A Surge That Reversed the Year’s Slowest Month
October’s new home market delivered a dramatic turnaround.
Developers sold 2,424 private homes (excluding ECs), up from just 255 units in September — a 9.5× jump and a 224% year-on-year rise.
This marks:
- The strongest monthly performance of 2025, and
- The best October result since URA began recording data in 2007
Commentary:
What we’re seeing is a classic example of how sentiment can flip very quickly when supply enters the market. Singapore’s buying demand has never disappeared — it was simply waiting for the right launches, right pricing strategies, and clearer economic signals.
Analysts attribute the surge to a mix of:
- Strong and attractively priced new launches
- Lower interest rates
- Improved economic outlook
- Accumulated pent-up demand after the Hungry Ghost Month
- Ample liquidity from both local and foreign buyers
Launches That Fueled the Momentum
Four major launches led the month and accounted for 84.6% of all developer sales:
- Skye at Holland (CCR) – 666 units
- Faber Residence (OCR) – 399 units
- Penrith (RCR) – 462 units
- Zyon Grand (RCR) – 706 units
Together, developers released 2,233 new homes in October — up from only 20 units launched in September.
The standout performer was Skye at Holland, selling 662 units at a median $2,949 psf.
Its launch is now the highest CCR sales achieved in a single project since Duo Residences (2013).
Commentary:
This is rare for CCR launches. Demand for central, well-connected, lifestyle-centric projects remains extremely resilient — especially when developers price units with a competitive launch strategy.
Other top performers:
- Zyon Grand (RCR) – 595 units sold
- Penrith (RCR) – 446 units sold
- Faber Residence (OCR) – 348 units sold
ECs also saw movement — 22 units, mostly from Otto Place.
Infographic — October Market Snapshot
🔹 Record-Breaking Sales Performance
- 📈 2,424 units sold in October — strongest month of 2025
- 🔄 9.5× increase from September
- 📅 Best October sales since 2007
🔹 Launches That Led the Charge
- 🏙️ Skye at Holland – 662 units sold
- 🌉 Zyon Grand – 595 units
- 🏞️ Penrith – 446 units
- 🌳 Faber Residence – 348 units
- 🧱 EC sales – 22 units (mostly Otto Place)
🔹 Regional Breakdown
- ⭐ RCR: 1,225 units (50.5%)
- 🎯 CCR: 724 units (new historical high)
- 🏡 OCR: 475 units
🔹 Luxury & Foreign Buyer Activity
- 💎 51 homes ≥ $5M sold in October
- 🏦 4 transactions > $10M
- 🌍 Foreigners doubled purchases from 15 → 31 units
- 🔥 Strong interest at Zyon Grand & Skye at Holland
🔹 Year-to-Date Trend
- 🧮 10,299 new homes sold so far in 2025
- 🏁 First time crossing 10,000 units since 2021
What This Means for Buyers Today?
Commentary:
Momentum has returned — and it’s not isolated.
Strong launches across all three regions (CCR, RCR, OCR) show that buyers are prioritising:
- Lifestyle and transport convenience
- Strong developer reputation
- Efficient layouts
- Realistic and attractive launch pricing
With The Sen being the only remaining major launch before year-end, analysts expect sales to soften temporarily — before picking up again in 1Q2026 with new supply coming.
CBRE forecasts full-year sales will hit 10,500–11,000 units, while prices may land around 3–4% growth for the year.
Summary — Key Points
- ✅ October delivered the year’s strongest developer sales at 2,424 units
- ✅ Four major launches achieved exceptional 84–99% take-up rates
- ✅ Skye at Holland set a new CCR milestone not seen since 2013
- ✅ Foreign buyer activity doubled, signaling returning confidence
- ✅ Developers crossed 10,000 units sold YTD for the first time in almost four years
- ✅ Market expected to pick up again in early 2026 with new launches
If you’d like a breakdown of any specific launch, floor plans, or comparison across regions, reach out anytime — I’ll help you shortlist the right options based on real transaction data and availability.