April new home sales more than double to highest level in six months

[SINGAPORE] Developers sold 1,548 private homes, excluding executive condominiums (ECs), in April, up 129 per cent year on year and reaching the highest level in six months.April sales were up 19.1 per cent from the 1,300 units sold in March, data released by the Urban Redevelopment Authority on Friday (May 15) showed.Including executive condominiums, 1,649 units were sold in April with 1,426 units launched; in April 2025, 771 units were sold and 1,344 units were launched. In comparison, 1,937 units were sold and 1,615 units were launched in March 2026.Among the three market segments, the Outside Central Region (OCR) led in condo and private apartment sales, accounting for 87.7 per cent of sales in April. The strong showing was driven by firm take-ups at Tengah Garden Residences and Vela Bay.Both projects notched more than 1,220 units in sales over their weekend launches in April, with Tengah Garden Residences nearing sell-out at an average price of S$2,120 per square foot (psf). Vela Bay, the first private residential project in the Bayshore precinct, recorded a 72 per cent take-up rate at S$2,886 psf.“This reflects continued buyer appetite in the OCR, particularly for developments that are well-positioned in terms of location and value proposition,” said Marcus Chu, ERA Singapore chief executive officer.The Rest of Central Region accounted for 10.3 per cent of primary sales and the Core Central Region made up just 1.9 per cent of new sales last month.