- City Developments (SGX:C09) provided a business update for 3Q25. Given the absence of new launches during the quarter, City Developments and its joint venture (JV) associates sold just 88 residential property units in Singapore for a total sales value of S$313.2m. This represented y-o-y declines of 73% and 49% respectively.
Absence of new launches in 3Q25 led to dip in sales value.
- - Read this at SGinvestors.io -
- Oct saw an improvement after a subdued 3Q25, given the launch of Zyon Grand which achieved solid sales of 590 units during the launch weekend at an average selling price of S$3,050 per square foot (psf). This represented a sell-through rate of 84%.
Singapore’s housing market has been resilient amid the material decline in interest rates.
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- Singapore’s URA private residential property price index rose 2.7% for 9M25 as compared to end-2024 level, and remains on track to come in at the higher end of our 2-4% full year forecast.
- Meanwhile, transaction volumes have been robust, with developers selling 10,299 private residential property units for 10M25, representing y-o-y growth of 171%. This has already exceeded our full year volume forecast of 7,000-8,000 units, although there are unlikely to be any new launches for the rest of the year.
Active landbank replenishment supported by resilient industry metrics
- Read more at SGinvestors.io.
