Singapore’s new home sales in August 2025 reached unprecedented levels, marking the highest monthly record for the year. According to CBRE, developers launched 2,496 new units, a 49% increase from July, with 2,142 units sold—up 127.9% month-on-month. This surge is attributed to a flurry of new launches ahead of the Seventh Lunar Month, which began on 23 August.
The top-performing project was Springleaf Residence, which sold 884 units at a median price of $2,166 per square foot (psf), achieving a 94% sell-through rate. River Green followed, selling 451 units at $3,111 psf, making it the best-selling project in the Core Central Region (CCR) in a decade. Promenade Peak and Canberra Crescent Residences also saw strong sales, with 333 and 211 units sold, respectively.
Tricia Song, Head of Research for Singapore and Southeast Asia at CBRE, noted that the strong buying sentiment is supported by low interest rates and a positive economic outlook, with the Ministry of Trade and Industry upgrading the 2025 GDP growth forecast to 1.5-2.5%.
Looking forward, sales are expected to slow in September due to the Lunar Seventh Month. However, several anticipated launches, including Zyon Grand and Penrith, could sustain momentum. CBRE forecasts that new home sales for 2025 could reach 8,000-9,000 units, surpassing previous estimates. Private home prices, which rose 1.8% in the first half of 2025, are expected to continue their upward trend, with a full-year increase of 3-4% anticipated.
