March 2026 New Home Sales Rebound as Pinery Residences and River Modern Drive 1,300 Units Sold

March’s rebound was launch-driven rather than broad-based. Pinery Residences and River Modern together accounted for 959 units, or 73.8 per cent of all private new homes sold during the month. Both projects achieved above 90 per cent take-up, underscoring continued buyer depth for well-located, transit-linked developments with clear value propositions.

Pinery Residences, a 588-unit project in Tampines West linked to the MRT, was the top seller at a median price of S$2,547 per square foot. River Modern in District 9 moved 416 of its 455 units at a median of S$3,220 psf, with EdgeProp reporting 410 units sold over its launch weekend alone. Parktown Residence in the OCR continued to see follow-through demand, adding 29 units and lifting its cumulative take-up to 96.7 per cent.

All three regions posted gains in March. The Outside Central Region led in absolute volume with 665 units (51.2 per cent share), up 731.3 per cent month on month, anchored by Pinery Residences. The Core Central Region recorded 472 transactions, a 649.2 per cent monthly jump and 926.1 per cent year-on-year increase, almost entirely driven by River Modern. CCR’s 36.3 per cent share of monthly volume marks a notable departure from its typical sub-10 per cent contribution.

The Rest of Central Region was the quietest segment with 163 units, up 58.3 per cent month on month but reflective of no major new launches in the city-fringe corridor during March.

The condo resale market posted a measured pause in March. The resale price index eased 0.1 per cent month on month to 278.6, the first slight pullback this year, though prices remained 4.9 per cent above March 2025 levels. The decline was concentrated in the RCR, where the index fell 1.2 per cent, while both the CCR and OCR continued to register monthly gains.

Resale volume rose 3.4 per cent month on month to an estimated 944 units, though activity remained 22.7 per cent below March 2025 and about 20 per cent below the five-year March average. Strong new launch activity likely diverted some buyer attention from the resale segment. Headline transactions included a S$19.5 million unit at Le Nouvel Ardmore in the CCR, a S$5.78 million deal at The Waterside in Tanjong Rhu, and a S$4.2 million sale at The Gazania in the OCR.

The private rental market strengthened in March, with both rents and leasing activity posting gains. Overall condo rental prices rose 0.4 per cent month on month, with the CCR and RCR each increasing by 0.4 per cent and 1.1 per cent respectively, while the OCR eased slightly by 0.3 per cent. On a year-on-year basis, rents were 1.9 per cent higher than March 2025.

Leasing volume recorded a stronger rebound, with an estimated 6,386 units rented in March, up 27.2 per cent from 5,021 units in February. Rental volume was also 7.7 per cent higher year on year and 8 per cent above the five-year March average. Demand was well distributed across all three regions, with the OCR accounting for 36.1 per cent, the RCR at 34.3 per cent, and the CCR at 29.6 per cent.

The HDB resale market posted a measured pause on pricing alongside stronger transaction activity. The overall resale price index eased 0.1 per cent month on month to 209.6, though it remained 1.4 per cent higher year on year. Mature Estate prices rose 0.3 per cent while Non-Mature Estates edged up 0.2 per cent, suggesting the headline dip was not broad-based. By flat type, 3-room, 5-room, and Executive flats all recorded monthly price gains, while 4-room flats softened by 0.7 per cent.

Resale volume strengthened meaningfully, with an estimated 2,053 flats transacted in March, up 22.9 per cent from February. Million-dollar flat transactions continued to feature prominently, with 145 flats crossing the seven-figure mark, up from 122 in February. The highest-priced flat was a 5-room unit at Tiong Bahru View that changed hands at S$1,648,888. Toa Payoh led the million-dollar tally with 34 transactions, followed by Bukit Merah with 23 and Ang Mo Kio with 18.

The HDB rental market posted a measured price gain in March, with the SRX SPI for HDB Rental rising 0.2 per cent month on month to 144.5. On a year-on-year basis, rents were 1.5 per cent higher than March 2025. Non-Mature Estate rents rose 0.5 per cent while Mature Estate rents remained stable. By flat type, 3-room and 5-room rents increased by 0.7 per cent and 0.8 per cent respectively, while 4-room rents were stable and Executive flat rents softened by 1.4 per cent.

Rental volume rebounded 18.9 per cent month on month to an estimated 2,662 units, though activity remained 2.5 per cent below March 2025 and 5.9 per cent below the five-year March average. Four-room and 3-room flats together accounted for 70 per cent of rental volume, anchoring demand in the mid-sized affordable segment.