Home developers may face smaller H2 launch pipeline at 4,222 units

Amberwood, Lucerne Grand, and Thomson Reserve are amongst key projects.

Singapore developers may face a smaller new-home launch pipeline in the second half (H2), with 4,222 units expected to be marketed compared with 4,874 in H1, according to UOB Kay Hian.

Projects expected to come to market include the 212-unit Amberwood at Holland, CDL’s 570-unit Lucerne Grand, and the 1,268-unit Thomson Reserve by UOL and CapitaLand Development.

The brokerage said buying sentiment could increasingly depend on developers’ pricing strategies and the total cost of homes, alongside location, as interest rates rise from their April lows and land prices remain high.

UOB Kay Hian maintained its forecast of 8,000 to 9,000 primary home sales, excluding executive condominiums (ECs), for 2026. It also expects private home prices to increase by 2% to 3%.

This comes as primary home sales reached 5,047 units in the first eight months, whilst private home prices rose 1.4% in H1.

The brokerage said new-home sales fell to a year-to-date low of 171 units in August amidst a lack of new launches during the Hungry Ghost month.

Excluding ECs, sales plunged about 93% year-on-year and 79% month-on-month to 153 units.

The Rest of Central Region accounted for nearly half, or 47%, of August sales excluding ECs, followed by the Outside Central Region at 37% and the Core Central Region at 16%.

Dunearn House was the top-selling project during the month with 18 units sold at a median price of $3,008 per square foot, followed by Lentor Garden Residences with 15 units and The Sen with 12 units.

The three-month compounded Singapore Overnight Rate Average rose by 18 basis points from its April 2026 low. UOB Kay Hian said a continued increase in mortgage rates could weigh on affordability and housing demand.

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