Singapore New Home Sales Rebound in September to 296 Units
Private property transactions in Singapore almost doubled from August, with a 16.1 per cent year-on-year increase, despite a significant quarterly drop in Q3 2026.
September Sales Rebound
Singapore's Urban Redevelopment Authority (URA) reported a sharp increase in new private home sales for September, with 296 units sold. This figure represents a substantial rise from the 153 units transacted in August and marks a 16.1 per cent improvement over the 255 units sold in September 2025.
Developers also stepped up new launches, releasing 158 units in September, excluding executive condominiums (ECs), compared to 116 units in August. This September launch volume was nearly eight times the 20 units introduced in the same month last year. The URA noted that including ECs, total sales reached 319 units in September, up from 171 in August.
Quarterly Decline and Regional Breakdown
Despite the monthly rebound, Singapore's private home sales experienced a notable decline in the third quarter of 2026. Nicholas Mak, chief research officer at Mogul.sg, stated that sales fell 44.9 per cent to 1,180 units in Q3, down from 2,141 units in Q2. This marks the steepest third-quarter decrease in 13 years, even accounting for the Hungry Ghost Festival period.
Regionally, the Rest of Central Region (RCR) led September sales with 131 units, or 44.3 per cent of the total, followed by the Outside Central Region (OCR) with 125 units (42.2 per cent). The Core Central Region (CCR) recorded 40 units, representing 13.5 per cent of sales.
Shifting Buyer Preferences and High-Value Deals
Buyer preferences shifted towards higher price points in September. Units priced below S$2.5 million accounted for 38.8 per cent of new non-landed private home sales, a drop from 60.3 per cent in August, according to Marcus Chu, chief executive of ERA Singapore, citing URA caveat data.
Conversely, sales of homes between S$2.5 million and S$3 million increased to 23.1 per cent from 13.5 per cent. The month's most expensive new non-landed private transaction was a 2,088 sq ft unit at Skywaters Residences, purchased by a Singaporean buyer for S$11.48 million, or S$5,498 per square foot (psf).
Landed homes also saw increased activity, with 19 units sold, the highest monthly volume since April 2018, Mark Yip, CEO of Huttons Asia, reported.
The full-year forecast for new private home sales has been adjusted downwards. Leonard Tay, head of research at Knight Frank Singapore, now expects sales to range between 6,500 and 7,500 units, below the earlier projection of 8,000 to 10,000 units. This revision reflects fewer launches in Q3 and more selective homebuyers.
While Singapore's private residential market showed resilience in the first half of 2026, supported by strong household balance sheets, the outlook became hazier in Q3. Tay attributed this to concerns over rising borrowing costs following the US Federal Reserve's latest interest rate hike.
Developers are preparing for more launches in the fourth quarter, including the 1,268-unit Thomson Reserve and The Serra Residences, which will shape future sales activity.
This article is journalism, not investment advice; consult a licensed professional before making financial decisions. Market data is indicative, may be delayed, and should be verified with your broker or exchange before use.
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