In the absence of new launches amid the 7th lunar month lull, developer sales in August sank to the lowest monthly level in over two years.
— In the absence of new launches amid the 7th lunar month lull, developer sales in August sank to the lowest monthly level in over two years. 153 new private homes were sold, down 79.1% m-o-m from the 731 units in Jul 2026 and matching the low of 153 units sold in Feb 2024.
August sales take the tally of new sales in the first eight months of 2026 to 5,038 units, 34.3% below the 7,669 units sold over the same period in 2025. The slower momentum this year has been a function of fewer launches and higher price points. The next few new launches will test the resilience of new home demand amid heightened economic uncertainty from the ongoing Middle East conflict against a still favourable backdrop of low mortgage rates and healthy labour market.
Top 10 Best-selling Projects in Aug 2026 (including ECs and landed) Source: CBRE Research, URA
There were no new launches in August amid the 7th Lunar month lull which ran from 13 Aug to 10 Sep 2026. As such, the top 10 performing projects were all existing launches, including 2 EC developments.
The top seller of the month was Dunearn House which just launched in July. 18 more units were sold at a median price of $3,008 psf, bringing the project’s overall take-up to 60%.
Second best-selling project of the month was Lentor Gardens Residence which also launched in July. 15 more units changed hands at a median price of $2,367 psf and the project was 57% sold as of August.
In third place was The Sen which sold 12 more units at a median price of $2,305 psf, bringing cumulative sales to 155 units or 45% sold. The project was launched in Nov 2025.
By market segment, Aug 2026’s developer sales (excluding ECs) were led by the Rest of Central Region (RCR), accounting for 72 units or 47% of total August sales, compared to 162 units (22%) in Jul 2026.
- The Outside Central Region (OCR) moved 57 units or 37% of total August sales after 334 units (46%) in Jul 2026.
- The Core Central Region (CCR) moved 24 units (16% of total August sales), down from 235 units (32%) in July.
New Home Sales (excl. ECs) by quantum
Source: CBRE Research, URA
Based on Realis new sales (excl. EC) caveats extracted on 15 Aug 2026.
Based on quantum size, the largest proportion of new private homes sold (excl. ECs) at 28% was in the S$1.50 – 2.00 mil range as buyers scooped up 1 and 2-bedders from existing projects such as Dunearn House, Union Square Residences and Hudson Place Residences.
The $2.00 – 2.50 mil range was second at 23%, followed by the $3.00 – 5.00 mil bracket at 22%.
Outlook and forecasts
August sales take the tally of new sales in the first eight months of 2026 to 5,038 units, 34.3% below the 7,669 units sold over the same period in 2025. The slower momentum this year has been a function of fewer launches and higher price points, coupled with a normalisation in demand after new sales posted a 4-year high in 2025.
Sales momentum could pick up more significantly in the months ahead alongside highly-anticipated major launches such as 1,268-unit Thomson Reserve, 570-unit Lucerne Grand at Lakeside, and 230-unit Amberwood at Holland targeted to launch in September to November 2026.
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.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm and a premier provider of critical infrastructure services. The company has more than 155,000 employees serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, critical infrastructure); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.
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