April 2026 marked a significant uptick in Singapore’s property market, with new home sales reaching their highest level since October 2025. According to CBRE Research, 1,548 new private homes were sold, a 19.1% increase from March’s 1,300 units and a staggering 129.3% rise compared to April 2025. This surge was primarily driven by robust demand for new major launches.
Two key projects, Tengah Garden Residences and Vela Bay, were instrumental in this growth. Tengah Garden Residences, located at Tengah Garden Avenue, nearly sold out with 855 of its 863 units purchased at a median price of $2,111 per square foot (psf). Vela Bay, situated at Bayshore Walk, sold 370 out of 515 units at a median price of $2,865 psf, setting a new price benchmark for the Outside Central Region (OCR).
Tricia Song, CBRE Head of Research for Singapore and Southeast Asia, noted that despite economic uncertainties and the ongoing Middle East conflict, homebuying appetite has remained resilient. “The success of these projects highlights the continued demand for well-located developments near MRT stations,” she said.
The OCR dominated April’s sales, accounting for 88% of the total, whilst the Rest of Central Region (RCR) and Core Central Region (CCR) contributed 10% and 2%, respectively. Looking forward, CBRE anticipates a moderation in sales due to fewer major launches in May, but expects activity to pick up with upcoming high-profile projects.
CBRE forecasts that 7,500 to 8,500 new homes will be sold in 2026, with private home prices projected to grow by 2% to 4%.
