New home sales in Singapore more than doubled in August 2025, marking the highest monthly sales recorded for the year and the strongest August since 2007. According to the Urban Redevelopment Authority (URA), sales excluding Executive Condominiums (ECs) soared by 127.9% from 940 units in July to 2,142 units in August. Including ECs, sales increased by 78.3% to 2,338 units.
The surge was largely attributed to five new project launches, including the 941-unit Springleaf Residence and the 524-unit River Green. Springleaf Residence emerged as the best-selling project, with 93.9% of its units sold, driven by its attractive pricing and proximity to the Springleaf MRT station. River Green also performed well, selling 86.1% of its units, appealing to buyers with its competitive pricing and location near Orchard Road.
The market saw a significant distribution of sales across different regions, with 53.8% of transactions occurring in the suburbs or Outside Central Region (OCR), 23.9% in the prime Core Central Region (CCR), and 22.2% in the city fringe or Rest of Central Region (RCR).
In the luxury market, 22 non-landed homes priced between $3.65 million (S$5 million) and $7.3 million (S$10 million) were sold, although this was slightly lower than the 28 units sold in July. Demand for ultra-luxury condos remained steady, with two units from 21 Anderson transacted at $38.2 million (S$52.3 million) and $15.4 million (S$21.1 million).
Looking ahead, more housing options are expected post-lunar seventh month, with several medium to large-sized developments slated for launch. The stabilisation of US tariffs and anticipated drops in interest rates may further encourage hesitant buyers to enter the market.
