Developers Sold Over 1,300 New Homes in March 2026

Pinery Residences, a mixed-use development in Tampines West, was the best selling new launch project in March 2026. The 588-unit development took the top spot on the list of best selling condos, in terms of units sold, when it moved 543 units sold (92.5%) and set a median price of $2,547 psf.

The latest developer sales data was published on Wednesday, April 14, and covers the sale of new private residential units over the entire month of March. The sales figures last month are characterised by a series of near sell-out new launches.

Excluding EC sales, GuocoLand’s River Modern came in a close second with 416 sold units, which is 91.4% of its 455 units, and the strong take-up rate reflects the current appetite for well-located projects bundled with strong locational attributes. The River Valley project commanded a median price of $3,220 psf.

In total, 2,012 new private homes – excluding Executive Condominiums (ECs) – were sold in the first three months of this year, with 1,300 condominium units sold in March alone. This contributed to a 428.5% m-o-m increase in developer sales, after market activity was tampered in February due to the Chinese New Year festivities.

New projects in Tampines West dominate March sales

The success of two new projects in Tampines West  dominated the list of best-selling condos in March. These are the EC project Rivelle Tampines and Pinery Residences.

Located on Bedok Reservoir Road, Pinery Residences is developed by Hoi Hup Realty and Sunway MCL. The project boasts direct underground access to Tampines West MRT station on the Downtown Line, and proximity to several primary schools.

These attributes, and the attractive price of units, contributed significantly to the project’s near sell-out sales performance during its initial weekend launch, and made it a popular choice with young families and nearby HDB upgraders.

Pinery Residences was only the only new project to hit Tampines West last month. It is also next to Rivelle Tampines, an EC project which had its sales launch the week earlier.

Rivelle Tampines sold 530 units over the whole of March, which translates to 92.7% of its total units. The EC also set a median selling price of $1,937 psf. Its initial weekend sales launch made it the best-selling EC launch since Hundred Palms Residences in July 2017, and demand was likely driven by the limited EC supply in mature estates in the East. 

Overall, there were 637 new EC units sold last month, which reflects a staggering 3,085% m-o-m increase over the sales figure in February 2026 – but there were no new EC launches that month. The previous new EC launch was Coastal Cabana in January.

New launch buzz in March

Overall, the year was off to a strong start in the primary market, with the first four private residential projects launched in 1Q2026 selling a total of 1,844 units (excluding ECs), although this figure still fell short of the 3,139 units sold in the same period last year.

A few reasons for the rebound in new home sales from February include a post-festive seasonal spike and a series of well-positioned launches.

Wong Shanting, Director and Head of Research at Newmark noted that overall, homebuyer demand remains genuine and intact, underpinned largely by domestic demand from Singaporeans.

74.3% of new home transactions were priced below $3.0 million, reflecting continued price sensitivity among local buyers. Demand from singles, smaller families and investors remain stable, with 28.8% of transactions falling within $1.5 million to $2.0 million, which are palatable price points for this group of buyers.

After a ramp up in new launch activity last year, marked by several new projects in the Core Central Region (CCR), the luxury residential market also recorded an uptick in transactions. 

Christine Sun, Chief Researcher & Strategist at Realion (OrangeTee & ETC) Group, notes that 49 new non-landed homes were sold for at least $5 million but below S$10 million in March 2026, up from six transactions in February. 

The two highest-value transactions in March were both from 32 Gilstead and involved foreign buyers. Both deals were for four-bedroom units, with one 4,219 sq ft unit and another 4,209 sq ft unit selling for $14.5 million each.

Over in CCR, the launch of River Modern and Newport Residences, a mixed-use development on Anson Road by City Developments, have drawn interest for their prime locations, connectivity and strong value propositions. 

Mohan Sandrasegeran, Head of Research & Data Analytics, SRI observes that the first three months in 2026 recorded the strongest new launch sales in the CCR in recent years, with 1Q2026 new home sales coming in at 697 units compared to 192 units sold  in 1Q2025. 

“The uplift in activity suggests that buyer interest in the prime segment has strengthened meaningfully, reversing the more subdued momentum observed over the past few years,” he says.

He adds that the overall recovery in the CCR appears to be more measured and grounded, supported by genuine purchasing interest rather than speculative activity. “This is an important distinction, as it points to a more sustainable trajectory for the CCR segment moving forward,” he says. 

No sign of slowing down despite Middle East war

As the year progresses, it appears that ongoing Middle East tensions look likely to have little bearing on the robust demand from the primary market, which began building in 2Q2025 and is expected to continue through the rest of 2026 with a pipeline of highly anticipated project launches. 

Overall, with two significant project launches this month – the 515-unit Vela Bay and the 863-unit Tengah Garden Residences – coupled with strong investor interest in luxury properties as seen from River Modern and UPPERHOUSE at Orchard Boulevard, more developer sales in April are expected.

While the primary market gains momentum, the resale market is also benefitting from the re-energised market buying activity and overall buying momentum, says Leonard Tay, Head of Research at Knight Frank Singapore. “While buyers with means gravitate to new high-rise homes, less costly opportunities also open up for the budget conscious whose housing needs are more immediate,” he says.

He also notes that the divergence between new launch pricing and resale values is likely to persist as more price-sensitive buyers turn to the resale market, reinforcing a two-tiered price dynamic across Singapore’s private housing landscape. For instance, in 1Q2026, the median price of new sales in CCR was S$3,174 psf, some 42.8% higher than the corresponding median price of resales at S$2,223 psf. 

For the rest of 2026, industry insiders are confident that sales volumes and take up rates in Singapore’s non-landed private residential market are expected to remain healthy despite the Middle East conflict.

Riding on the promising performance in 1Q2026, new home sales are predicted to fall between 8,000 to 10,000 units for the entire year. The optimism could be pegged to current mortgage rates, which are still considered low compared to two years ago when they peaked over 3%. 

Even though possible rate hikes are not expected to be significant, some investors may choose to move fast to lock in favourable financing. Amidst global uncertainties, higher energy prices and a knock-on effect on inflation could impact on business costs and homebuyer decisions.