Fewer launches fail to dent buyer appetite in Singapore housing market

New launches declined by 41.3% to 1,844 units in Q1.

Singapore's private residential market recorded a slower pace of new launches in Q1 2026, but buyer demand remained resilient as several major projects achieved strong take-up rates, according to Savills.

A total of 1,844 units were launched during the quarter, down nearly 30% from 2,632 units in Q4 2025 and 41.3% lower year-on-year. Savills noted that the slowdown followed the bumper launch activity seen in 2025 and marked the lowest quarterly launch volume since Q2 2025.

The Outside Central Region (OCR) accounted for 62% of launches, or 1,143 units, while the remaining 701 units were in the Core Central Region (CCR). Notably, no projects were launched in the Rest of Central Region (RCR), the first such occurrence since the Urban Redevelopment Authority began publishing the data.

Four new developments were launched in Q1, down from six in the previous quarter. Despite fewer launches, most projects recorded healthy sales, with more than half of available units sold during their launch weekends.

Among CCR projects, River Modern emerged as the strongest performer, achieving a take-up rate exceeding 90%. The 455-unit River Valley development sold 410 units during the quarter at an average price of S$3,269 per sq ft. Savills said the project's direct link to Great World MRT station and strong demand for centrally located homes helped underpin sales. Three-bedroom units proved particularly popular, with more than 95% sold.

Newport Residences also posted solid results, selling 184 of its 246 freehold units by the end of the quarter at an average price of S$3,160 per sq ft. Savills attributed the performance to the scarcity of freehold homes in the city centre and the development's proximity to multiple MRT stations and the CBD.

In the OCR, Pinery Residences led the market, selling 537 of its 588 units for a take-up rate of 91.3%. The project achieved an average selling price of S$2,546 per sq ft. According to Savills, strong demand from Singaporean and permanent resident buyers, combined with limited new supply in Tampines in recent years, supported the project's performance despite geopolitical uncertainty following the outbreak of conflict in the Middle East.

Savills said the strong sales recorded across both CCR and OCR projects highlight continued buyer confidence, particularly for developments offering strong connectivity, mixed-use amenities and limited competing supply.