Developers sold just 156 new private homes in June, the quietest month in over two years. But the reason isn't weakening demand — it's an empty launch calendar. Here's the full picture, plus why July looks set to rebound hard.
Developers sold 156 new private homes (ex-EC) in June 2026 — the lowest monthly total since February 2024 — after launching zero new units for sale, a first since URA began tracking monthly data in June 2007.
Developers' sales in June 2026 were the lowest in more than two years, as a lack of new launches and the quieter market activity typical of the school holiday period weighed on transactions. According to PropNex Research, there were 156 new private homes (excluding Executive Condominiums) sold during the month — the lowest since February 2024, when 153 units were transacted. June's sales represented a 65.1% month-on-month decline from the 447 units sold in May 2026, and a 42.6% year-on-year drop from the 272 new units shifted in June 2025.
Notably, developers did not put up any new private homes for sale in June 2026 — marking the first time this has happened since URA began publishing monthly developers' home sales figures in June 2007. In May, developers had placed 357 new units (ex-EC) on the market.
The Rest of Central Region (RCR) led monthly home sales for a second consecutive month, with 84 new units sold in June — a 74.9% decline from the 334 units transacted in May, and the lowest monthly RCR sales since December 2024 (73 units). RCR projects dominated June's best-seller list as buyers continued picking up units from earlier-launched projects: Hudson Place Residences topped the list with 12 units at a median $2,577 psf, while The Continuum and Union Square Residences each moved 11 units, at $2,789 psf and $2,762 psf respectively.
| Region | Units Sold (Jun) | MoM Change | Top-Selling Project | Median PSF |
|---|---|---|---|---|
| RCR | 84 | -74.9% | Hudson Place Residences (12 units) | $2,577 |
| OCR | 57 | -37.4% | Chuan Park (11 units) | $2,631 |
| CCR | 15 | -31.8% | Newport Residences (4 units) | $3,056 |
| EC | 28 | -39.1% | Coastal Cabana EC (21 units) | $1,836 |
In the Outside Central Region (OCR), developers sold 57 new units in June, down 37.4% from May's 91 — the lowest OCR monthly tally in over two years, since 45 units were transacted in December 2023. Chuan Park was the best-selling OCR project, with 11 units at a median $2,631 psf. New home sales in the Core Central Region (CCR) declined for a third consecutive month to just 15 units, down 31.8% from May's 22 — the lowest CCR monthly sales since June 2025 (14 units). Newport Residences led CCR sales with 4 units at $3,056 psf.
Worth noting: Watten House (180 units, launched November 2023) sold its final unit in June and is now fully sold. Meanwhile, in the EC segment, 28 units were sold — down 39.1% from May's 46 — with Coastal Cabana EC once again the top seller (21 units at $1,836 psf). Unsold EC inventory remains tight at just 150 units islandwide as at end-June, which bodes well for upcoming EC launches at Senja Close, Woodlands Drive 17, Sembawang Road and Miltonia Close — none of which are subject to the new EC measures announced in May 2026.
Singapore Permanent Residents and Singaporeans continued to make up the vast majority of new private home purchases (landed and non-landed, ex-EC) in June, accounting for 12.5% and 86.3% of transactions respectively. Foreigners (non-PR) accounted for just 1.3% of new private home sales — in absolute terms, only two units changed hands to foreign buyers all month, one each at UpperHouse at Orchard Boulevard and Terra Hill.
The muted June sales were widely expected given an empty launch calendar during the June school holidays — in a market where monthly sales are overwhelmingly supply-led, a month without launches inevitably means lower transaction volume, not necessarily weaker underlying demand. PropNex expects developers' sales to rebound in July with two major launches: the 499-unit Lentor Gardens Residences in the OCR, and the 380-unit Dunearn House in the CCR.
Lentor Gardens Residences attracted about 5,000 visitors to its sales gallery preview — it's the seventh launch in the Lentor Hills estate, where the six earlier projects have collectively sold 2,930 of 2,954 units, a 99.2% take-up rate that points to sustained buyer confidence in the location. Dunearn House, the first private condo launch in the new Bukit Timah Turf City precinct, drew 5,900 preview visitors over its opening weekend. Both projects sit within walking distance of an MRT station.
Median psf prices for new non-landed homes in the RCR and OCR rose 7.5% and 4.3% month-on-month respectively in June, while CCR psf fell 7.8%. PropNex cautions that with transaction volumes this low, these movements should be read as indicative rather than conclusive, since the mix of units transacted can skew the median. On the financing side, the 3-Month Compounded SORA — used by banks to price home loan packages — stood at 1.1271% p.a. as at 15 July 2026, down slightly from 1.1797% p.a. at the start of the year. URA's Q2 2026 flash estimate showed the overall private price index rising 0.5% quarter-on-quarter, a slowdown from Q1's 0.9% QoQ growth.
Taking June into account, developers sold an estimated 4,164 new units (ex-EC) in the first half of 2026, down from 4,587 units in the same period last year. For the full year, PropNex Research projects approximately 9,000 new private homes (ex-EC) may be transacted in 2026.
The headline number looks alarming, but I wouldn't read too much into a single quiet month — this is a supply story, not a demand one. Zero launches means zero new-launch sales, full stop; it says nothing about whether buyers are still willing to transact when there's actually something to buy. The preview turnout at Lentor Gardens Residences and Dunearn House (nearly 11,000 visitors combined) tells you demand hasn't gone anywhere.
What I'd actually watch going into July: whether that preview turnout converts into real bookings at launch weekend, and whether the sub-$2.5M price band recovers from June's 38.0% share back toward May's 62.4% — that band is where most upgraders and first-time private buyers actually operate, so its size matters more to you than the CCR headline numbers do.
Wondering how this month's numbers affect your own buying or selling timeline?
WhatsApp Bryan → More guides →Source: PropNex Research Monthly Report, "Private New Home Sales — June 2026," compiled 15 July 2026, citing URA Realis data. This article is for informational purposes only and does not constitute financial or investment advice.
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