Singapore’s real estate landscape continues to evolve, with the condominium sector showing resilience despite government cooling measures. Recent data from the Urban Redevelopment Authority (URA) indicates that condo prices have stabilized in key districts like Orchard and Sentosa, but transaction volumes remain robust. This trend reflects a growing appetite for high-quality living spaces among both local and international buyers.
Experts attribute this to the city’s strategic location and infrastructure developments, such as the upcoming Cross Island Line MRT extension. New launches, like those in the Marina Bay area, are drawing attention for their eco-friendly features and proximity to business hubs. However, buyers are navigating tighter loan-to-value ratios and higher stamp duties, which have been implemented to curb speculative buying.
Looking ahead, analysts predict that the market will favor sustainable and well-connected properties. Investors are advised to focus on areas with strong rental yields, such as the Central Business District, where demand from expatriates supports long-term value. As Singapore balances growth with affordability, the condo market remains a key indicator of the nation’s economic health.