Private developer sales in Singapore surged in March 2026, reaching their highest level since October 2025. A total of 1,300 new private homes were sold, a significant increase from the 246 units sold in February and a 78.3% rise year-on-year from March 2025, according to CBRE Research. This surge followed the launch of 1,043 new units, a stark contrast to the mere 15 units launched in February.
The strong sales performance was largely attributed to two major new launches: River Modern at River Valley Green and Pinery Residences at Tampines Street 94. These projects accounted for 74% of the total sales in March. Pinery Residences led with 543 units sold at a median price of $2,547 per square foot (psf), whilst River Modern sold 416 units at a median price of $3,220 psf.
Despite the economic uncertainty stemming from the Middle East conflict, homebuying interest remained robust, partly due to low mortgage rates. The Outside Central Region (OCR) led sales with 665 units, followed by the Core Central Region (CCR) with 472 units, and the Rest of Central Region (RCR) with 163 units.
Looking ahead, CBRE Research anticipates continued strong interest in upcoming launches, such as Vela Bay in the Bayshore district and Tengah Garden Residence in Tengah. However, potential buyers may exercise caution due to inflationary pressures and geopolitical tensions. CBRE projects that 7,500 to 8,500 new homes will be sold in 2026, with private home prices expected to grow by 2% to 4%.
