Developers sold 1,548 new private homes excluding executive condominiums (ECs) in Singapore in April 2026, marking a 19% rise from 1,300 units in March and more than doubling April 2025’s 675 units [1, 2, 3, 4, 5]. Sales including ECs reached 1,649 units with 1,426 new units launched for sale, compared with 771 sales and 1,344 launches in April last year [5].
The surge came amid the launches of Tengah Garden Residences and Vela Bay, the first private condo projects in the new Tengah and Bayshore precincts [1, 2, 3, 4, 5]. Tengah Garden Residences sold 855 of its 863 units, a 99.1% take-up, at a median price of about S$2,111 per square foot [1, 2, 3, 4]. Vela Bay recorded a 72% take-up rate, with median prices setting a new benchmark in the Outside Central Region (OCR) at S$2,865 to S$2,886 per square foot [4, 5]. The OCR made up 87.7% of condo and private apartment sales in April [4, 5].
Despite the strong April sales, new private home transactions for the first four months of 2026 totaled 3,561 units excluding ECs, down 12% from 4,050 units the previous year [1, 2, 3]. Developers launched 1,406 suburban units in April, a 14-month high, up from 1,043 units launched in March [1, 2, 3].
Industry experts noted steady buyer demand in the face of global uncertainties. Tricia Song, CBRE head of research for Singapore and Southeast Asia, said, "Despite the rocky start to 2026 due to the Middle East conflict and economic uncertainty, home-buying appetite has remained resilient, thanks to low mortgage rates and a pipeline of attractive new launches" [1]. Marcus Chu, ERA Singapore CEO, said buyer interest remains strong in the OCR for well-located projects offering good value [4]. PropNex's Wong Siew Ying added that buyers' willingness to accept higher prices reflects healthy household balance sheets and ample liquidity [4].
Mortgage rates remain low compared to 2023, with limited risk of significant hikes ahead, according to market watchers, though downside risks from global inflation and geopolitical tensions could make buyers cautious [1, 2, 3]. Ms Christine Sun at Realion said this situation "should keep housing affordable for first-time buyers and HDB upgraders" [1].
Looking ahead, developers expect slower sales for the smaller launch of Hudson Place Residences in May 2026, with activity potentially picking up again in the third quarter as Lentor Garden Residences and Dunearn House come to market [1, 2, 3].
