Buyer sentiment remains cautious amid limited activity

• Condominium sales activity, particularly in the upper-luxury segment, remained constrained in Q3 2025 due to limited supply. Most sales continued to be driven by nearly completed projects.
• Buyers remained extremely cautious, opting to wait for improved market conditions. Competition from landed housing weighed on sentiment, as government tax incentives applied to both property types favour landed options.

No new project launches in Q3 2025

• No new condominium projects were launched in the quarter since demand was still limited. During slow periods, developers tend to minimise their risk by holding off on plans to build new high-rise projects.
• Several projects are scheduled for completion, with Savyavasa Tower 1 currently in the finishing stage and expected to complete within this year, while Towers 2 and 3 are planned to initiate the handover process by next year.

Condominium prices remain flat

• Condominium prices remained flat in Q3 2025. With relatively low demand in the market, developers have been maintaining prices and offering attractive programmes to entice buyers.
• Instead of raising prices, developer’s focus has shifted towards boosting sales through alternative means. These include offering discounts, introducing flexible payment terms and providing semi-furnished units.

Outlook: No upper-grade condominiums in the pipeline for the rest of 2025

• Limited upper-grade high-rise residential launches are expected in the remaining half of 2025 due to weakened demand.
• Condominium projects in prime locations nearing completion may experience price increases. Their strategic positioning and imminent readiness could enhance their appeal to some buyers.