April 2025 News Update

As we enter 2025, a year marked by trade tensions and potential economic recession, golfers are becoming increasingly cautious with their spending. For now, the golfing world continues to thrive, but the uncertainty in the world economy means it is hard to forecast trends for the membership market.

While price movement may be unpredictable, the top golf courses will still remain popular; Sentosa and Singapore Island Country Club memberships are seeing stable pricing, and demand continues to be high. Other clubs, like Tanah Merah Country Club, Laguna National, and Seletar are worth the time to investigate and can offer value for money for buyers.

The next wave of golf course lease expirations will arrive in 2030, with courses at Sentosa and SICC both included; history has shown us that we cannot assume leases will be automatically renewed, and so buyers must factor this into their purchasing decision. At the end of the day, the number of courses in Singapore will shrink over time, and so the remaining ones will become even more sought after; this can be expected to provide upward pressure on prices, but that doesn’t mean that overall economic factors cannot move prices down.

Of course, a golf club membership is not simply an investment; it is a place to enjoy the game of golf, while also offering a venue for dining, many other sports, and networking opportunities!