Knight Frank Commentary | Monthly Developer Sales - June 2026 & Q2 2026 Residential Report

Knight Frank Commentary | Monthly Developer Sales - June 2026 & Q2 2026 Residential Report

There were 156 developer sales (excluding Executive Condominiums (ECs)) in June 2026, 65.1% less than the 447 units recorded in May and 42.6% less than the 272 units recorded during the June holidays a year ago. When combined with the 2,013 new sales in Q1 2026 (based on the real estate statistics released by URA), there is an estimated total of 4,164 developer sales in the first half of 2026. There were no new launches in June as a result of the school holidays. Developers will have two windows for launch in the remaining half the year, restarting in July until mid-August, before the Chinese Seventh Month. And another window after the September school holidays until the third week of November when the year-end school holidays begin. Even so, new home sales remain on track to fall between 8,000 to 10,000 units for the entire year, even though the months of May and June 2026 tracked lower activity.

It was only a mere month ago that the emergence of a potential peace pathway in the US–Iran conflict could reopen free shipping at the Straits of Hormuz and stabilise global conditions by easing volatility in energy prices. However, the peace process has been derailed and uncertainty has ratcheted up several notches. Despite the slower activity when compared to the first half of 2025 with 4,668 developer sales (according to the monthly data), demand remains intact as homebuyers weigh factors such as the hostilities in the Middle-East, inflation in energy markets, against Singapore’s safe haven environment and current benign interest rates. Expectations that the US Federal Reserve may hold off on further rate hikes in 2026 continue to provide clarity for borrowing costs in the remainder of the year.

Singapore’s non-landed private residential market is expected to remain resilient in the second half of 2026, supported by domestic demand fuelled by sustained interest in new launches. There remains a deep pool of Singaporean purchasers, underpinned by intergenerational wealth that accumulated through property ownership since the country’s independence. At the same time, the pricing gap between new launches and resale homes persist, creating a two-tier market where new projects command a premium and homes that have been completed for some time provide more affordable options for both upgraders and downgraders.

Geopolitical uncertainty also contributes to demand as Singapore’s reputation as a safe, stable and efficient financial hub continues to generate enquiries from globally mobile executives and families seeking to relocate capital or establish a capital-preservation base away from conflict-affected regions.

For the full Q2 2026 Residential Report, click here.