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Condos and apartments

How fast are developers selling?

How quickly do developers sell the homes they launch, and how much unsold stock is there?

Sell-through shows how fast developers sell the homes they launch. It adds the URA figures for CCR, RCR and OCR (ECs left out) and reads sell-through together with the stock of unsold homes. The stock of unsold homes peaked in 2008 and has since moved with the cycle.

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FreeKey figures

Unsold homes peaked at 43,473 in 2008 Q2; sell-through bottomed at 66% in 2008 Q4

Source: URA via data.gov.sg, uncompleted private homes, ECs excluded; sales from 2004 Q1, unsold from 2006 Q3

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Unsold homes peaked at 43,473 in 2008 Q2; sell-through bottomed at 66% in 2008 Q4Source: URA via data.gov.sg, uncompleted private homes, ECs excluded; sales from 2004 Q1, unsold from 2006 Q3Peak unsold homes: 43,473. 2008 Q2Peak unsold homesPeak unsold homes: 43,473. 2008 Q243,4732008 Q2Lowest sell-through: 65.6%. 4 quarters to 2008 Q4Lowest sell-throughLowest sell-through: 65.6%. 4 quarters to 2008 Q465.6%4 quarters to 2008 Q4Peak stock in years: 10.8. of sales, 2008 Q4Peak stock in yearsPeak stock in years: 10.8. of sales, 2008 Q410.8of sales, 2008 Q4Record sales, 4 quarters: 21,855. homes sold to 2012 Q4Record sales, 4 quartersRecord sales, 4 quarters: 21,855. homes sold to 2012 Q421,855homes sold to 2012 Q4

Source: URA unsold, launched and sold private homes by region (CCR, RCR, OCR added together) via data.gov.sg. Sell-through from the derived table dev_sales_quarterly. The years of sales in stock (tile 3) are typed: unsold stock divided by the sales of the four quarters to that date.. Data to 2026 Q2.

Licence: green class (Singapore Open Data Licence).

View the data as a table
Unsold homes peaked at 43,473 in 2008 Q2; sell-through bottomed at 66% in 2008 Q4
MeasureValueNote
Peak unsold homes43,4732008 Q2
Lowest sell-through65.6%4 quarters to 2008 Q4
Peak stock in years10.8of sales, 2008 Q4
Record sales, 4 quarters21,855homes sold to 2012 Q4

FreeFlowchart

Launches and sales are flows; unsold stock is what is left

Uncompleted private homes, ECs excluded. Four quarters to 2026 Q2.

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Launches and sales are flows; unsold stock is what is leftUncompleted private homes, ECs excluded. Four quarters to 2026 Q2.Developer wins a site. Homes may not be launchedDeveloper wins a siteHomes may not be launchedLaunched. 10,450 in 4 quarters. a flowLaunched10,450 in 4 quartersa flowSold. 10,298 in 4 quarters. a flowSold10,298 in 4 quartersa flowUnsold stock. 14,929 at 2026 Q2. a stock: launched or notUnsold stock14,929 at 2026 Q2a stock: launched or notSell-through. sold / launched. 98.5% over 4 quartersSell-throughsold / launched98.5% over 4 quarterssalestockStock can rise when developers win sites, not only when sales slow.

Source: URA quarterly data via data.gov.sg: launched 10,450 and sold 10,298 (four quarters summed), unsold stock at quarter end.

View the data as a table
Launches and sales are flows; unsold stock is what is left
StepDetailLeads to
Developer wins a siteHomes may not be launchedLaunched; Unsold stock (stock)
Launched10,450 in 4 quarters. a flowSold (sale); Sell-through
Sold10,298 in 4 quarters. a flowSell-through
Unsold stock14,929 at 2026 Q2. a stock: launched or not
Sell-throughsold / launched. 98.5% over 4 quarters

FreeLine chart

Quarterly launches and sales peaked in 2012 Q1 at 6,903 and 6,458 homes

Uncompleted private homes launched and sold by developers in each quarter, units, ECs excluded, 2004 Q1 to 2026 Q2

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Quarterly launches and sales peaked in 2012 Q1 at 6,903 and 6,458 homesUncompleted private homes launched and sold by developers in each quarter, units, ECs excluded, 2004 Q1 to 2026 Q202,0004,0006,0008,000200420082012201620202024Launched: 2004-Q1 to 2026-Q2Sold: 2004-Q1 to 2026-Q2Launched, 2026 Q2: 1,783LaunchedSold, 2026 Q2: 2,125Sold2004-Q1: Launched 906, Sold 9192004-Q2: Launched 1,174, Sold 9712004-Q3: Launched 1,593, Sold 1,1642004-Q4: Launched 2,208, Sold 1,5632005-Q1: Launched 1,366, Sold 1,0902005-Q2: Launched 2,952, Sold 2,5562005-Q3: Launched 2,010, Sold 2,0792005-Q4: Launched 1,873, Sold 2,0652006-Q1: Launched 2,111, Sold 1,6992006-Q2: Launched 3,005, Sold 2,3692006-Q3: Launched 2,257, Sold 2,1332006-Q4: Launched 3,696, Sold 4,1622007-Q1: Launched 4,259, Sold 4,5652007-Q2: Launched 4,362, Sold 4,8202007-Q3: Launched 3,709, Sold 3,3672007-Q4: Launched 1,686, Sold 1,3972008-Q1: Launched 1,343, Sold 7302008-Q2: Launched 1,814, Sold 1,4172008-Q3: Launched 2,244, Sold 1,4522008-Q4: Launched 706, Sold 4072009-Q1: Launched 2,108, Sold 2,5522009-Q2: Launched 3,869, Sold 4,5212009-Q3: Launched 5,899, Sold 5,5102009-Q4: Launched 2,227, Sold 1,8412010-Q1: Launched 4,372, Sold 4,3512010-Q2: Launched 4,180, Sold 3,9552010-Q3: Launched 3,501, Sold 3,5612010-Q4: Launched 4,522, Sold 3,9652011-Q1: Launched 4,130, Sold 3,4302011-Q2: Launched 4,802, Sold 4,3252011-Q3: Launched 4,673, Sold 4,1922011-Q4: Launched 4,105, Sold 3,5252012-Q1: Launched 6,903, Sold 6,4582012-Q2: Launched 6,115, Sold 5,3132012-Q3: Launched 5,052, Sold 5,7882012-Q4: Launched 3,408, Sold 4,2962013-Q1: Launched 5,546, Sold 5,3692013-Q2: Launched 4,395, Sold 4,4722013-Q3: Launched 3,313, Sold 2,3852013-Q4: Launched 2,631, Sold 2,5312014-Q1: Launched 1,964, Sold 1,7182014-Q2: Launched 2,843, Sold 2,6322014-Q3: Launched 1,294, Sold 1,4652014-Q4: Launched 1,592, Sold 1,2952015-Q1: Launched 1,189, Sold 1,2582015-Q2: Launched 2,099, Sold 1,9992015-Q3: Launched 2,435, Sold 2,3422015-Q4: Launched 1,333, Sold 1,5472016-Q1: Launched 953, Sold 1,3592016-Q2: Launched 2,371, Sold 2,0852016-Q3: Launched 1,609, Sold 1,8092016-Q4: Launched 2,944, Sold 2,1362017-Q1: Launched 1,949, Sold 2,6192017-Q2: Launched 2,011, Sold 2,5662017-Q3: Launched 1,183, Sold 2,1992017-Q4: Launched 877, Sold 1,5832018-Q1: Launched 921, Sold 1,3362018-Q2: Launched 2,437, Sold 2,2312018-Q3: Launched 3,754, Sold 2,9102018-Q4: Launched 1,657, Sold 1,7932019-Q1: Launched 2,989, Sold 1,7972019-Q2: Launched 2,502, Sold 2,3012019-Q3: Launched 3,628, Sold 3,2142019-Q4: Launched 2,226, Sold 2,4222020-Q1: Launched 2,093, Sold 2,0892020-Q2: Launched 1,852, Sold 1,6792020-Q3: Launched 3,791, Sold 3,4872020-Q4: Launched 3,147, Sold 2,5832021-Q1: Launched 3,716, Sold 3,4572021-Q2: Launched 2,356, Sold 2,9422021-Q3: Launched 2,149, Sold 3,5022021-Q4: Launched 2,275, Sold 2,9542022-Q1: Launched 613, Sold 1,7742022-Q2: Launched 1,956, Sold 2,3072022-Q3: Launched 1,455, Sold 2,1332022-Q4: Launched 504, Sold 6202023-Q1: Launched 1,312, Sold 1,1632023-Q2: Launched 2,374, Sold 2,0702023-Q3: Launched 2,805, Sold 1,9262023-Q4: Launched 1,060, Sold 1,0612024-Q1: Launched 1,304, Sold 1,1242024-Q2: Launched 634, Sold 7052024-Q3: Launched 1,284, Sold 1,1402024-Q4: Launched 3,425, Sold 3,4042025-Q1: Launched 3,139, Sold 3,3512025-Q2: Launched 1,520, Sold 1,2042025-Q3: Launched 4,191, Sold 3,2772025-Q4: Launched 2,632, Sold 2,9092026-Q1: Launched 1,844, Sold 1,9872026-Q2: Launched 1,783, Sold 2,125

Source: URA private homes launched and sold by region (CCR, RCR, OCR added together) via data.gov.sg. Data to 2026 Q2.

Licence: green class (Singapore Open Data Licence).

View the data as a table
Quarterly launches and sales peaked in 2012 Q1 at 6,903 and 6,458 homes
PeriodLaunchedSold
2004-Q1906919
2004-Q21,174971
2004-Q31,5931,164
2004-Q42,2081,563
2005-Q11,3661,090
2005-Q22,9522,556
2005-Q32,0102,079
2005-Q41,8732,065
2006-Q12,1111,699
2006-Q23,0052,369
2006-Q32,2572,133
2006-Q43,6964,162
2007-Q14,2594,565
2007-Q24,3624,820
2007-Q33,7093,367
2007-Q41,6861,397
2008-Q11,343730
2008-Q21,8141,417
2008-Q32,2441,452
2008-Q4706407
2009-Q12,1082,552
2009-Q23,8694,521
2009-Q35,8995,510
2009-Q42,2271,841
2010-Q14,3724,351
2010-Q24,1803,955
2010-Q33,5013,561
2010-Q44,5223,965
2011-Q14,1303,430
2011-Q24,8024,325
2011-Q34,6734,192
2011-Q44,1053,525
2012-Q16,9036,458
2012-Q26,1155,313
2012-Q35,0525,788
2012-Q43,4084,296
2013-Q15,5465,369
2013-Q24,3954,472
2013-Q33,3132,385
2013-Q42,6312,531
2014-Q11,9641,718
2014-Q22,8432,632
2014-Q31,2941,465
2014-Q41,5921,295
2015-Q11,1891,258
2015-Q22,0991,999
2015-Q32,4352,342
2015-Q41,3331,547
2016-Q19531,359
2016-Q22,3712,085
2016-Q31,6091,809
2016-Q42,9442,136
2017-Q11,9492,619
2017-Q22,0112,566
2017-Q31,1832,199
2017-Q48771,583
2018-Q19211,336
2018-Q22,4372,231
2018-Q33,7542,910
2018-Q41,6571,793
2019-Q12,9891,797
2019-Q22,5022,301
2019-Q33,6283,214
2019-Q42,2262,422
2020-Q12,0932,089
2020-Q21,8521,679
2020-Q33,7913,487
2020-Q43,1472,583
2021-Q13,7163,457
2021-Q22,3562,942
2021-Q32,1493,502
2021-Q42,2752,954
2022-Q16131,774
2022-Q21,9562,307
2022-Q31,4552,133
2022-Q4504620
2023-Q11,3121,163
2023-Q22,3742,070
2023-Q32,8051,926
2023-Q41,0601,061
2024-Q11,3041,124
2024-Q2634705
2024-Q31,2841,140
2024-Q43,4253,404
2025-Q13,1393,351
2025-Q21,5201,204
2025-Q34,1913,277
2025-Q42,6322,909
2026-Q11,8441,987
2026-Q21,7832,125

FreeLine chart

Sell-through ranged from 66% in 2008 Q4 to 154% in 2018 Q1 and was 98.5% in 2026 Q2

Units sold by developers over four quarters divided by units launched over the same four quarters, per cent, 2004 Q4 to 2026 Q2

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Sell-through ranged from 66% in 2008 Q4 to 154% in 2018 Q1 and was 98.5% in 2026 Q2Sell-through is units sold divided by units launched. It can go above 100%, when developers sold more than they launched and so cleared earlier stock.40%60%80%100%120%140%160%20082012201620202024100%Sell-through: 2004-Q4 to 2026-Q2Sell-through, 2026 Q2: 99%Sell-through100%2004-Q4: Sell-through 79%2005-Q1: Sell-through 76%2005-Q2: Sell-through 79%2005-Q3: Sell-through 85%2005-Q4: Sell-through 95%2006-Q1: Sell-through 94%2006-Q2: Sell-through 91%2006-Q3: Sell-through 89%2006-Q4: Sell-through 94%2007-Q1: Sell-through 100%2007-Q2: Sell-through 108%2007-Q3: Sell-through 106%2007-Q4: Sell-through 101%2008-Q1: Sell-through 93%2008-Q2: Sell-through 81%2008-Q3: Sell-through 71%2008-Q4: Sell-through 66%2009-Q1: Sell-through 85%2009-Q2: Sell-through 100%2009-Q3: Sell-through 103%2009-Q4: Sell-through 102%2010-Q1: Sell-through 99%2010-Q2: Sell-through 94%2010-Q3: Sell-through 96%2010-Q4: Sell-through 96%2011-Q1: Sell-through 91%2011-Q2: Sell-through 90%2011-Q3: Sell-through 88%2011-Q4: Sell-through 87%2012-Q1: Sell-through 90%2012-Q2: Sell-through 89%2012-Q3: Sell-through 95%2012-Q4: Sell-through 102%2013-Q1: Sell-through 103%2013-Q2: Sell-through 108%2013-Q3: Sell-through 99%2013-Q4: Sell-through 93%2014-Q1: Sell-through 90%2014-Q2: Sell-through 86%2014-Q3: Sell-through 96%2014-Q4: Sell-through 92%2015-Q1: Sell-through 96%2015-Q2: Sell-through 98%2015-Q3: Sell-through 94%2015-Q4: Sell-through 101%2016-Q1: Sell-through 106%2016-Q2: Sell-through 103%2016-Q3: Sell-through 109%2016-Q4: Sell-through 94%2017-Q1: Sell-through 98%2017-Q2: Sell-through 107%2017-Q3: Sell-through 118%2017-Q4: Sell-through 149%2018-Q1: Sell-through 154%2018-Q2: Sell-through 136%2018-Q3: Sell-through 101%2018-Q4: Sell-through 94%2019-Q1: Sell-through 81%2019-Q2: Sell-through 81%2019-Q3: Sell-through 85%2019-Q4: Sell-through 86%2020-Q1: Sell-through 96%2020-Q2: Sell-through 96%2020-Q3: Sell-through 97%2020-Q4: Sell-through 90%2021-Q1: Sell-through 90%2021-Q2: Sell-through 96%2021-Q3: Sell-through 110%2021-Q4: Sell-through 123%2022-Q1: Sell-through 151%2022-Q2: Sell-through 151%2022-Q3: Sell-through 146%2022-Q4: Sell-through 151%2023-Q1: Sell-through 119%2023-Q2: Sell-through 106%2023-Q3: Sell-through 83%2023-Q4: Sell-through 82%2024-Q1: Sell-through 82%2024-Q2: Sell-through 83%2024-Q3: Sell-through 94%2024-Q4: Sell-through 96%2025-Q1: Sell-through 101%2025-Q2: Sell-through 97%2025-Q3: Sell-through 92%2025-Q4: Sell-through 94%2026-Q1: Sell-through 92%2026-Q2: Sell-through 99%

Sell-through is units sold divided by units launched. It can go above 100%, when developers sold more than they launched and so cleared earlier stock.

Source: Computed from the URA launched and sold series (CCR, RCR, OCR added together) via data.gov.sg. Four-quarter sums, 2004 Q4 to 2026 Q2. Data to 2026 Q2.

View the data as a table
Sell-through ranged from 66% in 2008 Q4 to 154% in 2018 Q1 and was 98.5% in 2026 Q2
PeriodSell-through
2004-Q479%
2005-Q176%
2005-Q279%
2005-Q385%
2005-Q495%
2006-Q194%
2006-Q291%
2006-Q389%
2006-Q494%
2007-Q1100%
2007-Q2108%
2007-Q3106%
2007-Q4101%
2008-Q193%
2008-Q281%
2008-Q371%
2008-Q466%
2009-Q185%
2009-Q2100%
2009-Q3103%
2009-Q4102%
2010-Q199%
2010-Q294%
2010-Q396%
2010-Q496%
2011-Q191%
2011-Q290%
2011-Q388%
2011-Q487%
2012-Q190%
2012-Q289%
2012-Q395%
2012-Q4102%
2013-Q1103%
2013-Q2108%
2013-Q399%
2013-Q493%
2014-Q190%
2014-Q286%
2014-Q396%
2014-Q492%
2015-Q196%
2015-Q298%
2015-Q394%
2015-Q4101%
2016-Q1106%
2016-Q2103%
2016-Q3109%
2016-Q494%
2017-Q198%
2017-Q2107%
2017-Q3118%
2017-Q4149%
2018-Q1154%
2018-Q2136%
2018-Q3101%
2018-Q494%
2019-Q181%
2019-Q281%
2019-Q385%
2019-Q486%
2020-Q196%
2020-Q296%
2020-Q397%
2020-Q490%
2021-Q190%
2021-Q296%
2021-Q3110%
2021-Q4123%
2022-Q1151%
2022-Q2151%
2022-Q3146%
2022-Q4151%
2023-Q1119%
2023-Q2106%
2023-Q383%
2023-Q482%
2024-Q182%
2024-Q283%
2024-Q394%
2024-Q496%
2025-Q1101%
2025-Q297%
2025-Q392%
2025-Q494%
2026-Q192%
2026-Q299%

FreeLine chart

Unsold homes were 14,929 in 2026 Q2, about a third of the 2008 Q2 peak of 43,473

Unsold units in uncompleted private projects (launched or not), quarter end, ECs excluded, 2006 Q3 to 2026 Q2

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Unsold homes were 14,929 in 2026 Q2, about a third of the 2008 Q2 peak of 43,473Unsold units in uncompleted private projects (launched or not), quarter end, ECs excluded, 2006 Q3 to 2026 Q2010,00020,00030,00040,00050,00020082012201620202024Unsold: 2006-Q3 to 2026-Q2Unsold, 2026 Q2: 14,929Unsold2006-Q3: Unsold 35,5882006-Q4: Unsold 32,5432007-Q1: Unsold 32,7462007-Q2: Unsold 30,1582007-Q3: Unsold 38,0132007-Q4: Unsold 38,2602008-Q1: Unsold 42,6852008-Q2: Unsold 43,4732008-Q3: Unsold 42,9182008-Q4: Unsold 43,4142009-Q1: Unsold 42,0452009-Q2: Unsold 38,4822009-Q3: Unsold 34,1202009-Q4: Unsold 34,2342010-Q1: Unsold 34,2332010-Q2: Unsold 32,6302010-Q3: Unsold 33,7712010-Q4: Unsold 32,7762011-Q1: Unsold 34,2662011-Q2: Unsold 33,8992011-Q3: Unsold 39,1112011-Q4: Unsold 39,1842012-Q1: Unsold 36,5522012-Q2: Unsold 38,1752012-Q3: Unsold 36,6062012-Q4: Unsold 36,3522013-Q1: Unsold 35,5642013-Q2: Unsold 33,2552013-Q3: Unsold 31,0042013-Q4: Unsold 30,8192014-Q1: Unsold 29,4822014-Q2: Unsold 27,0242014-Q3: Unsold 28,1202014-Q4: Unsold 26,7422015-Q1: Unsold 27,0612015-Q2: Unsold 24,4352015-Q3: Unsold 22,4562015-Q4: Unsold 23,2712016-Q1: Unsold 22,3702016-Q2: Unsold 21,4892016-Q3: Unsold 20,5772016-Q4: Unsold 19,0712017-Q1: Unsold 15,9302017-Q2: Unsold 15,0852017-Q3: Unsold 16,0312017-Q4: Unsold 18,8912018-Q1: Unsold 23,5142018-Q2: Unsold 26,9432018-Q3: Unsold 30,4672018-Q4: Unsold 34,8242019-Q1: Unsold 36,8392019-Q2: Unsold 33,6732019-Q3: Unsold 31,9482019-Q4: Unsold 30,1622020-Q1: Unsold 29,1492020-Q2: Unsold 27,9772020-Q3: Unsold 26,4832020-Q4: Unsold 24,2962021-Q1: Unsold 21,6022021-Q2: Unsold 19,3842021-Q3: Unsold 17,1402021-Q4: Unsold 14,1542022-Q1: Unsold 14,0872022-Q2: Unsold 15,8052022-Q3: Unsold 15,6772022-Q4: Unsold 16,0242023-Q1: Unsold 16,2522023-Q2: Unsold 17,4842023-Q3: Unsold 16,7472023-Q4: Unsold 16,9292024-Q1: Unsold 19,9362024-Q2: Unsold 20,5662024-Q3: Unsold 19,9402024-Q4: Unsold 19,4052025-Q1: Unsold 18,1252025-Q2: Unsold 18,4982025-Q3: Unsold 17,0292025-Q4: Unsold 14,8592026-Q1: Unsold 16,0952026-Q2: Unsold 14,929

Source: URA unsold private homes by region (CCR, RCR, OCR added together) via data.gov.sg. Data to 2026 Q2.

Licence: green class (Singapore Open Data Licence).

View the data as a table
Unsold homes were 14,929 in 2026 Q2, about a third of the 2008 Q2 peak of 43,473
PeriodUnsold
2006-Q335,588
2006-Q432,543
2007-Q132,746
2007-Q230,158
2007-Q338,013
2007-Q438,260
2008-Q142,685
2008-Q243,473
2008-Q342,918
2008-Q443,414
2009-Q142,045
2009-Q238,482
2009-Q334,120
2009-Q434,234
2010-Q134,233
2010-Q232,630
2010-Q333,771
2010-Q432,776
2011-Q134,266
2011-Q233,899
2011-Q339,111
2011-Q439,184
2012-Q136,552
2012-Q238,175
2012-Q336,606
2012-Q436,352
2013-Q135,564
2013-Q233,255
2013-Q331,004
2013-Q430,819
2014-Q129,482
2014-Q227,024
2014-Q328,120
2014-Q426,742
2015-Q127,061
2015-Q224,435
2015-Q322,456
2015-Q423,271
2016-Q122,370
2016-Q221,489
2016-Q320,577
2016-Q419,071
2017-Q115,930
2017-Q215,085
2017-Q316,031
2017-Q418,891
2018-Q123,514
2018-Q226,943
2018-Q330,467
2018-Q434,824
2019-Q136,839
2019-Q233,673
2019-Q331,948
2019-Q430,162
2020-Q129,149
2020-Q227,977
2020-Q326,483
2020-Q424,296
2021-Q121,602
2021-Q219,384
2021-Q317,140
2021-Q414,154
2022-Q114,087
2022-Q215,805
2022-Q315,677
2022-Q416,024
2023-Q116,252
2023-Q217,484
2023-Q316,747
2023-Q416,929
2024-Q119,936
2024-Q220,566
2024-Q319,940
2024-Q419,405
2025-Q118,125
2025-Q218,498
2025-Q317,029
2025-Q414,859
2026-Q116,095
2026-Q214,929

FreeFlowchart

How I read sell-through together with the stock of unsold homes

Reading rules from this section; not a forecast

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How I read sell-through together with the stock of unsold homesReading rules from this section; not a forecastFour-quarter rate. near or above 100%?Four-quarter ratenear or above 100%?Stock of one to. two years of sales?Stock of one totwo years of sales?Strong demand. 2021, 2022, 2026Strong demand2021, 2022, 2026Stock of four years. or more of sales?Stock of four yearsor more of sales?Weak demand. 2008, 2019Weak demand2008, 2019yesyesnoyesIf neither test is met, I see no clear signal.

Source: PropInsights reading rules. Years named are quarters in which the test held, from URA data via data.gov.sg.

View the data as a table
How I read sell-through together with the stock of unsold homes
StepDetailLeads to
Four-quarter ratenear or above 100%?Stock of one to (yes); Stock of four years (no)
Stock of one totwo years of sales?Strong demand (yes)
Strong demand2021, 2022, 2026
Stock of four yearsor more of sales?Weak demand (yes)
Weak demand2008, 2019