Industry News

Singapore’s Executive Condominium (EC) market reached a new milestone in March 2026, with sales surpassing the S$2m mark, according to Realion (OrangeTee & ETC) Group. The surge follows a significant rebound in new sales transactions post-Lunar New Year, with three new projects launched, including an EC in Tampines.

Data from the Urban Redevelopment Authority (URA) revealed that new private home sales, excluding ECs, soared by 428.5% from February to March, reaching 1,300 units. Year-on-year, this marks a 78.3% increase from March 2025. Including ECs, total new home sales jumped 628.2% month-on-month to 1,937 units.

The EC market saw 275 units sold for at least S$2m, setting a monthly record. The Rivelle Tampines project was a significant contributor, with 530 of its units sold. “Rivelle Tampines drew strong interest from first-time homebuyers and HDB upgraders,” noted Christine Sun, Chief Researcher & Strategist at Realion.

March’s sales were bolstered by the launch of Rivelle Tampines, River Modern, and Pinery Residences. Pinery Residences emerged as the best-selling project with 543 units sold. River Modern also performed well, selling 416 units due to its prime location in the Core Central Region.

Looking ahead, the suburban market is expected to see more activity in April with the launch of Vela Bay and Tengah Garden Residences. Despite geopolitical tensions, demand remains robust, supported by low interest rates and strong employment. Investors continue to show interest in luxury properties, viewing Singapore as a “safe haven” for wealth preservation.

Amber Group, a leader in digital assets, has unveiled its strategic vision for the future of financial services at the Ethereum Community Conference (ETHCC). The company is pioneering a shift from traditional fintech interfaces to an AI-driven “Agent Economy,” where financial services are delivered through autonomous systems rather than standalone platforms.

This transformation is driven by the evolution of artificial intelligence from simple chatbots to sophisticated workflow engines capable of executing comprehensive financial tasks. Michael Wu, Co-Founder and CEO of Amber Group, stated, “We are moving from an interface economy to a workflow economy where personalisation is the standard and code is cheap.”

Amber Group is developing agent-native operating systems designed to autonomously coordinate user intent, liquidity, and execution, similar to how cloud services simplified web server complexities. This innovation positions Amber Group as a key player in bridging traditional finance with blockchain advancements.

The company’s active participation at ETHCC highlights its commitment to collaborating with European builders and policymakers to establish standards for this new financial era. By deploying these agent-native systems, Amber Group aims to solidify its role as a gateway between traditional finance and blockchain innovation.

Headquartered in Singapore, Amber Group offers a range of services including wealth management, asset management, and market making. The firm leverages AI, blockchain, and quantitative research to deliver tailored solutions to a diverse global clientele, optimising returns across various market conditions.

Sanli Environmental Limited has announced the acquisition of new contracts worth approximately S$14m across both private and public sectors in Singapore. The contracts, secured between 1 January and 31 March 2026, include engineering works, system upgrades, and maintenance services within the water and environmental infrastructure sector.

The majority of these contracts, valued at around S$13.7m, were awarded by Sanli’s major customer for maintenance-related services over a three-year period. This development follows a successful 2025, during which Sanli secured approximately S$590m in new engineering, procurement, and construction (EPC) contracts, elevating its order book to unprecedented levels.

Chief Executive Officer Sim Hock Heng highlighted the significance of 2026 as the company’s 20th anniversary, marking two decades of contributions to Singapore’s water and environmental infrastructure projects. “We believe that the contracts secured during this 3-month period reflect the strength of our established capabilities and track record,” he stated.

Sanli’s focus now shifts to the timely execution of these projects, with an emphasis on maintaining quality, safety, and operational standards. The company also aims to enhance margins through disciplined cost control. Established in 2006 and listed on the SGX-Catalist in 2017, Sanli specialises in water and waste management, offering integrated engineering solutions.

Looking ahead, Sanli plans to diversify its business to develop multiple revenue streams and seize new opportunities within the regional environmental industry.

Geo Energy Resources Limited has announced the successful full subscription of its recent share placement, raising approximately S$18.4m. The placement involved 35 million new ordinary shares priced at S$0.525 each. The majority of these shares were taken up by prominent institutional funds and top-tier investors, including Asdew Acquisitions, ICH AM Funds, and Han Seng Juan.

The strong interest from these investors highlights their confidence in Geo Energy’s strategic direction and growth potential. The company’s market capitalisation has surpassed S$1b, with a closing share price of S$0.615 on 15 April 2026. KGI Securities (Singapore) Pte. Ltd. acted as the placement agent for this exercise.

Geo Energy plans to use the proceeds to bolster its financial position, enhance production capacities at its PT Triaryani operations, and explore expansion opportunities. The company has recently achieved significant milestones, including securing term sheets for haulage volumes and receiving approvals for coal production targets.

Executive Chairman and CEO Charles Antonny Melati expressed pride in the demand from reputable investors, stating, “This reflects their confidence in Geo Energy’s strategic direction, growth prospects, and ability to execute our plans.”

Looking forward, Geo Energy aims to continue scaling its operations and strengthening its market position as a leading energy and infrastructure group in Asia. The company is also set to complete the MBJ Integrated Infrastructure project and increase its coal production capabilities.

InnoTek Limited, listed on the Singapore Exchange (SGX), has successfully completed a private placement raising S$16m to fuel its expansion into artificial intelligence (AI) and new energy sectors. The funds will support the company’s strategic initiatives as it seeks to capitalise on emerging opportunities in these rapidly growing industries.

The private placement marks a significant step for InnoTek as it positions itself to leverage advancements in AI technology and the increasing demand for sustainable energy solutions. This financial boost is expected to enhance the company’s capabilities and competitiveness in these fields.

InnoTek’s management expressed optimism about the company’s future prospects. “This capital injection will enable us to accelerate our growth plans and strengthen our market position in AI and new energy sectors,” the company stated in the press release.

The move comes at a time when both AI and new energy sectors are experiencing substantial growth, driven by technological advancements and a global shift towards sustainability. By investing in these areas, InnoTek aims to tap into new revenue streams and diversify its business operations.

The completion of the private placement underscores InnoTek’s commitment to innovation and its strategic focus on sectors with high growth potential. As the company embarks on this new phase of expansion, it is poised to make significant strides in AI and new energy, potentially reshaping its business landscape in the coming years.

Private developer sales in Singapore surged in March 2026, reaching their highest level since October 2025. A total of 1,300 new private homes were sold, a significant increase from the 246 units sold in February and a 78.3% rise year-on-year from March 2025, according to CBRE Research. This surge followed the launch of 1,043 new units, a stark contrast to the mere 15 units launched in February.

The strong sales performance was largely attributed to two major new launches: River Modern at River Valley Green and Pinery Residences at Tampines Street 94. These projects accounted for 74% of the total sales in March. Pinery Residences led with 543 units sold at a median price of $2,547 per square foot (psf), whilst River Modern sold 416 units at a median price of $3,220 psf.

Despite the economic uncertainty stemming from the Middle East conflict, homebuying interest remained robust, partly due to low mortgage rates. The Outside Central Region (OCR) led sales with 665 units, followed by the Core Central Region (CCR) with 472 units, and the Rest of Central Region (RCR) with 163 units.

Looking ahead, CBRE Research anticipates continued strong interest in upcoming launches, such as Vela Bay in the Bayshore district and Tengah Garden Residence in Tengah. However, potential buyers may exercise caution due to inflationary pressures and geopolitical tensions. CBRE projects that 7,500 to 8,500 new homes will be sold in 2026, with private home prices expected to grow by 2% to 4%.

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%.

Interpath, a prominent international financial advisory firm, has announced the launch of its operations in Singapore as part of its strategic expansion across the Asia-Pacific region. Michael Horn, a restructuring expert with over 30 years of experience, has been appointed to lead the firm’s Singapore operations. Horn’s extensive background includes roles at KPMG Indonesia and various leadership positions in financial institutions and professional services firms.

Interpath’s entry into Singapore marks a significant step in its Asia-Pacific growth, following the opening of its Hong Kong office in April 2025. The firm aims to provide comprehensive financial advisory, deal advisory, and restructuring services to mid-market and large-cap companies, as well as banks and private capital investors across the region.

CEO Mark Raddan highlighted the strategic importance of Singapore, describing it as “one of the world’s most sophisticated financial centres” and a gateway to rapidly growing economies. Rachelle Frisby, head of Interpath in the Caribbean and Asia Pacific, emphasised the increasing flow of private capital between the Caribbean and Singapore, which the firm aims to leverage for cross-jurisdictional advisory services.

Fergal Power, head of Interpath in Hong Kong, noted the rapid transformation of businesses in South East Asia, underscoring the need for senior-led support. Michael Horn expressed his enthusiasm for joining Interpath, praising the firm’s unique culture and global platform.

Interpath’s expansion into Singapore is poised to enhance its ability to support clients navigating challenges and growth opportunities in the dynamic Asia-Pacific market.

Singaporeans in the sandwich class are increasingly turning to investment strategies, including cryptocurrency, to bolster their financial resilience, according to the 2026 Independent Reserve Cryptocurrency Index (IRCI). The study highlights that these middle-income households, primarily aged 35 to 54, are navigating rising living costs whilst supporting both ageing parents and children.

The IRCI, conducted by Independent Reserve, reveals that 50% of the sandwich class view investing as their primary route to financial success, compared to 37% of the broader population. This demographic is actively managing diversified portfolios, incorporating stocks, bonds, and cryptocurrencies, with a focus on predictable income, diversification, and risk alignment.

Lasanka Perera, CEO of Independent Reserve Singapore, noted, “The sandwich class story is one that resonates across Singapore. They are actively looking to put their money to work through investing to grow their wealth over time.”

Key findings from the IRCI include that 42% of the sandwich class hold cryptocurrency, with Bitcoin and Ethereum being the most popular. Nearly half have held crypto for three to five years, and 33% invest between $501 to S$1,000 monthly. The study also found that 77% of this group view crypto as crucial for long-term wealth building.

The IRCI, conducted with Milieu Insight Market Research, surveyed 1,500 Singapore residents between January and February 2026, providing a comprehensive overview of the nation’s cryptocurrency landscape.

The Work Project (TWP) has announced the opening of a new floor at Parkview Square, Singapore, enhancing its luxury coworking and meeting room offerings. Situated at the Bugis fringe of the Central Business District, this expansion occupies Level 7, complementing TWP’s existing presence on Level 10. The move underscores TWP’s commitment to design excellence and premium hospitality within one of Singapore’s most architecturally celebrated landmarks.

Parkview Square, known for its cinematic Art Deco-inspired façade and home to the renowned Atlas Bar, provides a fitting backdrop for TWP’s vision of a refined, future-ready work environment. Sheena Goh, Head of Sales at The Work Project, highlighted the building’s unique appeal, stating, “Parkview Square stands out from the rest of the buildings in the vicinity by being intentionally historic and cinematic, housing the famous Atlas Bar.”

The new floor offers a curated range of workspace solutions, including private offices, dedicated desks, and collaborative areas. Designed with high-quality materials and ergonomic furnishings, the space reflects TWP’s hallmark approach to luxurious and functional work environments. Additionally, fully equipped meeting rooms are available for rental, serving as premium meeting spaces for businesses across Singapore.

The Work Project is a leading provider of flexible workspaces, focusing on empowering businesses and enhancing productivity. By prioritising client branding and individual work cultures, TWP ensures that every workspace becomes an extension of the company it serves. With this expansion, TWP continues to cater to the increasing demand for premium and sophisticated workspaces in Singapore.