Home sales set to rise in July on new launches

Lower interest rates provide support, but a weak macro-outlook may dampen buying sentiment.

Singapore is expected to log a ‘robust’ volume of new home sales in July 2025 on the back of two new launches.

New projects launching during the month are UPPERHOUSE at Orchard Boulevard, and Robertson Opus, noted CGS International analyst Lock Mun Yee.

Overall, however, the investment house maintains its ‘neutral’ strategy on Singapore’s residential property sector on expectations of a slower macroeconomic outlook, which could result in more cautious buying sentiment particularly for big-ticket items, such as housing.

The government has also recently extended the holding period for private residential properties that are subject to the sellers’ stamp duty— from three to four years. SSD rates have been increased by 4 percentage points for each tier of holding period.

The revised SSD is not expected to affect Housing Development Board (HDB) owners, however, due to the minimum occupation period clause for HDB flats, Lock said.

“We think the latest changes will have a limited impact on Singapore’s residential market given the present small percentage of sub-sale transactions, although the move could be perceived by the public as a “cooling measure” amidst the current lower interest rate environment in Singapore,” Lock said.

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