16 February 2026, Singapore - Developers' sales rebounded in January led by select new project launches during the month. New home sales came in at 466 units (ex. Executive Condominiums), more than doubling the 197 new units transacted in December 2025. This is also the highest new sales tally in three months, reflecting a return of homebuying interest after the year-end lull. On a year-on-year basis, new home sales were significantly lower by 57% from the 1,083 units shifted in January 2025 where projects such as The Orie and Bagnall Haus had boosted transactions then.

The two private residential projects that were launched during the month - Newport Residences and Narra Residences - collectively accounted for 54.5% (or 254 units) of January's sales. Developers launched 786 new private homes (ex. EC) in January, up sharply from 52 new units placed for sale in December. Meanwhile, an EC project Coastal Cabana which was also put on the market in January achieved healthy sales as demand for such public-private hybrid housing type continues to be resilient.

Source: PropNex Research, URA (16 February 2026)

New home sales in January were led by the Outside Central Region (OCR), where 183 units (ex. EC) were sold - marking a 173% increase from 67 units shifted in the previous month. Transactions were spearheaded by the 540-unit Narra Residences in Dairy Farm Walk which moved 122 units at a median price of $2,148 psf. The OCR is expected to see heightened market activities in the coming months with several high-profile projects lined up in 2026. These include: Pinery Residences, part of a mixed-use development in Tampines; the first private condo launches in new precincts in Bayshore and Tengah namely Vela Bay and Tengah Garden Residences, respectively; and Lentor Garden Residences.

Over in the Core Central Region (CCR), developers sold 162 new units with sales driven by freehold development Newport Residences which sold 132 out of its 246 units at a median price of $3,070 psf when it was launched in January. It reflects a continuation of the buying interest in new prime residential stock, following the strong rebound in CCR developers' sales in 2025. The upcoming launch of 455-unit River Modern - which is well-located near to the Great World MRT station and various amenities - is expected to benefit from this sustained interest. January's CCR sales is markedly higher than the 20 units sold in December and 30 units shifted in November.

Without fresh projects being launched in the Rest of Central Region (RCR), homebuyers dipped into existing launches which transacted 121 new units in January, slightly higher than the 110 units sold in the previous month. The projects which drove RCR sales in January included Grand Dunman which moved 17 units at a median price of $2,475 psf, The Continuum which sold 16 units at a median price of $2,826 psf, One Marina Gardens which transacted 13 units at a median price of $3,013 psf, and Bloomsbury Residences which saw 11 units changed hands at a median price of $2,536 psf. Previously launched projects in the city-fringe are expected to continue to pare down on unsold units as prospective buyers will likely revisit existing launches, in view of the relatively tighter supply pipeline in the RCR in 2026.

In the EC segment, sales surged to 524 units in January from 37 units in December, thanks to the launched of the 748-unit Coastal Cabana EC during the month. Coastal Cabana EC - the first EC launch in Pasir Ris since 2013 - transacted 504 units at a median price of $1,790 psf. New EC sales will likely experience periodic surges in 2026, driven by fresh supply from multiple upcoming launches. The next EC launch will be the 572-unit Rivelle Tampines in Tampines Street 95 which is near the future Pinery Mall, as well as the existing Tampines West MRT station on the Downtown Line.

Ms Wong Siew Ying, Head of Research and Content, PropNex Realty said:

"New home sales climbed to a three-month high in January, pointing to renewed homebuying interest after the year-end slowdown in transactions as new launches come on the market. The relatively encouraging showing was underpinned by the successful launch of Newport Residences in the CCR, alongside stable take-up at Narra Residences in the OCR. We think this is a positive start to developers' sales in 2026, reflecting buyer engagement in both the prime and mass-market segments.

With the Lunar New Year festivities in February, and no major project launches lined up, new private home sales may be relatively muted this month. However, market activity should pick up from March with projects such as River Modern in River Valley Green in the CCR set to be launched. We expect the project in District 9 could be well-received owing to its attractive location near the Great World MRT station, Great World mall, River Valley Primary School, Kim Seng Park, the Singapore River, and Orchard Road. Its offering of relatively spacious units with efficient layout across two- to four bedder types could also appeal to a wide buyer base, including young families and HDB upgraders.

In addition, our optimism for the CCR segment also stems from the healthy transactions at Newport Residences which garnered a take-up rate of 57% during its launch weekend. This potentially indicates a carry-over of sales momentum from 2025 when developers' sales in the CCR reached a four-year high, supported by competitive pricing, an increase in CCR launch supply, and a more moderate interest-rate environment that had helped to underpin demand.

Meanwhile, Narra Residences sold 23% of its units in January - garnering stable sales in a locale which tends to see more measured take-up at launch, with transactions typically paced out over the subsequent months. While many launches in 2025 recorded strong take-up rates upwards of 50% during the launch weekend, it is important to note that such a performance should not be seen as the norm. A more measured pace of sales at the launch weekend is not unusual and can, at times, be constructive as it may give developers greater pricing flexibility over time, allowing them to respond to evolving market conditions, particularly as more projects enter the market. We expect the OCR to be lively in 2026 with several attractive launches potentially lined up including in Bayshore, Tengah, Lentor, Chuan Grove, and Lakeside Drive.

Based on caveats lodged, about 67% of new non-landed private homes (ex. EC) sold in January were priced at below $2.5 million, extending the 'quantum play' strategy seen in 2025, as developers continue to calibrate pricing to keep within the budget range of prospective buyers. Additionally, we note that the proportion of new condos purchased by foreigners (non-PR) remained low in January despite a new project being launched in the CCR during the month. Nearly 2% of the new non-landed private homes (ex. EC) sold in January were purchased by foreign buyers (NPR), up marginally from 1.7% in December.

The 2% proportion of sales by foreigners (NPR) in January is equivalent to nine units in absolute terms, reflecting sales at Newport Residences (four units), Upperhouse at Orchard Boulevard (two units), as well as The Sen, Aurea and One Marina Gardens (one each). Meanwhile, Singaporeans and Singapore PRs accounted for 87% and 11% of the new non-landed private home sales (ex. EC) in the month, respectively, as per URA Realis caveat data (retrieved on 16 February 2026). With the punitive additional buyer's stamp duty rate of 60% for foreigners still in place, we expect the local market to continue to dominate private home sales this year. For 2026, we expect that developers' sales could hover at around 9,000 units (ex. EC), amid a slightly tighter launch pipeline.

In January, new EC project Coastal Cabana booked healthy sales with more than 67% of its units taken up - reflecting resilient underlying demand for such housing type among first-time homebuyers and HDB upgraders. The relative affordability of new ECs against other private condo launches remains a key driver of buying interest. According to caveats lodged, the median transacted unit price of new EC units was $1,788 psf in January, about 17% lower than the $2,164 psf for new 99-year leasehold, non-landed private homes in the OCR. With another EC project Rivelle Tampines estimated to be launched in the coming months and possibly three others later in the year, the EC segment is expected to perform well in 2026."