Developers in Singapore experienced a significant rebound in private home sales in July, reaching a five-month high with 940 units sold, excluding executive condominiums. This marks a more than threefold increase from June’s 272 units and a 63% rise compared to July 2024. The surge was largely fuelled by strong demand for new projects in the city and city-fringe areas, according to data released by the Urban Redevelopment Authority (URA).
Four new projects were launched in July, including LyndenWoods in the Science Park, The Robertson Opus, UpperHouse at Orchard Boulevard, and W Residence Marina View-Singapore. These accounted for approximately 70% of the month’s sales. LyndenWoods led the sales with 331 units sold at a median price of $2,463 per square foot (psf).
The Core Central Region (CCR) saw a remarkable recovery, with sales hitting 357 units, the highest monthly figure in over four years. The Robertson Opus and UpperHouse at Orchard Boulevard were the top performers in this region. UpperHouse sold 178 units at a median price of $3,259 psf, whilst The Robertson Opus moved 149 units at $3,359 psf.
In contrast, the Outside Central Region (OCR) experienced muted sales due to a lack of new launches, with only 70 units sold. However, sales are expected to pick up in August with new projects like Canberra Crescent Residences and Springleaf Residence entering the market.
Wong Siew Ying, Head of Research & Content at PropNex Realty, noted, “July marked a bright start to the second half of 2025 for developers’ sales and may signal a broader recovery in the CCR sub-market.” With more projects slated for launch, developers’ sales for 2025 could reach between 8,000 and 9,000 units, excluding executive condominiums.
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