September 2025 saw a significant drop in new home sales in Singapore, with only 255 units sold, marking an 88.1% decrease from August’s 2,142 units, according to CBRE Research. The decline is attributed to the absence of new launches during the Seventh Lunar Month, which spanned from 23 August to 21 September. Despite this, CBRE anticipates a strong rebound in October and November, potentially closing the year at a multi-year high.
The September sales figures bring the third quarter total to 3,337 units, more than doubling the 1,212 units sold in the second quarter. For the first nine months of 2025, sales reached 7,924 units, already surpassing the entire 2024 volume by 22.5%. This surge is supported by low interest rates and an upgraded GDP growth forecast of 1.5–2.5% for 2025.
The top-selling project in September was Canberra Crescent Residences, with 28 units sold at a median price of $2,001 per square foot (psf). Other notable projects included Grand Dunman and River Green, selling 24 and 16 units, respectively. The Rest of Central Region led sales with 125 units, followed by the Outside Central Region and Core Central Region.
Looking forward, CBRE expects a strong market recovery in October with several major launches, including Skye at Holland, which has already sold 99% of its units. Full-year sales are now projected to reach 9,000–10,000 units, exceeding previous forecasts. Private home prices, which have risen 3.1% so far, are expected to continue their upward trend, potentially matching or surpassing last year’s 3.9% growth.
