These were the key drivers of Singapore’s stellar home sales in August

The mass-market homes segment led sales during the month.

The key highlights of Singapore’s primary market sales in August included the marked improvement in demand in the Core Central Region (CCR), as well as the robust buying interest in the Outside Central Region (OCR), according to a report from PropNex.

In particular, the OCR or mass-market homes segment led sales in August, with developers shifting 1,153 new homes (ex. EC). This is a sharp increase from the 70 units (ex. EC) transacted in July, where there were no major OCR project launches.

Here’s more from PropNex:

The top-seller in OCR, and also overall in August was Springleaf Residence in Upper Thomson Road which moved 884 out of its 941 units (94%) at a median price of $2,166 psf. It is followed by another new launch, the 376-unit Canberra Crescent Residences which sold 211 units (56%) at a median price of $1,991 psf in August.

Over in the CCR, developers’ sales rose to 513 units in August, marking the highest monthly sales in over 4 years, since 546 units were transacted in March 2021 (helped by the sales at Midtown Modern then). August’s CCR new home sales were about 44% higher than the 357 units shifted in July – collectively paving the way for what will be stellar quarter of sales in the CCR in Q3 2025.

The best-selling CCR projects during the month includes River Green which sold 451 units at a median price of $3,111 psf, and UpperHouse at Orchard Boulevard where 22 units changed hands at a median price of $3,353 psf. As at end-August, River Green and UpperHouse at Orchard Boulevard have sold 86% and 66% of their total units, respectively. Meanwhile, the two priciest units sold in August are at freehold project, 21 Anderson which fetched $52.25 million, and the other $21.06 million.

In the Rest of Central Region (RCR), developers moved 476 new homes in August - down by 7% from 513 units sold in the previous month. RCR sales were mainly driven by new launch, Promenade Peak which transacted 333 units (56% of 596 units) at a median price of $2,919 psf. Bloomsbury Residences and the freehold development Artisan 8 also contributed to RCR sales, with 25 and 15 transactions, respectively.

Market activity in the RCR is expected to gather strength in the fourth quarter as fresh launches come on - these include The Sen, Zyon Grand, and Penrith in Margaret Drive which will offer over 1,500 new units across three projects in total.

In the EC segment, developers moved 196 new EC units in August - down by about 47% from the 371 units sold in July, when Otto Place EC was launched. In August, Otto Place EC once again topped new EC transactions, with 191 units sold at a median price of $1,760 psf when sales booking opened to more second-timer buyers. The 600-unit Otto Place, the latest EC launch was 90% sold as at the end of August.

Overall, there were only 73 units of unsold new ECs on the market, according to URA’s data. The tight unsold supply bodes well for upcoming EC launches, Coastal Cabana EC in Jalan Loyang Besar and the EC project in Tampines Street 95 which may potentially hit the market in Q1 2026.