Speech | Welcome Address at 2025 Real Estate Market Outlook by Mr Tan Swee Yiow | 24 Jul 2025
REDAS REAL ESTATE MARKET OUTLOOK SEMINAR 2025
24 JULY 2025, THURSDAY, 9:30AM
PAN PACIFIC ORCHARD HOTEL
WELCOME SPEECH BY
MR TAN SWEE YIOW, PRESIDENT OF REDAS
Ms Indranee Rajah, Minister, Prime Minister’s Office, Second Minister for Finance and National Development,
Distinguished Guests,
Ladies and Gentlemen.
Good morning and a warm welcome to the REDAS Real Estate Market Outlook Seminar.
A special thank you to Minister Indranee Rajah for joining us today, and for your continued support to the real estate community.
I’m also heartened to see many familiar and new faces. Your presence here reflects the strength, unity and growth mindset of our industry.
About REMO
The Real Estate Market Outlook began in 1999, with a simple but important purpose: to bring together developers, investors, and thought leaders for frank, forward-looking conversations.
Now in its 26th edition, it remains a trusted space for industry insights and dialogue – especially valuable in times like these, where clarity and collaboration are more important than ever.
The 2025 Market Climate
Singapore’s economy grew by 4.3% in the second quarter, extending the 4.1% growth in the first, but things are expected to slow in the months ahead.
The full-year GDP growth forecast remains cautious, at between 0 and 2 percent, reflecting global uncertainties.
Around the world, we’re seeing rising trade tensions and economic volatility.
In response, MAS eased monetary policy in April, which has helped improve financing conditions.
There’s also some breathing room on the inflation front.
Inflation is expected to stay low, between 0.5% and 1.5% for the year.
While the cost environment has shown some signs of stability, ongoing global uncertainties and structural pressures still pose challenges to the industry.
Later this morning, DBS Chief Economist Taimur, will be sharing more on the broader economic outlook. I’m sure his insights will help us better understand the risks and opportunities ahead.
SG60: Reflecting and Looking Ahead
This year marks 60 years of real estate progress in Singapore, a journey built on resilience, long-term thinking, and strong partnerships.
We also saw the unveiling of the Draft Master Plan last month. This is a timely reminder of how far we have come, and how we can continue progressing together to create a sustainable, liveable and vibrant city.
Looking ahead, resilience will remain key.
The world ahead is more uncertain, but if we stay adaptable and work together, we can continue to shape a built environment that’s future-ready and built to last.
That’s why today’s conversations are so timely.
Whether it’s understanding macro trends, navigating capital markets, or discussing business sustainability, platforms like the Real Estate Market Outlook help us sense the shifts and sharpen our response.
Let’s use this opportunity to reflect, exchange ideas, and chart the way forward together.
Appreciation and Call to Action
In closing, I would like to thank our Guest of Honour, speakers, panelists, and sponsors for making today possible.
A special thanks as well to our organising committee led by Isaac, Moses and Leong Chye, for your hard work behind the scenes.
To everyone here, I encourage you to take part in the discussions, learn from one another and share your ideas.
Let’s make it a meaningful and productive day.
Thank you.
