Developers’ sales surge more than fourfold m-o-m in March, with 1,300 units sold
The best-performing project in March, in terms of number of units sold, was Pinery Residences, which moved 543 units (92.3%) at a median price of $2,547 psf. (Photo: Samuel Isaac Chua/EdgeProp Singapore)
Ask Buddy
New private home sales surged in March amid a rise in larger-scale launches — the first month this year to cross the 1000-unit threshold. According to URA data released on April 15, developers sold 1,300 new homes, excluding executive condos (ECs), marking a 428.5% m-o-m increase.
On a y-o-y basis, March new home sales were up 78.3% from the 729 units moved in March 2025.
Mohan Sandrasegeran, head of research and data analytics at SRI, attributes the increase in developers’ sales to an increase in the number of units launched after Chinese New Year.
“While the increase was partly due to the lower base recorded in February, the strong new home sales in March reflected healthy homebuying appetite, underpinned by launches with attractive locational attributes,” says Wong Shanting, director and head of research at Newmark.
Search for the latest New Launches, to find out the transaction prices and available units
Including ECs, new home sales rebounded to 1,937 in March, a sharp increase from the 266 units moved a month prior.
Chart: Private residential units, excluding ECs, launched and sold
Source: URA, Newmark Research
Sustained buyer demand
A total of 1,615 new homes, including ECs, were released by developers in March, a “significant rise from the more limited launch pipeline seen in February”, observes SRI’s Sandrasegeran. The higher launch figure came from three new launches — the 455-unit River Modern developed by GuocoLand, the 588-unit Pinery Residences, jointly developed by Hoi Hup Realty and Sunway MCL, as well as the 572-unit Rivelle Tampines EC developed by Sim Lian Group.
Mark Yip, CEO of Huttons Asia, adds that buyers remain largely “unperturbed” by the ongoing Middle East conflict, stemming from sustained confidence in the mid- to long-term prospects of the Singapore property market.
The best-performing project in March, in terms of number of units sold, was Pinery Residences, an integrated development in Tampinese West. The project moved 543 units (92.3%) at a median price of $2,547 psf.
Meanwhile in the Core Central Region (CCR), River Modern saw a total of 416 units (91.4%) taken up at an average price of $3,220 psf in March — making it the best-selling private residential, non-landed project in the CCR to date, says Yip.
Table: Top projects by sales in March 2026
Source: URA, Huttons Data Analytics as of April 15
The launch of Pinery Residences led to the Outside Central Region forming the bulk of last month’s sales, at 665 units, or 51.2%. This was followed by the CCR, which accounted for 472 units, or 36.3%.
Despite the Rest of Central Region seeing the smallest number of transactions at 163 units (12.5%), sales in the region were supported by The Continuum, a freehold condo jointly developed by Hoi Hup Realty and Sunway Property, which launched in May 2023.
Rise in ECs sold for at least $2 million
Within the EC market, a record number of 275 EC units were sold for at least $2 million in March, observes Christine Sun, chief research and strategist at Realion (OrangeTee & ETC). This surpasses the previous monthly high of 150 units recorded in March 2025.
By unit price, Sun adds that 411 EC units were sold for at least $1,900 psf during the month, 410 of which were for units at Rivelle Tampines. The development, which launched later in the month, moved 530 units (92.7%), with prices averaging $1,937 psf.
“EC projects in Tampines were always well-received by buyers due to its Regional Centre status and a large pool of buyers of prime home-buying age,” explains Huttons Asia’s Yip.
He adds that Coastal Cabana, a 748-unit EC in Pasir Ris, saw “spillover interest” from the launch of Rivelle Tampines. The project, which launched in January this year, sold 96 units in March.
Major project launches to drive sales momentum
Looking ahead, SRI’s Sandrasegeran expects upcoming launches to drive the current momentum of developers’ sales.
Kelvin Fong, CEO of PropNex, echoes this sentiment, expecting “healthy buying interest” at the upcoming launches of the 863-unit Tengah Garden Residences on Tengah Garden Avenue and the 515-unit Vela Bay along Bayshore Road.
“Both projects are the first private condo launches in new housing precincts in Bayshore and Tengah which may present upside potential as the precincts undergo transformation,” he adds.
That said, Huttons Asia’s Yip cautions that the ongoing conflict in the Middle East could cause a price hike in new launches due to potential increases in cost and disruptions to construction.
Against this backdrop, he estimates developers could sell between 8,000 to 10,000 units by the end of 2026, with prices expected to grow between 2% to 5%. According to PropNex’s projections, new home sales will likely hover at around 9,000 units, supported by demand from end-users and HDB upgraders.
Ask Buddy
Follow Us
Property updates, 24/7.
Subscribe to Newsletter
Market insights, delivered weekly.
Top Articles
Search