- Keeping the momentum strong after a robust 2024, the first quarter of 2025 has seen more than 3,000 units sold across new launches. Highly anticipated projects with desirable attributes such as MRT connectivity, amenities, and proximity to primary schools – The Orie and ParkTown Residence – along with more affordable Outside Central Region (OCR) projects targeting upgraders and aspiring homeowners – Lentor Central Residences and Aurelle of Tampines (EC) – were well received, and sold ~90% of units on average at launch.
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Property agencies continue to be the biggest beneficiaries.
- Property agencies, PropNex (SGX:OYY) and APAC Realty (SGX:CLN) maintained their market leadership, accounting for ~47% and ~28% of transactions across new launches in 1Q25, respectively. This strong momentum implies that both agencies are likely building up a strong rebound in margins and profits in 2025, aligning with our projections.
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Developers could potentially see lower funding needs, underpinned by strong sell-through rates at launch.
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