CCR Vacancy At 8.3 Percent Puts Singapore's Q2 Resale Strength Against New GLS Supply

Singapore's latest URA statistics show a balanced but selective private-housing market, with stronger resale activity and rising rents sitting beside higher vacancy in the Core Central Region.

Resales Carried The Quarter

URA's second-quarter data showed 3,813 resale transactions, up from 3,225 in the previous quarter, and resales made up 62 percent of all private residential sale transactions. Developers sold 2,141 units, slightly above first-quarter sales.

Vacancy Is Not Uniform

Completed private residential vacancy was 8.3 percent in the Core Central Region, 6.1 percent in the Rest of Central Region and 5.6 percent Outside Central Region. That means central landlords face a different leasing test from suburban owners.

Supply Policy Remains Relevant

Singapore continues to add Government Land Sales supply, with the first-half programme already sustaining a high confirmed-list pipeline. Buyers should therefore compare any launch premium with expected future competition, not only current transaction momentum.

What Buyers Should Check

Investors should compare resale prices, vacancy, rental growth and upcoming supply by planning area. A central luxury unit needs stronger tenant evidence when CCR vacancy is above the rest of the island.

Outlook

The next signal is whether third-quarter resales stay strong as GLS sites move toward launches. Singapore buyers should remain prudent on leverage, vacancy assumptions and new-launch premiums.

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