Singapore’s property market witnessed a notable increase in new home sales in June 2025, with figures rising 19% year-on-year, according to the Urban Redevelopment Authority (URA). Despite a 13% month-on-month decline, 305 units were sold, including 33 executive condos (ECs). Excluding ECs, private home sales reached 272 units, a significant rise from the previous year, attributed to the absence of major new launches, according to CGS International report.
Projects such as One Marina Gardens, Bloomsbury Residences, The Hill @ One-North, and Hillock Green were among the top performers, contributing to the robust sales figures. The Rest of Central Region (RCR) dominated the sales, accounting for 69% of the total, whilst the Outside of Central Region (OCR) and Core Central Region (CCR) contributed 25% and 6%, respectively.
Looking ahead, the market anticipates a strong performance in July 2025, bolstered by new launches like UPPERHOUSE at Orchard Boulevard and Robertson Opus. The LyndenWoods project, which achieved a 94% take-up rate during its initial launch weekend, exemplifies the ongoing demand.
The government has also announced changes to the sellers’ stamp duty (SSD) for residential properties, extending the holding period from three to four years and increasing rates by 4% for each tier. However, these changes are not expected to significantly impact the market due to the low percentage of sub-sale transactions.
Despite favourable mortgage rates, the sector remains neutral due to a cautious macroeconomic outlook. UOL Group is highlighted as a preferred pick, with its strong balance sheet and potential for value creation through redevelopment projects. The market remains vigilant, with potential risks including economic sluggishness affecting housing demand.
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