Singapore New Home Sales Surge 137% to 466 Units in January 2026 as Fresh Launches Kick Off the Year

Coastal Cabana, an executive condominium in Pasir Ris, was January’s top seller with 504 units at a median of S$1,790 psf. The strong take-up reflected robust demand from HDB upgraders and owner-occupiers seeking accessible entry prices compared to private condominiums. Its suburban location and attractive pricing supported healthy absorption shortly after launch, highlighting the continued appetite for EC developments when fresh supply enters the market.

Newport Residences (CCR) made a strong debut along Anson Road, selling 132 of its 246 units at S$3,070 psf. Notably, around 75% of units sold were priced at S$2.5 million and below, presenting an attractive entry quantum for a freehold project in a prime district – a strategy that echoed the successful “quantum engineering” approach seen throughout 2025.

Narra Residences (OCR) contributed 122 units at S$2,148 psf, adding to suburban sales volumes. While its take-up was more measured compared to recent OCR blockbusters, the steady absorption pace is typical of suburban projects that build momentum over several months following launch.

The Outside Central Region (OCR) captured the largest share with 183 units (39.3%), up 173.1% from December’s 67, driven by Narra Residences and continued suburban demand. The Core Central Region (CCR) staged a sharp recovery with 162 units (34.8%), up 710% from December’s 20, powered by Newport Residences. The Rest of Central Region (RCR) recorded 121 units (26.0%), a modest 10% MoM gain but 84.3% lower year-on-year due to the absence of major city-fringe launches.

January’s rebound provided a constructive start to 2026, with demand supported by local buyers and a measured, supply-led recovery in transaction volumes. February is expected to moderate due to the Lunar New Year festive period and a thinner launch pipeline, but activity should pick up again from March as upcoming launches – including River Modern near Great World MRT – enter the market.

Looking further ahead, several projects across the CCR and OCR are scheduled for launch in new precincts such as Bayshore and Tengah. Suburban launches are expected to attract strong upgrader interest, while prime projects with compelling pricing strategies should continue to find buyers. If macroeconomic conditions remain stable and interest rates stay contained, full-year 2026 new private home sales could trend toward 9,000 to 10,000 units.