Singapore Property Market Report – June 2025: Market Pauses Ahead of Major Launches
Singapore’s private new home market took a breather in June 2025 as buyers held back ahead of a packed Q3 launch pipeline and the mid-year school holiday season dampened showroom traffic. Just 272 new homes (excluding ECs) changed hands – the fourth consecutive monthly decline and the lowest tally of the year. Yet the broader picture remains healthy: first-half 2025 sales of 4,634 units more than doubled the same period in 2024 and were 37 per cent above H1 2023. With over 5,000 units set to launch across 10 projects in July and August, the pause looks temporary.
New Homes Sold (excl. EC)
H1 2025 Total (2x H1 2024)
RCR Share of Sales
Units Coming in Q3
New Home Sales: A Seasonal Dip, Not a Downturn
Developers sold 272 private new homes (excluding ECs) in June 2025, a 12.8 per cent decline from May’s 312 units but 19.3 per cent higher than June 2024’s 228 units. Including ECs, total new home sales were 305 units, down from 336 in May.
The decline was driven by the school holiday lull, limited new launches (only Amber House and Arina East Residences), and buyer anticipation of a much larger launch pipeline in Q3. Geopolitical tensions and macroeconomic caution also contributed to a wait-and-see attitude among some buyers.
| Region | Jun 2025 | Share | Median PSF | MoM Price |
|---|---|---|---|---|
| RCR (City Fringe) | 189 | 69.5% | S$2,732 | +3.1% |
| OCR (Suburban) | 69 | 25.4% | S$2,274 | +1.1% |
| CCR (Prime) | 14 | 5.1% | S$3,270 | +0.5% |
Top-Selling Projects and Luxury Activity
One Marina Gardens led all projects with 49 units sold in June at a median price of S$2,962 psf, bringing its cumulative total to 480 of 937 units (51.2 per cent). Bloomsbury Residences in Buona Vista followed with 30 units at S$2,516 psf. New launches Amber House (freehold, East Coast) and Arina East Residences (freehold, Tanjong Rhu) both marketed at around S$2,900 psf, catering to long-term buyers seeking legacy homes.
The luxury segment showed resilience: four units were sold for over S$10 million each, and 11 units transacted in the S$5 to S$10 million range. The priciest non-landed transaction was a S$30.9 million, 5,285 square foot unit at Skywaters Residences.
Market Outlook: A Blockbuster Q3 Ahead
The outlook for Q3 2025 is decidedly more optimistic. Over 5,000 units were expected to be launched across 10 or more projects, including LyndenWoods (343 units, which achieved over 94 per cent take-up at launch weekend), Upperhouse at Orchard Boulevard (301 units), The Robertson Opus (348 units), Otto Place EC (600 units), and Springleaf Residence (941 units).
With sizeable launches in prime CCR locations like Orchard, River Valley, and Zion Road, a rebound in take-up rates was anticipated. Falling interest rates, improved mortgage affordability, and renewed developer confidence were all expected to support demand. The growing presence of new citizens and permanent residents favouring high-rise city living adds another layer of steady local demand.
Frequently Asked Questions
How many new homes were sold in June 2025?
Developers sold 272 private new homes (excluding ECs), a 12.8 per cent decline from May but 19.3 per cent higher year-on-year. Including ECs, total sales were 305 units. This was the lowest monthly tally in 2025.
How did H1 2025 new home sales compare to previous years?
H1 2025 sales reached 4,634 units (excluding ECs), more than double the 1,889 units in H1 2024 and 37 per cent above H1 2023 figures – indicating strong underlying demand despite monthly fluctuations.
Which region dominated new home sales in June 2025?
The Rest of Central Region (RCR) dominated with 189 units or 69.5 per cent of total sales at a median price of S$2,732 psf, driven by continued absorption at One Marina Gardens and Bloomsbury Residences.
What major launches were expected in Q3 2025?
Over 5,000 units across 10-plus projects were expected, including LyndenWoods (343 units), Upperhouse at Orchard Boulevard (301), The Robertson Opus (348), Otto Place EC (600), and Springleaf Residence (941).
Source: AsianPrime Properties Monthly Newsletter, August 2025 Issue (June 2025 data). Based on URA data and AsianPrime research.
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