HomeReal EstateSingapore Housing Prices Set to Increase in 2025
will singapore housing prices increase in 2025

Singapore Housing Prices Set to Increase in 2025

Home prices set to increase in Hong Kong, Singapore, Australia and Japan in 2025

Property prices in Asia’s major markets are expected to rise over the next year with Hong Kong leading the projected gains, according to Bloomberg Intelligence (BI). 

Beyond Hong Kong, homes in Singapore, Australia and Japan will all become more expensive in 2025, a report from BI found. For Hong Kong, the numbers reverse a years-long decline in home prices. Values are likely to rise as much as 10 per cent, according to analysts including Ken Foong.

Australia’s residential prices will gain between 7% and 8% while Singapore and Japan are expected to record modest growth of 3% and 2%, respectively. 

Interest rate cuts and supportive economic policies are lifting Hong Kong’s property prices, which slumped almost 30 per cent since peaking in 2019. The city state’s government recently relaxed its mortgage rules to allow lower down payments, a move that should encourage more buyers to enter the market. 

Australia’s uptick is driven by Perth and Brisbane. Gains of 15 per cent and 10 per cent are anticipated after already rapid rises this year. Property in Sydney will see only a 5 per cent increase, because the average households remain priced out, BI said. 

Meanwhile potential inflationary pressure in Japan could underpin a further climb in home prices in major cities including Tokyo and Osaka. 

Singapore Home Prices in 2025

After a drop in the third quarter this year, housing prices in Singapore should rise as interest rates fall. 

Housing demand will continue to be supported by inflation-hedging power, healthy household balance sheets, cheaper interest rates, and the demand from public home owners upgrading to private apartments.

However selective buyers, macroeconomic uncertainty, more property launches and unsold inventory may limit further growth, BI’s analysts wrote. 

(Source: The Business Times)

Share:

error: