Developers’ sales in June hit the lowest since February 2024 amid a dearth of new launches sales expected to rebound in July
Developers’ sales in June were the lowest in more than two years, as a lack of new launches and quiet market activity typical of the school holiday period weighed o
transactions There were 156 new private homes (ex EC) sold during the month the lowest since February 2024 where 153 units were transacted.
Private new home sales in May fell to a three month low amid limited new launches
Developers’ sales fell to a three month low in May 2026 owing to limited new launches in the month There were 447 new homes (ex ECs) transacted in May, marking a sharp 71 1 decline from the 1 548 new units sold in the previous month. This is the lowest monthly new home sales tally since 246 units (ex EC) changed hands in February 2026
Developers’ sales rose to a 6 month high in April 2026 on brisk sales at two mass market project launches
Sales of new private homes surged to a six month high in April 2026 as two mass market new launches supercharged sales Developers sold 1 548 new homes (ex EC) during the month, marking a 19 increase from the 1 300 units transacted in March It is also the highest monthly sales since 2 424 units (ex EC) were sold in October 2025.
Shophouse market activity remained relatively subdued in Q2 2026, with transaction volume staying muted amid persistent market uncertainties and a pricing mismatch between buyers and sellers. Nevertheless, total transaction value rebounded during the quarter, lifted
by several high-value deals that boosted the overall sales value. In a nutshell, there was value recovery without a volume recovery.
Flash estimates released by the Housing and Development Board (HDB) showed that prices of resale flats slipped for the second consecutive quarter in Q2 2026, even as million-dollar HDB resale transactions hit
a record high in the quarter. This suggests an increasing bifurcation in the HDB resale market between desirable units in prime locations and typical resale flats.
The office property market remained resilient in Q1 2026, supported by tightening vacancies and stable rentals. Meanwhile, the office price index snapped a five-quarter streak of decline, amid a supply squeeze and renewed investment interest. Notable deals done in the quarter included 78 Shenton Way, and 158 Cecil Street. However, the strata office market saw muted sales with fewer caveated transactions.
Million-dollar HDB resale transactions, once rare enough to make headlines, have become an increasingly familiar feature of the resale market landscape. In this report, PropNex Research examined the profile of buyers behind some of these transactions and what the findings reveal about the demand dynamics at the top-end of the public housing resale market.
The positive momentum that emerged in the landed housing market during the second half of 2025 appears to have tapered somewhat in the first half of 2026, as transaction volume softened amid heightened uncertainties arising from the Middle East conflict that began on 28 February 2026.
Overall, 869 landed home transactions worth a combined $5.4 billion were recorded in 1H 2026 (up to 7 June), compared with 1,009 transactions valued at $5.78 billion in 1H 2025. Sales were also down from the 1,139 landed homes (valued at a combined $6.95 billion) transacted in 2H 2025.
After a cautious first half marked by heightened market uncertainties, buyer sentiment in the landed homes segment showed signs of recovery towards the end of 2025. The stabilisation of market conditions, coupled with easing mortgage rates have underpinned renewed confidence among high-net-worth buyers for landed homes. Read this report for insights of how the GCB and Prestige landed market performed in the second half of the year as well as PropNex’s forecast for 2026!
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Monthly Report (June)
Monthly Report (May)
Monthly Report (Apr 2026)
