The sale of new condominium units virtually ground to a halt last month as the lack of any new launch project and the nearly month-long school holiday weighed on sales in the primary market. In total, 156 private homes (excluding Executive Condominium units) were sold by developers in June 2026. This is the lowest sales figure in the primary market since February 2024, when developers only sold 153 units. The transaction volume of developer sales last month also represents a 65.1% m-o-m decline compared to the 447 units moved by developers in May 2026. On a yearly basis, the dip in new condo sales is 42.6% less compared to the 272 units sold in June 2025. The cyclical lull in the new launch market is unsurprising when we consider that most developers typically scale back their project launches during the June school holidays, which is a period when buyers and agents typically travel overseas, says Christine Sun, Chief Researcher & Strategist at Realion (OrangeTee & ETC) Group.  ...