Singapore developers sold 447 new private homes in May 2026, excluding executive condominiums, marking a 71% drop from the 1,548 units sold in April 2026 [1, 2]. The Urban Redevelopment Authority released the data on June 15 [1, 2].

The sharp decline was partly due to a slowdown in new project launches. Only one project, Hudson Place Residences, was launched in May with 327 units, of which about 209 units (64%) were sold, according to Mark Yip, CEO of Huttons Asia, who said the median price was S$2,465 per square foot [3, 4]. Approximately 80% of sold units at Hudson Place were priced below S$2.5 million [4].

Developers launched just 357 new units in May, down sharply from 1,426 in April [1, 3]. Wong Siew Ying, head of content and research at PropNex, explained the sales slowdown was mainly due to the quieter launch calendar: “Only Hudson Place Residences was launched during the month” [4].

Sales across regions showed the Rest of Central Region (RCR) led with 334 units sold, Outside Central Region (OCR) had 91 units, and the Core Central Region (CCR) accounted for 22 units [1]. Including executive condominiums, total sales in May reached 493 units, with no new EC projects launched [1, 3].

Despite the drop month-on-month, May 2026 sales were about 43% higher than the 312 units sold in May 2025, signaling underlying demand remained firm [1, 4]. Developers have sold about 4,008 new homes from January to May 2026 [4].

Industry experts attributed the sales slump to supply factors rather than market weakness amid geopolitical volatility. Leonard Tay, head of research at Knight Frank Singapore, noted that “the volume of new project launches remains the key driver of monthly sales performance, with the supply of fresh units having a greater influence on buyer demand than broader geopolitical uncertainties” [4]. Tricia Song, head of research for CBRE Singapore and Southeast Asia, added that “home buying appetite has remained resilient despite heightened volatility and economic uncertainty amid low mortgage rates and a decent pipeline of attractive new launches” [4].

Sales are expected to rebound after the June school holidays with the launch of new projects Lentor Garden Residences and Dunearn House scheduled for July 2026 [4].