The 863-unit Tengah Garden Residences emerged as the best-selling project of the month, with nearly 99% of units sold during its launch weekend. (Photo: Samuel Isaac Chua/EdgeProp Singapore)
Private new home sales rebounded strongly in April, driven by the launch of two major Outside Central Region (OCR) projects — Tengah Garden Residences and Vela Bay.
According to URA data released on May 15, developers sold 1,548 private new homes (excluding executive condominiums) in April — the highest monthly tally since October 2025, when 2,424 units were transacted, notes PropNex CEO Kelvin Fong.
The April figure was 19.1% higher m-o-m and more than double the level recorded a year ago, says Huttons Asia CEO Mark Yip.
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Source: URA, Huttons Data Analytics (data downloaded on 15 May 2026)
However, including executive condominiums (ECs), total new home sales in April would have been 14.9% lower month-on-month compared with the 1,937 units sold in March, notes Christine Sun, chief researcher and strategist at Realion Group. She attributes the decline to the launch of the 572-unit Rivelle Tampines EC in March.
No new EC projects were launched in April, and no fresh EC supply is expected until early next year, says Huttons. As such, Rivelle Tampines and Coastal Cabana remain the only new EC projects launched so far this year.
The second balloting exercise for Rivelle Tampines drew overwhelming interest from second-timers, with the project fully sold last month. Total EC sales in April came in at 101 units at a median price of $1,905 psf.
“Fresh supply remains constrained alongside shrinking unsold stock due to the absence of new EC launches, with new units only available at Coastal Cabana,” says Sun.
April saw the launch of two milestone projects: the first private residential development in Tengah town, Tengah Garden Residences, and the first private residential launch in the new Bayshore precinct, Vela Bay.
The 863-unit Tengah Garden Residences emerged as the best-selling project of the month, with nearly 99% of units sold during its launch weekend.
Read also: Tengah Garden Residences 99% sold at launch, at average price of $2,120 psf
“The accessible median price of $2,111 psf for Tengah Garden Residences offered buyers one of the most attractive entry points among OCR launches in 2026,” says Huttons’ Yip.
Vela Bay ranked second among the top-selling projects in April, moving 370 units out of 515 released units, translating to a take-up rate of 71.8%. The project also set a new OCR benchmark median price of $2,865 psf.
Together, Tengah Garden Residences and Vela Bay accounted for about 79% of April’s new home sales, notes PropNex’s Fong.
Unsurprisingly, the OCR dominated sales activity, making up 1,358 units or 87.7% of all private new homes sold in April.
“This reflects continued buyer appetite in the OCR, particularly for developments that are well-positioned in terms of location and value proposition,” says ERA Singapore CEO Marcus Chu.
The Rest of Central Region (RCR) accounted for 160 units or 10.3% of sales, while the Core Central Region (CCR) contributed just 30 units or 1.9%, notes Leonard Tay, head of research at Knight Frank Singapore.
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The top-selling RCR project in April was freehold condo The Continuum, which moved 34 units at a median price of $2,796 psf.
“New home sales have been muted in the RCR for some time, with no major RCR launch since The Sen entered the market in November 2025,” says PropNex’s Fong.
Sales activity in the RCR could improve in May with the upcoming launch of the 327-unit Hudson Place Residences in Media Circle — the first major RCR launch of 2026 — over the May 16–17 weekend.
Two more boutique freehold developments could also be launched this month: the 20-unit Duet @ Emily in District 9 and the 18-unit Verde Joo Chiat in District 15.
In the CCR, the best-performing project in April was River Modern, which sold 11 units at a median price of $3,363 psf.
According to PropNex, the three most expensive new homes sold in April were two units at 21 Anderson, which fetched $22.5 million and $21.9 million respectively, and a unit at Skywaters Residences that changed hands for about $12.5 million, based on caveats lodged.
Developers sold 3,561 new homes in the first four months of 2026, 12.1% lower than the 4,050 units transacted over the same period last year, notes CBRE.
“Still, homebuying appetite has remained surprisingly resilient despite heightened volatility and economic uncertainty stemming from the ongoing Middle East conflict,” says Tricia Song, CBRE head of research for Singapore and Southeast Asia.
Song expects sales to moderate in May due to a smaller slate of launches, before picking up again later in the year alongside several high-profile projects.
“That said, downside risks from a prolonged Middle East conflict and a potential global economic slowdown may increase caution among homebuyers, who could become more discerning in their purchase decisions, especially amid inflationary pressures from higher fuel and food prices,” she says. “Competitive and realistic developer pricing will remain critical.”
CBRE Research projects that 7,500 to 8,500 new homes could be sold in 2026, supported by a healthy pipeline of launches, strong household balance sheets and relatively low mortgage rates. The forecast would mark a moderation from the 10,815 units sold in 2025 and is slightly below the five-year average of 8,766 units between 2021 and 2025.
Private home prices, which rose 0.9% in 1Q2026, are expected to grow at a stable pace this year, with CBRE forecasting price growth of 2% to 4% in 2026.
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