Singapore new home sales surpass 10,000 units for the first time in four years

The Core Central Region (CCR) led growth among prime areas, with new sales rising from 378 units in 2024 to 1,916 units in 2025, the highest since 2021. Meanwhile, the Rest of Central Region (RCR) and Outside Central Region (OCR) also recorded solid gains, increasing 65.0% and 30.9% year-on-year to 4,481 and 4,418 units respectively, with the OCR posting its second consecutive year of growth. In 2025, the RCR and OCR accounted for roughly 41% of total new home sales each, while the CCR contributed 17.7%.

Quarterly sales trends in Q4/2025 showed some moderation, with new home transactions easing 10.6% quarter-on-quarter to 2,940 units. Despite the dip, market appetite remained robust: the take-up rate jumped to 111.7%, indicating that sales exceeded new supply. The RCR was the only segment to record a quarterly increase, rising 41.7% to 1,544 units, supported by a wider selection of newly launched projects. In contrast, CCR and OCR sales fell 14.0% and 52.2% QoQ to 777 and 619 units respectively.

Savills noted that the strong annual and quarterly performance underscores a resilient residential market, with buyer sentiment particularly strong in the RCR and CCR despite ongoing market adjustments and regulatory measures affecting foreign participation.