Despite global headwinds, Singapore’s property market has demonstrated remarkable resilience in 2025.
In February and March, new project launches recorded robust sales at record prices, reflecting strong underlying demand (see Figure 1). However, market sentiment wavered briefly following U.S. President Trump’s announcement of reciprocal tariffs.
Figure 1: Total Number of Views Index on Listings of Properties for Sale (Base= 2024 Jan)
Source: PropertyGuru Group
The good news is that the market had bounced back in May and June 2025, proving its strength even amid ongoing geopolitical risks, including tariff threats and conflict in the Middle East.
Adding further support to the market, interest rates have been trending downward. The 3-month compounded Singapore Overnight Rate Average (SORA) began the year at nearly 3%, but has steadily declined, falling below 2% as of July 4, 2025 (see Figure 2).
Figure 2: Singapore Overnight Average Rate
Source: MAS
What This Means for Agents
Lower interest rates create a window of opportunity for both buyers and existing homeowners considering refinancing. Encourage your clients to explore their options now to secure more attractive mortgage rates while they last.
Key actions for agents:
- Highlight potential savings for clients considering refinancing.
- Educate buyers about how lower rates improve affordability and loan eligibility.
- Advise clients not to delay decisions unnecessarily — rates could climb again if inflationary pressures re-emerge due to geopolitical instability.
The market’s resilience and the current rate environment are working in your favour. Equip your clients with insights and help them make confident, timely decisions.
