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Market ‘taking a breather’ in Dec but Huttons forecasts 11,000 units of developer sales in 2025, highest since 2021

Jovi Ho
Jovi Ho • 5 min read
Market ‘taking a breather’ in Dec but Huttons forecasts 11,000 units of developer sales in 2025, highest since 2021
The Sen by developer Sustained Land was the sole launch in November. It was also the first project in the Upper Bukit Timah area in five years. Photo: Sustained Land
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As the market winds down for the year, the number of project launches dwindled to just one in November compared to four in October.

Developers launched 347 units for sale in November, 84.5% lower m-o-m and 87.9% lower y-o-y. In November 2024, developers pushed out five major projects.

The sole launch in November was The Sen, also the first project in the Upper Bukit Timah area in five years. Developed by Sustained Land, the 347-unit project sold 77 units at a median price of $2,339 psf.

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