February 2026 witnessed a significant drop in property launches in Singapore, with only 15 units introduced to the market. This represents a 98.1% decrease from the previous month and a 99.1% decline compared to February 2025, marking the lowest number of units launched since data collection began in 2007. The Chinese New Year, which fell in the middle of the week, was a major factor as developers opted to delay new launches.
Despite the limited launches, 246 units were sold in February 2026, a 47.2% decrease from January and an 84.6% decline from the same period last year. Mark Yip, CEO of Huttons Asia, noted that the underlying demand for properties remains robust. “Many buyers with school-going children did not travel overseas, allowing them to visit show galleries on weekdays,” he explained.
The Rest of Central Region (RCR) accounted for over 41% of sales, followed by the Outside Central Region (OCR) at 32.5%, and the Core Central Region (CCR) at 25.6%. Newport Residences, launched in January 2026, was a top choice in the CCR, with a median price of $3,059 per square foot (psf).
Looking ahead, March 2026 is expected to see a surge in sales, potentially exceeding 1,000 units, with two major project launches. River Modern, which sold 410 units on its launch weekend, and Pinery Residences in Tampines are anticipated to attract both owner-occupiers and investors. Despite potential cost pressures from geopolitical tensions, developers are likely to continue with project launches, with transaction volumes estimated between 8,000 and 10,000 units for 2026.
