October turned out to be one of the busiest months for developers in recent years. New home sales (excluding ECs) hit 2,424 units, a level not seen since November 2024. This is roughly nine times higher than September and 224% more than the same month last year, based on URA’s latest numbers.

With this surge, analysts expect up to 11,000 units sold for 2025, and possibly 12,000 units including ECs. Knight Frank noted that 11,818 units have already been transacted as at Nov 17, which has already exceeded the earlier forecast of 7,000 to 9,000 units for the year.

If momentum holds, 2025 may close as the best-performing year since 2021, when 13,027 units were sold.

What Drove October’s Surge?

The rebound came from four major launches hitting the market at the same time:

• Faber Residence

• Penrith

• Skye at Holland

• Zyon Grand

Together, these projects moved over 2,000 units, achieving take-up rates between 84% and 99% on their launch weekends.

Skye at Holland was the standout performer, selling 662 out of 666 units (99%), and alone contributed to 91% of CCR transactions in October. This helped the Core Central Region hit its strongest monthly performance since URA began tracking sales.

Breakdown by Region (October 2025)

• RCR (Rest of Central Region): 50.5%
  The largest contributor, driven by attractive pricing and well-located projects.

• CCR (Core Central Region): 29.9%
  Boosted by Skye at Holland’s near-sellout launch.

• OCR (Outside Central Region): 19.6%

Prices showed strong buyer acceptance. Most units sold were between $2M and $2.5M, particularly two-bedroom units in top-performing projects. Units in the $1.5M to $2M and $3M to $5M ranges also did well.

The price gap between CCR and RCR narrowed sharply, from nearly 27% in September to just 2.2% in October, helping buyers reconsider CCR options.

Why Buyers Returned in Force

A few conditions boosted confidence:

1. Lower interest rates

This made upgrading more manageable for many households.

2. Low unemployment and steady incomes

Strong fundamentals kept homebuyer sentiment firm.

3. Calibrated pricing from developers

Launch prices were kept competitive to encourage volume.

4. Upcoming supply in 2026

As more projects are set to launch early next year, buyers moved earlier to secure units before competition intensifies.

Singaporeans remained the strongest buyer group, forming 86.7% of all buyers. PRs made up 12%.

There were also notable luxury purchases, including four units above $10M. One PR paid $6,501 psf for an Aman-branded residence at The Skywaters.

What to Expect in 2026

Only one launch is slated for November, so numbers are expected to taper in the short term. But developers and analysts agree that demand will pick up again in Q1 2026 as several major projects start their preview windows.

Upcoming Q1 launches include:

• 748-unit Coastal Cabana EC (Pasir Ris)

• 540-unit Narra Residences (Dairy Farm Walk)

• 246-unit Newport Residences

• Rivelle Tampines EC (Feb–Mar)

FAQ

Q: How many new private homes were sold in Singapore in October 2025?
A: Developers sold 2,424 units, excluding ECs.

Q: Which project sold the most units in October 2025?
A: Skye at Holland, with 662 units sold.

Q: Will new home sales in 2025 cross 10,000 units?
A: Yes, analysts expect 11,000 to 12,000 units for the full year.

Q: Why did October 2025 home sales surge?
A: Four major launches, lower interest rates, and strong buyer confidence.

Q: Which region led October 2025 sales?
A: The RCR, contributing 50.5% of all new home sales.

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If you’re exploring RCR projects, Terra Hill is one worth clicking into. It is freehold, located in a quiet landed-backed enclave, and just 3 minutes to Pasir Panjang MRT. Prices start from about $2,212 psf, making it one of the most attractive RCR freehold entries available today, especially when CCR–RCR price gaps have narrowed.

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