Dreams and Keys

16/04/2025

Developers launched 555 units in March 2025, representing a 67.2% decline from February and 33.3% lower than March 2024. Aurea and Lentor Central Residences were the key launches for the month, accounting for two thirds of total sales.

A total of 729 new private homes were sold, marking a 54.4% drop from the previous month due to the absence of a mega launch. The OCR made up more than 80% of the sales in Mar 2025. The RCR proportion was 11.9% while the CCR accounted for 6.3%.

The first EC launch of the year, Aurelle of Tampines (EC), saw strong demand from first-time buyers and HDB upgraders, with 705 units sold or 92.8% of the project at a median price of $1,769 psf.

In April, Bloomsbury Residences and One Marina Gardens launched with a combined 446 units sold during their opening weekend, a positive outcome despite market volatility.

From May to the end of 2025, another 17 projects including one EC with a total of approximately 7,470 units are scheduled to launch. Prices in the property market are estimated to grow between 4% and 7% in 2025.

01/04/2025

Attributed to increase in housing supply in both public and private markets.

Flash estimates show HDB’s Resale Price Index (RPI) grew by 1.5% in Q1 2025, down from 2.6% in Q4 2024.

Flash estimates for Private residential Price Index (PPI) also show smaller increase of 0.6% in Q1 2025 compared to 2.3% in Q4 2024.

Minister Desmond Lee attributed the slower price growth to an increase in housing supply in both the public and private markets. Read more at straitstimes.com.

19/03/2025

Extracted from Huttons comments on GLS site at Bayshore Road:

Highest level of interest from developers since Jan 2022. Developers may have held back from other GLS sites to participate in this tender. Strong sales for past few months have also increased the need to replenish their land banks.

Sites along East Coast usually command a premium due to rarity of sea facing plots. The gap between the top 2 bidders is close, reflecting developers’ keen interest to stake an early advantage in the new Bayshore estate.

$1,388 psf ppr is close to the last bidded price for a land parcel in CCR. This shows blurring distinction between market segments, and reflects more on the individual site characteristics and developers’ keenness to pay more for superior attributes.

[SINGAPORE] A tie-up between SingHaiyi Group and Haiyi Holdings has placed the top bid of S$658.9 million or about S$1,388 per square foot per plot ratio (psf ppr) for a 99-year leasehold private housing plot next to Bayshore MRT station. Read more at T...

17/03/2025

Developers launched 1,694 units for sale in February 2025, an 89.1% increase from January and 37.6 times more than February 2024. ELTA and Parktown Residence drew strong interest, attracting over 3,000 buyers.

A total of 1,575 new homes were sold, reflecting a 45.4% rise from the previous month. Parktown Residence sold 1,041 units, becoming the first mega project to surpass 1,000 units in its launch weekend since High Park Residence in July 2015, while ELTA recorded over 326 units sold.

Three new launches in March 2025 — Aurea, Aurelle of Tampines (EC), and Lentor Central Residences — have collectively contributed an estimated 1,150 units sold. New home sales excluding ECs are expected to surpass 3,200 units in the first quarter of 2025.

In April, five projects — 21 Anderson, Arina East Residences, Bloomsbury Residences, One Marina Gardens, and W Residences Singapore Marina View — are expected to book sales.

For the full year, developers are estimated to sell between 7,500 and 8,500 units, with prices anticipated to rise between 4% and 7%.

10/03/2025

Strong demand in the primary market at launch continues further into the year. Fueled by increase in wealth, especially for the new generation and reduction in interest rates.

Tampines EC Aurelle sells 90 per cent of units; Aurea at Golden Mile moves only 12 per cent of project. Read more at straitstimes.com.

05/03/2025

Exciting government initiatives to evolve the MRT infrastructure for enhanced connectivity in Singapore’s West, North-West and North and to The Greater Southern Waterfront. This, in addition to the West Coast extension, is an early indication of the imminent redevelopment and transformation in these regions.

Singapore is studying 2 new MRT lines. They're tentatively called the Tengah Line and the Seletar Line.

🚇 The Jurong Region Line will also be extended southwards to join the Circle Line and the Cross Island Line. https://str.sg/wmZD4

03/03/2025

Ninth EC project to be launched in Tampines since Simei Green in 1997. Fifth EC project in Singapore for Sim Lian Group since their maiden EC project The Dew in 2001, followed by The Tampines Trilliant in 2012, and Wandervale and Treasure Crest in 2016. In addition to Aurelle of Tampines and The Tampines Trilliant, Sim Lian has a third EC project in the pipeline in Tampines.

Tampines has the most EC projects among the mature HDB estates - after Aurelle of Tampines, the next EC is in Tampines West and also by Sim Lian Group

03/03/2025

Industry experts have attributed rising prices of resale ECs to several key factors. Rising land costs for developers driving new EC prices, make resale EC prices appear more affordable. Location, example, proximity to MRT station, reputable schools is also key. Limited supply, only 72 completed EC projects, and strong demand have further fuelled price increases.

Data from a real estate firm shows the number more than doubled to 38 from 15 the year before. Read more at straitstimes.com.

02/03/2025

Truly outstanding result, as no prior mega project had sold more than 1,000 units on launch weekend. This launch demonstrated the popularity of fully integrated developments and buyers’ trust in the Tampines Master Plan for 2025 to 2030.

The average price achieved for the sold units at Parktown Residence was $2,360 psf. Read more at straitstimes.com.

01/03/2025

Draft Master Plan 2025 Youth Dialogue - what did our youths have to say about making Singapore a better place to live, work and play?