Developers record strongest monthly sales since November 2024

The RCR accounted for the largest share of sales at about 1,225 units or 50.5%.

New private home sales surged to a 2025 high in October, as a wave of major launches across all regions pushed volumes sharply above recent norms.

Developers sold 2,424 units excluding executive condominiums, roughly nine to ten times September’s total of 255 units and more than three times the 748 units sold a year earlier.

It was the strongest monthly performance since November 2024, when 2,560 units were transacted.

The spike was driven by four projects: Skye at Holland in the Core Central Region, Zyon Grand and Penrith in the Rest of Central Region, and Faber Residence in the Outside Central Region.

Together, they added 2,233 new units and recorded launch take-up rates of about 84% to 99% per project.

The RCR accounted for the largest share of sales at about 1,225 units or 50.5%. The CCR contributed 724 units or 29.9%, marking the highest or near record monthly CCR sales on record and the strongest since the mid-2000s. The OCR saw 475 units sold or 19.6%, reflecting a quieter month for launches in the segment.

Mid-range quantum homes dominated the market. Units priced between $2.0m and $2.5m made up 27.8% of transactions, followed by the $1.5m to $2.0m band at 26.1%.

Demand in the $3m to $5m range was also robust at 25.1%, underscoring firm's appetite for mid to upper tier homes in well-located projects. At the top end, 51 non-landed units priced at $5m and above were sold, the highest monthly tally since November 2023.

Four units above $10m changed hands at projects including Zyon Grand, Skywaters Residences, 21 Anderson, and Park Nova.

The strong October showing lifted year-to-date sales to about 10,299 units, already above the full year totals for 2022 through 2024 and the highest since 2021.

PropNex places year to 9 November sales at about 10,379 units, while Knight Frank’s caveat count as at 17 November stands at around 11,818 units.

Across the consultancies, full-year projections range from roughly 9,000 to 10,000 units (Realion) to 10,500 to 11,000 units (CBRE) and close to 12,000 units (Knight Frank), pointing to a consensus that 2025 will outperform the past three years by a wide margin.

Consultants describe the measured take-up as the result of buyer fatigue after a heavy launch year, the seasonal year-end slowdown, and some buyers holding out for Q1 2026 projects.

They expect pricing, improving interest rate conditions, and the project’s proximity to nature areas, schools, and Beauty World amenities to support steady sales ahead.

Across the research houses, the common view is that underlying demand remains resilient despite macro uncertainty. Low unemployment, stable household incomes, and lower interest rates since late 2024 are seen as key supports.

Several firms also highlighted relative value in the CCR, where price growth has lagged other regions, although they caution that clustered launches and holiday periods are likely to produce short-term pauses in activity.