# New Private Home Sales Drop 79% in August 2026 Amid No Launches - **Source:** Stacked Homes - **Published:** 2026-09-15T12:16:23.000Z - **Author:** Sabrina Lee - **Original:** https://stackedhomes.com/singapore-new-home-sales-just-fell-79-to-only-153-units-but-it-may-not-mean-demand-is-falling/ - **Topics:** Private Residential, New Launches, Transactions & Deals ## Featured rationale The decline primarily signals a seasonal, supply-driven lull rather than weaker underlying demand, while upcoming launches may revive transactions among buyers remaining selective about pricing and value. ## AI summary Developers sold 153 new private homes in August 2026, down 79.1% from July, as the Hungry Ghost Month passed without any new project launches. ## Original article The combined effect of property developers holding back or delaying new project launches, as well as some buyers holding off on property purchases, resulted in a sharp drop in new private home sales last month. Market activity took a back seat during the Hungry Ghost Month, which lasted from Aug 13 to Sept 10 this year. This seasonal lull typically sees most developers plan new project launches around the lunar seventh month, when a meaningful proportion of local buyers tend to hold back their purchases of big-ticket items like property, says Christine Sun, head of Chief Researcher & Strategist of Realion (OrangeTee & ETC) Group. As a result, developers only sold 153 new private residential units over the entire month of August 2026, and the decline represents a quarterly drop of 79.1% compared to the 731 new private homes sold in July 2026. There were no new launches last month, which means that all of the units sold by developers came from previously launched projects. New Sales Volume and Launches Month | Sales (Excl. EC) | Volume (Incl. EC) | Launched (Excl. EC) | Units (Incl. EC) Aug-25 | 2,142 | 2,338 | 2,496 | 2,496 Sep-25 | 255 | 270 | 20 | 20 Mar-26 | 1,300 | 1,937 | 1,043 | 1,615 Apr-26 | 1,548 | 1,649 | 1,426 | 1,426 May-26 | 447 | 493 | 357 | 357 Jun-26 | 156 | 184 | 0 | 0 July-26 | 731 | 758 | 889 | 889 Aug-26 | 153 | 171 | 116 | 116 M-o-M % Change | -79.10% | -77.40% | -87.00% | -87.00% Y-o-Y % Change | -92.90% | -92.70% | -95.40% | -95.40% Source: URA, Realion (OrangeTee & ETC) Research Most market watchers say that seasonal breaks like this throughout the year, that result in lower buying rates, should be considered in the context of limited fresh supply rather than a real indication of prevailing homebuying demand. “New project launches are typically a key driver of transaction activity in a healthy property market. The decline in sales therefore reflected a seasonal lull and a wait-and-see approach among buyers, rather than a weakening in underlying demand,” says Marcus Chu, Chief Executive Officer of ERA Singapore. Likewise, the fall in new private home sales represented a temporary breather for the primary market as buyers awaited the next wave of project launches, says Mohan Sandrasegeran, Head of Research & Data Analytics at SRI. Buyers sweep up leftover launched but unsold inventory The latest residential statistics indicate that all 153 sales last month were from previously launched new projects. The transactions also included 10 new Executive Condominium (EC) units. Top Selling Private Residential Project (ex. EC) in August 2026 S/N | Project | Region | Units sold in August 2026 | Median price in August 2026 ($PSF) 1 | DUNEARN HOUSE | CCR | 18 | $3,008 2 | LENTOR GARDENS RESIDENCES | OCR | 15 | $2,367 3 | COASTAL CABANA | OCR | 12 | $1,830 THE SEN | RCR | 12 | $2,305 4 | UNION SQUARE RESIDENCES | RCR | 10 | $2,762 5 | HUDSON PLACE RESIDENCES | RCR | 9 | $2,640 6 | ARINA EAST RESIDENCES | RCR | 8 | $2,718 7 | CHUAN PARK | OCR | 6 | $2,708 NARRA RESIDENCES | OCR | 6 | $2,129 RIVELLE TAMPINES | OCR | 6 | $1,944 8 | CANBERRA CRESCENT RESIDENCES | OCR | 5 | $2,031 ONE MARINA GARDENS | RCR | 5 | $3,082 POLLEN COLLECTION II | OCR | 5 | $2,615 9 | NORWOOD GRAND | OCR | 4 | $2,063 TERRA HILL | RCR | 4 | $2,291 THE CONTINUUM | RCR | 4 | $2,844 10 | BLOOMSBURY RESIDENCES | RCR | 3 | $2,617 ELTA | OCR | 3 | $2,446 GRAND DUNMAN | RCR | 3 | $2,464 Source: Propnex Research, URA The 380-unit Dunearn House sold the highest number of new private residential units last month. The project launched for sale in July, selling at least 212 units (56%) over its opening weekend sales, and setting an average selling price of $3,140 psf. The latest units sold by the developer fetched a median price of $3,008 psf. Based on URA caveats, the project has moved a total of 227 units (59.7%) and the average selling price is about $3,114 psf. Meanwhile, Lentor Gardens Residences was the second best-seller last month, in terms of number of units sold. The 499-unit development, the latest condo in Lentor Hills, sold 15 units last month at a median price of $2,367 psf. The development also launched for sale in July, and moved 270 units (54%) – while setting an average selling price of $2,350 psf – during its opening sales weekend. To date, the project has sold at least 282 units (56%) and the average price has adjusted to $2,357 psf. There have been no new project launches since Dunearn House and Lentor Gardens Residences. “The quieter launch calendar has reduced competition for buyer attention, allowing existing projects to maintain greater visibility among prospective homebuyers and investors,” says Sandrasegeran. The Sen, a 347-unit development on Jalan Jurong Kechil, has sold 45% of its units. With no major new launch project vying for the attention of new condo buyers, it gave already-launched projects a chance to close a handful of deals. The Sen in Upper Bukit Timah, Union Square Residences on Havelock Road and Hudson Place Residences in one north also managed to sell several of their units, at prices ranging from $2,300 psf to $2,800 psf. Meanwhile, Coastal Cabana, an EC project in Pasir Ris which launched in January, sold 12 units last month at a median price of $1,800 psf. The development was the first new project to hit the market this year, and has since sold 619 units (82.7%) while setting an average selling price of $1,749 psf. Separately, The most expensive non-landed sale in the primary market in August 2026 was a 2,788 sq ft unit on the 36th floor at Canninghill Piers. The five-bedroom unit was sold for $8.4 million ($3,009 psf) on Aug 26. According to PropNex, the unit was sold to a Permanent Resident. Developers Eager To Launch New Projects This month, market activity in the new launch market is expected to kick off in a big way to make up for the dearth of new projects last month. At least three new projects are expected to make an appearance, with the public preview of 212-unit Amberwood at Holland begun last weekend. Check out our comprehensive review of Amberwood at Holland here, as well as our Price Review of the new project. New condo buyers can also look forward to the preview of Lucerne Grand, a mixed-use development by City Developments LTD (CDL) that is connected to Lakeside MRT station. Thereafter, we expect to see the preview of The Serra Residences by Far East Organization at the start of October. On the whole, market activity in the new launch market is expected to heighten this month, marginally damped by the week-long school holidays. Market watchers like Chu of ERA noted that economic fundamentals in Singapore remain robust, which will support strong buying activity in the property market and local homebuying demand. “The stronger 2026 growth forecast should also boost homebuyers’ confidence, although they are likely to remain selective on pricing and value,” he says, citing MTI’s GDP projection change from 4.5% to 5.5%. But some property analysts flag a different type of risk ahead. Sandrasegeran of SRI says that a potential increase in U.S. interest rates and inflationary pressures in energy and commodities markets can also squeeze local homebuyers. “External economic and financing conditions are likely to become increasingly important considerations for homebuyers,” he says. ## Chinese translation > Translation model: grok_cli ### 2026年8月无新盘推出，新私宅销量大跌79% 新加坡私宅销量在8月下跌79.1%至153个单位，因发展商为中元节推迟推盘，余货由Dunearn House和Lentor Gardens Residences领衔销售。 房地产发展商推迟或延后新项目推盘，加上部分买家暂缓置业，共同导致上月新私宅销量大幅下滑。今年中元月从8月13日持续至9月10日，期间市场活动退居次席。 Realion（OrangeTee & ETC）集团首席研究与策略主管Christine Sun表示，这种季节性淡季通常会看到大多数发展商围绕农历七月规划新盘推出，因为相当比例的本地买家往往会暂缓购置房产等大额商品。 因此，发展商在整个2026年8月仅售出153个新私宅单位，该降幅相当于较2026年7月售出的731套新私宅季度下跌79.1%。 上月没有新盘推出，这意味着发展商售出的所有单位均来自此前已开盘的项目。 新盘销量与推盘情况 月份 | 销量（不含EC） | 成交量（含EC） | 推出单位（不含EC） | 单位数（含EC） Aug-25 | 2,142 | 2,338 | 2,496 | 2,496 Sep-25 | 255 | 270 | 20 | 20 Mar-26 | 1,300 | 1,937 | 1,043 | 1,615 Apr-26 | 1,548 | 1,649 | 1,426 | 1,426 May-26 | 447 | 493 | 357 | 357 Jun-26 | 156 | 184 | 0 | 0 July-26 | 731 | 758 | 889 | 889 Aug-26 | 153 | 171 | 116 | 116 月环比变化 | -79.10% | -77.40% | -87.00% | -87.00% 同比变化 | -92.90% | -92.70% | -95.40% | -95.40% 资料来源：URA、Realion（OrangeTee & ETC）Research 多数市场观察人士表示，全年此类导致购买率下降的季节性间歇，应放在新增供应有限的背景下看待，而非作为当前购房需求的真实指标。 ERA Singapore首席执行官Marcus Chu说：“在健康的房地产市场中，新盘推出通常是成交活动的关键驱动力。因此，销量下滑反映的是季节性淡季以及买家的观望态度，而非基础需求走弱。” 同样，SRI研究与数据分析主管Mohan Sandrasegeran表示，新私宅销量下滑代表一手市场暂时歇口气，买家在等待下一波项目推出。 买家扫入已开盘但未售出的余货 最新住宅统计显示，上月全部153宗成交均来自此前已开盘的新项目。成交中还包括10个新执行共管公寓（EC）单位。 2026年8月销量最高的私宅项目（不含EC） 序号 | 项目 | 区域 | 2026年8月售出单位 | 2026年8月中位价（每平方英尺，新元） 1 | DUNEARN HOUSE | CCR | 18 | 新币3,008 2 | LENTOR GARDENS RESIDENCES | OCR | 15 | 新币2,367 3 | COASTAL CABANA | OCR | 12 | 新币1,830 THE SEN | RCR | 12 | 新币2,305 4 | UNION SQUARE RESIDENCES | RCR | 10 | 新币2,762 5 | HUDSON PLACE RESIDENCES | RCR | 9 | 新币2,640 6 | ARINA EAST RESIDENCES | RCR | 8 | 新币2,718 7 | CHUAN PARK | OCR | 6 | 新币2,708 NARRA RESIDENCES | OCR | 6 | 新币2,129 RIVELLE TAMPINES | OCR | 6 | 新币1,944 8 | CANBERRA CRESCENT RESIDENCES | OCR | 5 | 新币2,031 ONE MARINA GARDENS | RCR | 5 | 新币3,082 POLLEN COLLECTION II | OCR | 5 | 新币2,615 9 | NORWOOD GRAND | OCR | 4 | 新币2,063 TERRA HILL | RCR | 4 | 新币2,291 THE CONTINUUM | RCR | 4 | 新币2,844 10 | BLOOMSBURY RESIDENCES | RCR | 3 | 新币2,617 ELTA | OCR | 3 | 新币2,446 GRAND DUNMAN | RCR | 3 | 新币2,464 资料来源：Propnex Research、URA 拥有380个单位的Dunearn House上月售出最多新私宅单位。该项目于7月开盘，开盘周末至少售出212个单位（56%），平均售价定为每平方英尺新币3,140元。 发展商最新售出的单位中位价为每平方英尺新币3,008元。根据URA买卖合约备案，该项目累计已售出227个单位（59.7%），平均售价约为每平方英尺新币3,114元。 与此同时，Lentor Gardens Residences上月以售出单位数计位列第二。这个位于Lentor Hills的最新共管公寓共有499个单位，上月售出15个单位，中位价为每平方英尺新币2,367元。 该项目同样于7月开盘，开盘销售周末售出270个单位（54%），平均售价定为每平方英尺新币2,350元。迄今，该项目至少已售出282个单位（56%），平均价格调整至每平方英尺新币2,357元。 自Dunearn House和Lentor Gardens Residences之后，再无新项目推出。Sandrasegeran说：“更为清淡的推盘日程减少了买家注意力方面的竞争，使现有项目在潜在购房者和投资者中保持更高的可见度。” 位于Jalan Jurong Kechil、共347个单位的The Sen，已售出45%的单位。 由于没有大型新盘项目争夺新共管公寓买家的注意力，已开盘项目得以抓住机会完成少量成交。位于武吉知马上段的The Sen、位于Havelock Road的Union Square Residences，以及位于one-north的Hudson Place Residences，也各自售出若干单位，价格介于每平方英尺新币2,300元至2,800元。 与此同时，今年1月在巴西立开盘的执行共管公寓项目Coastal Cabana，上月售出12个单位，中位价为每平方英尺新币1,800元。该项目是今年首个入市的新盘，迄今已售出619个单位（82.7%），平均售价定为每平方英尺新币1,749元。 另外，2026年8月一手市场最昂贵的非有地住宅成交，是Canninghill Piers第36层一个2,788平方英尺的单位。这个五房式单位于8月26日以新币840万元（每平方英尺新币3,009元）售出。据PropNex称，该单位售予一名永久居民。 发展商急于推出新项目 本月，新盘市场活动预计将大规模启动，以弥补上月新项目匮乏。至少有三个新项目有望亮相，拥有212个单位的Amberwood at Holland已于上周末开始公开预览。 欢迎查阅我们对Amberwood at Holland的全面评测，以及该新项目的价格评测。 新共管公寓买家也可以期待Lucerne Grand的预览，这是由City Developments LTD（CDL）开发、连接湖畔地铁站的综合用途项目。此后，我们预计将在10月初看到Far East Organization的The Serra Residences预览。 总体而言，本月新盘市场活动预计将升温，仅会略受为期一周的学校假期抑制。ERA的Chu等市场观察人士指出，新加坡经济基本面依然稳健，这将支撑房地产市场的强劲买盘活动和本地购房需求。 他说：“更强劲的2026年增长预测也应提振购房者信心，尽管他们在定价和价值方面可能仍会保持挑剔。”他援引贸工部（MTI）将国内生产总值预测由4.5%调整至5.5%。 但一些房地产分析师则警示另一种前方风险。SRI的Sandrasegeran表示，美国利率可能上升，以及能源与大宗商品市场的通胀压力，也可能挤压本地购房者。他说：“外部经济和融资环境，很可能日益成为购房者的重要考量。”