Resilient or at Risk? Singapore Real Estate Amid Global Headwinds

Authored by Raymond Tiah

Can Singapore’s Property Market Withstand Global Turbulence?

From rising US tariffs to ongoing trade tensions, the global economy faces mounting pressure. But what about Singapore’s real estate market?
History suggests resilience—and even opportunity.

Let’s dive into what the trends are showing today.

We’ve Seen This Before — And Prices Climbed Anyway

When the US first introduced tariffs in Q1 2018, many feared the worst.
Yet, Singapore’s private home prices surged 46.2% from 2018 to 2025.

In fact, savvy investors seized opportunities:

• A buyer at Jadescape flipped a penthouse for $4.35M profit within just five years.
  

History shows that external shocks do not automatically derail Singapore’s real estate growth.

Will Tariffs Shake Buyer Confidence?

Some short-term hesitation is expected—especially among cautious buyers.

However, the market’s underlying strength remains:

• Since Q1 2020, private home prices have risen 39%, showing remarkable resilience.

• Core demand drivers—limited land, strong governance, and safe-haven appeal—remain intact.
  

The data suggests stability, not collapse.

Developers Are Still Launching Aggressively

Despite global uncertainty, developers are not delaying launches.

Key reasons:

• Five-year ABSD deadline pressures developers to sell quickly to avoid heavy penalties.
  

• Launches like Bloomsbury Residences and One Marina Gardens remain on track
  

• According to Huttons' Lee Sze Teck:
  
  "Developers want to launch quickly once approvals are in."

Expect more project launches rather than a market freeze.

Interest Rates Could Work in Buyers’ Favour

Economists forecast that SORA will drop by ~50bps in 2025.

What that means for buyers:

• Lower mortgage rates = Lower monthly payments

• Improved affordability could bring more buyers back—especially upgraders and investors.

Still, some investors may prefer to wait for more economic clarity before acting.

Final Insights: Stay Ahead of the Curve

The combination of falling interest rates and steady developer activity suggests that Singapore’s real estate market is poised for continued strength.

 ✅ Resilient price trends
✅ Supply still moving forward
✅ Improved affordability on the horizon

📩 Thinking of entering the market or planning your next move?
Let’s chat and strategise for success.

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