New Private Home Sales in August 2025 Surpass 2,100 Units – Highest Monthly Tally Since 2007
August Surge
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Developers sold 2,142 new private homes in August 2025 (excluding ECs), more than 10x compared to the same month last year.
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This is the highest August figure since records began in 2007.
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Sales also more than doubled from July’s 940 units.
2025 YTD Totals
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7,669 units sold in the first eight months, already surpassing full-year totals for the last three years.
Key Projects That Drove Sales
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Canberra Crescent Residences and Springleaf Residence (suburban): Over 1,000 units sold combined, priced from S$1,851 psf.
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River Green (Core Central Region): 451 units sold at median S$3,111 psf.
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Promenade Peak (RCR): 333 units sold at median S$2,919 psf.
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Artisan 8 (RCR): 15 units sold at median S$2,386 psf.
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These 5 new projects launched 2,471 units, of which 1,894 units were sold.
Market Drivers
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Lower interest rates, better-than-expected economic performance, and buyer urgency ahead of the Hungry Ghost Festival contributed to the spike.
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About 76% of sales were below S$2.5 million, reflecting healthy mid-tier demand.
Buyer Profile
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Locals made up 90.6% of buyers, driven by owner-occupiers and landlords leasing to expats.
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PRs: 8%, foreigners: 1.4% (30 units).
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New citizens and PRs continue to support demand due to Singapore’s stability.
Luxury Market
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22 non-landed homes sold between S$5M–S$10M, slightly below July’s 28 units.
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Two ultra-luxury transactions (S$10M+) recorded.
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Top deal: A unit at 21 Anderson sold for S$52.25M (S$4,999 psf).
Outlook
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Analysts expect private home sales to hit the upper end of the 7,000–9,000 forecast, possibly even exceed 9,000.
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Prices may climb 3–4% for the full year, driven by limited supply and strong demand.
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Key upcoming launches to watch:
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Zyon Grand (706 units, includes serviced apartments)
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Penrith (462 units at Margaret Drive)
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Skye at Holland (666 units in Holland Village)
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