BUY AND SELL A SINGAPORE PROPERTY FROM THE COMFORT OF YOUR HOUSE

Singapore’s newest housing estate has recorded a major milestone, with almost all units at Tengah’s first private condominium snapped up during its launch weekend. Tengah Garden Residences, the first mixed-use private development in Tengah, sold 853 out of 863 units by 3pm on Sunday (Apr 26), achieving an impressive take-up rate of almost 99 per cent. The project transacted at an average price of S$2,120 per square foot (psf), making it the strongest private residential launch in Singapore so far in 2026. Developed jointly by Hong Leong Holdings, GuocoLand and CSC Land Group, the 99-year leasehold development attracted strong interest from homebuyers and investors alike, with Singaporeans accounting for 90 per cent of purchasers. Strong Demand Across Buyer Segments According to Hong Leong Holdings, prices ranged between S$1,779 psf and S$2,340 psf. The only remaining units were the largest four-bedroom premium apartments with yard spaces. The development offers a range of one- to four-bedroom units sized between 485 sq ft and 1,260 sq ft. Starting prices began from S$980,000 for one-bedroom units, S$1.11 million for two-bedroom units, S$1.588 million for three-bedroom units and S$2.288 million for four-bedroom units. Tengah’s Growth Story Continues to Gain Momentum Property analysts attributed the exceptional sales performance to Tengah’s strong growth prospects, attractive entry pricing and the project’s first-mover advantage as the town’s inaugural private condominium. Demand was particularly strong among upgraders and right-sizers from nearby western estates including Bukit Batok, Choa Chu Kang, Jurong East, Jurong West and Bukit Panjang. Positioned near the upcoming Jurong Region Line’s Hong Kah MRT station, Tengah Garden Residences enjoys strong future connectivity to the wider western region. Residents will also benefit from proximity to major retail hubs such as JEM, Westgate and IMM. The development is also located near several educational institutions, including the upcoming Anglo-Chinese School (Primary), Princess Elizabeth Primary School, Swiss Cottage Secondary School and Nanyang Technological University. Tengah Garden Residences is considered a mixed-use development, there are retail and commercial shops on the first storey. But it is not a fully integrated development in the same category as projects like Parktown Residence. The project is expected to obtain its Temporary Occupation Permit (TOP) in 2029. Pricing Analysis for Tengah Garden Residences The Government Land Sales (GLS) site for Tengah Garden Residences was sold for approximately S$675 million, which worked out to about S$821 per square foot per plot ratio (psf ppr). Property developers needed to sell at around S$1,800–S$1,950 psf on average to make a reasonable profit. At S$2,120 psf average, the project is likely profitable with healthy margins, especially given strong early sales (low holding cost risk). Another Strong Launch in 2026’s Property Market Tengah Garden Residences joins a growing list of highly successful launches this year. It is now the fourth project in 2026 to achieve a launch weekend take-up rate exceeding 90 per cent. Earlier this year, River Modern sold 90 per cent of its units at an average of S$3,266 psf, while Rivelle Tampines achieved approximately 93 per cent sales at S$1,893 psf. Meanwhile, Pinery Residences moved 92.5 per cent of its units at an average price of S$2,546 psf. The strong momentum across recent launches suggests that despite higher interest rates and cautious global economic conditions, demand for well-located and competitively priced homes in Singapore remains resilient — particularly in emerging growth districts such as Tengah.

A 4 room HDB flat at 154B Bedok South Road was just sold for a record high price of $1.17 million ($1,169 psf). The lease of the 93 sqm flat started in 2022, leaving it with a remaining lease of 94 years. The flat is located on the 16th to 18th storey range. This floor area is equivalent to 1,001-sq ft. The recent transaction surpassed the previous record high for 4 room flats in Bedok. In April 2026, a 4 room at 154B Bedok South Road was sold for $1.12 million ($1,119 psf). That flat also measures 1,001 sq ft and is located on the 16th to 18th storeys. Both flats started their lease in 2022. These two transactions surpassed last year’s record high of $980,000 ($939 psf), which was set by a flat that is located at 219B Bedok Central. That unit was sold in August 2025. The flat measures 1,044 sq ft. It is located on the 7th to 9th storeys and it has a remaining lease of 83 years. Three private property transactions were recently recorded nearby, a condominium at Eco along Bedok South Avenue 3 was sold for 1.81 million, a condominium at Grandeur Park Residences along Bedok South Avenue 3 was sold for 1.87 million. You can check all the resale transactions (and more) for 4 room flats in Bedok using our property research tools. The HDB flat should appeal to parents with school-going children, as they are within walking distance of several schools, including Bedok Green Primary School, Fengshan Primary School, Yu Neng Primary School, Anglican High School, Saint Anthony's Canossian Secondary School (SACSS) and Tampines Secondary School. Nearby MRT stations include Bayshore, Tanah Merah and Bedok. Grocery shopping can be done in places like FairPrice New Upper Changi Rd, Sheng Siong Supermarket and Giant Supermarket - Bedok Market Place.

Singapore’s private residential property market staged a powerful comeback in March 2026, with developers selling 1,300 private homes – excluding executive condominiums (ECs) – marking a 78.3 per cent increase from the 729 units sold in March last year. The figure also represented a dramatic jump from the mere 246 units sold in February, according to data released by the Urban Redevelopment Authority. The strong performance made March 2026 the best-performing March for new home sales since 2017, underscoring renewed buyer confidence and sustained appetite for newly launched residential projects despite an uncertain global economic backdrop. New Launches Fuel Buying Frenzy A key driver behind the sharp increase in sales was the arrival of several highly anticipated condominium launches that drew overwhelming demand from buyers. Leading the charge was the 455-unit River Modern in River Valley, which sold approximately 90 per cent of its units during its launch weekend. In the suburban market, Rivelle Tampines EC and Pinery Residences also achieved remarkable success, each moving more than 90 per cent of their units shortly after launch. Including ECs, developers sold a total of 1,937 units in March, while 1,615 units were launched during the month. This represented a major rebound from February, when only 266 units were sold and just 15 units were launched due to the seasonal slowdown around Chinese New Year. Market analysts noted that pent-up demand had been building over several quieter months at the start of the year. Buyers who had delayed purchases during the year-end lull returned strongly once fresh inventory entered the market. Strong Demand Despite Global Uncertainty Interestingly, the surge in sales occurred even as geopolitical tensions intensified globally. Analysts pointed to the ongoing Middle East conflict, which began on Feb 28, as a potential source of economic uncertainty. However, the conflict appeared to have little impact on Singapore’s domestic housing demand. According to industry observers, homebuyers remained focused on securing quality projects amid still-favourable mortgage rates and limited supply of attractive new launches. Buyers were especially drawn to projects offering modern layouts, strong connectivity, and future growth potential. Core Central Region Leads the Way One of the standout developments in March was the strong resurgence of Singapore’s prime Core Central Region (CCR). A total of 472 CCR units were sold during the month, with River Modern accounting for 416 of those transactions at a median price of S$3,220 per square foot (psf). The performance established River Modern as one of the most successful non-landed CCR launches in recent years. Other luxury projects also recorded healthy sales activity: Newport Residences sold 22 units at a median price of S$3,062 psf W Residences Marina View Singapore moved six units at a median price of S$2,636 psf Overall, 697 CCR homes were sold in the first quarter of 2026, more than triple the 192 units sold during the same period a year earlier. Analysts described this as the strongest first-quarter CCR performance since 2010. The revival of the CCR market is particularly notable because the segment had struggled for years under cooling measures and higher stamp duties affecting foreign buyers. Luxury Market Remains Resilient Singapore’s luxury housing market also demonstrated resilience in March. A total of 51 new homes priced above S$5 million were sold during the month. Among the most expensive transactions were two units at 32 Gilstead, each measuring more than 4,200 square feet and sold for S$14.5 million to foreign buyers. At Upperhouse along Orchard Boulevard, two 2,056-square-foot units changed hands for S$7.9 million and S$7.8 million respectively, also purchased by overseas buyers. Despite these high-profile deals, foreigners continued to represent only a small proportion of overall transactions, with just eight foreign purchases recorded in March. Executive Condominiums Reach New Pricing Benchmarks The EC market also broke new ground as buyers showed willingness to pay record prices for desirable projects. A total of 275 EC units were sold for at least S$2 million in March, significantly surpassing the previous record of 150 units achieved in March 2025. In addition, 411 EC units were sold at prices above S$1,900 psf, with nearly all of them coming from Rivelle Tampines. The figures suggest that EC buyers are increasingly accepting higher price points in exchange for newer projects located in mature estates with strong transport links and amenities. Gap Between New Launches and Resale Homes Widens While new launch demand remains exceptionally strong, property analysts highlighted a growing price gap between newly launched homes and resale properties across Singapore. In the first quarter of 2026: Median CCR new sale prices reached S$3,174 psf, compared with S$2,223 psf for resale units In the Rest of Central Region (RCR), new homes averaged S$2,686 psf, versus S$1,951 psf for resales The largest gap appeared in the Outside Central Region (OCR), where new homes averaged S$2,502 psf while resale homes stood at S$1,554 psf This widening divergence reflects buyers’ willingness to pay a premium for modern projects with newer facilities, energy-efficient designs, and strong developer branding. At the same time, resale homes are increasingly attracting budget-conscious buyers seeking larger spaces or immediate move-in options. Industry experts believe this “two-tier” market dynamic is likely to persist as more expensive launches enter the market throughout the year. Outlook for the Rest of 2026 Property analysts remain optimistic about Singapore’s residential market for the months ahead. Several major launches are expected to sustain momentum, including upcoming projects such as Vela Bay in Bayshore and Tengah Garden Residences. These developments are expected to attract strong interest because both locations have seen limited new supply in recent years. With mortgage rates remaining relatively low and developers continuing to release attractive projects, buyer demand is likely to remain healthy in the near term. However, rising prices and growing affordability concerns could gradually push more buyers toward the resale market, particularly in suburban areas. Still, March’s strong performance demonstrates that Singapore’s residential property market continues to show remarkable resilience, supported by stable economic fundamentals, limited land supply, and enduring demand for quality housing.

A 4 room HDB flat at 154B Bedok South Road was just sold for a record high price of $1.12 million ($1,119 psf). The lease of the 93 sqm flat started in 2022, leaving it with a remaining lease of 94 years. The flat is located on the 16th to 18th storey range. This floor area is equivalent to 1,001-sq ft. The recent transaction surpassed the previous record high for 4 room flats in Bedok. In February 2026, a 4 room at 430A Bedok North Road was sold for $995,000 ($983 psf). That flat measures 1,012 sq ft and is located on the 16th to 18th storeys. These two transactions surpassed last year’s record high of $980,000 ($939 psf), which was set by a flat that is located at 219B Bedok Central. That unit was sold in August 2025. The flat measures 1,044 sq ft. It is located on the 7th to 9th storeys and it has a remaining lease of 83 years. A private property transaction was recently recorded nearby, a condominium at Eco along Bedok South Avenue 3 was sold for 1.53 million. You can check all the resale transactions (and more) for 4 room flats in Bedok using our property research tools. The HDB flat should appeal to parents with school-going children, as they are within walking distance of several schools, including Bedok Green Primary School, St Anthony's Canossian Primary School, Fengshan Primary School, Anglican High School, Saint Anthony's Canossian Secondary School (SACSS) and Junyuan Secondary School. Nearby MRT stations include Bayshore, Tanah Merah and Bedok. Grocery shopping can be done in places like FairPrice New Upper Changi Rd, Sheng Siong Supermarket and Giant Supermarket - Bedok Market Place.

A 4 room HDB flat at 698C Jurong West Central 3 was just sold for a record high price of $820,000 ($819 psf). The lease of the 93 sqm flat started in 2017, leaving it with a remaining lease of 90 years. The flat is located on the 13th to 15th storey range. This floor area is equivalent to 1,001-sq ft. The recent HDB transaction surpassed the previous record high for 4 room flats in Jurong West. In March 2025, a 4 room at 698C Jurong West Central 3 was sold for $780,000 ($779 psf). That flat also measures 1,001 sq ft and is located on the 10th to 12th storeys. Both flats started their lease in 2017. These two resale transactions surpassed 2024's record high of $742,000 ($775 psf), which was set by a flat that is located at 138D Yuan Ching Road. That flat was sold in November 2024. The flat measures 958 sq ft. It is located on the 16th to 18th storeys and it has a remaining lease of 89 years. A private property transaction was recently recorded nearby, a condominium unit at The Centris along Jurong West Central 3 was sold for $1.805 million. Being a leasehold tenure, it has a remaining lease of 79 years only. It is an integrated development with Jurong Point shopping mall below the residential units.  You can check all the resale transactions (and more) for 4 room flats in Jurong West using our property research tools. The HDB flat should appeal to parents with school-going children, as they are within walking distance of several schools, including Corporation Primary School, Westwood Primary School, Shuqun, Yuan Ching Secondary School, Jurong Secondary School and Juying Secondary School. Nearby MRT station and bus interchange is Boon Lay. Grocery shopping can be done at FairPrice supermarket at Jurong Point.