Commentary on Monthly New Home Sales for July 2026

By Tricia Song (宋明蔚), Head of Research, Singapore and Southeast Asia, CBRE

With the resumption of launches, July’s developer sales normalised from the two-year low in June. 731 new private homes were sold, up 368.8% m-o-m from the 156 units in June 2026, but down 22.2% y-o-y from the 940 units in July 2025, on two new major launches – 499-unit Lentor Gardens Residences and 380-unit Dunearn House. 

July sales take the tally of new sales in the first seven months in 2026 to 4,885 units, 11.6% below the 5,527 units sold over the same period in 2025. The slower momentum this year is a function of fewer launches and higher price points this year. Overall homebuying sentiment appears to be resilient, despite heightened volatility and economic uncertainty from the ongoing Middle East conflict amid low mortgage rates and strong GDP growth. 

Top 10 Best-selling Projects in Jun 2026 (including ECs and landed)

Project Name	Street Name	Tenure	Locality	Units Sold in the Month	Median Price ($psf) in the Month	% of project sold to date
Lentor Gardens Residences	Lentor Gardens	99 yrs	OCR	270	2,357	54%
Dunearn House	Dunearn Road	99 yrs	CCR	212	3,111	56%
Union Square Residences	Havelock Road	99 yrs	RCR	34	2,798	58%
Hudson Place Residences	Media Circle	99 yrs	RCR	21	2,612	65%
Coastal Cabana	Jalan Loyang Besar	99 yrs	OCR	18	1,829	82%
One Marina Gardens	Marina Gardens Lane	99 yrs	RCR	18	3,033	70%
The Continuum	Thiam Siew Avenue	Freehold	RCR	16	2,791	98%
Grand Dunman	Dunman Road	99 yrs	RCR	11	2,515	91%
The Sen	Jalan Jurong Kechil	99 yrs	RCR	11	2,357	41%
Narra Residences	Dairy Farm Walk	99 yrs	OCR	10	2,185	37%

Source: CBRE Research, URA

New Launches in July 2026

Project Name	Street Name	Tenure	Locality	Total # of units	Units Launched in the Month	Units Sold in the Month	Median Price ($psf) in the Month	Units sold as % of launched
Lentor Gardens Residences	Lentor Gardens	99 yrs	OCR	499	499	270	2,357	54%
Dunearn House	Dunearn Road	99 yrs	CCR	380	250	212	3,111	85%
Duet @ Emily	2 Mount Emily Road	Freehold	CCR	20	20	2	2,559	10%
The Bronze	Boon Teck Road	Freehold	RCR	27	27	0	-	0%

Source: CBRE Research, URA

In July, there were 4 new launches – with the two major ones topping the best-selling chart. Two freehold boutique projects 20-unit Duet @ Emily and 27-unit The Bronze saw weak response. 

Top seller of the month is Lentor Gardens Residences, the seventh private residential project in the OCR Lentor precinct, developed by Kingsford Group. It sold 270 units (about 54%) over its opening weekend at a median price of S$2,357 psf.

Second best-selling project of the month is Dunearn House, the private residential project in the upcoming Bukit Timah Turf City masterplan, in CCR, launched and sold 212 units or 56% of total 380 units at a median price of $3,111 psf. 

In third place is Union Square Residences (366 units), sold 34 units at a median prices of $2,798 psf, to bring cumulative sales to 212 units or 58% sold. Launched in Nov 2024, Union Square Residences have seen sales pick up since March 2026 with more attractive prices offered, compared to the initial launch average price of $3,200 psf.  

Outlook and forecasts

July sales take the tally of new sales in the first seven months in 2026 to 4,885 units, 11.6% below the 5,527 units sold over the same period in 2025. The slower momentum this year is a function of fewer launches and higher price points this year. 

Overall homebuying sentiment appears to be resilient despite heightened volatility and economic uncertainty from the ongoing Middle East conflict amid low mortgage rates and strong GDP growth. Buyers can look forward to major new launches such as 1,268-unit Thomson Reserve, 570-unit Lucerne Grand at Lakeside, and 230-unit Amberwood at Holland in September to November 2026.  

Q2 2026 recorded 5.9% y-o-y GDP growth, easing from the restated 6.3% y-o-y in Q1 2026, but nonetheless still very robust for a mature economy. The government has raised 2026’s full year GDP growth forecast to 4.5-5.5%, from earlier 2-4%. 

Barring major economic shocks, CBRE Research projects that 7,500 – 8,500 new homes will be sold in 2026 given healthy household balance sheets, low unemployment rate, and low mortgage rates. This represents a moderation after above-trend sales of 10,815 units in 2025 and is slightly below the 5-year average (2021 – 2025) of 8,766 units.

Private home prices have risen 1.4% in H1 2026 and could grow at a similar pace in H2 2026. We maintain our private home prices to grow 2 – 4% in 2026.