Developers’ sales of new private homes in June 2026 plummeted to their lowest level in over two years, with only 156 units sold, according to the Urban Redevelopment Authority. This represents a 65.1% drop from May’s 447 units and a 42.6% decrease compared to June 2025. The decline is attributed to the absence of new launches and the typical slowdown during the school holiday period.
The Rest of Central Region (RCR) led sales with 84 units, despite a 74.9% month-on-month decline. Hudson Place Residences was the top seller, moving 12 units at a median price of $2,577 per square foot. In the Outside Central Region (OCR), 57 units were sold, with Chuan Park leading at 11 units. The Core Central Region (CCR) saw 15 units sold, with Newport Residences selling four units at $3,056 per square foot.
Executive Condominium (EC) sales also fell, with 28 units sold in June. Coastal Cabana EC was the top performer, selling 21 units. Despite the downturn, upcoming launches like Lentor Gardens Residences and Dunearn House are expected to boost sales in July. Wong Siew Ying, Head of Research & Content at PropNex Realty, noted, “The muted new private home sales in June were widely expected given an empty launch calendar during the month amid the June school holidays.”
The market remains primarily driven by local buyers, with foreigners accounting for just 1.3% of sales. PropNex projects around 9,000 new private homes may be transacted in 2026, reflecting stable underlying demand.
