Private Home Sales Slow to 156 Units in June 2026 as Developers Hold Back Launches

The 156-unit figure for June is about a third of the 447 units sold in May 2026. Huttons Asia chief executive Mark Yip said sales activity and new project launches typically slow during the June school holiday period, with developers likely waiting for an opportune time like July to launch their projects.

Nicholas Mak, Mogul.sg chief research officer, said there was also less pressure on developers to launch new projects given the smaller pipeline of major projects slated for the second half compared with the same period last year. At the same time, developers were likely waiting to gauge market reaction to the new EC restrictions before deciding on their next move, resulting in some launches being pushed back.

In comparison, 493 units were sold and 357 units were launched in May 2026. The Q2 tally of 2,151 units was slightly more than the 2,013 units moved in Q1. For the first half of 2026, new private home sales totalled 4,164 units, 9.2% lower than the 4,587 units transacted in H1 2025 but more than double H1 2024’s 1,889 units.

Despite the sluggish sales in June, Wong Siew Ying, PropNex head of research and content, said the underlying demand for new private homes remained stable. A rebound is expected in July with the upcoming launch of the 499-unit Lentor Gardens Residences and 380-unit Dunearn House.

Both projects saw “strong turnout” when their sales gallery opened for previews in early July. For Lentor Gardens Residences, Wong noted that it was the seventh new launch in the Lentor Hills estate, and the previous six projects collectively sold 2,929 of 2,954 units, which works out to a take-up rate of 99.2% and points to sustained buyers’ confidence in the location.

Meanwhile, Dunearn House is the maiden launch in the new Bukit Timah Turf City estate. Wong said this suggests keen buying interest, and the two projects will likely help lift developers’ sales in July following June’s subdued showing.

In June, Coastal Cabana EC was the best-selling project with 21 units sold at a median price of S$1,836 per square foot. Tricia Song, CBRE head of research for Southeast Asia, said the 99-year leasehold development, which launched in January, saw renewed interest after new EC policy changes were announced in May. Changes include a longer minimum occupation period of 10 years (up from five) and the scrapping of the deferred payment scheme for uncompleted units.

Excluding ECs, the city-fringe Hudson Place Residences, which launched in May, topped the charts with 12 units sold at a median price of S$2,577 psf. This was followed by Chuan Park in the suburbs, and The Continuum and Union Square Residences in the city fringe, each with 11 units transacted at median prices of S$2,631 psf, S$2,789 psf and S$2,762 psf, respectively.

Among the priciest home transactions in June was a S$23 million detached house and a S$18.7 million detached house in Kheam Hock Road, sold separately to two Singaporeans, said Huttons’ Yip. Another semi-detached home in Fernhill Close was purchased by a Singaporean for S$10.5 million.

In the non-landed market, Yip noted that for the first time, no non-landed new homes were sold for S$10 million or more. Those priced below S$2.5 million, described as a price point seen as households’ budget sweet spot, accounted for 38% of new non-landed private home sales in June. Transactions in the S$2.5 million to under S$3 million range also took up a major share of sales, at 28%.