Developers' sales surge 250% on month to 940 units in July on flood of new condo launches
Analysts said the surge in transactions came as new condo launches flooded the market after the seasonal lull in June. They also noted that buyers were unfazed by the recent upward revision of seller's stamp duty rates and the extension of the holding period to a fourth year.
The top seller during the month was Lyndenwoods, CapitaLand Development's first residential project at the Singapore Science Park, which sold 97 per cent or 331 of its 343 units, at a median price of S$2,463 per square foot, said Knight Frank Singapore's head of research Leonard Tay.
New launches in the Core Central Region (CCR) – The Robertson Opus and Upperhouse at Orchard Boulevard – also sold 'extremely well', highlighting the resilient demand for prime CCR homes and strong fundamentals in Singapore's property market, said Huttons Asia's senior director of data analytics Lee Sze Teck.
The Robertson Opus and Upperhouse chalked up sales of 59 per cent and 43 per cent, respectively, Tay pointed out.
'With these launches in the CCR there is an observable shift in buyer sentiment from previous positions of muted interest to a growing willingness to consider a reasonable premium for new product,' he added.
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Despite the strong sales in CCR projects, the proportion of sales priced above S$2.5 million was 44.3 per cent last month, compared with 50.7 per cent in June 2025, said Lee. 'Developers had priced their projects below the sweet spot price which helped to lift sales of CCR projects.'
Including executive condominiums (ECs), 1,311 units were sold in July with 2,275 units launched, versus the 613 units sold and 616 units launched in the same month in 2024. In comparison, 305 units were sold and 103 units were launched in June 2025.
Among the three segments, the Rest of Central Region led in condo and private apartment sales, accounting for 54.5 per cent of sales. This was followed by the CCR, which accounted for 38 per cent of primary sales, and the Outside Central Region, which made up 7.4 per cent of new sales last month.
Singaporeans made up 85.7 per cent of buyers in July, while permanent residents accounted for 12.4 per cent, said Lee.
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