Wah, you know July just did something Singapore’s property market hasn’t seen since records began in 2007? 731 new private homes moved off the shelf. That’s a five-fold jump from June’s measly 156 units. Sounds like a party, right? But hold your horses, uncle. Compared to last July’s 940 units, we’re actually down 22.2%. So don’t go thinking the market’s on fire. It’s more like one very crowded hawker stall while the rest of the food court sits empty. Over the first seven months of 2026, new home sales totalled 4,885 units, down 11.6% from 5,527 units in the same period last year.
731 units in July looks like a boom, but it’s really one crowded hawker stall in an empty food court.
Here’s the real story: two projects did almost all the heavy lifting. Lentor Gardens Residences sold 270 units. Dunearn House sold 212. Together, that’s 65.9% of everything sold that month, excluding ECs. And get this—these two launches made up 83.3% of all 889 units launched in July. Everything else, like Duet @ Emily and The Bronze, was just fighting over table scraps.
Pricing tells its own tale. Lentor Gardens went for S$2,350 psf, with units from S$1.4M to S$1.9M. Dunearn House, being in a more central spot, commanded S$3,140 psf, stretching up to S$3.588M for a 4-bedder.
Three-bedroom units flew off the shelf at Lentor—42% of all sales there. Dunearn’s three-bedders? Completely sold out. Like queuing for chicken rice during lunch rush—gone before you blink.
Regionally, OCR led with 334 units, RCR had 162 (helped by leftover stock like Union Square Residences), and CCR pulled in 235 despite fewer launches.
Buyers were overwhelmingly local—87.6% Singaporean, 10.7% PRs. Foreigners? Just 1.6%, though one of them dropped S$17.3M on a Skywaters Residences unit. Someone also paid S$14.1M for a semi-D at Hillcrest Road. Money’s still moving, just quietly.
August will likely go quiet—Hungry Ghost Festival tends to freeze big purchases, like an MRT platform gone silent after the last train. But developers are gearing up: Lucerne Grand, Thomson Reserve, The Serra Residences are all coming post-festival. Chuan Grove and Holland Link are also expected to join the lineup of anticipated launches supporting a broader recovery in sales volumes. Analysts note that global trade war impacts on Singapore’s economy remain a factor worth watching, as prolonged uncertainty could temper buyer sentiment heading into the final quarter. CBRE still expects full-year sales between 7,500 and 8,500 units—well below 2025’s 10,815. The tap isn’t dry, but it’s definitely trickling slower.
