Singapore New Home Sales Drop to 255 Units in September 2025 — A Quiet Month Before the Rebound

September’s sharp decline was overwhelmingly a supply-side story. With no new project launches and only 20 units trickling out from existing inventory, the month hit a nine-month low in transaction volume. Developers traditionally avoid launching during the Hungry Ghost Month, when buyer activity softens due to cultural preferences around property purchases.

This stands in stark contrast to August’s blockbuster 2,496-unit launch pipeline. The near-total absence of fresh supply — rather than any fundamental shift in buyer sentiment — explains the dramatic month-on-month drop. Sales that did occur came largely from existing projects with remaining inventory, demonstrating that demand at quality developments persists even during quieter periods.

Despite the subdued environment, several projects continued to move units — proof that quality developments in strong locations maintain appeal regardless of seasonal factors.

Canberra Crescent Residences (OCR) led September’s chart with 28 units at a median of S$2,001 psf, bringing cumulative sales to approximately 63% of its total inventory. Its positioning at a sub-S$2,100 psf entry point in Sembawang continued to attract upgraders seeking affordability compared to city-fringe and prime medians.

Grand Dunman (RCR) recorded 24 transactions at S$2,508 psf, with about 86% of its units now sold. Situated along Dunman Road in the Tanjong Katong area, its broad unit mix and established brand recognition sustained its strong initial launch momentum.

River Green (CCR) added 16 units at S$3,201 psf, reaching approximately 89% sold — cementing its status as 2025’s top-performing prime district project. The River Valley address continues to appeal to buyers prioritising central living and rental yield potential.

All three regions experienced steep declines from August’s elevated base, but the pattern was consistent with a supply-driven correction rather than a demand collapse.

The RCR proved most resilient in absolute terms with 125 units, supported by ongoing sales at Grand Dunman and other existing projects. The CCR’s 46 units still represented a strong year-on-year improvement of 206.7%, reflecting the cumulative impact of prime launches from earlier months continuing to clear remaining stock.