Commentary on June 2026 Monthly Developer Sales

In June 2026, the new private home market saw a total of 156 units (excluding ECs) sold as developers held back on launches amid the seasonal June holidays. This marks a 65.1% month-on-month (m-o-m) decline in transaction volume.

In the EC segment, 28 new units were sold, marking a 39.1% decline on the month, as existing stock continues to deplete.

With no new major project launches over the month, June joins February as the only months this year without a new project launch. This also represents the weakest monthly developer sales performance in the past four months, down from the 447 units sold in May.

“The slowdown in developer sales was entirely expected. Developers held back on new projects during the June school holidays, which typically see an intermission before launch activity ramps up in the second half of the year,” said Marcus Chu, Chief Executive Officer, ERA Singapore.

“Developers launched no units in June, making it the leanest month for new home supply in 2026 so far. The previous low was recorded in February, when only 15 units were introduced amid the Chinese New Year lull.” 

Table 1: New private home (excluding ECs) launched and sold by developers in first half of 2026

Source: URA as of 15 July 2026, ERA Research and Market Intelligence

“In the first half of 2026, developers have sold around 4,164 new homes. This represents a 9.2% year-on-year (y-o-y) decline from the 4,587 units sold during the corresponding period last year. Weaker sales in 1H 2026 were accompanied by a sizeable decline in launch activity. Over the first six months of the year, developers launched a total of 3,627 new units, 22.2% fewer than the 4,659 units recorded in 1H 2025. However, given that new home sales fell by a smaller margin relative to fresh supply, this suggests that underlying demand remains resilient.”

“Based on early preview responses in July, a rebound in developer sales is already on the cards. Both Lentor Garden Residences and Dunearn House have seen strong turnouts ahead of their mid-July launches. With indicative prices starting from around $2,350 psf and $2,799 psf respectively, both projects are expected to attract healthy buyer interest.”

“Lentor Garden Residences enters a precinct that has consistently enjoyed strong buyer demand since its first launch in 2022. Meanwhile, Dunearn House offers buyers the first bite at owning a private home in the revitalised Bukit Timah Turf City estate.”

June Sales Driven by Existing Launches, RCR Projects Continue to Dominate

“With no new projects launched in June, buyers turned to existing developments, where activity was mainly driven by the RCR segment.

RCR projects accounted for 84 units, or 53.8% of June’s developer sales. This was followed by OCR projects, with 57 units (36.5%), and CCR projects, with 15 units (9.6%). All ten of June’s best-selling developments were also located in the RCR and OCR, which shows the strength of these market segments during the month.”

“Hudson Place Residences topped developer sales in June, with 12 units sold at a median price of $2,577 psf. Of these, eight units – about two-thirds – were transacted below $2.5 million, a pricing ‘sweet spot’ that has continued to appeal to owner-occupiers.

Also in the RCR, The Continuum and Union Square Residences each moved 11 units at median prices of $2,789 psf and $2,762 psf, respectively. Chuan Park, an OCR project, also posted a similarly strong showing, with 11 units sold at a median price of $2,631 psf in June.”

Table 2: New RCR private home (excluding ECs) launched and sold by developers in first half of 2026

Source: URA as of 15 July 2026, ERA Research and Market Intelligence

“New private home supply in the RCR has been especially limited this year, with just 377 units launched so far, excluding ECs. By comparison, developers released 2,259 units in 1H 2025 and 2,513 units in 2H 2025 within the region. This large supply gap could lend support to upcoming RCR launches, including Thomson Reserve and The Island Residence later this year.”

Lack of Fresh Launches Keeps EC Sales Tepid, Existing Stock Thins Further

“In June, developers sold 28 new EC units, a 39.1% m-o-m drop from the 46 units transacted in May. Coastal Cabana continued to lead EC sales for the second consecutive month, recording 21 transactions at a median price of $1,836 psf.

Rivelle Tampines moved six units at a median price of $1,947 psf, while Lumina Grand saw just one sale at $1,732 psf.”

“June’s performance marks the weakest monthly EC sales since February, when developers sold only 20 units amid shrinking stock.”

“A turnaround, however, could take place with the anticipated launch of Wynwood Grand in Woodlands in 4Q 2026. The project is likely to draw strong interest from second-timers, as it will be the first EC launch in the Woodlands planning area in almost a decade, following Northwave’s debut in 2016.

It is also one of the last five EC projects governed by the previous policy framework. This means that buyers will not be subject to the longer

10-year Minimum Occupation Period and can still tap the Deferred Payment Scheme.”

Luxury Home Market: Priciest Transactions Made at CCR Projects

“Non-landed private luxury home transactions (priced at $5 million and above) edged down from 12 to 10 units in June. Singapore Citizens accounted for half of these deals, with most purchases focused on large units in District 15, priced between $5 million and $6 million.

The priciest transaction was at Watten House, where a 5-bedroom unit measuring 2,368 sq ft changed hands for $7.75 million. A 4-bedroom unit of 2,055 sq ft was also sold for $7.18 million at Upperhouse at Orchard Boulevard, which likewise is in the CCR.” 

Closing Thoughts and Forecast

“The private property market faces a cloudier outlook ahead as it contends with a more uncertain external environment in 2H 2026.

Following the recent flare-up in the US-Iran conflict in July, homebuyers and industry players may turn more cautious amid a more fragile global economic outlook. Higher energy prices could also translate into firmer launch prices over time, as rising costs work their way through the construction supply chain.”

“However, several bright spots could continue to support homebuying sentiment. Continued economic growth, a tight labour market and low mortgage rates have underpinned buyer confidence so far in 2026, especially among those with genuine housing needs who remains willing to commit when they find the right property.

Against this backdrop, ERA expects new home sales to reach around 9,000 units by year-end, barring unforeseen circumstances.”