Tengah Garden Residences came close to a sell-out at its April launch (Image: Tengah Garden Residences)
Singapore’s new private home sales surged to a six-month high in April, powered by the launch of two mass-market projects that found strong buyer demand, according to data released Friday by the Urban Redevelopment Authority.
Developers sold 1,548 new private homes last month, up 19 percent from March and more than double April 2025’s count. Sales were the highest since last October, when 2,424 units changed hands.
The suburban Outside Central Region drove April’s rebound, with 1,358 units sold. Tengah Garden Residences, a joint development of Hong Leong, GuocoLand and China’s CSCEC, neared a sell-out by shifting 855 of its 863 units at a median S$2,111 ($1,648) per square foot. SingHaiyi’s Vela Bay in Bayshore sold 370 of 515 units at a median S$2,865.
“April’s rebound in new home sales to a six-month high reflects resilient underlying private housing demand, supported by healthy take-up at projects such as Tengah Garden Residences and Vela Bay,” Wong Siew Ying, PropNex’s head of research, said in a release.
New Precincts
Wong said the two projects benefited from strong transport connectivity and first-mover advantages in new housing precincts, with Tengah Garden Residences located near the future Hong Kah MRT station and Vela Bay adjacent to Bayshore MRT station.
Urban Redevelopment Authority CEO Lim Eng Hwee (Image: URA)
Activity in the city-fringe Rest of Central Region softened amid a lack of fresh launches, with developers selling 160 homes compared with 163 units in March. Hoi Hup’s The Continuum led the segment after moving 34 units at a median price of S$2,796 per square foot.
In the Core Central Region, developers sold 30 homes, down sharply from 472 units in March when GuocoLand’s River Modern boosted activity. River Modern remained the top-selling CCR project in April after shifting 11 units at a median price of S$3,363 per square foot.
Knight Frank estimated that developers sold 3,561 private homes during the first four months of 2026, putting the market on track for between 8,000 and 10,000 new home sales this year after hitting a four-year high of 10,815 units in 2025.
“Primary sales activity in the private residential market continues to chug along unflinchingly, as Singapore residents continue to throng showflats for new homes,” said Leonard Tay, head of research at Knight Frank Singapore.
Two Sites Released
The URA on Friday launched two residential sites for tender: one at Berlayar Drive, expected to yield 415 units, and another at New Upper Changi Road, which could provide 1,010 homes.
PropNex expects four to six bids for Berlayar Drive, priced between S$1,350 and S$1,450 per square foot of potential built area. The New Upper Changi Road site might attract fewer bids due to its potential S$1 billion land price, with developers likely forming consortiums, according to Wong.
The URA this week also awarded the Holland Plain residential site to the sole bidder, a joint venture of Sim Lian Land and Sim Lian Development, for S$368.4 million, or S$1,432 per square foot of accommodation. The 99-year leasehold site in District 10 can yield 280 homes.
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