The Sinking City 2

A third-person survival horror from Frogwares, set in a flooded, Lovecraftian 1920s Arkham. Launches August 18, 2026 on PC, PS5 and Xbox Series X|S. It's $49.99, the free demo it launched with is no longer listed on Steam (checked September 26, 2026), and Premium Edition pre-orders played 24 hours early.

Out Aug 18, 2026 · Pre-orders live PC · PS5 · Xbox Series X|S Survival Horror $49.99
The Sinking City 2 key art: a soaked street in Arkham at night, fog over flooded buildings

What is The Sinking City 2?

It's the sequel to the 2019 detective-horror The Sinking City, but it's not the same game twice. Frogwares leaned hard into survival horror this time: deliberate pacing, tight resources, inventory you actually have to think about, and fear as something you manage rather than a jumpscare generator. You explore drowned Arkham on foot and by skiff, double back through shortcuts for supplies, and take on optional investigations that open safer routes and upgrade your gear.

The story: a ritual went wrong and trapped the woman you love in the Dreamlands. Malevolent forces stole her body, and you walk a flooded city toward the source of the disaster to get her back.

Frogwares built the game in Kyiv through Russia's war in Ukraine, after a years-long court fight with its former publisher over the original IP. Worth knowing when you see the price below — this is a $50 game from a studio that deliberately undersold a AAA-sized idea.

How it plays

The Sinking City 2 gameplay: a character with a lantern wading through flooded Arkham streets

Getting started (before you even buy)

The smartest first step used to be the free demo on Steam — the same opening that sold the community on the game months before launch. It is not listed on Steam any more (checked September 26, 2026), so the equivalent now is watching the opening on YouTube. People on r/survivalhorror called it "shockingly excellent" the week it dropped, and the "are you looking forward to it" thread pulled 323 upvotes.

When the full game unlocks, a few habits help from hour one:

$49.99 No launch discount

Steam price as of Aug 17, 2026 (Standard Edition). Deluxe is $54.99, Premium is $59.99 — Premium adds 24-hour advanced access (playable from Aug 17), the Chthonic Arsenal weapon set, the Arkham Field Kit, and a haunted-mansion side mission. Prices change, so check the store page before you buy.

The Sinking City 2 gameplay: a decrepit indoor scene with strange cult markings on the walls

Quick facts & FAQ

Watch it

Official Game Overview Trailer: The Sinking City 2 — Official Game Overview Trailer. And if you want mechanics, the Official Gameplay Reveal Trailer shows more of the combat and the flooded city.