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Across regions, the Outside Central Region (OCR) led price growth with a 2.2% increase, driven by upgrader demand and relative affordability. The Rest of Central Region (RCR) saw moderate gains of 0.8%, while the Core Central Region (CCR) rebounded 0.6% after a previous decline, supported by more accessible pricing and layouts attracting local buyers. Landed property prices, however, dipped 0.4%.
Developers launched fewer new units (1,844) compared to the previous quarter, but sales still exceeded launches, suggesting pricing remains supported by high land and construction costs. Executive Condominiums (ECs) stood out as a strong segment, with 1,168 units sold out of 1,320 launched, as buyers favoured larger, more affordable alternatives to private condos.
In the resale market, transactions declined 8.6% to 3,225 units but remained stable within historical ranges, reflecting steady demand from buyers seeking immediate occupancy. Sub-sales were limited, indicating low speculative activity.
The rental market showed tentative stabilisation, with rents rising 0.3% after a prior decline, though vacancy rates edged up to 6.2%. Completed housing stock increased modestly, while vacant units also rose slightly.
Overall, while prices remain firm, the market is showing signs of normalisation. Rising supply, softer sales volumes, and higher vacancies suggest a potential shift towards a more balanced, price-sensitive environment in the coming quarters.

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