New home sales in Singapore have surged by 145.3% year-on-year in the first half of 2025, according to the Urban Redevelopment Authority (URA).
This significant increase comes despite a decline in monthly sales for the fourth consecutive month in June, highlighting the private market’s resilience amidst an improving mortgage environment, according to a Realion Group note. The ongoing macroeconomic uncertainties have led more investors to view private homes as safe-haven assets.
In June 2025, new private home sales, excluding executive condominiums (ECs), fell to 272 units, a 12.8% decrease from May’s 312 units. Including ECs, sales dropped 9.2% from 336 units in May to 305 units in June. However, on a year-on-year basis, sales excluding ECs rose by 19.3%, up from 228 units in June 2024. For the first half of 2025, a total of 4,634 new units were sold, marking a substantial increase from the 1,889 units transacted in the same period last year.
Two notable projects launched in District 15 last month were Arina East Residences and Amber House, both achieving median prices close to S$3,000 per square foot. These developments attracted interest due to their prime locations near MRT stations and recreational amenities.
Sales in June were primarily driven by the Rest of Central Region (RCR), accounting for 69.5% of transactions, followed by the Outside Central Region (OCR) and Core Central Region (CCR). The luxury market also saw steady interest, with four condominiums sold for over S$10 million.
Looking ahead, Chief Researcher and Strategist of Realion Group, Christine Sun said there are more projects are expected to launch in the second half of the year, potentially spurring further buying interest. Upcoming developments include The Robertson Opus, River Green, and W Residences Singapore – Marina View, offering a diverse range of options for buyers.
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