Unsold inventory accounts for over half of Singapore’s residential pipeline

The current pipeline is 35,364 units.

According to a Savills report, at the end of Q1/2025, Singapore’s pipeline supply of residential properties (excluding executive condominiums (ECs)) that have obtained planning approvals inched up marginally by 0.2% QoQ to 35,364 units, after three consecutive quarters of decrease.

Out of which, 18,125 units were unsold, accounting for 51.3% of the supply pipeline.

Here’s more from Savills:

The unsold inventory has been declining for three consecutive quarters, with the largest contraction of 6.6% in Q1/2025. This was much larger than the 3.0% and 2.7% decrease in Q3/2024 and Q4/2024 respectively. The continual decline in unsold stock may be due to the higher sales in the primary market, as home buyers were motivated by the falling interest rates.

In the quarters to come, there will be a handful of projects that are slated to launch in CCR, and most of which are relatively large-scale. These include River Green (525 units), Promenade Peak (596 units), Marina View Residences (683 units) and residential/service apartment development at Zion Road (approximately 706 residential units).

The largest of the upcoming launches islandwide will be One Marina Gardens, which potentially could yield 937 units. As the tariff wars add a level of uncertainty to the economic environment, homebuyers may exercise cautiousness and adopt a wait-and-see approach before committing to their home purchases. This may bring about some slowing down to the new sales going forward.