Singapore New Home Sales Slow to 246 Units in February 2026 – Record-Low Launches During Chinese New Year
AsianPrime Monthly Market Recap • February 2026
February 2026: Just 15 Units Launched – The Quietest Month Since Records Began
Singapore’s private new home market hit a seasonal low in February 2026, with developers selling 246 units (excluding ECs) – down 47.2% from January’s 466 and 84.6% below February 2025’s 1,597 units. The headline driver was an historically thin supply pipeline: only 15 units were launched, all from the previously released Pollen Collection II, marking the lowest monthly launch volume since records began in 2007. With Chinese New Year falling in February, developers largely held back releases for the stronger March window.
Units Sold (excl. EC)
MoM Change
Units Launched
YoY Change
Existing Projects Hold the Fort
With no new major launches, February’s sales came entirely from existing projects clearing remaining inventory. Newport Residences led for the second consecutive month with 32 units at S$3,059 psf, demonstrating sustained demand for its freehold CCR positioning. Pinetree Hill followed with 19 units at S$2,576 psf, and Chuan Park contributed 14 units at S$2,674 psf.
The rotation of buyer demand toward existing stock – particularly larger or higher-quantum units that remained available – illustrates a market where underlying appetite persists even when fresh launch excitement is absent. Buyers who transacted during February’s quiet window likely benefited from reduced competition and greater flexibility in unit selection.
Regional Breakdown: RCR Most Resilient
The Rest of Central Region (RCR) proved most resilient with 103 units (41.9% share), declining just 14.9% from January – the shallowest drop among all regions. City-fringe developments continued to offer the best balance of accessibility and value, sustaining buyer interest even during the festive lull.
The Outside Central Region (OCR) recorded 80 units (32.5%), down 56.3% as suburban sales remained heavily dependent on new launches. The Core Central Region (CCR) contributed 63 units (25.6%), boosted by Newport Residences’ continued absorption but down 61.1% from January’s Newport-fuelled spike. Notably, CCR sales were up 152% year-on-year, reflecting improved prime-district confidence.
| Region | Feb 2025 | Jan 2026 | Feb 2026 | MoM | YoY |
|---|---|---|---|---|---|
| CCR | 25 | 162 | 63 | -61.1% | +152.0% |
| RCR | 98 | 121 | 103 | -14.9% | +5.1% |
| OCR | 1,474 | 183 | 80 | -56.3% | -94.6% |
March Already Confirmed the Rebound
The February lull proved to be exactly what the market expected – a seasonal pause before a powerful March rebound. Early data confirmed the resurgence: River Modern near Great World MRT sold 410 of 455 units (90%) over its launch weekend on 7–8 March, while Pinery Residences achieved 544 of 588 units (92.5%) over its 28–29 March launch weekend.
These blockbuster results – both exceeding 90% take-up – definitively confirmed that buyer demand remained robust and merely awaited compelling new supply. The pattern reinforces the market’s cyclical nature: quiet months are supply-driven pauses, not demand signals, and informed buyers who position themselves ahead of major launches gain a significant advantage.
Frequently Asked Questions
How many new private homes were sold in February 2026?
Developers sold 246 private residential units (excluding ECs) in February 2026, down 47.2% from January’s 466. Including ECs, total sales reached 266 units. The decline was driven by record-low launches (just 15 units) during the Chinese New Year period.
Why were February 2026 launches at a record low?
Only 15 units were launched in February 2026 – the lowest monthly volume since records began in 2007. Developers held back releases during the Chinese New Year festive period, reserving major launches for March’s stronger selling window.
Did the market rebound after February’s slowdown?
Yes. March 2026 saw a powerful rebound with River Modern selling 410 of 455 units (90% take-up) and Pinery Residences moving 544 of 588 units (92.5%), confirming that February’s dip was seasonal, not structural.
Which projects led sales in February 2026?
Newport Residences topped sales for the second consecutive month with 32 units at S$3,059 psf. Pinetree Hill followed with 19 units at S$2,576 psf, and Chuan Park sold 14 units at S$2,674 psf.
Source: AsianPrime Properties Monthly Newsletter, April 2026. Market data sourced from URA and developer sales records for February 2026.
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