Developer sales of new private homes in Singapore experienced a significant decline in May 2026, with only 447 units sold, marking a 71.1% drop from April’s 1,548 units. This decrease follows a high in April and is attributed to fewer launches, with only 357 new units introduced compared to 1,426 in April. However, sales were up 43.3% year-on-year from May 2025, when 312 units were sold, according to CBRE Research.
The year-to-date sales reached 4,008 units by May, 8.1% lower than the same period in 2025. Despite ongoing economic uncertainties and the Middle East conflict, homebuying interest remains resilient, supported by low mortgage rates and a promising pipeline of new projects.
Hudson Place Residences, located at Media Circle, was the sole new launch in May and the top-selling project, with 209 units sold at a median price of $2,465 per square foot (psf). Coastal Cabana, an executive condominium (EC) at Jalan Loyang Besar, followed with 29 units sold at a median price of $1,827 psf. The Continuum, a freehold project, sold 19 units at $2,752 psf.
Sales in the Rest of Central Region (RCR) dominated May’s figures, accounting for 75% of total sales, driven by Hudson Place Residences. The Outside Central Region (OCR) and Core Central Region (CCR) contributed 20% and 5%, respectively.
Looking forward, sales are expected to slow in June due to the school holidays, but activity is anticipated to rebound in July with high-profile launches like Lucerne Grand and Dunearn House. CBRE forecasts 7,500 to 8,500 new homes will be sold in 2026, with stable price growth of 2% to 4%.
