Market activity remains subdued as buyer caution persists

• The upper-luxury condominium market continued to face constraints in Q4 2025. Sales activity was predominantly driven by units in well-located projects that were nearing completion.
• Purchasers have remained highly cautious, preferring to wait for improved market conditions. Buyer confidence has also been affected by competition from landed homes, as tax incentives tend to favour the landed segment over condominiums.

No new project launches in Q4 2025

• Scarce demand halted new condominium launches in the quarter. In a subdued market, developers are postponing new high-rise projects to reduce risk.
• The completion of multiple projects are expected in early 2026, starting with Savyavasa Tower 1 and Adriya Towers 1 & 2. Following these, Savyavasa Towers 2 & 3 are scheduled for handover by the end of 2026.

Condominium prices remain flat

• Condominium prices held steady in the fourth quarter of 2025 as demand stayed subdued. To attract buyers, developers have kept prices unchanged and introduced appealing programmes.
• Rather than raising prices, developers are now concentrating on driving sales through other strategies such as discounts, gift packages and flexible payment plans.

Outlook: Limited launches; near-completion condos see rising prices

• Due to weakened demand, the number of new upper-luxury high-rise residential launches is expected to be negligible in 2026. At the same time, the number of available projects in the current market is diminishing as many developments near completion.
• Nearing-completion condominium projects may experience price increases, especially in prime locations. Their imminent readiness and strategic positioning could enhance their appeal to buyers.