Singapore’s new private home sales crashed to just 153 units in August 2026 — that’s a 79.1% plunge from July’s 731 units, and honestly, it’s as quiet as a hawker centre on CNY eve. The market has effectively hit the brakes hard, and this isn’t just a blip. It’s the lowest monthly tally since February 2024, when we also saw 153 units moved.
Singapore’s private home sales crashed 79.1% to just 153 units — the lowest since February 2024, as quiet as a hawker centre on CNY eve.
Year-to-date, developers have moved only 5,038 units, which is a whopping 34.3% drop compared to the same period in 2025. That’s like comparing a MRT crowd at 9am to one at 3am — same stations, completely different vibes. CBRE projects full‑year 2026 developer sales to be between 7,500‑8,500 new homes, suggesting a modest market recovery.
Why the sudden silence? Simple. There were barely any launches. Only 116 units hit the market in August, all from Union Square Residences in the Rest of Central Region. Compare that to July’s 889 units across multiple projects — it’s like night and day. No new stock in the Core Central Region or Outside Central Region either.
The launch-driven sales that usually pump life into the market? Gone. In July, launches contributed 523 transactions. In August? Zero. The few sales that did happen were existing stock — 143 units, which is still 31% lower than July’s non-launch sales.
Looking at the regions, the Core Central Region took the biggest hit with only 24 sales, down 89.8%. Dunearn House saved face there, moving 18 units.
The Rest of Central Region saw 72 sales, down 55.6%, with The Sen contributing 12. Outside Central Region? Just 57 sales, a brutal 82.9% plunge. Lentor Gardens Residences moved 15 units there — a drop in the ocean.
Buyers are still overwhelmingly local. Singaporeans accounted for 82.4% of new non-landed purchases; permanent residents 16.9%. Only one transaction involved a foreign buyer who was not a permanent resident—the lowest monthly number since 1995 (PropNex). This mirrors a broader trend, as the proportion of foreign buyers in the new private home market had already been declining, dropping from 7.1% in 2022 to 5% in 2023 following the increase in Additional Buyers Stamp Duty for foreigners.
Continued purchases from previously launched projects indicate demand not solely dependent on new launches. Affordability remains an important consideration influencing purchase decisions.
Price-wise, the sweet spot is getting clearer. 60.1% of units sold were below S$2.5 million, up from 58.5% in July. Units under S$1.5 million jumped from 2.8% to 5.4%, while those above S$5 million rose from 2.1% to 6.1% — weirdly, both ends of the spectrum are growing.
At Dunearn House, the median unit size shrank from 872 sq ft to 635 sq ft, which tells you developers are packing smaller units to meet price sensitivity.
The EC market isn’t any better. Only 18 units sold, down 33.3% from July. Coastal Cabana moved 12 of those. The unsold EC inventory sits at 157 units — nobody’s rushing to buy.
