Tengah Garden Residences 99% Sold on Launch Weekend at S$2,120 PSF – First Private Condo in Tengah Sets Benchmark

Tengah Garden Residences marks a historic milestone as the first private condominium to rise in Singapore’s Tengah New Town – an entirely new HDB town planned around sustainability, car-free living, and green infrastructure. The 99-year leasehold development comprises nine 16-storey blocks with 863 residential units and a retail component, sitting along Tengah Garden Avenue in District 24.

The launch weekend on 25–26 April 2026 saw extraordinary demand, with approximately 853 units sold at an average price of S$2,120 per square foot. Developers had collected more than 2,000 cheques ahead of the ballot – a 2.3-times oversubscription rate – after some 1,300 groups visited during the preview weekend on 11–12 April.

The project is jointly developed by Hong Leong Holdings, GuocoLand, and CSC Land Group, three established names in Singapore’s residential market. Industry observers noted this was the best-selling project by number of units since Parktown Residence and the best-selling by percentage since Skye at Holland.

The development offered a range of unit types catering to different buyer profiles. One-bedroom units – of which only six were available – started from S$980,000 or approximately S$2,025 per square foot. Two-bedroom units began at S$1.11 million (around S$1,779 psf), while three-bedroom configurations started from S$1.588 million (about S$1,993 psf). Four-bedroom units were priced from S$2.288 million, working out to roughly S$2,025 per square foot.

The unit mix was weighted toward mid-sized homes, with two-bedroom and three-bedroom units each comprising approximately 40% of the total inventory. Four-bedroom units made up about 20%, while the six one-bedroom units represented less than 1% of the development. The average transacted price of S$2,120 psf positions Tengah Garden Residences competitively for a new 99-year leasehold project in the Outside Central Region.

Tengah New Town – often called Singapore’s “Forest Town” – has been designed from the ground up with sustainability at its core. The town features centralised cooling systems, car-free town centres, and extensive green corridors connecting residents to nature. As the first private residential option in the precinct, Tengah Garden Residences gives buyers early-mover access to a new neighbourhood poised for long-term appreciation.

Connectivity is a major draw. The project sits near the upcoming Hong Kah MRT station on the Jurong Region Line, which is expected to begin operations in 2028. The JRL will link Tengah directly to Jurong East – Singapore’s second central business district – and the wider MRT network. Residents will also benefit from proximity to Jurong Innovation District and the Tengah Plantation retail and community hub.

The mixed-use nature of the development, which includes a retail component at the ground level, adds convenience for daily necessities and further supports the self-contained township vision that URA has planned for Tengah.

Tengah Garden Residences joins a string of high-performing new launches in early 2026. Just a day earlier, Vela Bay in the Bayshore precinct sold 72% of its units on launch day at an average of S$2,886 psf. Rivelle, an executive condominium in Tampines, was fully sold within a month of its launch. These results reflect sustained buyer confidence in Singapore’s residential market, underpinned by limited new supply, strong household formation, and a favourable interest-rate outlook.

The 2.3-times oversubscription at Tengah Garden Residences is particularly notable given its location in the Outside Central Region, where price sensitivity tends to be higher. Analysts suggest the competitive quantum – with two-bedroom units starting just above S$1.1 million – resonated with first-time buyers, upgraders from Tengah BTO flats, and investors seeking exposure to a future growth corridor anchored by the Jurong Region Line and Jurong Lake District.

The three-developer joint venture behind Tengah Garden Residences brings considerable pedigree to the project. Hong Leong Holdings is one of Singapore’s largest privately held property groups, known for developments such as Midtown Modern and Leedon Green. GuocoLand has delivered landmark projects including Guoco Tower and Midtown Bay, while CSC Land Group (formerly China Jinmao’s Singapore arm) brings regional development expertise.

Construction is expected to reach completion between 2029 and 2030. The development received its planning approval in 2025, with the land parcel acquired through a government land sales tender. The 99-year lease and competitive entry price position the project as a long-term hold for owner-occupiers, though the rapid sell-through suggests strong investment demand as well.