Singapore’s property market witnessed a significant upturn in March 2026, with developers launching 1,043 units, a staggering 69.5 times more than February, according to Huttons Asia CEO Mark Yip. This surge in activity came despite geopolitical tensions in the Middle East, which did not deter buyers from flocking to new developments.
River Modern and Pinery Residences were the standout projects, with River Modern selling 416 units at a median price of $3,220 per square foot (psf) in the Core Central Region. Meanwhile, Pinery Residences in the Outside Central Region sold 543 units, or 91.2% of its total, at a median price of $2,547 psf. These sales figures highlight a robust confidence in Singapore’s property market, with buyers undeterred by external uncertainties.
The month saw a total of 1,300 units sold, marking a 428.5% increase from February and a 78.3% rise from March 2025. Singaporeans accounted for 86.3% of the buyers, with permanent residents making up 11.8%. Notably, 43.5% of sales were in the $2.5m to less than $5m range, indicating a strong demand for properties within this price bracket.
Looking ahead, April 2026 is expected to maintain this momentum with the launch of major projects like Tengah Garden Residences and Vela Bay. However, the ongoing Middle East conflict could impact construction costs and potentially lead to higher selling prices. Despite these challenges, transaction volumes for 2026 are projected to reach between 8,000 and 10,000 units, with prices anticipated to grow by 2% to 5%.
