In May 2026, Singapore’s property market saw a significant shift as developers launched 357 units, marking a 75% decrease from the previous month but a notable 17.9-fold increase compared to the same period last year. Hudson Place Residences, located in Media Circle, emerged as the sole major non-landed project, selling 209 units, which accounted for 63.9% of its total offerings. The development attracted buyers with its proximity to Kampong AI in one-north and its serene environment.
The median price for Hudson Place Residences was set at $2,465 per square foot (psf), positioning it competitively against Bloomsbury Residences at $2,575 psf. Overall, 447 new homes were sold in May, reflecting a 71.1% decrease from April 2026 but a 43.3% increase from April 2025. This marked the fourth consecutive month where sales outpaced launches, indicating robust demand.
Singaporean buyers dominated the market, comprising 89.6% of purchases, with 61.3% of sales priced under $2.5m. Foreign buyers accounted for 1.8% of transactions, including a notable $11m purchase at Park Nova.
Looking ahead, the June school holidays are expected to slow sales, with projections between 150 and 200 units. However, July 2026 may see new launches, including Dunearn House and Lentor Gardens Residences, as developers aim to avoid the lunar seventh month. Overall, developers anticipate launching up to 7,200 units in 2026, the lowest since 2023, with transaction volumes estimated between 8,000 and 10,000 units and price growth projected at 2% to 5%.
