The dynamics of Singapore's real estate market, especially the performance of the private residential sector, have always been closely watched. The latest data reveals a series of encouraging trends in the resale price index of Singapore's non-landed private homes in April, injecting a new vitality into the market.

Firstly, the resale price index for April saw a month-on-month growth of 1.5%, breaking the six-month flat trend and reaching a new high. This indicates a significant upward trend in private home prices across the market, sending a positive signal to the market.

Secondly, in terms of resale volume, private home resale volume in April also showed strong growth momentum. Compared to the previous month, resale volume increased by 23.2%, reaching the highest level since March 2023. This demonstrates a sustained increase in market activity, with both buyers and sellers showing stronger transaction intentions.

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Regarding the price performance of private homes in different categories, there were variations. The resale price index for the Rest of Central Region (RCR), representing mid-tier private homes, increased by 2% month-on-month. In contrast, the price increase for private homes in other regions was relatively lower. Additionally, the Core Central Region (CCR) saw a price increase of only 0.3%, while private home prices in the Outside Central Region (OCR) rose by 0.1%. However, compared to a year ago, private home prices outside the central region saw the largest increase, reaching 7.2%. This indicates that while market heat varies across different regions, the overall market remains positive.

In terms of resale volume, a total of 1,122 units changed hands in April, representing a 25.8% increase compared to the same period last year. Among these, mass-market private homes accounted for the highest proportion at 45.5%. Mid-tier and high-end private homes accounted for 31.8% and 22.8% of resale volume, respectively. This suggests that demand for different types of private homes is increasing, reflecting a diversified market demand.