April 2026 witnessed a notable rise in new home sales in Singapore, driven by strong demand in the suburbs, according to Realion (OrangeTee & ETC) Group. Despite ongoing conflicts in the Middle East, sales momentum remained robust, with the number of new home sales, excluding executive condominiums (ECs), climbing to 1,548 units. This marks a 19.1% increase from March’s 1,300 units, as reported by the Urban Redevelopment Authority (URA).
The surge in sales was largely attributed to the launch of two major projects: Tengah Garden Residences and Vela Bay. Tengah Garden Residences, the first private residential project in Tengah, sold 99.1% of its 863 units within the launch month. The development’s appeal was bolstered by its proximity to the upcoming Hong Kah MRT station and the promise of future capital and rental appreciation. Vela Bay also performed well, selling 71.8% of its 515 units, with many units offering sea views and easy access to Bayshore MRT Station.
The Outside Central Region (OCR) dominated sales, accounting for 87.7% of the total units sold, followed by the Rest of Central Region (RCR) and Core Central Region (CCR). In the luxury market, 26 non-landed homes were sold for between S$5m and S$10m, whilst three ultra-luxury condos exceeded S$10m.
Looking forward, potential interest rate hikes due to Middle East tensions may influence buyer behaviour. However, with mortgage rates still low compared to previous peaks, housing remains affordable for first-time buyers and HDB upgraders. Upcoming launches like Dunearn House and Lentor Gardens Residences are expected to sustain market interest.
