Singapore new home sales in June fall to lowest level in over two years
The launch-driven slowdown may prove temporary, as low mortgage rates and upcoming projects could restore transaction momentum despite geopolitical and economic uncertainty.
Singapore developers sold 156 new private homes in June 2026, down 65.1% month-on-month and the lowest monthly total since February 2024.
Body
There were 156 homes sold during the month.
Singapore developers sold 156 new private homes in June 2026, the lowest monthly tally in more than two years as the absence of new project launches during the school holiday period weighed on sales, according to CBRE.
CBRE said June sales fell 65.1% month-on-month from 447 units in May and were down 42.6% year-on-year from 272 units. The figure was also the weakest monthly performance since February 2024, when 153 units were sold.
Despite the slowdown, developers sold 4,164 new private homes in the first half of 2026, down 9.2% from 4,587 units in the corresponding period last year. CBRE expects sales momentum to improve in the coming months as several new projects are launched, adding that homebuying demand remains resilient despite geopolitical uncertainty linked to the Middle East conflict, supported by low mortgage rates.
With no new launches in June, the month's best-selling projects were all existing developments in the Rest of Central Region (RCR) and Outside Central Region (OCR), including two executive condominium (EC) projects. Coastal Cabana led sales with 21 units sold at a median price of S$1,836 psf, while Hudson Place Residences sold a further 12 units at a median S$2,577 psf. The Continuum, Union Square Residences and Chuan Park each recorded 11 sales.
By market segment, the RCR accounted for 84 units, or 54% of June's sales excluding ECs, followed by the OCR with 57 units, or 37%, and the Core Central Region with 15 units, or 10%, according to CBRE.
CBRE also noted that the largest share of new private home sales, excluding ECs, was in the S$3 million to S$5 million price bracket, accounting for 27% of transactions, followed by the S$2.5 million to S$3 million range at 26% and the S$1.5 million to S$2 million segment at 20%.