Residential supply to hit 10,400-unit peak as resale demand drops to 2-year low
Realion warns that unsold inventory is projected to outpace property sales by 2030.
Singapore’s residential supply pipeline is projected to have a total of approximately 5,400 units in 2026, with a slight gap between sold and unsold units, according to the latest ETC Digest from Realion (OrangeTee & ETC) Research.
It also forecasts that supply will exceed 10,000 units by 2030, although the gap between sold and unsold assets is expected to widen throughout the years.
Data projects about 8,500 units will be available by 2027, rising to a peak of 10,400 units in 2028, before stabilising at around 10,200 units from 2029 to 2030.
In the first three months of 2026, Realion said residential sales dipped for another quarter to 5,413 units due to fewer launched projects during the Chinese New Year period.
Resale volume declined 8.6% quarter-on-quarter, marking the lowest quarterly resale level in two years. Launched uncompleted private residential units, excluding executive condominiums, dropped 29.9% to 1,844 units in the quarter.
The firm said the impact of ongoing Middle East conflicts has yet to manifest in the market.
“Although tensions have heightened geopolitical risks, the scale of impact will depend on how the situation unfolds,” it said, adding that increased volatility, higher oil prices, and construction costs could inflate business costs.
Inflationary pressures may also persist and could increase interest rates, affecting borrowing costs and home-buying sentiment.
Despite the slowdown, new home sales are expected to strengthen in the second quarter of 2026, supported by launches including Vela Bay—the first private residential project in the Bayshore precinct—and Tengah Garden Residences in the Tengah estate.
Both projects recorded strong first-weekend sales.