In April 2026, Singapore’s property market experienced a significant boost, with 1,548 units sold—an increase of 19.1% from the previous month and more than double the sales from April 2025. This surge was driven by the launch of new residential projects, including Tengah Garden Residences and Vela Bay, marking the first private developments in their respective areas.
Developers launched 1,426 units in April, a 36.7% increase from March 2026. Tengah Garden Residences emerged as the best-selling project, with 855 units sold, capitalising on its strategic location near Hong Kah MRT station and other amenities. Vela Bay also performed well, selling 370 units and setting a new benchmark median price of $2,865 per square foot in the Outside Central Region (OCR).
Mark Yip, CEO of Huttons Asia, noted that buyers were eager to seize the first-mover advantage, opting to purchase rather than wait for future opportunities. The high sales rates at both projects indicated that buyers were not deterred by limited car parking options, as both developments are in car-lite precincts.
The majority of sales in April were concentrated in the OCR, accounting for 87.7% of transactions. Singaporean buyers made up 89.1% of the market, the highest proportion since August 2025. Most transactions were priced below $2.5m, aligning with buyer preferences.
Looking ahead, fewer units are expected to launch in May 2026, with sales projected to be between 400 and 500 units. Upcoming projects include Duet @ Emily, Hudson Place Residences, and Verde Joo Chiat, which are anticipated to attract interest despite the tighter market conditions.
