The Future of Singapore’s Landed Property Market: Trends to Watch in 2025
As the property market in Singapore continues to evolve, several trends are emerging that could shape the landed property market in 2024 and beyond. Here are the key factors to keep an eye on.
1. Increased Demand in Suburban Areas
With more people working from home and the rise of remote working, many buyers are seeking larger homes away from the crowded city center. Areas in the East Coast and North-East regions are expected to see more demand for landed homes, as buyers are looking for quiet, spacious properties with easy access to parks, beaches, and schools.
2. Rising Prices Due to Limited Supply
Singapore’s land supply is limited, and the government has continued to release fewer plots for residential development. This constraint on supply, combined with strong demand, is likely to drive up the prices of landed properties. Expect property prices in areas with strong amenities, transport connections, and lifestyle options to continue appreciating.
3. Government Policies and Cooling Measures
The government continues to implement cooling measures to manage property price growth. While measures like higher stamp duties and loan-to-value ratios can slow down the market, they may have less impact on landed property markets, as the demand from high-net-worth buyers remains steady.
4. Smart Homes and Sustainability
Landed properties are increasingly adopting smart home technology and eco-friendly features. From energy-efficient appliances to solar panels, these technologies are becoming a significant selling point for buyers who are both environmentally conscious and looking for modern conveniences.