Developers in Singapore experienced a significant decline in sales in August 2026, with figures dropping by 79.1% compared to July 2026, according to Huttons Asia. The downturn is attributed to the lunar seventh month, which began on 13 August, traditionally a period when developers hold back on launching new projects. Only 116 units were launched, marking an 87% decrease month-on-month and a 95.4% drop year-on-year.
Despite the low number of launches, the median price per square foot (psf) remained stable at $2,625, slightly up from $2,616 in July. Dunearn House, located in the Core Central Region, sold 18 units, with prices ranging from $2,797 to $3,277 psf. In the Rest of Central Region, projects like Hudson Place Residences and The Sen continued to perform well, maintaining their position as top sellers for four consecutive months.
Singaporean buyers dominated the market, accounting for 83.5% of purchases in August. Notably, 35% of sales were for properties priced between $2.5m and $5m. The month also saw a record low in foreign purchases, with only one transaction recorded—a 4-bedroom unit at River Modern for $6.8m.
Looking ahead, the market anticipates limited launches from September to November 2026. Amberwood at Holland is set to be the first post-lunar month launch, featuring innovative wellness amenities. The property market is buoyed by Singapore’s strong economic growth in the first half of 2026, with developers expected to launch up to 7,000 units by year-end, the lowest since 2023. Prices are projected to rise between 2% and 5% in 2026.
