Media Statement | Impact of Tariffs on Singapore Property market | 9 Apr 2025

9th April 2025

The recent US tariffs and retaliatory actions have caused much trepidation and uncertainties similar to during the GFC and Covid. As we plough through such unprecedented times, Singapore’s strong economic fundamentals and healthy reserves, market and social resilience is again called to the fore.

So far, the property market here, with a relatively balanced supply-demand dynamics, has remained stable and resilient. Many developers have well-diversified portfolios spanning across commercial, factories, data centres and hospitality. The authorities are also prudent in land sale supply and have taken active steps, such as ABSD and TDSR, to avoid over-investment and over-borrowing. Singapore remains a safe haven with international appeal with our stable governance and strong currency.

The Government has always provided timely support to help households and businesses navigate uncertainties. We are heartened that the Government is taking the threat of the tariffs seriously and forming a taskforce to address any potential fallout. With the situation still unfolding, the industry may need more understanding and assessment of the impact on the economy. As an industry, we will play our part in being a pillar of the Singapore economy and supporting it wherever we can.

With more than 90% of home-ownership in Singapore, we are confident the Government will continue to monitor the property market closely and respond swiftly to ensure it remains resilient amid global economic volatilities. REDAS believes that with continued support and partnership between the public and private sectors, the real estate industry will stay resilient and future-ready.

About REDAS
Established in 1959, the Real Estate Developers’ Association of Singapore (REDAS) is Singapore’s premier business association in the real estate and development industry, representing over 200 members comprising developers, landlords, builders, consultancies and professionals, financiers, REITs sponsors and investors. REDAS actively engages regulators, policy makers and stakeholders to promote best practices and to support the growth of a vibrant, inclusive and progressive real estate industry in Singapore. For more information, visit www.redas.com.

Media Contact
Hazel Tan
Communications Manager, REDAS
Tel (65) 9069 9989
Email hazel@redas.com