Private home sales could face June lull after slower launches in May

New launches in July are expected to lift sales after a quieter period.

Private home sales are expected to remain muted in June as no major launches are lined up during the school holiday period, according to PropNex.

The forecast comes after developers sold 447 new private homes in May, excluding executive condominiums, down 71.1% from 1,548 units in April. The figure was the lowest since February, when 246 units were sold.

Only one new project was launched in May, the 327-unit Hudson Place Residences in Media Circle. Developers placed 357 new units for sale during the month, compared with 1,426 units in April.

Wong Siew Ying, head of research and content at PropNex, said May’s slower sales were due to a quieter launch calendar and did not indicate weaker demand.

“Developers’ sales are expected to pick up in July, where a couple of new projects — Lentor Gardens Residences and Dunearn House — are anticipated to be launched,” she said.

“That said, new private home sales in the second quarter of 2026 overall could still come in slightly higher than the 2,013 units transacted in the first quarter, riding largely on the robust take-up in April,” Wong added.

Sales were still 43.3% higher than the 312 units transacted in May 2025. This brought new private home sales in the first five months of 2026 to 4,008 units.

The Rest of Central Region led sales with 334 units sold, supported mainly by Hudson Place Residences. The project sold 209 units at a median price of $2,465 psf, making it the month’s top-selling project.

About 80% of units sold at Hudson Place Residences were transacted below $2.5m, based on URA Realis data cited by PropNex.

In the Outside Central Region, developers sold 91 new homes, down 93.3% from 1,358 units in April, when Tengah Garden Residences and Vela Bay supported sales.

New home sales in the Core Central Region also fell to a five-month low, with 22 units sold in May.

Newport Residences recorded the highest Core Central Region sales, with six units sold at a median price of $3,150 psf.

In the executive condominium segment, developers sold 46 units in May, down 54% from 101 units in April. Coastal Cabana EC in Pasir Ris was the top-selling project, with 29 units sold at a median price of $1,827 psf.

There were 155 unsold new executive condominium units on the market as of the end of May, PropNex said.

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