Developers post first month without launches since 2007

Sales fell to a two-year low as projects stayed off the market in June.

Singapore developers did not launch any new private homes for sale in June, marking the first month without a launch since the Urban Redevelopment Authority (URA) began publishing monthly developer sales data in 2007.

With no new supply entering the market, developers sold 156 new private homes excluding executive condominiums (ECs) in June, down 65.1% from May and 42.6% from a year earlier, based on URA data.

Including ECs, sales fell from 493 units in May to 184 units.

Huttons Asia CEO Mark Yip said the lack of launches was a first since monthly records began in June 2007, with developers likely waiting for a more suitable launch window in July.

Realion (OrangeTee & ETC) Group chief researcher and strategist Christine Sun said the slowdown was typical of the June school holidays, when developers usually hold back launches as buyers are more likely to be travelling.

She added that sales tend to soften when there are few or no new projects, despite resilient underlying demand.

Knight Frank Singapore head of research Leonard Tay similarly attributed the decline to the absence of launches during the holiday period.

He said developers are expected to resume launches from July before the Chinese Seventh Month, followed by another window after the September school holidays.

Despite the quieter month, developers sold an estimated 4,164 new private homes excluding ECs in the first half of 2026, compared with 4,587 units a year earlier, according to Knight Frank.

Huttons added that developers launched an estimated 3,627 units over the same period, with sales exceeding launches for the fifth consecutive month.

The Rest of Central Region accounted for more than half of June's transactions with 84 units sold, followed by the Outside Central Region with 57 units and the Core Central Region with 15 units.

Hudson Place Residences led sales with 12 units, whilst Chuan Park, The Continuum, and Union Square Residences each sold 11 units, according to Huttons.

Analysts expect sales to recover as new projects enter the market.

Sun said launches such as Lentor Gardens Residences and Dunearn House should support stronger sales in July.

CBRE head of research for Singapore and Southeast Asia Tricia Song also expects sales momentum to improve with upcoming launches and maintained a forecast of 7,500 to 8,500 new homes sold this year.

PropNex Realty head of research and content Wong Siew Ying likewise expects July sales to rebound, saying buyer sentiment should remain supported by low interest rates, a tight labour market and slower private home price growth.