Commentary on Monthly New Home Sales for April 2026

By Tricia Song (宋明蔚), Head of Research, Singapore and Southeast Asia, CBRE

April’s developer sales accelerated to the highest since Oct 2025 on robust take-up at new major launches. 1,426 new units were launched in the month, compared to 1,043 units in March. Correspondingly, 1,548 new private homes were sold, up 19.1% m-o-m from 1,300 units in Mar 2026 and 129.3% y-o-y from 675 units in Apr 2025. 

This takes the tally of new sales in the year-to-April to 3,561 units, 12.1% lower than the 4,050 units over the same period in 2025. 2026 has been off to a rocky start given escalations in the Middle East conflict since 28 Feb. However, homebuying appetite has remained surprisingly resilient despite heightened volatility and economic uncertainty amid low mortgage rates and a decent pipeline of attractive new launches.

Top 10 Selling Projects in April 2026 (including ECs and landed)

Project Name	Street Name	Tenure	Locality	Units Sold in the Month	Median Price ($psf) in the Month	% of project sold to date
TENGAH GARDEN RESIDENCES	TENGAH GARDEN AVENUE	99 yrs	OCR	855	$2,111	99.1%
VELA BAY	BAYSHORE WALK	99 yrs	OCR	370	$2,865	71.8%
RIVELLE TAMPINES (EC)	TAMPINES STREET 95	99 yrs	OCR	76	$1,918	99.7%
THE CONTINUUM	THIAM SIEW AVENUE	Freehold	RCR	34	$2,796	92.3%
NARRA RESIDENCES	DAIRY FARM WALK	99 yrs	OCR	34	$2,196	32.6%
ONE MARINA GARDENS	MARINA GARDENS LANE	99 yrs	RCR	26	$2,979	66.1%
COASTAL CABANA (EC)	JALAN LOYANG BESAR	99 yrs	OCR	19	$1,841	79.8%
BLOOMSBURY RESIDENCES	MEDIA CIRCLE	99 yrs	RCR	17	$2,571	83.5%
ARINA EAST RESIDENCES	TANJONG RHU ROAD	Freehold	RCR	15	$2,838	75.7%
THE SEN	JALAN JURONG KECHIL	99 yrs	RCR	12	$2,316	33.4%
PINERY RESIDENCES	BEDOK RESERVOIR ROAD	99 yrs	OCR	12	$2,583	93.4%

Source: CBRE Research, URA

New launches in April 2026

Project Name	Street Name	Tenure	Locality	Total # of units	Units Launched in the Month	Units Sold in the Month	Median Price ($psf) in the Month	Units sold as % of launched
VELA BAY	BAYSHORE WALK	99 yrs	OCR	515	515	370	2,865	71.8%
TENGAH GARDEN RESIDENCES	TENGAH GARDEN AVENUE	99 yrs	OCR	863	863	855	2,111	99.1%

Source: CBRE Research, URA

There were 2 major new launches in Apr 2026, both from the OCR and well-located near existing or future MRT stations in precincts earmarked for transformation – Vela Bay (515 units) at Bayshore Walk and Tengah Garden Residences (863 units) at Tengah Garden Avenue. Both projects were also the top selling private projects in the month, accounting for 79% of the total new home sales in the month of April.    

Tengah Garden Residences (863 units) led, nearly selling out with a take-up of 855 units or 99% of its total units at a median price of $2,111 psf. This makes it the best performing project in 2026 so far. As the first private condo launch in Tengah, the project saw overwhelming demand from upgraders and first-time homebuyers due to attractive pricing and confidence in the growth potential of the area. 

Vela Bay (515 units) was the second-best performer, moving 370 units or 72% of its total units at a median price of $2,865 psf, setting a new price benchmark for an OCR launch. Located in the Bayshore precinct, the project saw healthy pent-up demand as it has been close to a decade since Seaside Residences (841 units) was launched in 2017. 

The third best-selling project was EC project Rivelle Tampines (572 units) which just launched in March. After unsold units are released to eligible second-timers one month after the initial public launch date, 76 more units were sold at a median price of $1,918 psf in April, bringing total take-up to close to 100%.  

By market segment, Apr 2026’s developer sales (excluding ECs) were led by the Outside Central Region (OCR) given the success of Vela Bay and Tengah Garden Residences. OCR sales accounted for 1,358 units or 88% of total April sales, compared to 665 units (51%) in Mar 2026.

• The Rest of Central Region (RCR) moved 160 units or 10% of total April sales after 163 units (13%) in Mar 2026.
• The Core Central Region (CCR) moved 30 units (2% of total April sales), down from 472 units (36%) in February.

 

New Home Sales (excl. ECs) by quantum

Source: CBRE Research, URA
*Based on Realis new sales (excl. EC) caveats extracted on 15 May 2026. 

Based on quantum size, the largest proportion of new private homes sold (excl. ECs) at 32% was in the S$1.50 – 2.00 mil range mostly from 2BR units sold at Vela Bay and Tengah Garden Residences.

The $2.00 – 2.50 mil range was second at 23%, followed by the $1.00 – 1.50 mil at 19%.

Outlook and forecasts

3,561 new homes have been sold in the year-to-April, 12.1% lower than the 4,050 units over the same period in 2025. Homebuying appetite has remained surprisingly resilient so far despite heightened volatility and economic uncertainty from the ongoing Middle East conflict. Looking ahead, sales are expected to ease in May from April’s strong showing largely due to fewer major launches. RCR project Hudson Place Residences (325 units) located on Media Circle in the one-north district is the only announced major launch in the month. However, sales are likely to pick up again alongside other high-profile launches in the months ahead.  

That said, downside risks from a protracted Middle East conflict and a potential global economic downturn 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 remain 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.

Private home prices, which rose 0.9% in Q1 2026 are likely to grow at a stable pace in 2026. CBRE Research forecasts price growth of 2 – 4%.