The developer sales for private residential properties in Singapore saw a significant decline in September 2025, with only 255 units sold, marking an 88.1% decrease from August’s 2,142 sales. This drop was largely anticipated due to the Lunar Seventh Month, a period traditionally quiet for property transactions. Leonard Tay, Head of Research at Knight Frank Singapore, noted that despite the slowdown, the market remains robust, as evidenced by the successful launch of Skye at Holland, which sold 99% of its units post-festival.
In the broader context of Q3 2025, the Core Central Region (CCR) experienced a surge in primary transactions, with 916 sales compared to just 46 in the previous quarter. This indicates a strong demand for prime residential locations. However, price growth in the CCR has been slower over the past five years compared to the Rest of Central Region (RCR) and Outside Central Region (OCR), which saw increases of 47% and 46%, respectively.
For the first nine months of 2025, approximately 7,924 private residential units were sold, aligning with Knight Frank’s forecast of 7,000 to 9,000 units for the year. The resilience of Singapore’s residential market is supported by low unemployment and strong household savings, providing financial flexibility amidst global uncertainties. Looking ahead, new home sales are expected to exceed 9,000 units, driven by upcoming launches in October and early November, before the holiday season begins.
