Tengah Garden Residences drew 2,000 groups of visitors over the past fortnight (Photo: Hong Leong Holdings)
About 853 units (98.8%) of the 863-unit Tengah Garden Residences were sold on launch weekend by 3pm April 26, at an average price of $2,120 psf.
Demand was robust across all unit types, with only 10 units available, mainly the largest four-bedroom premium with yard.
Developed by a joint venture between Hong Leong Holdings, GuocoLand and CSC Land Group, the 99-year leasehold project is the first private condominium in Tengah New Town,
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Singaporeans accounted for 90% of purchasers, highlighting strong local demand for well-located, thoughtfully designed homes. “Buyers were drawn by the project’s attractive pricing across a broad spectrum, as well as its integrated amenities within a new growth area,” says Betsy Chng, head of sales and marketing at Hong Leong Holdings.
Strong sales at Tengah Garden Residences, where 853 units have been sold on launch weekend (Source: Agents)
The near sell-out makes it the best-selling launch of 2026 by number of units sold, says Mark Yip, CEO of Huttons Asia.
It is also the strongest launch since ParkTown Residences in February 2025, which saw 1,041 units (87%) sold on launch day. By percentage, Tengah Garden Residences is the best-performing launch since Skye at Holland in October 2025, when 98.8% of its 666 units were taken up.
The project drew about 2,000 expressions of interest during the preview period. On the eve of its public launch (April 24), about 437 units (50.6%) were sold during a private preview for VIP buyers, including multiple-unit purchasers and existing Hong Leong customers.
Analysts attribute the take-up to a combination of first-mover advantage and attractive pricing.
Three earlier project launches were executive condominium (EC) projects, including Copen Grand (100% sold within a month), Novo Place (fully sold within eight months), and Otto Place, which is 98.7% sold since its launch last July.
“Tengah Garden Residences drew keen demand as the first private residential project in Tengah apart from ECs,” says Justin Quek, CEO of Realion (OrangeTee & ETC) Group. “Buyers may have seized the opportunity to enter the area as it continues to develop with more amenities.”
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The development also benefits from a direct connection to the upcoming Hong Kah MRT Station on the Jurong Region Line, as well as about 32,292 sq ft of commercial space comprising F&B outlets, retail shops and services.
Units comprise one- to four-bedroom layouts ranging from 485 sq ft to 1,260 sq ft. All unit types were sold out except for the four-bedroom-plus-yard units.
Indicative prices start from $980,000 ($2,025 psf) for one-bedroom units, $1.11 million ($1,779 psf) for two-bedders, $1.588 million ($1,993 psf) for three-bedders and $2.288 million ($2,025 psf) for four-bedders.
The relatively accessible price quantum — with most units below $2.5 million — is believed to have attracted HDB upgraders, says Quek.
Two-bedroom units starting from $1,779 psf are priced close to some recent EC launches, notes Huttons. “It is probably one of the most attractively priced private residential projects in 2026,” adds Huttons’ Yip.
Hong Leong’s Chng observed strong demand from upgraders and right-sizers across nearby western estates such as Bukit Batok, Choa Chu Kang, Jurong East and West, and Bukit Panjang, “reinforcing the appeal of a future-ready township with strong connectivity and long- term potential”.
Read also: Tengah Garden Residences draws 1,300 groups at preview, with prices from $1,779 psf
About 7,500 four- and five-room flats in nearby towns such as Bukit Batok and Bukit Panjang are expected to reach their minimum occupation period (MOP) between 2022 and 2026, according to Realion.
The project’s proximity to schools and the upcoming Jurong Lake District also boosted its appeal among families.
“We are seeing buyers draw parallels with early-stage Punggol and Bidadari,” says Marcus Chu, CEO of ERA Singapore. “These were once emerging towns — today, they are established residential hubs. Tengah is expected to follow a similar trajectory over the next decade.”
Beyond HDB upgraders, the project also attracted younger buyers seeking a more accessible entry into the private housing market, he adds.
“What stands out is that buyers are increasingly comfortable entering new townships early, as long as there is a clear development roadmap,” continues Chu. “Today’s buyers are not just buying a home — they are buying into a growth phase.”
The fact that four new launches this year -- Tengah Garden Residences, Pinery Residences, Rivelle Tampines and River Modern -- have each garnered over 90% take-up in quick succession "is a strong signal of underlying resilience and buyer confidence in Singapore’s private housing market", says Kelvin Fong, CEO of PropNex.
"It also suggests that demand remains firmly anchored by genuine owner-occupiers and investors, who are taking a long-term view on their property purchase," adds Fong. "In addition, we believe the moderate prevailing interest rates and project pricing discipline in today’s market have also provided an environment where buyers are ready to commit, especially for well-located developments with a good value proposition."
Huttons notes that long-term capital appreciation remains a key consideration for homebuyers. The URA property price index shows that property prices in Singapore have appreciated by 24.5 times since 1975, reinforcing property’s appeal as a long-term investment.
A recent survey also indicates that many dual-income, no-kids couples prefer private housing, which may have supported demand at recent launches, adds Yip.
In 1Q2026, the Outside Central Region (OCR) led new home sales, with 916 units transacted — the strongest quarterly performance since 3Q2025, when 1,295 units were sold, says Mohan Sandrasegeran, head of research and data analytics, SRI.
The combined sales from Tengah Garden Residences and Vela Bay — totalling about 1,224 units — have already exceeded overall OCR sales in 1Q2026, he adds. This momentum is likely to push OCR new home sales past the 1,000-unit mark in 2Q2026.
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