The Urban Redevelopment Authority (URA) released data on Singapore’s August monthly home sales on Sept 15, which came in at 2,338 units, inclusive of 196 units of executive condos (ECs).
CGS International (CGSI) analyst Lock Mun Yee expects “robust” new home sales in 2025 with new launches scheduled for 4Q2025. However, she remains “neutral” on the property development and investment sector in Singapore.
“Despite lower mortgage rates amid a declining interest rate environment, we stay sector-neutral on expectations of a slower macroeconomic outlook, which could result in more cautious buying sentiment, particularly for big-ticket items, such as housing,” writes Lock in a Sept 15 note.
