Singapore New Home Sales Surge Past 2,100 Units in August — Highest August Since Records Began
Developers sold 2,142 new private homes in August 2025 (excluding ECs) — more than 10× August 2024 and the strongest August since records began in 2007. Year-to-date sales climbed to 7,669 units, led by prime and city-fringe launches.
Units sold (ex-EC)
Units sold YTD
Sold / Launched (incl. EC)
Deals ≤ $2.5m
What Drove the Spike
A wave of fresh launches across regions — timed ahead of the Hungry Ghost period — catalysed demand. Developers typically front-load launches before the festival, and August’s slate drew broad interest from HDB upgraders and private right-sizers.
| Project | Region | Units Sold (Aug) | Median Price (psf) |
|---|---|---|---|
| River Green | CCR | 451 | $3,111 |
| Promenade Peak | RCR | 333 | $2,919 |
Who’s Buying
- Predominantly local: Around nine in ten purchases were by Singaporeans; PRs formed most of the remainder; foreign purchases were a very small share.
- Upgraders in force: Steady HDB upgrader participation, alongside renewed activity from private home right-sizers.
Pricing Highlights
- Activity spanned a broad price band, with the ≤ $2.5m segment remaining the workhorse.
- At the upper end, the priciest deal was a 10,452 sq ft unit at freehold 21 Anderson at $52.25m (~$4,999 psf), signalling resilient appetite for rare, large luxury homes.
Pipeline to Watch
- Penrith (Margaret Drive) and Skye at Holland in the popular Holland enclave are on watchlists, with constrained move-in stock in prime and city-fringe locations supporting demand.
Outlook
With August’s performance, full-year 2025 new sales are on course to exceed the earlier 7,000–9,000 range, with upside past 9,000 units if the launch calendar stays active and sentiment holds. Buyers remain price-sensitive: projects with clear value propositions — efficient layouts, strong locations, amenity proximity — should continue to lead absorption, while highly priced outliers may need to calibrate expectations.