Singapore new home sales set to slow after August surge

Meanwhile, a packed pipeline of new projects is expected to lift activity from October through year-end.

New private-home sales are expected to slow in September following a spike in August, with analysts forecasting a strong rebound in the final quarter of the year.

According to Knight Frank Singapore, Huttons, and OrangeTee-Realion, the quieter September is due to a pause in launches during the Lunar Seventh Month, whilst a packed pipeline of new projects is expected to lift activity from October through year-end.

Knight Frank estimates that 7,669 new private homes (excluding executive condominiums) were sold between January and August 2025. The firm expects full-year sales to reach or slightly exceed the top of its 7,000–9,000 unit forecast range, with most new launches scheduled for October and November.

Huttons projects September sales will fall to around 200–250 units, before rising again as developments such as Faber Residence, Penrith, Skye at Holland, The Sen, and Zyon Grand enter the market.

August’s strong performance was driven by five major project launches ahead of the Seventh Month, pushing new private-home sales up 127.9% MoM to 2,142 units, according to the latest URA data.

Knight Frank called it a “burst of homebuyer activity” tied to launch timing, whilst OrangeTee-Realion said it marked the strongest August since official records began in 2007, and the second consecutive monthly increase in sales.

Huttons noted 2,496 units were launched in August, the highest monthly figure since January 2021. The five new projects contributed 2,471 units, with take-up rates supported by competitive pricing, strategic locations, lower interest rates, and improving economic sentiment.

Leading the month’s sales was Springleaf Residence, which moved 884 out of 941 units (94%) at a median price of $2,166 psf, according to Knight Frank.

River Green (Core Central Region) sold 451 units (86%), while Promenade Peak (Rest of Central Region) saw 333 units (56%) sold. The Outside Central Region accounted for the majority of activity, with 1,153 transactions, including 211 units at Canberra Crescent Residences.

Buyer demographics remained stable, with Huttons reporting that Singaporeans made up 90.6% of buyers, followed by Permanent Residents (8.0%) and foreigners (1.4%).

Foreign buyers completed 30 transactions, with River Green attracting the highest foreign interest. The data also recorded two non-landed sales exceeding $10m, both at 21 Anderson.