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2026-07-15 13:12:11
[Singapore Private Residential Sales Plunge 65% in June, First Time in 15 Years with "Zero New Units"] (1) Data from Singapore's Urban Redevelopment Authority shows that only 156 new private residential units (excluding executive condominiums) were sold in June, a 65% decrease compared to May and a 43% decrease compared to June last year, indicating a significant drop in sales. (2) No new units were launched for sale last month, the first time since records began in June 2007. The CEO of Huttons Asia analyzed that June is a traditionally slow season due to school holidays, so developers chose not to launch new projects. (3) The agency predicts that the total number of units launched by developers in 2026 may drop to 7,000 (the lowest since 2023), with total sales expected to be between 7,500 and 9,000 units.
