-- March’s private developer sales surged to its highest since Oct 2025 on robust take-up at several new launches following the Chinese New Year lull. 1,043 new units were launched compared to just 15 units in February. Correspondingly, 1,300 new private homes were sold, more than 5 times the 246 units in Feb 2026 and up 78.3% y-o-y from 729 units in Mar 2025.
This takes the tally of new private home sales in Q1 2026 to 2,012 units, down 31.6% q-o-q from 2,940 units in Q4 2025 and down 40.4% y-o-y from 3,375 units in Q1 2025. The lower comparative was due to the high base in 2025 which saw bumper new launches capturing latent demand amid sharp falls in mortgage rates. Homebuying appetite has remained surprisingly strong in March despite heightened volatility and economic uncertainty from the Middle East conflict which started on 28 Feb, probably as mortgage rates are still at its lowest levels since 2022 and any effects from the energy crisis have yet to filter into the wider economy.
Top 10 Selling Projects in March 2026 (including ECs and landed)
Source: CBRE Research, URA
New private home launches in March 2026
Source: CBRE Research, URA
There were 2 major new private launches in Mar 2026, River Modern (455 units) at River Valley Green in the CCR and mixed-use suburban project Pinery Residences (588 units) at Tampines Street 94. They were also the top two best-selling private projects in the month, accounting for 74% of the 1,300 new private homes sold in March 2026.
Pinery Residences (588 units) led, seeing a robust take-up of 543 units or 92% of its total units at a median price of $2,547 psf. Located in the mature Tampines estate, the project saw strong demand from upgraders and first-time homebuyers given its proximity to transport, retail and lifestyle amenities as a mixed-use development next to the Tampines West MRT station.
River Modern (455 units) was the second-best performer, moving 416 units or 91% of its total units at a median price of $3,220 psf. Located in the prestigious River Valley precinct, the project appealed to many owner-occupiers given its larger unit sizing and efficient layouts.
Unsatiated demand for Pinery Residences probably spilled over to Parktown Residence (1,193 units), which was another Tampines project launched and sold very well in Feb 2025. Parktown Residence was the third best-selling private project in March 2026, selling a further 29 units at a median price of $2,307 psf, which brings its take-up to 96.7%.
By market segment, Mar 2026’s developer sales (excluding ECs) were led by the Outside Central Region (OCR) given the success of Pinery Residences. 665 units or 51% of total March sales were recorded, compared to 80 units (33%) in Feb 2026.
- The Core Central Region (CCR) moved 472 units (36% of total March sales), up from 63 units (26%) in February.
- The Rest of Central Region (RCR) moved 163 units or 13% of total March sales after 103 units (42%) in Feb 2026.
New Home Sales (excl. ECs) by quantum
Source: CBRE Research, URA
Based on Realis new sales (excl. EC) caveats extracted on 15 Apr 2026.
Based on quantum size, there was quite an even distribution from S$1.50 – 5.00 mil.
The largest proportion of new private homes sold (excl. ECs) at 28% was in the S$1.50 – 2.00 mil range from smaller units sold at River Modern and Pinery Residences.
The $3.00 – 5.00 mil range was second at 22%, followed by the $2.00 – 2.50 mil and $2.50 – 3.00 mil range which trailed slightly behind at 22% and 21% respectively.
Outlook and Forecasts
March’s sales will take the tally of new homes sold in Q1 2026 to 2,012 units. Looking ahead, sales momentum could hold firm given strong interest in upcoming OCR launches such as Vela Bay (515 units) in the Bayshore district and Tengah Garden Residence (863 units) in Tengah. Both projects are well-located near existing or future MRT stations in precincts earmarked for transformation by the URA and could see healthy interest from upgraders and first timers who believe in the growth potential of the areas.
While homebuying sentiment and appetite has been resilient so far amid low mortgage rates and steady household income growth, the increasing possibility of a protracted Middle East conflict may increase caution among homebuyers, who could become more discerning in their purchase decisions especially given inflationary pressures from higher fuel and food prices. Competitive and realistic developer pricing will be critical.
Barring major economic shocks, CBRE Research projects that 7,500 – 8,500 new homes will be sold in 2026 given a decent pipeline of attractive new launches, healthy household balance sheets, and low mortgage rates.
This represents a moderation after above-trend sales of 10,815 units in 2025 and is slightly below the 5-year average (2021 – 2025) of 8,766 units.
Correspondingly, private home prices, which rose 3.3% in 2025, are likely to grow at a stable pace in 2026. CBRE Research forecasts price growth of 2 – 4%.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, digital infrastructure services); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at https://www.cbre.com/.
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