Commentary on March 2026 Monthly Developer Sales

SINGAPORE, 15 April 2026 - In March 2026, developers sold a total of 1,300 new private homes (excluding ECs), reflecting a sharp rebound in transaction activity, up 428.5% month-on-month.

This surge was driven by successful project launches that galvanised the primary market. Pinery Residences led the month with 543 units sold (92.3% of its 588 units), while River Modern followed closely with 416 units transacted (91.4% of its 455 units), underscoring strong take-up when projects are well-positioned.

The same momentum was observed in the Executive Condominium (EC) segment. Rivelle Tampines recorded 530 transactions, or 92.7% of its units sold, lifting total EC sales in March to 637 units — a 3,085% increase from the previous month’s 266 units.

Following March’s performance, total new private home sales (excluding ECs) reached 2,012 units in the first quarter of 2026. While this remains below ERA’s projected annual range of 9,000 to 10,000 units, it is important to note that the first quarter is typically affected by festive seasonality, including Chinese New Year and Hari Raya.

With a healthy pipeline of launches in the coming months, market momentum is expected to strengthen progressively in subsequent quarters.

Mixed-Use Pinery Residences lead February new home sales

Pinery Residences was the best-selling project in March, with 543 units sold (92.3% of its total). This highlights strong demand for well-sited OCR developments in mature estates.

This demand is supported by a large pool of upgraders in Tampines, where 2,660 flats reached MOP and 88 million-dollar resale transactions were recorded across 2025 and 2026, providing substantial housing equity.

The project also features a 121,600 sq ft retail segment, Pinery Mall, which is integrated underground with Tampines West MRT Station on the Downtown Line. These key attributes ensured that the project ticked most of the boxes for ready-and-willing upgraders.

The strong reception to the launch of Pinery Residences reflects demand for mixed-use developments in mature estates with MRT connectivity. A similar trend was observed at the launch of Parktown Residences in Tampines in February 2025, which sold over 87% of its units on the launch weekend.

On the topic, Parktown Residences also sold a considerable 29 units, ranking third in new sales transactions. Activity at Pinery Residences led to spillover demand at Parktown Residences, with some buyers opting for the older project if they were unable to secure their preferred unit at Pinery Residences, or because of a shorter completion timeline.

River Modern Impresses on Launch

River Modern was the only other project launched in March and is also a mixed-use development. The development achieved a robust take-up rate of 91.4% by month-end, challenging the prevailing perception that CCR projects typically sell more slowly because of their higher price point.

Its strong demand reflects interest from upgraders and young families seeking family-friendly layouts, integrated commercial spaces, MRT access, and proximity to good schools, thereby balancing liveability with investment value in a prime District 9 location. 

Similar to Skye's launch performance in Holland the previous year, River Modern underscores that CCR developments with strong locational attributes and efficient unit configurations can remain compelling for upgraders, despite their relatively higher price points.

Rivelle Tampines Reinforces Demand for Executive Condominiums (ECs) in the East 

March saw a total of 637 Executive Condominium (EC) units sold, a sharp 3,085% increase on the previous month.

The majority of the transactions took place at Rivelle Tampines, a highly anticipated EC launch in Tampines West, near the recently launched private condominium, Pinery Residences.

Rivelle Tampines closely mirrors the performance of Aurelle at Tampines, another EC launched in March 2025, which sold over 90% of its units at launch. The projects share similar attributes, including proximity to an MRT station and an integrated development.

Rivelle Tampines’ 92.5% take-up at launch highlights significant pent-up demand, particularly in mature estates where new EC supply is scarce. Moving forward, the next phase of EC launches will focus on the North and West, with no immediate plans for supply in the East. This geographical shift underscores the limited EC options in mature eastern estates, a key factor driving demand in recent launches.

Buyer Profile and Luxury Homes

Alongside the pickup in developer sales, foreign buying activity also rose in March. As of 13 April 2026, foreigners accounted for 24 transactions in new non-landed private homes (excluding ECs). However, this figure still represents only a 1.9% share of total monthly sales, as the Additional Buyer’s Stamp Duty continues to weigh on foreign demand.

Singaporeans also continued to dominate the new private home market in March, accounting for 86.2% of monthly sales, or 1,116 transactions.

Luxury home transactions picked up sharply in March, with 51 new non-landed private homes (excluding ECs) transacting at $5 million or more.

The two highest-value transactions in March were both recorded at 32 Gilstead and involved foreign buyers. Both deals were for four-bedroom units, with one 4,219 sq ft unit selling for $14,488,320 and another 4,209 sq ft unit selling for $14,455,000.

The majority of March’s luxury transactions took place at River Modern, with 74.5% (38 out of 51) of such deals falling within the $5 million to $7 million range. These high-end purchases were largely driven by the project’s four-bedroom (1,464 sq ft) and four-bedroom premium (1,830 sq ft) units.

Closing Thoughts and Forecast

Heightened geopolitical tensions, particularly involving Israel, Iran and the United States, may continue to strain global stability, contributing to elevated oil prices, volatile financial markets and potential increases in energy, construction and living costs if supply disruptions persist. However, Singapore remains relatively well-positioned amid these external risks, supported by stable governance, a strong currency and a resilient property market. 

Despite ongoing global uncertainties, the outlook for Singapore’s residential sector remains broadly positive, underpinned by its standing as a regional wealth hub and the perception of local real estate as a stable, income-generating asset.

Buyers can also look forward to a pipeline of 18 private residential projects and 5 EC launches this year. Barring unforeseen circumstances, ERA Singapore projects new home sales to be between 9,000 and 10,000 units.

For media enquiries, please contact:

Lisha Rodney

Public Relations Manager, ERA Singapore

Email: [email protected]

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