Singapore new home sales hit 9-month high in August

Over 2,100 private homes were sold during the month.

According to PropNex, Singapore developers’ sales surged to a 9-month high in August, powered by strong demand at several new launches during the month. There were 2,142 new private homes (ex. executive condominiums) sold, with sales from five new project launches accounting for 88% of the month’s transactions.

“New home sales in August were up by 128% month-on-month from the 940 units shifted in July, while transactions rose by more than 10 times when compared with the 211 new units sold in August 2024,” the report added.

Moreover, PropNex revealed August saw five new non-landed private residential projects put on the market, namely River Green, Promenade Peak, Canberra Crescent Residences, Springleaf Residence, and Artisan 8 which collectively sold 1,894 units. Meanwhile, in the EC segment, the booking of units at Otto Place EC was opened to more second-timer buyers in August, a month after the EC project was launched.  

According to URA’s data, developers launched 2,496 new units (ex. EC) for sale in August, significantly higher than the 1,675 units launched in July.