Residential market sales exceed launches as supply drops 30% in Q1

Developers cut new launches whilst buyers absorb more units than are released in the quarter.

Singapore’s residential property market cooled in the first quarter (Q1) of 2026, as sales slightly outpaced launches for two consecutive quarters, according to a report from Savills Research.

The broader data shows cyclical movement in the market between 2021 and 2026, where units launched and sold peaked in 2021 before declining in 2022, recovering through 2023 and 2024, and rising again in 2025.

The report revealed a peak in the third quarter of 2025, where the quarter recorded over 4,000 units launched and more than 3,000 units sold, marking the highest level in the period.

The Q1 slowdown comes as developers only launched about 1,844 units, down nearly 30% from the fourth quarter (Q4) of 2025 and 41.3% year-on-year.

Meanwhile, sales totalled about 2,025 units, resulting in demand exceeding new supply for the quarter.

The gap reflects the absorption of existing inventory from earlier quarters, with Savills attributing strong take-up rates across recent launches.

These launches included River Modern in the Core Central Region, where 410 of 455 units sold, Newport Residences with 184 of 246 units sold, and Pinery Residences in the Outside Central Region with 537 of 588 units sold.

The number of new developments also fell to four in Q1 2026 from six in Q4 2025.

No launches also occurred in the Rest of Central Region (RCR) during the quarter, marking the first absence of RCR launches in the period covered.

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Savills

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