Singapore Home Sales Hit Five-Month High as Buyers Shrug Off Cooling Measures

New private home sales in Singapore hit their highest level in five months in July, as buyers pounced on a trio of project launches and brushed aside fresh cooling measures.

Excluding the public-private hybrid executive condo segment, developers sold 940 new units last month, according to data released Friday by the Urban Redevelopment Authority. The reading marks a 63 percent rise from the 576 units sold in the same month last year and a more than three-fold increase from the 272 homes transacted in June.

Of the four projects hitting the market in July, three of them accounted for roughly 70 percent of the month’s sales: CapitaLand’s LyndenWoods, UOL Group’s UpperHouse at Orchard Boulevard and Frasers Property’s The Robertson Opus, local broker PropNex said in a release.

“The healthy sales in July reflects the steady underlying demand for new private homes, and it is driven by a favourable mix of easing home loan rates, ample liquidity in the market, low unemployment, and well-priced new launches,” said Wong Siew Ying, head of research and content at PropNex.

Science Park Sensation

Developers launched 1,675 new units (excluding ECs) for sale in July, up sharply from 103 new units made available in June, according to URA data.

New home sales were led by the city-fringe Rest of Central Region, which saw 513 units sold, including 331 at LyndenWoods alone. The 343-unit project, the first residential development in Singapore Science Park, achieved a take-up rate of 97 percent after its 12 July launch as units transacted at a median price of S$2,463 ($1,921) per square foot, PropNex said.

UpperHouse at Orchard Boulevard and The Robertson Opus sparked a comeback for the Core Central Region in July, making up 92 percent of the 357 CCR units sold — the highest monthly total for the region since 443 units were traded in April 2021.

The 301-unit UpperHouse shifted 178 units at a median price of S$3,259 per square foot, while the 348-unit Robertson Opus transacted 149 units at a median price of S$3,359 per square foot.

Less successful was July’s other new launch, IOI Properties’ 683-unit W Residences Marina View, where two homes sold at a median price of S$3,344 per square foot, PropNex said.

House Hunters Undeterred

Singapore house hunters remained unfazed by the 4 July cooling measures, which raised the holding period and magnitude of seller’s stamp duty, suggesting that most buyers view properties as a mid- to long-term investment, according to Huttons.

The property agency anticipates five project launches this month with a total of 2,472 units, including Artisan 8, Canberra Crescent Residences, Promenade Peak, River Green and Springleaf Residence.

Kheng Leong and Low Keng Huat’s Canberra Crescent Residences sold 150 units at launch, while Wing Tai Holdings’ River Green shifted 460 homes to make it the best-selling CCR project in the year to date.

“In total, sales in August 2025 are likely to be in the range of 1,800 to 2,000 units,” Huttons said.