January new home sales rebound 2.4 times m-o-m to 466 units as launches revive market
In the CCR, Newport Residences sold 132 of its 246 units at a median price of $3,070 psf during its January launch (Photo: City Developments Ltd)
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Developers’ private new home sales rebounded strongly in January, with 466 units sold (excluding executive condominiums, or ECs). That is almost 2.4 times the 197 units transacted in December, and marks the highest monthly tally in three months.
The pickup signals a return of homebuying interest following the traditional year-end lull.
However, on a year-on-year basis, January’s sales were 57% lower than the 1,083 units sold in January 2025, when the 777-unit The Orie was launched and drove volumes higher.
Developers launched 786 new private homes in January — a sharp increase from just 52 units released in December — providing fresh options across market segments.
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Launch momentum led by Newport and Narra
The month’s activity was anchored by the launch of Newport Residences in the Core Central Region (CCR), Narra Residences in the Outside Central Region (OCR), and Coastal Cabana — the first EC launch of the year.
Newport and Narra collectively accounted for 254 units, or 54.5% of January’s private home sales.
In the OCR, transactions were spearheaded by the 540-unit Narra Residences at Dairy Farm Walk, where 122 units were sold at a median price of $2,148 psf. Overall, the OCR made up 39.3% of January’s sales, followed by the CCR at 34.8% and the Rest of Central Region (RCR) at 26.0%, notes Mark Yip, CEO of Huttons Asia.
At the 540-unit Narra Residences at Dairy Farm Walk, 122 units were sold at a median price of $2,148 psf (Photo: Santarli Realty and Apex Asia)
Yip says around 80% of buyers at Narra Residences purchased units priced at $2 million or below — an affordable price point that continues to attract HDB upgraders.
The OCR is expected to see heightened activity in the coming months, adds PropNex head of research Wong Siew Ying. Upcoming launches include the 588-unit Pinery Residences in Tampines, the 515-unit Vela Bay in the new Bayshore precinct, the 863-unit Tengah Garden Residences, and the 502-unit Lentor Garden Residences.
CCR rebound driven by Newport Residences
In the CCR, Newport Residences sold 132 of its 246 units at a median price of $3,070 psf during its January launch.
“It reflects a continuation of the buying interest in new prime residential stock, following the strong rebound in CCR developers’ sales in 2025,” says Wong. January’s CCR sales of 162 units were significantly higher than the 20 units sold in December and 30 units transacted in November, underscoring renewed activity in the prime segment.
The upcoming launch of the 455-unit River Modern — located near Great World MRT station — is expected to benefit from this sustained interest.
Yip notes that while Singaporeans accounted for 82.6% of Newport buyers, foreigners accounted for 3% — a slightly higher proportion than in other CCR launches since 2H2025. “This could be due to the location of Newport Residences in the CBD,” he says.
About 75% of units sold at Newport were priced at $2.5 million and below, which Yip considers “a very attractive price point” for buyers seeking a freehold project in the CCR.
RCR buyers revisit existing launches
With no fresh RCR projects launched in January, buyers turned to existing developments.
New home sales in the RCR totalled 121 units, slightly higher than the 110 units sold in December. Projects driving sales included: Grand Dunman (17 units at a median $2,475 psf); The Continuum (16 units at a median $2,826 psf); One Marina Gardens (13 units at a median $3,013 psf); and Bloomsbury Residences (11 units at a median $2,536 psf)
“Homebuyers will continue to revisit existing launches, in view of the relatively tighter supply pipeline in the RCR in 2026,” says Wong.
Coastal Cabana sold 504 units (67.4%) of its 748 units at a median price of $1,790 psf (Photo: Qingjian Realty)
EC sales surge on Coastal Cabana launch
In the EC segment, sales surged to 524 units in January, up from 37 units in December — largely driven by the launch of Coastal Cabana in Pasir Ris, the first EC launch there since 2013.
Coastal Cabana sold 504 units (67.4%) of its 748 units at a median price of $1,790 psf.
New EC sales are likely to remain strong in 2026, supported by multiple upcoming launches. The next EC project is the 572-unit Rivelle Tampines at Tampines Street 95, near Tampines West MRT station.
Local buyers dominate; luxury deals resurface
Singaporeans continued to anchor the market, accounting for 402 units of new private homes sold in January, says Marcus Chu, CEO of ERA Singapore.
Huttons’ Yip adds that while Singaporeans made up 87.3% of buyers, permanent residents (PRs) accounted for 10.8%.
Luxury activity also picked up, with eight new private homes transacted at $5 million or more. The highest-value deal was a 2,067 sq ft four-bedroom premium unit at Newport Residences, purchased by a Singapore PR for $8.65 million, notes Chu.
“All in all, January delivered a strong performance in the new sales market, headlined by launches across the CCR, OCR and EC segments,” he says.
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