Singapore Condo Market Outlook: January 2026 Resurgence
The Singapore condo market outlook shows a clear rebound in January 2026 developer sales after a quiet December. While the overall volume did not match the previous year’s peak, buyer interest returned, particularly for new launches in desirable locations and Executive Condominiums (ECs).
Data from the URA indicates that developers sold 990 new private homes, including ECs, in January. Excluding ECs, 466 private homes were sold, more than double the 197 units transacted in December. This period also saw 786 new private homes launched for sale, a notable increase from December’s 52 units.
A Strong Start for Singapore Property Market Sentiment
January’s sales figures signal an improved Singapore property market sentiment. The significant jump from 197 units in December to 466 units in January for private condominiums (excluding ECs) represents a 136% month-on-month increase. Although December typically sees slower activity due to the festive season, January’s recovery was particularly strong.
However, when compared to January of the previous year, sales were lower. The prior year’s January benefited from several large launches with exceptional take-up rates. This year’s performance suggests a more selective and measured market environment.
Key Drivers: New Launches Boost Sales
January’s private home sales were largely concentrated in two projects: Newport Residences in the Core Central Region (CCR) and Narra Residences in the Outside Central Region (OCR). Together, these developments accounted for 254 units, making up approximately 54.5% of total private home sales, excluding ECs.
Newport Residences Leads in Core Central Region
Newport Residences, a freehold development, launched 246 units in January and sold 132 units within the month. The median price was S$3,070 per square foot (psf), with some units exceeding S$4,000 psf. This strong performance in the CCR suggests continued buyer confidence in prime district properties, especially when pricing aligns with market conditions.
The total CCR sales reached 162 units in January, a substantial increase from December’s 20 units. This trend continues the positive momentum observed in the CCR throughout 2025 as interest rates stabilised and more prime supply became available.
Narra Residences Contributes to Outside Central Region Growth
In the OCR, Narra Residences launched all 540 units in January, with 122 units sold at a median of S$2,148 psf. While the initial take-up was more moderate compared to some large launches, this pace is typical for the location. Such projects often see steady absorption over time rather than instant sell-outs.
The OCR led January’s sales with 183 units sold, a sharp rise from 67 units in December. This reflects consistent demand for suburban locations, especially when pricing remains accessible for HDB upgraders and mass-market buyers.
Steady Activity in Rest of Central Region without New Launches
The Rest of Central Region (RCR) did not feature any new launches in January. However, 121 units were still sold from existing projects, slightly more than December’s 110 units. Notable transactions included Grand Dunman, The Continuum, One Marina Gardens, and Bloomsbury Residences.
This steady pace indicates that buyers continue to consider earlier launches, particularly as supply in certain city-fringe areas becomes tighter.
Executive Condominium Sales Singapore: A Significant Performer
While private condo sales saw a rebound, the Executive Condominium sales Singapore segment was a key highlight in January. Developers sold 524 EC units, a significant jump from just 37 units in December.
This surge was primarily driven by the launch of Coastal Cabana, a 748-unit EC in Pasir Ris, which sold 504 units in January at a median price of S$1,790 psf. The robust performance highlights consistent demand for ECs among first-time buyers and HDB upgraders. EC pricing remains more affordable compared to new 99-year leasehold private condominiums in the OCR. The Singapore condo market outlook for ECs anticipates periodic surges throughout 2026 with new launches planned.
Foreign Buyer Participation Remains Low
Despite a prime CCR launch in January, foreign buyer participation in the Singapore property market remained limited. Foreigners accounted for approximately 2% of new non-landed private home purchases, excluding ECs. Singaporeans comprised the majority of transactions, followed by Permanent Residents.
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