August launches sink 87.0% amidst lunar seventh month

Sales also dropped 79.1% MoM as fewer projects came to market.

The number of units launched and sold sank in August 2026 as developers held back project launches, according to Huttons Asia.

Launches sank by 87.0% month-on-month (MoM) and 95.4% year-on-year (YoY) to only 116 units, whilst sales fell by 79.1% MoM and 92.9% YoY to 153 units.

“The lunar seventh month which started on 13 August 2026 was likely the main reason for developers to hold back project launches,” said Mark Yip, CEO of Huttons Asia.

Broader data showed that August 2025 had 2,496 units launched with 2,142 units sold before falling to 20 launched units and 255 sold units in September.

Launches and sales increased to 2,233 units and 2,424 units, respectively, in October. They then fell to 347 launched units and 325 sold units in November and 52 launched units and 197 sold units in December.

Launches increased to 786 units in January 2026, whilst sales rose to 466 units. In February, launches fell to 15 units whilst sales increased to 246 units.

Launches and sales then increased in March, with 1,043 launched units and 1,300 sold units, and April, with 1,426 launched units and 1,548 sold units. May had 357 units launched and 447 units sold.

June had no new project launches but recorded 156 units sold, whilst July had 889 launched units and 731 sold units.

For the first eight months (8M), developers were estimated to have launched 4,632 units, down 43.8% compared to the 8,247 units in the same period in 2025.

Meanwhile, sales were estimated at 5,038 units in 8M 2026, 34.3% less than the 7,669 units sold in 8M 2025.

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