Singapore developers sold just 153 new private homes (excluding executive condominiums) in August 2026, down 79.1% from 731 in July, according to Urban Redevelopment Authority (URA) data reported by the Straits Times. Analysts quoted in the coverage put the drop largely on the Hungry Ghost month, not on weaker demand, though that has not been proven.

TL;DR

  • August 2026 sales were 153 units versus 731 in July and 2,142 in August 2025, a fall of 79.1% month on month and 92.9% year on year.
  • Only one project launched in the month, Union Square Residences with 116 units, and the lunar seventh month began on 13 August.
  • Analysts expect a pick-up from late September as new launches preview, but no source confirms that recovery yet.

How many new homes did developers sell in August 2026?

Developers sold 153 units excluding executive condominiums (ECs, a hybrid public-private housing type). That compares with 731 units in July 2026 and 2,142 in August 2025, per the Yahoo News Singapore report of 15 September 2026, which cites URA data. By region, the Rest of Central Region led with 47% of sales, followed by the Outside Central Region with 36% and the Core Central Region with 16%. Only 116 new units were launched in August, all from Union Square Residences.

Why did sales fall so sharply?

The Hungry Ghost Festival period, the lunar seventh month, began on 13 August this year, and Stacked Homes reports it ran to 10 September. Developers tend to hold back launches in that period, and some buyers postpone purchases. Christine Sun of Realion (OrangeTee and ETC) Group noted that the period began later in 2025, on 23 August, which gave developers more time to launch projects beforehand. That timing gap helps explain why the year-on-year drop is so steep.

Which projects sold best in August?

Dunearn House in the Core Central Region led with 18 units at a median S$3,008 psf, and Stacked Homes says 227 of its 380 units (59.7%) have sold since its July launch. Lentor Gardens Residences in the Outside Central Region sold 15 units at a median S$2,367 psf, with 282 of 499 units (56%) sold. The Sen in the Rest of Central Region sold 12 units at S$2,305 psf. Per-project medians describe individual projects only and do not show a market-wide price trend.

Is this weak demand or a seasonal lull?

The analysts quoted describe it as a seasonal lull and wait-and-see approach, not a loss of demand. That is an interpretation, and the August data alone cannot test it, because sales in a month with one launch mostly reflect the launch calendar. What is not confirmed: buyer numbers, cancellations, resale-market effects and any change in prices. PropNex's Wong Siew Ying expects recovery from late September, and the coverage cites full-year estimates of about 7,000 units launched with 2 to 5% price growth. Those are forecasts, not outcomes.

What should property watchers look at next?

Stacked Homes lists Amberwood at Holland, whose preview began on 11 September, Lucerne Grand, and The Serra Residences, expected in October. September developer sales, due from URA in mid-October, will show whether the post-festival launches lift volumes. For wider supply and land-price context, see our coverage of the record New Upper Changi Road tender at https://propertynewsasia.com/singapores-new-upper-changi-road-gls-site-sets-record-1-43-billion-ocr-land-price/ and the Sin Ming bid at https://propertynewsasia.com/malaysian-developers-record-s-1-612-psf-bid-wins-singapores-sin-ming-gls-site/ . On the public side, see https://propertynewsasia.com/hdb-raises-income-ceilings-to-16-000-what-it-means-for-the-november-bto-launch/ .

Frequently Asked Questions

How many new private homes were sold in Singapore in August 2026?

153 units excluding executive condominiums, down from 731 in July 2026, based on URA data as reported on 15 September 2026.

Why did Singapore developer sales drop in August 2026?

Analysts point to the Hungry Ghost month, which began on 13 August and led developers to hold back launches, with only one 116-unit project launched. Whether demand itself weakened is not shown by the data.

Did Singapore private home prices fall in August 2026?

The sources report sales volumes and project-level medians, not a market-wide price index for August, so this cannot be confirmed from them.

Sources and Method

Checked on 29 September 2026. The underlying URA developer-sales table is a search form that could not be read directly, so figures are as reported by the outlets below, which agree with each other. Yahoo News Singapore (15 September 2026, Atiqah Mokhtar): https://sg.news.yahoo.com/developers-sales-plunge-153-units-082929510.html . Stacked Homes (15 September 2026, Sabrina Lee): https://stackedhomes.com/singapore-new-home-sales-just-fell-79-to-only-153-units-but-it-may-not-mean-demand-is-falling/ . URA property data: https://www.ura.gov.sg/property-data/ . This article is not property advice.