Singapore Property: A quiet June as usual, all eyes on 2H launches

Research evidence excerpt

Singapore Property: A quiet June as usual, all eyes on 2H launches

15 July 2026

Singapore Property EquitiesREMD

A quiet June as usual, all eyes on 2H launches Singapore

◆ June 2026 private home sales down 65% MoM due to the Joy Wang*

lack of new launches during school holiday season HeadThe Hongkongof ASEANandEquityShanghaiResearchBankingandCorporationASEAN PropertyLimited,

Singapore Branch

◆ HDB resale remains muted, while private property prices joy.wang@hsbc.com.sg

+65 6658 0606

grew; launch activities to pick up in July

Danelle Teo*

Associate, ASEAN Equity Research

◆ Third parcel at River Valley Green sold 22% higher versus The Hongkong and Shanghai Banking Corporation Limited,

2025 danelle.t.y.teo@hsbc.com.sg

+65 66585497

Gokulapriyan V*

New private home sales for June 2026 came in at 156 units (excluding EC), down Associate

65% m-o-m, with no new launches during the month. On a YoY basis, Jan – June Bangalore

primary transactions are still down 10%, reflecting softer launches and representing 49%

of our 2026 forecast of 8,500 units. 22% of units sold in June had an ASP >SGD3,000 * Employed by a non-US affiliate of HSBC Securities (USA) Inc, and is

not registered/ qualified pursuant to FINRA regulations

psf; OCR sales is down 17% YoY, CCR sales increased 7% YoY, while RCR sales are

down 56% YoY. In the secondary market, resale condo sales volume decreased by

8.9% MoM in May while prices increased by 1.3% MoM, according to SRX.

Private property price index increased 0.5% QoQ in 2Q26, moderating from the 0.9%

increase registered in 1Q26, according to URA flash estimates. By region, prices of non-

landed private residential changed by +2.0%/-1.4%/-0.2% in the CCR/RCR/OCR,

respectively, with CCR prices remaining strong despite no new launches this month.