Singapore’s property market witnessed a robust start to 2026 with the launch of two major non-landed projects, Narra Residences and Newport Residences. According to Huttons Asia CEO Mark Yip, these launches marked the return of the launch season after the year-end holidays. Narra Residences, priced at a median of $2,148 per square foot (psf), is one of the most affordable new launches this year. Meanwhile, Newport Residences, a rare freehold mixed-use project in the Central Business District, offers a median price of $3,070 psf, making it attractive compared to recent leasehold launches.
In January 2026, developers launched 786 units, a significant increase from December 2025 but 12.3% lower than the previous year. Sales reached 466 units, a 136.5% rise from the previous month, although still 57% lower than January 2025. Narra and Newport Residences accounted for 54.5% of these sales, with the Outside Central Region (OCR) leading at 39.3%, followed by the Core Central Region (CCR) at 34.8%, and the Rest of Central Region (RCR) at 26%.
Singaporeans dominated the buyer demographic, making up 87.3% of purchases. Newport Residences attracted a higher proportion of foreign buyers at 3%, likely due to its prime CBD location. The majority of Newport units sold were priced at $2.5m and below, appealing to those seeking freehold properties in the CCR. Narra Residences attracted HDB upgraders, with 80% of units sold priced at $2m and below.
The outlook for February 2026 suggests a slowdown in sales due to the Chinese New Year holidays, with expectations of 200 to 250 units sold. Upcoming projects such as River Modern and Rivelle Tampines are anticipated to draw interest, with River Modern offering a rare opportunity to own property in prime District 9. The economic forecast for 2026 remains positive, with growth expected between 2% and 4%, supporting a stable property market. Transaction volumes are estimated to reach between 8,000 and 10,000 units, with prices potentially increasing by 2% to 5% this year.
