Bottom line: The Urban Redevelopment Authority published June private residential sales data at 8:28 a.m. New launches absorbed 62% of available supply — the highest monthly absorption rate since March 2024. Resale volumes rose 4% month-on-month to 1,247 transactions. Median prices held steady in the OCR and RCR; the CCR saw a 1.2% uptick driven by two luxury closings above $4,000 psf.
June is typically a strong launch month before the mid-year school holidays slow showroom traffic. This year, three projects — two in the OCR and one in the RCR — accounted for 78% of new-sale volume. Developers reported that first-timer and upgraders split roughly evenly, with no single buyer profile dominating.
New launches: absorption by region
Outside Central Region projects moved 412 units at a median of $1,780 psf, consistent with May pricing. Rest of Central Region saw 287 units at $2,340 psf — a marginal increase attributed to a riverfront project in Kallang rather than broad appreciation. Core Central Region recorded 94 units, but two transactions above $4,000 psf in a Nassim Road development pulled the median up.
Developer stock on the market fell to 5,800 unsold units from 6,400 in May — the fourth consecutive monthly decline. Housing desk notes this tightening supply may support prices in the OCR through Q3, though MAS's repeated property-market warnings could temper buyer enthusiasm.
Resale market: modest recovery
Resale volumes at 1,247 transactions represent a 4% month-on-month increase but remain 8% below June 2025. HDB upgraders continue to dominate resale demand, particularly for units in the $1.4–1.8 million range in mature estates. Average days on market shortened from 42 to 38 days — a sign of modestly improved liquidity, not a frenzy.
By district, the largest resale volume increases were in Districts 15 (East Coast) and 19 (Serangoon), both up 7%. District 9 (Orchard) resale volume fell 12% as owners held listings ahead of two expected CCR launches in August.
Context for today's Parliament vote
June sales data lands on the same day as Parliament's final reading on the housing supply bill. The numbers do not directly affect the vote, but MPs from both sides referenced absorption rates during yesterday's committee debate. For the full explainer on what the bill changes for flat owners, see our lead story — this filing covers private-market data only.