Two-Bedders at Pinery Residences Sold Out as the Project Sells Over 92% of Its Units at $2,546 PSF

Joint developers Hoi Hup Realty and Sunway MCL have sold 544 units at Pinery Residences over the  opening sales weekend from March 28-29. This is about 92.5% of the total number of units at the mixed-use project in Tampines West.

The project achieved an average selling price of $2,546 psf, and prices ranged from $1.49 million for a two-bedroom unit to $3.71 million for a five-bedroom unit. Singaporeans and Permanent Residents accounted for nearly all of the buyers.

In a media statement released by the developers on March 29, a spokesperson says: “We are heartened by the positive response and grateful for the trust placed in us by our buyers. The strong sales achieved at launch reflect the project’s compelling value proposition and the continued demand for well-located integrated developments in established residential estates”.

Pinery Residences is the first mixed-use project in Tampines West, and the development has a direct link to Tampines West MRT station on the Downtown Line. The entire project comprises 588 residences spread across six blocks of 14-storey flats complemented by Pinery Mall, a 121,600 sq ft commercial mall.

The unit mix consists of two- to five-bedroom units of 624 – 1,475 sq ft. According to SRI, one of the marketing agents for the project, all of the two-bedroom unit types have been snapped up and most of the three-bedroom unit types have been nearly sold out.

The sales performance of Pinery Residences reflects strong and sustained demand for well-located developments within the Tampines planning area, says Mohan Sandrasegeran, head of research & data analytics at SRI. He adds that the exceptional demand for two- and three-bedroom units suggests strong participation from a wide buyer pool, including young couples, families and HDB upgraders.

This group of local buyers have fuelled most of the buying momentum in Tampines over the past year or so. It comes a week after Rivelle, a neighboring Executive Condo (EC) on Tampines Street 95, was launched for sale over the March 21-22 weekend. The 577-unit EC also moved 92.5% of its units, selling 529 units and setting an average selling price of $1,893 psf, with units sold under the deferred payment scheme carrying an additional 3% premium.

While Pinery Residences and Rivelle are neighbouring developments, Pinery Residences is the only one which features a direct pedestrian connection to Tampines West MRT station.

The near sell-out performance of Rivelle likely helped to generate some spill-over demand from buyers who missed out on a new Executive Condo (EC) project in this area, while some households above the EC income ceiling who are unable to access that segment would have been driven towards the new condo, says Marcus Chu, CEO of ERA Singapore.

He adds that Tampines continues to draw HDB upgraders and families who prefer to remain within a mature estate with established amenities and connectivity.

There will be a sharp increase in the number of HDB flats in Tampines and neighbouring Bedok which will fulfill their minimum occupation period (MOP) in 2026 – from 527 flats in 2025 to 2,133 flats in 2026. With such a large catchment of flats eligible for resale, it is unsurprising that the pent-up demand from HDB upgraders has translated to glowing launch sales for Pinery Residences and other new project launches in this region.

It is also not the first time that a new mixed-use development in Tampines has recorded a very strong sales result during its launch weekend. In February 2025, Parktown Residence, a 1,193-unit integrated development at Tampines St 62, sold 1,041 units (87%) and set an average selling price of $2,360 psf. Jointly developed by UOL Group, Singapore Land, and CapitaLand Development, Parktown Residences has since sold 1,133 units (94%) to date, with the average selling price inching up to $2,368 psf, based on caveats as of March 29.

After the launch of Pinery Residences, there are no launch-ready projects in the East that are expected to hit the market in 2026. This scarcity likely contributed to the healthy sales and strong take-up rates during the launch of Rivelle and Pinery Residences.

“With no upcoming government land sale (GLS) sites in Tampines and a limited pipeline of new launches in the East for 2026, Pinery Residences is entering the market at a time of tightening private housing supply in the region,” says Chu. He adds that against this backdrop, Pinery Residences could be among the last few new launches in Tampines in the near term, threefold positioning it well to capture pent-up demand among private home buyers in this region.

The next new project in the East that will enter the market this year is Vela Bay by SingHaiyi Group and Haiyi Holdings. The developers won the Bayshore Road site in March 2025, with a top bid of $658.89 million, translating to a land rate of $1,388 psf per plot ratio (ppr).