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Singapore's private home sales plunged 88% in September 2025 due to the Hungry Ghost Festival, but a rebound is expected in October.
Singapore's new private home sales fell 88% in September 2025 to 255 units, the lowest monthly volume since February, due to the traditional lull during the Hungry Ghost Festival.
Sales dropped 36.4% from the same month last year, though year-to-date volume reached 7,924 units—surpassing full-year 2024 totals.
A rebound is expected in October, driven by major new launches and low mortgage rates near 1.4%.
Analysts forecast 2025 sales to exceed 9,000 units, a multi-year high, with prices potentially rising 3%–4%.
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Las ventas de casas privadas de Singapur se desplomaron un 88% en septiembre de 2025 debido al Festival Hungry Ghost, pero se espera un repunte en octubre.