Commentary on Monthly New Home Sales for February 2026

By Tricia Song (宋明蔚), Head of Research, Singapore and Southeast Asia, CBRE

In the absence of new launches amid the Chinese New Year lull, developer sales slowed in February. 246 new private homes were sold, down 47.2% m-o-m from 466 units in Jan 2026 and 84.6% y-o-y from the 1,597 units moved in Feb 2025. 

This brings the first two months of the year’s new home sales to 712 units, down 73.4% compared to the same period last year which had been bolstered by robust takeup of The Orie, Parktown Residence, and Elta.  Homebuying sentiment and appetite is by no means weaker as the attractive launch line-up starting from March should see sales pick up strongly hereon.  

Top 10 Selling Projects in February 2026 (including ECs and landed)

Project Name	Street Name	Tenure	Locality	Units Sold in the Month	Median Price ($psf) in the Month	% of project sold to date
NEWPORT RESIDENCES	ANSON ROAD	999 yrs	CCR	32	$3,059	66.3%
PINETREE HILL	PINE GROVE	99 yrs	RCR	19	$2,576	97.7%
CHUAN PARK	LORONG CHUAN	99 yrs	OCR	14	$2,674	91.4%
ONE MARINA GARDENS	MARINA GARDENS LANE	99 yrs	RCR	13	$2,989	62.2%
THE CONTINUUM	THIAM SIEW AVENUE	Freehold	RCR	12	$2,915	85.4%
BLOOMSBURY RESIDENCES	MEDIA CIRCLE	99 yrs	RCR	12	$2,550	75.1%
NARRA RESIDENCES	DAIRY FARM WALK	99 yrs	OCR	12	$2,146	23.9%
THE LAKEGARDEN RESIDENCES	YUAN CHING ROAD	99 yrs	OCR	10	$2,321	94.1%
ELTA	CLEMENTI AVENUE 1	99 yrs	OCR	10	$2,669	74.5%
OTTO PLACE (EC)	PLANTATION CLOSE	99 yrs	OCR	10	$1,760	98.5%

Source: CBRE Research, URA

There were no new launches in Feb 2026 amid the Chinese New Year lull.  As such, all top performing projects were existing launches, including 1 EC project.

The top performing launch was 999-year CBD project Newport Residences (246 units) which moved over 50% sold during its launch in January, due to its attractive pricing for a near-freehold project in the CCR. The project sold 32 more units in February at a median price of $3,059 psf. 

The second top performer was city-fringe launch Pinetree Hill (520 units) which was launched in Jul 2023. The project moved another 19 units in Feb 2026 at a median price of $2,576 psf and is now 98% sold. This was followed by suburban project Chuan Park (916 units). Launched in Nov 2024, 14 more units changed hands at a median price of $2,674 psf in Feb 2026. 

By market segment, Feb 2026’s developer sales (excluding ECs) were led by the Rest of Central Region (RCR). 103 units or 42% of total February sales were recorded, compared to 121 units (26%) in Jan 2026. 

• The Outside Central Region (OCR) moved 80 units or 33% of total February sales after 183 units (39%) in Jan 2026.
• The Core Central Region (CCR) moved 63 units (26% of total February sales), down from 162 units (35%) in January which saw the launch of Newport Residences.

New Home Sales (excl. ECs) by quantum

Source: CBRE Research, URA
*Based on Realis new sales (excl. EC) caveats extracted on 16 Mar 2026. 

Based on quantum size, the largest proportion of new private homes sold (excl. ECs) at 36% was actually in the S$3.00 – 5.00 mil range from larger units sold at existing launches Chuan Park, The Continuum, and Pinetree Hill. The $2.50 – 3.00 mil range was second at 19%.

Outlook and Forecasts

February’s sales take the tally of new homes sold in 2M2026 to 712 units. Looking ahead, sales momentum is set to pick up in March alongside high-profile launches such as River Modern (455 units) in the River Valley district. It was reported that the project saw robust take-up, moving 410 units or 90% of its total 455 units at an average price of $3,266 psf over its launch weekend on 7-8 March.

At Tampines in the OCR, residential-commercial project Pinery Residences (588 units) at Tampines Street 94 and nearby Rivelle Tampines EC (572 units) have started previews, with prices starting from around $2,400 psf and around $1,800 psf respectively. Despite the benchmark pricings, they could still see good demand from upgraders and first timers when they open for booking on 28 and 21 March respectively.

Homebuying sentiment and appetite has been healthy on the back of fast-declining interest rates and steady household income growth. However, volatility arising from a protracted US–Iran conflict is likely to increase caution among homebuyers, who may become more discerning in their purchase decisions. Competitive and realistic developer pricing will be critical.

CBRE Research projects that 7,500 – 8,500 new homes will be sold in 2026, coming off a strong pent-up demand and the 10,815 units in 2025, and slightly below the 5-year average (2021 – 2025) of 8,766 units.

Correspondingly, private home prices, which increased 3.3% in 2025, are likely to grow at a stable pace in 2026. CBRE Research forecasts a price growth of 2 – 4%.