January emerged as the strongest-performing month for new home sales since October 2025, staging a strong rebound at the start of the year and reversing the seasonal slowdown typically observed at the end of the year.
New home sales excluding executive condominiums (ECs) rose 137% m-o-m to 466 units in January, up from just 197 units sold in December 225. When ECs are included, total developer sales climbed to 990 units in January, compared with 234 units in the preceding month.
While this was higher than sales figures from the prior two months, October 2025 was significantly higher with developer sales at 2,424 units excluding ECs and 2,446 units including ECs.
Developers launched two major non-landed projects in January: Narra Residences in the Outside Central Region (OCR) and Newport Residences in the Core Central Region (CCR). There was also Coastal Cabana in the EC segment, located in District 17 in Pasir Ris.
Collectively, these projects contributed to a “substantial supply injection” of 1,534 units launched in January, helping to reignite buyer activity and support the strong sales momentum at the start of the year, says Mohan Sandrasegeran, head of research and data analytics at Singapore Realtors Inc. (SRI).
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Luxury home transactions picked up in January, with eight new non-landed private homes (excluding ECs) transacting at $5 million or more.
Of these, none were by foreigners, while Singapore Permanent Residents (PRs) and locals accounted for two and six transactions, respectively.
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The highest-value transaction during the month was a four-bedroom premium unit (2,067 sq ft) at Newport Residences, purchased by a PR for $8.65 million.
‘Warm reception’ for Coastal Cabana
Coastal Cabana, the first EC launch in 12 years in the Jalan Loyang Besar area, and a rare EC with sea views, received a very warm reception from buyers, says Mark Yip, CEO, Huttons Asia.
The EC sold 504 units (67.4% of its total), accounting for the bulk of the 542 EC new sale transactions in the month.
Coastal Cabana’s median price of $1,790 psf is close to the median price of $1,769 psf and $1,753 psf for Aurelle of Tampines and Otto Place, launched in 2025. Aurelle at Tampines (launched in March 2025) sold 90% of its units on launch day.
Coastal Cabana’s location is supported by the future Cross Island Line and is within a 1km priority enrolment radius of Pasir Ris Primary School and Casuarina Primary School. With these key considerations in place, the project appeals to aspiring HDB upgraders in Tampines and Pasir Ris.
Despite its strong performance, Coastal Cabana’s take-up rate may have been slightly moderated by the upcoming launch of Rivelle Tampines, located in the mature estate of Tampines and supported by an MRT station and amenities in a nearby integrated development, says Marcus Chu, CEO of ERA Singapore. “Given their similar location in the East, interested buyers of Coastal Cabana may be waiting for the launch of Rivelle before making an informed decision on which home best suits them.”
Newport Residences is January’s best-performing new launch
Newport Residences, located in the Central Business District (CBD) in District 2, sold 132 (or 53.7%) of its 246 units in January. Despite new CBD projects typically taking time to gain traction, Newport Residences sold over half of its units within a day.
This can largely be attributed to its competitive pricing and freehold tenure, with a median purchase price of $3,070 psf, says Chu. The project offered buyers the opportunity to purchase a freehold property at just under the CCR median price for new non-landed properties (excluding ECs) in January ($3,072 psf).
75% of the units sold in Newport Residences were priced at $2.5 million and below, a very attractive price point for buyers looking for a freehold project in the CCR, says Yip.
The project was initially scheduled for launch in early 2023 but was delayed after the Additional Buyer’s Stamp Duty (ABSD) for foreigners was doubled to 60%.
“The encouraging response points to a gradual stabilisation of sentiment in the prime segment, supported by buyers with longer term holding intentions who remain selective and focused on well-located developments with strong connectivity and long-term liveability attributes,” says Sandrasegeran.
Narra Residences draws West-region homebuyers
Narra Residences was the other private new home launch in January, located in the OCR at Dairy Farm (District 23). Offering a product markedly different from Newport Residences, Narra Residences offers homebuying opportunities for HDB upgraders from Choa Chu Kang, Bukit Panjang and Bukit Batok, as well as for right-sizers from the Hillview and Cashew landed estates, says Chu.
The 540-unit project sold 122 units in January, representing about 22.6% of its total stock. The project transacted at a median price of $2,148 psf, setting a benchmark for District 23. The more modest take-up rate could be due to consumer fatigue, as this is the fifth project launched in D23 (excluding ECs) since 2023, adds Chu.
Around 80% of buyers in Narra Residences bought units priced at $2 million and below, an affordable quantum for HDB upgraders, says Yip.
Buyers of Narra Residences were primarily HDB upgraders looking to move into a private home in the West region amid a limited supply environment, with no confirmed new launches aside from two upcoming EC projects at Lakeside Drive and Senja Close, which are expected to launch later in 2026.
Aside from these, there are no West-region GLS sites on the 1H2026 Government Land Sales (GLS) confirmed list.
Figures to moderate in February with CNY
February’s private home sales are likely to moderate m-o-m, as no major new project launches owing to the Chinese New Year holidays.
Buyer activity is therefore expected to focus on existing projects already in the market, says Chu.
Sales momentum is expected to pick up again in March, as several new projects are scheduled for launch, starting with GuocoLand’s River Modern on March 7.
The recent launch of Newport Residences, as the first CCR development to enter the market in 2026, has reinforced improving sentiment in the prime segment, delivering a solid opening performance with over 57% of units sold. This outcome points to a stabilising demand environment for well-located CCR projects, supported by buyers with longer-term holding intentions, says Sandrasegeran.
“Against this backdrop, River Modern enters the market with several supportive factors. The project benefits from GuocoLand’s established track record in the River Valley and Great World precinct, where the developer has successfully delivered and positioned premium residential developments,” he adds.
Several other upcoming launches are also expected to garner buyer interest as market activity normalises after the festive period in the coming months. These include Pinery Residences, Vela Bay, Hudson Place Residences and Tengah Garden Residences.
Buyers can look forward to a pipeline of 19 private residential projects and five EC launches this year. While this is lower than 2025, which saw 24 private developments and two EC launches, overall home-buying demand is expected to remain healthy, says Chu.
Barring any unforeseen circumstances, ERA Singapore projects new home sales to be between 9,000 and 10,000 units.
Huttons Asia, meanwhile, forecasts new home sales of between 8,000 and 10,000 units, with prices estimated to grow between 2% and 5% in 2026.
With the punitive additional buyer’s stamp duty rate of 60% for foreigners still in place, PropNex expects the local market to continue to dominate private home sales this year.
For 2026, PropNex expects that developers’ sales could hover at around 9,000 units (exculding ECs), amid a slightly tighter launch pipeline.
