median price of $4,811 per square foot. This strong sales performance not only underscored the desirability of the CCR but also highlighted the willingness of buyers to invest at premium price points within this coveted area.
While foreign buyer activity remained muted in the CCR during this quarter, local buyers stepped in to fill the gap, significantly bolstering demand. According to JLL’s Chia, the local market sentiment has shown resilience, with buyers demonstrating confidence in the CCR’s long-term value. This shift in focus towards local demand has helped stabilize prices and maintain momentum in the region, even as broader market conditions fluctuated.
Another noteworthy trend in the CCR during this quarter was the remarkable surge in sales of Good Class Bungalows (GCB). With 11 transactions totaling over $300 million, the GCB segment experienced a stark revival compared to just two transactions in the previous quarter. This resurgence indicates a renewed interest among affluent buyers looking for prestigious properties in prime locations. The contrast in GCB sales reflects the unique appeal of the CCR, further distinguishing it from other segments of the private home market.
The CCR’s strong performance can also be seen as a reflection of its intrinsic value, characterized by its proximity to key amenities, top-tier educational institutions, and vibrant cultural spots. These factors continue to attract both local and foreign buyers, despite the overall cooling sentiment in other segments of the market.
The allure of the CCR remains intact as a desirable residential destination, which can be attributed to its reputation for offering luxury living experiences.
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News Source: Edgeprop
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