New-home sales rebound 6.4% in Q2 despite fewer launches

Buyers snapped up 2,141 new homes, led by strong demand in the OCR.

Singapore new-home sales rose 6.4% quarter on quarter (QoQ) to 2,141 units in the second quarter (Q2) despite a third consecutive decline in new launches, according to a Savills report.

This reversed a 31.5% QoQ decline in Q1, whilst sales were 76.7% higher than the 1,212 units recorded a year earlier.

Developers launched 1,783 private residential units during the period, down 3.3% but 17.3% higher year on year.

Savills said the quarterly launch volume was the lowest since Q2 2025, when 1,520 units were released.

The Outside Central Region accounted for most transactions, with new sales jumping 63.1% QoQ to 1,494 units, or 69.8% of total primary-market sales.

Sales in the Rest of Central Region climbed 44.3% to 577 units, whilst transactions in the Core Central Region (CCR) plummeted 90% to 70 units.

No new projects were launched in the CCR during the quarter, a first since Q1 2017.

Amongst projects launched during the period, Tengah Garden Residences sold 861 of its 863 units by the end of Q2. Vela Bay sold 371 of 515 units, whilst Hudson Place Residences sold 194 of 327 units.

Separately, secondary-market transactions grew 17.9% to 4,007 units, reversing two consecutive quarters of decline.

Savills said the rebound may have been partly supported by the relatively limited number of new launches, prompting some buyers to turn to the resale market.

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