Singapore new home sales hit lowest levels since Q2 2025

Only 2,013 units were sold in Q1 2026.

Singapore's new home sales declined for a second consecutive quarter in Q1 2026 as fewer projects were launched, although buyer demand remained resilient, according to Savills.

New home sales fell 31.5% quarter-on-quarter to 2,013 units, following a 10.6% decline in the previous quarter. Sales were also down 40.4% year-on-year and represented the lowest quarterly tally since Q2 2025, when 1,212 units were sold.

Despite the slowdown, Savills noted that the take-up rate, measured as new sales relative to units launched, remained above 100%, underscoring continued strong demand for newly launched projects.

The Outside Central Region (OCR) was the only market segment to record quarterly growth, with sales rising 48.0% to 916 units from 619 units in Q4 2025, supported by a higher volume of launches. The OCR accounted for 45.5% of total new home sales during the quarter.

By comparison, sales in the Core Central Region (CCR) fell 10.3% quarter-on-quarter to 697 units, while the Rest of Central Region (RCR) recorded a 74.1% decline to 400 units. Savills said the RCR performance remained encouraging given that no new projects were launched in the segment during the quarter, highlighting sustained buyer interest.

Pinery Residences emerged as the best-selling project of the quarter, with 537 units sold during its launch quarter. Four of the five top-selling projects in Q1 2026 were developments launched during the quarter, with each recording more than 100 sales.

Among older projects, The Continuum stood out as the fifth best-selling development, selling 49 units during the quarter. The freehold project, launched in May 2023, has steadily gained momentum after a modest launch, with 719 of its 816 units sold by the end of Q1 2026, representing an 88.1% take-up rate.

According to Savills, the average selling price of units sold at The Continuum during the quarter was S$2,835 per sq ft, broadly comparable with Penrith and below Zyon Grand. The consultancy added that the project's improving performance may have benefited from spillover demand following the completion of nearby Tembusu Grand.

Savills said the sustained take-up rates across both new and existing projects indicate that homebuyer demand remains healthy despite a moderation in launch activity.