Private home sales surge 67% in 2025 as locals defy high prices

Newport Residences hits $3,370 psf as "Next Gen" buyers flood 2026 launches.

Developers’ private home sales in Singapore slowed in December 2025 due to year-end holidays, but full-year data and early-2026 launches indicate resilient buyer demand, industry figures showed.

Developers sold 197 private homes in December, down 39.4% from November but similar to December 2024, according to Mark Yip, CEO of Huttons Asia.

Only 52 units were launched during the month, reflecting fewer year-end project launches.

For the full year, Huttons estimates developers sold 10,821 private homes in 2025 excluding executive condominiums, up 67.3% from 2024 and the highest since 2021.

Singaporeans accounted for 85.9% of buyers in December, whilst foreigners made up 1.4%, reflecting the continued impact of higher Additional Buyer’s Stamp Duty.

More than half of December transactions were priced between $2.5m and under $5m, marking the fifth straight month this price range dominated sales, Huttons said.

Early-2026 launches have drawn strong interest.

Newport Residences sold 140 of its 246 units, or 57%, during its launch weekend at an average price of $3,370 psf, excluding super penthouses, said Kelvin Fong, CEO of PropNex.

Buyer demand has varied by project type.

Narra Residences recorded steady take-up led by owner-occupiers, with 2- and 3-bedroom units accounting for most sales, said Justin Quek, Deputy Group CEO of Realion (OrangeTee & ETC) Group.

In contrast, Newport Residences attracted mainly investors and buyers purchasing homes for their children, particularly for smaller units, he added.

Looking ahead, Huttons projects up to 27 private residential launches in 2026, with transaction volumes estimated at 8,000 to 10,000 units and prices expected to rise between 2% and 5%, barring unforeseen circumstances.

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Huttons Asia

PropNex

Realion Group

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