Pinery Residences 92.5% sold at $2,546 psf on launch weekend, continuing Tampines sales momentum
The crowd at Pinery Residences where 544 units (92.5%) were sold at an average of $2,546 psf this weekend (Photo: Hoi Hup/Sunway MCL)
Ask Buddy
Pinery Residences, a joint venture by Hoi Hup Realty and Sunway MCL, saw 544 units (92.5%) sold over its launch weekend from March 28 to 29, at an average price of $2,546 psf.
Developers had earlier collected nearly 1,300 cheques as expressions of interest, indicating the project was about two times subscribed.
“The strong sales at launch reflect continued demand for well-located integrated developments in established residential estates,” says a spokesperson for the developers.
Get the latest details on available units and prices for Pinery Residences
Units were sold from $1.486 million for a two-bedroom unit to $3.708 million for a five-bedroom unit. Singaporeans and permanent residents accounted for nearly all buyers, the spokesperson adds.
Take-up on launch weekend
The robust take-up and pricing above $2,500 psf make it “the best-selling integrated development” in Tampines by percentage sold, says Mark Yip, CEO of Huttons Asia.
All two-bedroom units were fully sold, while only one three-bedroom unit remains available. Four-bedroom units were also fully taken up. According to Huttons Data Analytics, owner-occupiers are estimated to make up about 80% of buyers, with investors accounting for the remaining 20%.
The project’s appeal lies in its location within the mature estate of Tampines West, its direct underground link to Tampines West MRT Station, and the upcoming 121,600 sq ft Pinery Mall. The retail podium will be anchored by a FairPrice supermarket (12,700 sq ft), a Kopitiam food court (11,000 sq ft) and a Mulberry Learning preschool (7,000 sq ft).
Pinery Residences is also within 1km of several primary schools, including St Anthony’s Canossian Primary School, St Hilda’s Primary School and Tampines Primary School.
Via the Downtown Line, Tampines West MRT Station provides direct connectivity to the Tampines Regional Centre and the CBD.
The preview weekend attracted 8,500 visitors, and nearly 1,300 cheques were collected ahead of the launch as expressions of interest (Photo: Hoi Hup Realty/Sunway MCL)
A week earlier, on March 20–21, the 572-unit Rivelle Tampines executive condominium (EC) also achieved a 92.5% take-up rate over its launch weekend, with prices averaging $1,893 psf, excluding the 3% premium for buyers who opted for the deferred payment scheme.
Marcus Chu, CEO of ERA Singapore, attributes part of the demand to “spillover” from buyers who missed out on Rivelle Tampines EC, as well as households whose combined monthly income exceeds the $16,000 ceiling for EC eligibility.
“Tampines continues to draw HDB upgraders and families who prefer to remain within a mature estate with established amenities and connectivity,” says Chu. With no new government land sales (GLS) sites slated for Tampines in the near term — and only one more private residential launch expected in the east this year, Vela Bay in Bayshore — Chu says this reflects “sustained buyer confidence in homes in the east”.
The take-up at Pinery Residences also surpassed that of Parktown Residence, a 1,193-unit project launched in February 2025, which recorded over 87% sales during its launch weekend, notes Mohan Sandrasegeran, head of research and data analytics at SRI.
“The stronger absorption underscores the depth of genuine homebuyer demand in Tampines, particularly for developments offering direct MRT connectivity, integrated convenience and proximity to established amenities and schools,” he adds.
Based on recent performance, Pinery Residences could rank among the best-selling new launches in Tampines in over a decade, according to SRI.
This reflects not just project-specific attributes, but also the strength of Tampines as a mature regional centre with a sizeable upgrader base and sustained housing demand.
Considered Singapore’s largest HDB town, Tampines had more than 84,200 HDB flats under management as at end-March 2025, with a resident population of over 246,300 living in HDB flats, says Kelvin Fong, CEO of PropNex.
The momentum is not limited to Tampines. On March 7, GuocoLand sold over 90% of the 455 units at River Modern in prime District 9 at an average price of $3,266 psf.
With over 540 units sold over the weekend, PropNex estimates that developers collectively sold close to 2,000 new homes (excluding ECs) in 1Q2026. “The sales momentum is expected to carry into 2Q2026, supporting demand for upcoming launches such as Vela Bay, Tengah Garden Residences, Hudson Place Residences and Lentor Garden Residences,” says Fong.
While near-term momentum remains strong, as geopolitical tensions in the Middle East persist, it remains to be seen whether current homebuying momentum can be sustained.
Check out the latest listings for Pinery Residences properties
Ask Buddy
Follow Us
Property updates, 24/7.
Subscribe to Newsletter
Market insights, delivered weekly.
Related Articles
Top Articles
Search