{"id":95053,"date":"2026-04-15T16:51:44","date_gmt":"2026-04-15T08:51:44","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=95053"},"modified":"2026-04-17T18:50:17","modified_gmt":"2026-04-17T10:50:17","slug":"march-developer-sales-close-to-2000-units","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/march-developer-sales-close-to-2000-units\/","title":{"rendered":"Robust new launch take-up pushes March developer sales close to 2,000 units"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\n<p>Developers\u2019 sales for private homes climbed to a five-month high in March, supported by the launch performance of <strong><a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/river-modern\" target=\"_blank\" rel=\"noreferrer noopener\">River Modern<\/a><\/strong> and <strong><a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/pinery-residences\" target=\"_blank\" rel=\"noreferrer noopener\">Pinery Residences<\/a><\/strong>. Mr\u00a0Luqman Hakim, Chief Data &amp; Analytics Officer at\u00a099.co, noted that &#8220;the strong showing highlights that buyer appetite for new launches remains intact for now, even against a backdrop of economic uncertainty.&#8221;<\/p>\n\n\n\n<p>Data released by the Urban Redevelopment Authority (URA) on Wednesday (Apr 15) showed that new home sales in March, excluding executive condominiums (ECs), rose more than fivefold to 1,300 units, up from 246 units in February. Including ECs, total developer sales reached <strong>1,937 units<\/strong>. This marks a sharp increase from February, when developers moved just <a href=\"https:\/\/www.99.co\/singapore\/insider\/february-new-home-sales-ease-amid-festive-lull-and-quieter-launch-calendar\/\" target=\"_blank\" rel=\"noreferrer noopener\">266 units in total<\/a> amid a festive lull and a quieter launch calendar<\/p>\n\n\n\n<p>&#8220;It is too early to say if this level of demand will persist. Market sentiment in the months ahead is likely to remain sensitive to global developments and shifting expectations around interest rates,&#8221; Mr Luqman added.<\/p>\n\n\n\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><h2>Table of contents<\/h2><ul><li><a href=\"#h-near-sellout-new-launches-in-march-2026\" data-level=\"2\">Near sellout new launches in March 2026<\/a><\/li><li><a href=\"#h-new-home-sales-across-regions\" data-level=\"2\">New home sales across regions<\/a><ul><li><a href=\"#h-ocr-leads-on-strong-mass-market-demand\" data-level=\"3\">OCR leads on strong mass-market demand<\/a><\/li><li><a href=\"#h-ccr-rebounds-sharply-with-river-modern\" data-level=\"3\">CCR rebounds sharply with River Modern<\/a><\/li><li><a href=\"#h-rcr-holds-steady-without-new-supply\" data-level=\"3\">RCR holds steady without new supply<\/a><\/li><\/ul><\/li><li><a href=\"#h-fresh-ocr-launches-to-drive-april-activity\" data-level=\"2\">Fresh OCR launches to drive April activity<\/a><\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-near-sellout-new-launches-in-march-2026\">Near sellout new launches in March 2026 <\/h2>\n\n\n\n<p>March\u2019s strong showing came on the back of near sell-out launches across several projects. The 455-unit River Modern moved about 90% of its units over its launch weekend, while Pinery Residences and Rivelle Tampines EC also cleared more than 90% of their units upon launch.<\/p>\n\n\n\n<p>These projects drove a large share of March\u2019s transactions. River Modern and Pinery Residences alone accounted for 959 units, making up nearly 74% of total developer sales for the month. Meanwhile, Rivelle Tampines EC also posted strong take-up, reinforcing the momentum seen in the EC segment. A key thread across these projects is their strong connectivity to the MRT network, a factor that continues to rank among buyers\u2019 top considerations.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Project Name<\/strong><\/td><td><strong>Region<\/strong><\/td><td><strong>Units Sold in March<\/strong><\/td><td><strong>Median PSF<\/strong> <strong>(S$)<\/strong><\/td><\/tr><tr><td>Pinery Residences<\/td><td><br>OCR<\/td><td>543<\/td><td>2,547<\/td><\/tr><tr><td>Rivelle Tampines EC<\/td><td>OCR<\/td><td>530<\/td><td>1,937<\/td><\/tr><tr><td>River Modern<\/td><td>CCR<\/td><td>416<\/td><td>3,220<\/td><\/tr><tr><td>Coastal Cabana EC<\/td><td>OCR<\/td><td>96<\/td><td>1,801<\/td><\/tr><tr><td>Parktown Residence<\/td><td>OCR<\/td><td>29<\/td><td>2,307<\/td><\/tr><tr><td>The Continuum<\/td><td>RCR<\/td><td>24<\/td><td>2,806<\/td><\/tr><tr><td>Newport Residences<\/td><td>CCR<\/td><td>22<\/td><td>3,062<\/td><\/tr><tr><td>Narra Residences<\/td><td>OCR<\/td><td>21<\/td><td>2,189<\/td><\/tr><tr><td>Promenade Peak<\/td><td>RCR<\/td><td>21<\/td><td>3,096<\/td><\/tr><tr><td>Bloomsbury Residences<\/td><td>RCR<\/td><td>19<\/td><td>2,588<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">Top developers\u2019 sales in March 2026 (Source: URA)<\/figcaption><\/figure>\n\n\n\n<p>Despite the robust March figures, first-quarter performance remained softer on a broader view. Excluding ECs, developers sold 2,012 new private homes in Q1 2026, down 31.6% from the previous quarter, which saw a larger pipeline of private new launches.<\/p>\n\n\n\n<p>At the same time, EC pricing continues to push new benchmarks. In March, 275 EC units were transacted at prices of at least S$2 million. Much of this momentum came from <strong><a href=\"https:\/\/www.99.co\/singapore\/sale\/condos-apartments\/rivelle-tampines\" target=\"_blank\" rel=\"noreferrer noopener\">Rivelle Tampines EC<\/a><\/strong>, where 530 units were sold at a median price of S$1,937 psf. Notably, nearly half of these transactions fell within the S$2 million to S$3 million range, underscoring the project\u2019s strong pricing power and demand depth.<\/p>\n\n\n\n<p><strong><em>Read more: <a href=\"https:\/\/www.99.co\/singapore\/insider\/rivelle-tampines-last-ec-launch-in-the-east\/\" target=\"_blank\" rel=\"noreferrer noopener\">Rivelle Tampines: The last East-side EC launch of 2026?<\/a><\/em><\/strong><\/p>\n\n\n\n<iframe loading=\"lazy\" style=\"border: none; width: 350px !important; box-shadow: 0px 2px 12px rgb(11 17 52 \/ 15%); border-radius: 16px;\" src=\"https:\/\/www.99.co\/property-value-widget?contentSource=insider-blog&amp;contentId=march-developer-sales-close-to-2000-units\" width=\"350\" height=\"370\" scrolling=\"no\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><\/span><\/iframe><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-new-home-sales-across-regions\">New home sales across regions<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-ocr-leads-on-strong-mass-market-demand\">OCR leads on strong mass-market demand<\/h3>\n\n\n\n<p>The Outside Central Region (OCR) took the lead in March, driven by firm demand in the mass-market segment. Developers sold 665 new private homes (excluding ECs), marking the sub-market\u2019s strongest monthly performance since August 2025, when multiple launches lifted volumes.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"4218\" height=\"2812\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2026\/04\/Pinery_Facade_Artist_Impression-edited.jpg\" alt=\"\" class=\"wp-image-95061\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2026\/04\/Pinery_Facade_Artist_Impression-edited.jpg 4218w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2026\/04\/Pinery_Facade_Artist_Impression-edited-1536x1024.jpg 1536w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2026\/04\/Pinery_Facade_Artist_Impression-edited-2048x1365.jpg 2048w\" sizes=\"(max-width: 4218px) 100vw, 4218px\" \/><figcaption class=\"wp-element-caption\">Pinery Residences sold 543 of its 588 units (92.5%) over the launch weekend in March 2026<\/figcaption><\/figure>\n\n\n\n<p>Sales were heavily concentrated in Pinery Residences, which moved 543 out of its 588 units at a median price of S$2,547 psf. The project alone accounted for more than 80% of total OCR transactions.<\/p>\n\n\n\n<p><strong><em>Read more: <a href=\"https:\/\/www.99.co\/singapore\/insider\/evaluating-pinery-residences-against-tampines-condos\/\" target=\"_blank\" rel=\"noreferrer noopener\">How Pinery Residences compares with Tampines\u2019 latest launches and resale condos<\/a><\/em><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-ccr-rebounds-sharply-with-river-modern\">CCR rebounds sharply with River Modern<\/h3>\n\n\n\n<p>In the Core Central Region (CCR), sales rebounded sharply to 472 units in March, the highest level in five months and a significant jump from 63 units in February. The uplift came largely from River Modern, which sold 416 out of 455 units at a median price of S$3,220 psf. Its strong performance anchored overall CCR activity for the month.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1125\" height=\"750\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2026\/04\/89620417-edited.jpg\" alt=\"\" class=\"wp-image-95062\"\/><figcaption class=\"wp-element-caption\">River Modern moved 90% of its units at an average price of\u00a0S$3,220 psf\u00a0<\/figcaption><\/figure>\n\n\n\n<p>Other projects contributed more modestly. <strong><a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/newport-residences\" target=\"_blank\" rel=\"noreferrer noopener\">Newport Residences<\/a><\/strong> recorded 22 units sold at a median price of S$3,062 psf, while <strong><a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/w-residences-singapore---marina-view\" target=\"_blank\" rel=\"noreferrer noopener\">W Residences Marina View<\/a><\/strong> \u2013 Singapore saw six units transacted, marking its strongest monthly sales since July 2025.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-rcr-holds-steady-without-new-supply\">RCR holds steady without new supply<\/h3>\n\n\n\n<p>The Rest of Central Region (RCR) turned in a steady performance in March, with activity anchored by existing projects rather than new supply. Developers sold 163 units during the month, up from 103 units in February, as buyers continued to absorb available inventory. Among the top contributors were <strong><a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/the-continuum\" target=\"_blank\" rel=\"noreferrer noopener\">The Continuum<\/a><\/strong>, which moved 24 units at a median price of S$2,806 psf, and Promenade Peak, which recorded 21 transactions at a median price of S$3,096 psf.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"980\" height=\"653\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2026\/04\/promenade-peak-edited.jpg\" alt=\"\" class=\"wp-image-95064\"\/><figcaption class=\"wp-element-caption\">Promenade Peak is located in a prime city-fringe location along the Singapore River<\/figcaption><\/figure>\n\n\n\n<p><strong><a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/promenade-peak\" target=\"_blank\" rel=\"noreferrer noopener\">Promenade Peak<\/a><\/strong>, first launched in August 2025, could also benefit from a spillover effect following the strong take-up at nearby River Modern. While the two projects fall under different regional classifications, their proximity along the Singapore River may draw similar buyer interest.<\/p>\n\n\n\n<p><strong>Get the latest details on available units at\u00a0Promenade Peak!<\/strong><\/p>\n\n\n\n<!-- TRACKER BUTTON START -->\n<div class=\"wp-block-buttons\" style=\"margin:auto;text-align:center;margin-bottom: 24px;\">\n<div class=\"wp-block-button\" >\n    <a \n        class=\"wp-block-button__link has-white-color has-blue-background-color has-text-color has-background has-link-color wp-element-button\" \n        href=\"https:\/\/api.whatsapp.com\/send?phone=6580581253&#038;text=Hi%2C%20I%27m%20interested%20to%20know%20more%20about%20this%20new%20launch%20project%20https%3A%2F%2Fwww.99.co%2Fsingapore%2Fcondos-apartments%2Fpromenade-peak%0A%0AI%20would%20like%20to%20get%20the%20latest%20information%20for%20Promenade%20Peak&#038;utm_source=insider\"\n        style=\"color: white! important; margin: 25px;\" \n        data-analytics-event=\"Enquire Now Button Clicked\">Enquire Now<\/a>\n<\/div>\n<\/div>\n<!-- TRACKER BUTTON ENDS -->\n\n\n\n<p><\/p>\n\n\n\n<p><strong><em>Read more: <a href=\"https:\/\/www.99.co\/singapore\/insider\/river-modern-vs-other-river-valley-new-launches\/\" target=\"_blank\" rel=\"noreferrer noopener\">Comparing multiple new launches in the River Valley area<\/a><\/em><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-fresh-ocr-launches-to-drive-april-activity\">Fresh OCR launches to drive April activity<\/h2>\n\n\n\n<p>Looking ahead, April is set to see another wave of buying interest, supported by upcoming launches such as <strong><a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/vela-bay\" target=\"_blank\" rel=\"noreferrer noopener\">Vela Bay<\/a><\/strong> and <strong><a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/tengah-garden-residences\" target=\"_blank\" rel=\"noreferrer noopener\">Tengah Garden Residences<\/a><\/strong>.<\/p>\n\n\n\n<p>Both projects mark the first private condominium launches within their respective precincts in Bayshore and Tengah, positioning them to benefit from ongoing transformation and early-mover advantage. In particular, Vela Bay sits right next to Bayshore MRT station on the Thomson-East Coast Line, while Tengah Garden Residences is located beside the future Hong Kah MRT station on the Jurong Region Line, and will feature integrated commercial offerings.<\/p>\n\n\n\n<p>As both developments fall within the OCR, they are likely to further support sales momentum in the sub-market in the coming months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Developers\u2019 sales for private homes climbed to a five-month high in March, supported by the launch performance of River Modern and Pinery Residences. Mr\u00a0Luqman Hakim, Chief Data &amp; Analytics Officer at\u00a099.co, noted that &#8220;the strong showing highlights that buyer appetite for new launches remains intact for now, even against a backdrop of economic uncertainty.&#8221; Data&hellip;<\/p>\n","protected":false},"author":142,"featured_media":95076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"59689,66999,62649,71095,49898,62098","_relevanssi_noindex_reason":"","_lmt_disableupdate":"","_lmt_disable":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53601,53725,53738,57131],"tags":[53604,56941,56077,53740,59593,59691],"persona":[57125,57127,57126,57128],"class_list":{"2":"type-post","21":"entry","22":"has-post-thumbnail"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Close to 2,000 new homes sold by developers in March 2026 - 99.co<\/title>\n<meta name=\"description\" content=\"Developers\u2019 sales for private homes climbed to a five-month high in March, supported by River Modern and Pinery Residences. 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