Singapore’s developer sales in April 2026 reached 1,548 units, marking a 19.1% rise from March and more than doubling the 675 units sold in April 2025. This surge, reported by Knight Frank Singapore, indicates a robust start to the year with 3,561 sales in the first four months, setting the pace for an annual target of 8,000 to 10,000 units.
Despite global uncertainties, including tensions in the Middle East and volatile energy prices, Singapore’s private residential market remains resilient. Leonard Tay, Head of Research at Knight Frank Singapore, noted that “primary sales activity in the private residential market continues to chug along unflinchingly.” New launches, particularly Tengah Gardens Residences and Vela Bay, were significant contributors, accounting for 79% of April’s sales.
Tengah Gardens Residences nearly sold out, with 855 of 863 units purchased, whilst Vela Bay sold 370 of its 515 units. This strong performance suggests buyers are eager to invest when projects meet their expectations in terms of pricing, liveability, and growth potential. Tay highlighted that “buyers are willing to commit decisively when a project aligns with expectations.”
The median price for non-landed new sales in April was S$2,210 per square foot, significantly higher than the S$1,771 per square foot for resale units. This price disparity is expected to drive price growth throughout 2026. With potential interest rate hikes on the horizon, the current favourable borrowing conditions are likely to spur further interest in upcoming launches. Developers remain vigilant, balancing the strong buyer sentiment with global uncertainties.
