Singapore’s property market witnessed a significant uptick in developer sales in March 2026, with 1,300 units sold, marking a more than fivefold increase from February’s 246 units. This surge, the highest for March since 2017, reflects a robust demand for new homes despite geopolitical tensions in the Middle East, according to Leonard Tay, Head of Research at Knight Frank Singapore.
The month’s sales were bolstered by successful launches of Pinery Residences and River Modern, which sold 543 and 416 units respectively, both exceeding 90% of their project totals. Rivelle Tampines Executive Condominium also saw strong sales, with 530 units sold out of 572.
Knight Frank’s report highlights a continued momentum in the Core Central Region (CCR), driven by local buyers viewing prime properties as sound investments. Despite the Additional Buyer’s Stamp Duty, the demand for well-located projects remains strong. As global uncertainties persist, Singapore’s status as a stable financial hub may attract more investors, although the impact on prime homes is expected to be gradual.
The report also notes a growing price gap between new launches and the resale market. In Q1 2026, new sales in the CCR averaged S$3,174 per square foot, 42.8% higher than resales. This trend is mirrored in other regions, with the Outside Central Region showing the largest disparity at 61%.
Looking ahead, Singapore’s non-landed private residential market is projected to remain healthy, with annual sales expected to reach between 8,000 and 10,000 units. However, rising energy prices and potential labour market impacts could affect buyer sentiment.
