Commentary on April 2026 Monthly Developer Sales

SINGAPORE, 15 May 2026 - In April 2026, the new private home market recorded 1,548 units (excluding ECs) sold by developers, following a string of successful new launches. This marks a 19.1% month-on-month (m-o-m) increase in transaction volume, further improving on the 1,300 units sold in March.

In comparison, the Executive Condominium (EC) segment delivered a quieter performance, with only 101 units sold, amid a shrinking unsold stock and the absence of new EC projects. This represents an 84.1% decline on the month, down from the 637 deals recorded in March, when Rivelle Tampines was launched. 

“New private home sales were largely concentrated in the Outside Central Region (OCR) in April, driven by strong sales at Tengah Garden Residences and Vela Bay. This reflects continued buyer appetite in the OCR, particularly for developments that are well-positioned in terms of location and value proposition,” said Marcus Chu, Chief Executive Officer, ERA Singapore. 

“This marks the second consecutive month that the OCR has led new home sales, with 1,358 units sold, maintaining its top position since March. Year on year, new home transaction volumes more than doubled from April 2025, when 675 units were sold.”

“Most suburban projects have recorded take-up rates of 70% or higher at launch this year, reflecting the current strength of the OCR pipeline.”

“The strong take-up at both projects is indicative of growing private housing demand in emerging townships, specifically Tengah and Bayshore. Buyers were likely motivated by first-mover considerations, as later projects tend to price higher as development plans unfold. Many buyers likely saw Tengah as being at a similar stage of transformation as Punggol in its earlier growth years.”

“Today’s buyers are highly informed and selective, but they are clearly not sitting on the sidelines. Many recognise that future launches are likely to enter the market at higher price points as land and construction costs continue to rise.”

Tengah Garden Residences leads April’s sales with 99% of inventory sold at launch 

“Tengah Garden Residences was April’s best-seller, with 853 of its 863 units sold during its launch weekend. This 99% take-up rate makes it the most successful condominium launch of 2026 to date, by both sales percentage and number of units sold.

Units at Tengah Garden Residences offered a strong value proposition, with median unit pricing and quantum of $2,111 psf and $1.81 million, respectively. These price points are relatively accessible in today’s market, which was a major draw for affordability-focused buyer segments, including HDB upgraders.

The project’s attractive locational attributes are also complemented by a viable exit strategy. With Tengah planned to house some 30,000 HDB flats, owners can look forward to a ready pool of upgraders once nearby flats exit their MOP.”

Firm demand seen at Vela Bay, Bayshore’s first private condominium launch

“Vela Bay delivered a strong showing as Bayshore’s first private residential offering, selling 371 units, or 72% of its inventory, at launch. This solid performance follows the 92.5% take-up at Pinery Residences, another East project launched in March.

Interested buyers, including right-sizers from nearby landed enclaves in District 16, were spurred to action by the lack of fresh supply in Bayshore. The last private development near Vela Bay was Seaside Residences, which launched in 2017 and was completed in 2021.

Owner-occupiers and investors were also drawn to Vela Bay’s strong connectivity. Being directly opposite the Bayshore MRT station is a major selling point, as it offers a direct route to Marina Bay and the CBD via the Thomson-East Coast Line (TEL).

Beyond the fresh supply at new projects, buyers also moved quickly on existing stock in April. Against current prices set by new launches, earlier projects were seen to offer strong value. As such, existing developments, such as Narra Residences and The Continuum, sold 34 units each.”

Monthly EC sales slow, but new rules could drum up interest for upcoming projects

“Although new EC sales fell 84.1% m-o-m to 101 transactions, the sharp drop was largely due to a high base in March, following the successful launch of Rivelle Tampines. Fresh supply in the market remains tight, with new units available only at Coastal Cabana.

The bulk of April’s new EC transactions took place at Rivelle Tampines, where buyers snapped up the available stock. These were mainly 4- and 5-bedroom units, as the popular 3-bedroom layouts had already sold out at launch.

With new rules prioritising first-timers at future EC launches, second-timer interest in upcoming projects could rise further. This could be driven by those unwilling to wait out the two-year priority window for first-timers that applies to EC sites launched under the latest measures from 8 May onwards.

Three EC projects at Woodlands Drive, 17, Senja Close, and Sembawang Road are set to launch by year-end. As these sites remain under previous regulations, the availability of the Deferred Payment Scheme (DPS) and the standard one-month priority window should anchor strong interest among second-timers.”

Closing thoughts and forecast

“Despite underlying uncertainty stemming from geopolitical tensions, domestic demand for new private homes has held up, as buyers remain selective yet confident. Those with genuine housing needs are likely to continue buying, supported by Singapore’s strong economic fundamentals, a tight labour market, and palatable interest rates that enable them to commit.

For the full year, buyers can expect a pipeline of approximately 18 private residential projects and five executive condominium launches in 2026. Barring unforeseen developments, ERA Singapore projects new home sales to reach between 9,000 and 10,000 units by year’s end.”

For media enquiries, please contact:

Lisha Rodney

Public Relations Manager, ERA Singapore

Email: Lisha.Rodney@era.com.sg

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