Singapore private home sales hit six-month low in June

Sales declined by 12.8% to 272 units compared to the prior month.

According to PropNex, Singapore developers’ sales were tepid in June, as limited new launches during the school holiday period weighed on the transaction volume. There were 272 new private homes (ex. executive condominiums) sold in the month, marking a 12.8% decline from 312 units shifted in May 2025.

“This is also the slowest monthly sales in six months, since 203 new units were transacted in December 2024. On a year-on-year basis, sales were up by 19.3% from June 2024,” the analyst said.

Here’s more from PropNex:

Only two fresh projects hit the market in June, being the 107-unit Arina East Residences which held a private placement exercise and the launch of the 105-unit Amber House. Both projects are located in District 15 in the Rest of Central Region (RCR) and have a freehold land tenure. In June, developers launched 187 new units (ex. EC) for sale – up significantly from the 20 units launched in May.

For the third straight month, the RCR led monthly new home sales. Developers sold 189 new units in the RCR in June, down slightly from the 191 units transacted in the previous month. RCR projects dominated the list of best sellers in June, including One Marina Gardens which moved 49 units at a median price of $2,962 psf, and Bloomsbury Residences which sold 30 units at a median price of $2,516 psf. Meanwhile, fresh projects that came onstream in June, Arina East Residences transacted nine units at a median price of $2,982 psf, and Amber House sold 17 units at a median price of $2,977 psf.

Developers shifted 69 new units (ex. EC) in the Outside Central Region (OCR) in June, representing a 34.9% fall from the 106 units sold in May. This is the lowest OCR monthly new home sales in over a year (16 months), since 58 units were sold in February 2024. Hillock Green was the top-seller in June, moving 12 units at a median price of $2,311 psf. Based on URA’s data, the six new projects in Lentor Hills estate have collectively sold 2,845 out of the total 2,954 units available (or 96.3%) as at the end of June.

Over in the Core Central Region (CCR), there were 14 new units sold – the lowest monthly CCR new home sales since 13 units were sold in January 2009. The CCR projects that clocked the highest sales in June was Hill House, which sold three units at a median price of $3,249 psf. The four priciest homes sold in June are in the CCR: a 55th-floor unit at Skywaters Residences fetched $30.87 million ($5,841 psf); two units at 32 Gilstead were sold for $15 million each ($3,555 psf / $3,592 psf); and a unit on the 39th floor at Aurea that was transacted for $12 million ($3,691 psf). According to caveats lodged, the units at Skywaters Residences and 32 Gilstead were bought by Singapore PRs, while the unit at Aurea was purchased by a Singaporean buyer.

In the EC segment, developers sold 33 new units in June, rising by about 37.5% from the 24 units transacted in May. Aurelle of Tampines EC was the most popular project during the month, shifting 15 units at a median price of $1,813 psf. With the healthy demand for ECs and the steady paring down of unsold stock, there were only 18 units of new unsold ECs as at end-June, as per URA’s data. This could pave the way for a strong reception at the upcoming EC launch, Otto Place in Plantation Close which will offer 600 new EC units.