Singapore new private home sales (excluding ECs) fizzled to just 325 units in November 2025—a massive drop from 2,424 units in October and 87% lower year-on-year. The slump came from only one new launch (347 units available) and the typical year-end holiday lull, with developers delaying projects to 2026.
Key Highlights
- Sales Figures: 325 units sold (ex-ECs); only 347 new units launched vs. over 2,200 in October.
- The Only Launch: The Sen (Upper Bukit Timah, 347 units) – sold 77 units at median $2,339 psf, attracted by amenities and upcoming Beauty World transformations.
- Year-to-Date: 10,592 units sold as of early December, on track for nearly 11,000 in 2025 – a strong year despite challenges.
- Market Factors: Year-end holidays slowed buying; declining interest rates since Sept 2024 supported overall resilience.
My Insights
November’s sharp decline in Singapore new private home sales is largely seasonal and supply-driven, not a sign of weakening demand—2025 is shaping up as one of the strongest years on record with ~11,000 units sold, backed by low unemployment, stable incomes, and falling rates. With limited launches and buyer fatigue after a busy year, expect subdued December sales too. However, pent-up demand should rebound in January 2026 with major projects like Narra Residences (540 units) and Coastal Cabana EC lined up, keeping the market resilient amid global uncertainties.
Source: The Straits Times (December 2025).
