Developers in Singapore saw a significant increase in sales in July 2026, with 731 units sold, marking a more than fourfold rise from June’s 156 units. However, this figure represents a 22.2% decrease compared to July 2025, according to Mark Yip, CEO of Huttons Asia.
In July, the market witnessed the launch of two major non-landed projects and two boutique developments, including Duet @ Emily, Dunearn House, Lentor Gardens Residences, and The Bronze. A total of 889 units were introduced, a stark contrast to the zero units launched in June, though still 18.6% lower than the previous year.
Dunearn House, located in Turf City, sold 212 out of its 250 launched units, appealing to buyers interested in the prestigious Bukit Timah area. Meanwhile, Lentor Gardens Residences attracted buyers with its transformation and proximity to Lentor Modern, selling 270 out of 499 units. Notably, over 80% of these sales were priced below $2.5m.
The Rest of Central Region (RCR) projects dominated sales, with Union Square Residences leading for three consecutive months. Singaporeans accounted for 87.6% of purchases, with nearly 40% of sales in the $2.5m to $5m range, largely due to Dunearn House’s launch.
Looking ahead, no new projects are expected in August due to the Lunar Seventh Month. However, launches are anticipated to resume in September with projects like Amberwood at Holland and Lucerne Grand. Despite a forecasted economic growth of 4.5% to 5.5% for 2026, developers plan to launch up to 7,000 units, the lowest since 2023. Transaction volumes are expected to range between 7,500 and 9,000 units, with prices potentially rising by 2% to 5%.
