Singapore’s Q2 release is a resale and supply story. URA’s July 24 statistics show private residential prices up 0.5%, resale transactions rising to 3,813 and 15,810 unsold private residential units with planning approval in the pipeline.
Resales Took A Larger Share
Resale transactions rose from 3,225 in Q1 and accounted for 62% of all private-home sale transactions in Q2. That shows buyers were active outside new launches, likely weighing ready homes, school access and immediate occupancy against developer pricing.
Non-Landed Prices Split By Region
Non-landed private prices fell 0.1% overall, but the Core Central Region rose 1.8% while the Rest of Central Region declined 1.2% and the Outside Central Region slipped 0.1%. Segment-level pricing matters more than the national index.
Pipeline Supply Is Heavy
URA listed 42,472 units with planning approval, of which 15,810 were unsold, plus 18,153 unsold units without planning approval. The 2H Confirmed List adds 4,745 units, keeping future supply visible.
Outlook
Singapore buyers should remain selective as supply builds. Resale depth supports liquidity, but developers in RCR and OCR projects need careful pricing while CCR scarcity continues to hold up better.
For Singapore, the immediate check is whether the reported movement appears in signed contracts, lender approvals, permits, title records, or completed handovers rather than only asking prices. Buyers and agents should compare the named locations above with current listings and documents before extrapolating the story nationally.
Read more at Singapore Housing Market.
