Developer sales in Singapore soared in July 2025, with 940 units sold, marking a significant increase from the 272 units sold in June. This surge, attributed to pent-up demand and competitively priced new launches, also represents a 63.2% rise compared to July 2024, according to Tricia Song, CBRE Head of Research, Southeast Asia.
The top-selling project was Otto Place, an Executive Condominium (EC) at Tengah, which sold 358 units at a median price of $1,746 per square foot (psf). ECs, a hybrid of private and public housing, remain popular due to their affordability. Lyndenwoods, located in Singapore Science Park, was the top-selling private project, with 331 of its 343 units sold at a median price of $2,463 psf. This project benefited from its connectivity to the MRT and integration with the rejuvenated Science Park precinct.
Upperhouse at Orchard Boulevard and The Robertson Opus also performed well, selling 178 and 149 units, respectively. The former’s competitive pricing for a luxury project and the latter’s rare 999-year leasehold status attracted buyers.
In contrast, W Residences Marina View struggled, selling only two units out of 683, possibly due to less interest in city living and less attractive pricing compared to nearby developments.
The Rest of Central Region (RCR) led sales with 513 units, whilst the Core Central Region (CCR) saw a significant increase, selling 357 units. The Outside Central Region (OCR) sold 70 units, maintaining its performance from June.
Looking ahead, CBRE Research anticipates strong sales in August, potentially exceeding 1,500 units, driven by new launches and favourable economic conditions. The full-year forecast for 2025 new home sales is now expected to reach 8,000 units, with private home prices projected to rise by 3-4% due to low unsold inventory and strong household balance sheets.
“`
