Singapore’s Executive Condominium (EC) market reached a new milestone in March 2026, with sales surpassing the S$2m mark, according to Realion (OrangeTee & ETC) Group. The surge follows a significant rebound in new sales transactions post-Lunar New Year, with three new projects launched, including an EC in Tampines.
Data from the Urban Redevelopment Authority (URA) revealed that new private home sales, excluding ECs, soared by 428.5% from February to March, reaching 1,300 units. Year-on-year, this marks a 78.3% increase from March 2025. Including ECs, total new home sales jumped 628.2% month-on-month to 1,937 units.
The EC market saw 275 units sold for at least S$2m, setting a monthly record. The Rivelle Tampines project was a significant contributor, with 530 of its units sold. “Rivelle Tampines drew strong interest from first-time homebuyers and HDB upgraders,” noted Christine Sun, Chief Researcher & Strategist at Realion.
March’s sales were bolstered by the launch of Rivelle Tampines, River Modern, and Pinery Residences. Pinery Residences emerged as the best-selling project with 543 units sold. River Modern also performed well, selling 416 units due to its prime location in the Core Central Region.
Looking ahead, the suburban market is expected to see more activity in April with the launch of Vela Bay and Tengah Garden Residences. Despite geopolitical tensions, demand remains robust, supported by low interest rates and strong employment. Investors continue to show interest in luxury properties, viewing Singapore as a “safe haven” for wealth preservation.
