December 2025 Monthly Developer Sales Report: Softer Performance Amid Seasonal Slowdown

SINGAPORE, 15 January 2026 - “December 2025’s monthly developer sales report 197 new private homes (excluding ECs), reflecting an 39.4% month-on-month (m-o-m) decrease in transaction volume. The fall in new home sales was primarily due to the absence of new launches during the month, compared with November and October, which recorded one and four new launches respectively.

Additionally, December usually sees a seasonal lull in transactions as buyers tend to pause during the year-end holiday period, with many deferring major purchase decisions to the new year when fresh supply enters the market.

In total, 4Q 2025 saw a combined total of 2,946 new homes sold, making it the third-strongest quarter of the year. This brought full-year new home sales to 10,951 units, the highest annual tally since 2021, reflecting resilient underlying demand.

Meanwhile, the Executive Condominium (EC) market saw a strong performance with 37 units sold, the highest monthly tally in the quarter. Otto Place accounted for 28 of these transactions, making up 75.7% of total new EC sales for the month.

Following EC sales this month, there is currently no remaining EC stock in the market, and aspiring buyers will now have to look towards the next EC launches in 2026, namely Coastal Cabana and Rivelle Tampines. Thus, these two EC launches are expected to attract strong demand amid limited new EC supply.”

Table 1: Top performing new non-landed projects (excluding ECs) in December

The Continuum Continues to Sell Amid Low D15 New Home Stock

“Among the top performers were The Continuum (FH), which sold 31 units over the month. Transactions were recorded at a median price of $2,498 psf, lower than both its November median of $2,567 psf, and the overall RCR median of $2,613 psf in December.

This relative value proposition likely drew buyers to The Continuum, offering a rare opportunity to secure a freehold home within a large-scale development in District 15 at prices below the RCR median. Demand was further supported by tight new-home supply in the area, with only 417 units remaining and no upcoming launches currently slated for this highly sought-after RCR district.”

D21 Homes Draw Interest Ahead of 2026, Expecting Low RCR Supply

“Despite the tepid demand for new homes, December still saw notable activity in District 21, particularly at Nava Grove (15), Pinetree Hill (8), The Sen (5), and 8@BT (5).

Located on the fringe of Bukit Timah, District 21 is an RCR area known for its quaint private estates, proximity to amenities in the Bukit Timah and Holland enclaves, as well as access to reputable schools, qualities that continue to appeal to owner-occupiers.

Most of these projects saw median prices hovering around the broader RCR median of $2,613 psf, with The Sen standing out as a value option at $2,341 psf.

Collectively, these developments present compelling value propositions for buyers seeking new homes in the RCR, particularly ahead of future launches that are likely to set higher benchmark prices. With only four RCR launches expected next year, activity in the segment could remain healthy as buyers move to secure units at current price levels ahead of potential upward adjustments.”

Buyer Profile and Luxury Homes

“Singaporeans continued to dominate the market in December, accounting for 88.1% of new private home sales (excluding ECs), or 208 units.

The month also saw one ultra-luxury transaction above $20 million, made by a foreign buyer at 21 Anderson. The 4-bedroom, 4,488 sq ft unit was sold for $23.3 million. As a freehold development offering large-format homes in a prime CCR location, the project appeals to buyers seeking long-term own-stay residences and legacy assets.

While luxury transactions typically centre on CCR properties, December also recorded two high-value deals in the RCR segment — a 5-bedroom, 2,530 sq ft unit at The Reserve Residences and a 4-bedroom, 1,518 sq ft unit at Union Square Residences.

Despite their RCR classification, these projects benefit from prime, city-fringe locations in Bukit Timah and Tanjong Pagar respectively. Such attributes suggest that large-format homes in these developments could increasingly be perceived and transacted as luxury residences in the future.”

Closing Comments

“2025 was a strong year for Singapore’s private residential market, underpinned by resilient demand, steady economic conditions and renewed confidence as global risks eased. Attention now turns to how much of this momentum can be carried into 2026.

Buyers can look forward to a pipeline of 18 private residential projects and 5 EC launches slated for the year. While this is fewer than 2025, which saw 24 private developments and 2 EC launches, demand is expected to remain robust, with buyers ready to hit the ground running as fresh supply enters the market. Barring any unforeseen circumstances, ERA Singapore projects new home sales to be between 9,000 and 10,000 units.”

For media enquiries, please contact:

Lisha Rodney

Public Relations Manager, ERA Singapore

Email: Lisha.Rodney@era.com.sg

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