New luxury home sales sink 40.7% as launches dry up

Resale deals offset a sharp slowdown in new luxury home transactions during Q2.

The value of Singapore's luxury home transactions slipped in the second quarter (Q2) as new home sales slowed, whilst resale activity continued to grow, according to Realion (OrangeTee & ETC) Research.

The consultancy's Q2 2026 Luxury Market report showed total luxury home transaction value, including bulk deals, fell 3.6% quarter on quarter (QoQ) to $1.67b from $1.73b in Q1.

The decline was driven by weaker new home sales with new home transaction value dropping 40.7% to $220m from $371m over the same period.

In contrast, luxury resale transaction value rose 6.1% QoQ to $1.43b from $1.35b, according to Realion.

Realion Research said the decline in new home sales reflected the absence of new luxury launches during the quarter.

Activity also eased in the top end of the Core Central Region condominium market. Transactions for units priced above $3,000 per square foot (psf) and at least $5m fell to 52 in Q2 from 73 in the previous quarter.

New sales in this segment dropped to 19 units from 50 in Q1.

Transactions were recorded at projects including 21 Anderson, 32 Gilstead, Park Nova, River Modern, Skye at Holland, Skywaters Residences, The Giverny Residences, UPPERHOUSE at Orchard Boulevard, and Watten House.

The highest-priced transaction by square foot in Q2 was a 195-square-metre unit at Skywaters Residences, which sold for $12.5m, or $5,947 psf, in April. A unit at 21 Anderson followed at $22.5m, or $5,013 psf.

Follow the link for more news on

Chart of the Day

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia