Singapore New Home Prices Levelled Off in Q2 and More Asia Real Estate Headlines

Price growth continues to slow in Singapore’s private housing market, with that story leading today’s headline roundup. Also making the list, China’s new home prices edge higher and Hong Kong’s New World Development faces more challenges after its loan refinancing.

Singapore New Home Prices Rose 0.5% in Q2 Says URA

The price growth of private homes in Singapore eased in the second quarter of 2025, up 0.5 percent on the previous three months, flash estimates released by the Urban Redevelopment Authority showed Tuesday.

The reading follows a 0.8 percent increase in the first quarter and a 2.3 percent rise in the fourth quarter of last year. For the first half of 2025, private home prices grew 1.3 percent, slowing from the 2.3 percent increase recorded in the same period last year. Read more>>

China New Home Prices Edged Upward in June, Second-Hand Market Fell

China’s resale home prices fell at a faster pace in June, highlighting the persistent weakness in the crisis-hit property market despite a slew of policy support measures, a private survey showed.

Resale home prices dropped 0.75 percent in June, compared with a 0.71 percent decline in May, and slumped 7.26 percent year-on-year after a 7.24 percent fall in the previous month, according to a survey by China Index Academy, one of China’s largest property research firms. Read more>>

Hong Kong Market Struggles Not Over With New World Deal

Beleaguered Hong Kong builder New World secured a HK$88.2 billion ($11.2 billion) loan on 30 June, in an eleventh-hour deal that will have bankers across the city breathing a collective sigh of relief.

Once among the most deep-pocketed property giants in the city, New World has faced mounting financial pressure over the past couple of years. The developer reported its first loss in two decades in fiscal 2024. At the end of last year its net debt reached 96 percent of shareholder equity, according to Bloomberg Intelligence, making it one of the most leveraged developers in Hong Kong. As of early June, the company’s shares had slumped more than 90 percent from their peak in 2019. Read more>>

China Land Sales Slide in 1H as Pricing Premiums Rise

The residential land area sold in 300 major cities in China fell 8 percent in the first six months of the year, while the average premium paid in land auctions surged due to growing competition for high-quality plots.

The area of residential land traded in the 300 Chinese cities this year reached 250 million square metres (2.7 billion square feet) as of 20 June, according to the latest data from China Real Estate Information. Improved land quality lifted the average premium rate to 9.2 percent from 4.4 percent a year earlier, with a notable divergence in activity between big and smaller markets. Read more>>

Korean Politician Pushes for Expansion of Home Supply

Jin Sung-joon, the chair of the Democratic Party of Korea’s Policy Committee, has emphasised the need to expand supply for stabilising the real estate market, saying public redevelopment projects must be expedited and tax measures should be considered a last resort.

“During the Moon Jae-in administration, we started construction on 35,000 apartments a year, but under the Yoon Suk-yeol administration, the supply has been reduced to about 20,000 a year,” Jin said in a radio interview, adding that a supply shortage may emerge starting from 2025 to 2026. Read more>>

Chinese Cash Fuels Hong Kong Stock Rebound

Chinese investors are piling into Hong Kong shares, lured by lower valuations and the city’s strategic position in China’s growing rivalry with the US.

A record $90 billion in cash from the mainland has driven a 21 percent rally in Hong Kong stocks in the first half of 2025, reshaping the landscape of a market that foreign investors have avoided for several years. “The Hong Kong stock market is being repriced by mainland money,” said Chen Dong, fund manager at Hangzhou Ultraviolet Private Fund. Chinese money “is gushing in from various directions in a gold rush.” Read more>>

Causeway Bay Office Projects Could Present Fresh Competition for Tenants

High-end office assets in Hong Kong’s Causeway Bay neighbourhood are expected to draw greater interest from large multinational companies seeking to expand in the city, in a boost to the sluggish property market.

Following Jane Street’s record-setting HK$30.6 million ($3.9 million) a month lease for a 223,437 square foot (20,758 square metre) space in Henderson Land’s New Central Harbourfront project in Central, one veteran dealmaker said Causeway Bay would likely see Hong Kong’s next major office leasing deal. Read more>>

Singapore Property Agents Fined in Money Laundering Case

The Council for Estate Agents has fined two property agents for their failure to conduct customer due diligence measures on their clients who were connected to the S$3 billion ($2.4 billion) money laundering case.

On Tuesday, CEA said: “Both agents had failed to properly conduct CDD measures, which are important and necessary in the fight against money laundering in the real estate agency industry.” Read more>>

Tune in again soon for more real estate news and be sure to follow @Mingtiandi on X, or bookmark Mingtiandi’s LinkedIn page for headlines as they happen.