What is months of supply for private homes in Singapore?

Based on the pipeline of 49,443 units and a combined monthly sales run rate of approximately 1,737 units, Singapore's private residential market has roughly 28.5 months of supply as of Q1 2026. This is a PropKaki-computed estimate using URA pipeline and transaction data — it is not an official URA statistic.

Inputs — latest quarter

Computed as: pipeline units ÷ (combined quarterly sales ÷ 3) = months of supply. This is a PropKaki estimate, not an official URA statistic.

How to interpret months of supply

The metric is useful for directional reading, not precision timing. A reading below 6 months suggests the market favours sellers — supply is being absorbed faster than it is being added. A reading above 9 months signals that supply is accumulating faster than buyers can clear it, which eventually puts downward pressure on prices or causes developers to delay launches.

Singapore's government adjusts supply proactively through the Government Land Sales (GLS) programme, which means months of supply can shift significantly between quarters as new sites are released or withheld. Cooling measures on the demand side (ABSD, TDSR, LTV limits) also directly affect the sales pace in the denominator.

Limitations of this metric for Singapore

Singapore's pipeline includes units at all stages — from planning approval through to near-completion. Not all units compete for the same buyer: a unit due to complete in 3 years is not a substitute for a resale unit available now. The months-of-supply figure treats them as equivalent, which overstates the near-term supply available to buyers who want to move in quickly.