Commentary on February 2026 Monthly Developer Sales

SINGAPORE, 16 March 2026 - URA has published the February 2026 Developer Sales report. In February 2026, developer sales reached 246 new private homes (excluding ECs), a 47.2% decrease month-on-month (m-o-m). The decline was mainly caused by the absence of new project launches during the Chinese New Year festive period. 

Similarly, the Executive Condominium (EC) market experienced subdued sales, with only 20 units sold in February. Although this marks a 96.2% month-on-month decrease, the decline was mainly due to the absence of new EC launches during the month. Sales are expected to improve in March, with the launch of Rivelle Tampines, followed by the Woodlands Drive 17 EC project (GLS) later in the year.

“Developer sales experienced a decline in monthly transactions due to the lack of launches during the annual Chinese New Year lull. Consequently, private homebuying activity in February was primarily focused on existing projects with available stock, such as Newport Residences and Pinetree Hill,” said Marcus Chu, Chief Executive Officer, ERA Singapore. 

“February’s sales activity may have been modest, but it has contributed to bringing some existing projects closer to sell-out, such as Pinetree Hill (520 units) and Chuan Park (916 units). As of mid-March, these projects have achieved take-up rates of 99.2% and 92.1%, respectively, based on ERA’s internal sales data.”

“We expect a rebound in developer sales in March, especially with the strong debut of River Modern. During its launch weekend, it achieved a 90% take-up rate, with 410 of its 455 units sold.”

“Strong turnout at the previews for Rivelle Tampines (EC) and Pinery Residences also indicates healthy interest before their launches, and underscores the resilient sentiment among local homebuyers despite current global tensions.”

Newport Residences Emerges as February’s Top Performer

“Newport Residences became February's top-selling development during the festive season, with 32 units sold in that month. This result increases its overall uptake to around 74% as of mid-March.

Newport Residences distinguishes itself in the Central Business District (CBD), where purchasing activity is usually more gradual. Its freehold tenure, which is rare in the CBD, appeals significantly to buyers interested in asset preservation and long-term growth.

New homes at Newport Residences sold at a median price of $3,059 psf, slightly below the $3,063 psf median for private homes recorded for the broader CCR in February based on URA caveats. This relatively competitive pricing probably also boosted the project’s appeal, in addition to its rare freehold tenure.”

RCR Developments Dominate Monthly Sales 

“Rest of Central Region (RCR) projects, such as Pinetree Hill, One Marina Gardens, Bloomsbury Residences, and The Continuum, sold a total of 103 units, accounting for about 41.9% of all new sale transactions in February.

Four of the top ten projects sold during the month were situated in the RCR, emphasising sustained buyer interest within the segment, despite the quieter sales period amid the Chinese New Year festivities.

The ongoing preference for RCR developments may arise from their well-balanced offering in terms of price, accessibility, and lifestyle amenities. This benefit positions them as a strategic ‘sweet spot’ between premium CCR homes and more affordable Outside Central Region (OCR) properties.”

Otto Place EC Achieves Near Full Take-Up in February 

“Reflecting the ‘first-mover’ advantage of Tengah as a new township, Otto Place saw a further 10 units sold in February. This final push contributed to a full take-up by early March, as reflected in ERA’s internal sales records.

This outcome emphasises the robust buyer confidence in Tengah’s growth potential and the decreasing supply of available EC stock as of early 2026.

With Otto Place now fully sold, Coastal Cabana remains the only EC project with units still available. As of 16 March 2026, 517 out of 748 units at Coastal Cabana have been sold, accounting for 69.1% of the development sold, according to ERA’s sales data.

Coastal Cabana continues to draw interest from buyers in the East region, especially households upgrading from nearby HDB estates like Tampines and Pasir Ris.

Looking ahead, the next EC launch expected in early 2026 is Rivelle Tampines. Located within the mature Tampines estate and close to Tampines West MRT station, the upcoming development is likely to attract considerable attention from HDB upgraders in the East. 

During its March preview, the project attracted over 8,000 visitors, indicating strong local demand for well-located ECs.” 

Looking Ahead: Local Residential Demand Expected to Stay Firm Amid Global Tensions

“Currently, increased tensions in the Gulf have unsettled financial markets and driven oil prices upward. If supply disruptions continue, there may be a ripple effect on energy, construction, and living costs.

Nonetheless, Singapore remains a resilient safe haven supported by stable governance and a strong local dollar, amid rising global tensions. These strengths have historically bolstered the property market and are likely to sustain a positive outlook in the near term, along with Singaporeans’ strong belief in real estate as a long-term investment.

Recently, we have observed this ongoing optimism reflected in the strong preliminary turnouts for Rivelle Tampines (EC) and Pinery Residences. Moreover, the 90% take-up rate at River Modern’s launch weekend suggests that buyers remain decisive when considering high-quality projects in prime locations.

This underlying demand, supported by solid fundamentals, has also encouraged developers to progress with new projects, indicating a sustained pipeline of future housing supply.

In 2026, buyers can anticipate a pipeline of 18 private residential projects and 5 EC launches. Barring any unforeseen circumstances, ERA Singapore forecasts new home sales to range between 9,000 and 10,000 units.”

For media enquiries, please contact:

Lisha Rodney

Public Relations Manager, ERA Singapore

Email: [email protected]

Disclaimer

This information is provided solely on a goodwill basis and does not relieve parties of their responsibility to verify the information from the relevant sources and/or seek appropriate advice from relevant professionals such as valuers, financial advisers, bankers and lawyers. For avoidance of doubt, ERA Realty Network and its salesperson accepts no responsibility for the accuracy, reliability and/or completeness of the information provided. Copyright in this publication is owned by ERA and this publication may not be reproduced or transmitted in any form or by any means, in whole or in part, without prior written approval.