"
\n
\n
<\/div><\/a>\n
\n

A 5 room HDB flat along Henderson Road was just sold for a record high price of $1.73 million<\/h2><\/a>\n
\n <\/i>May 01, 2026<\/span>\n <\/i>1<\/span>\n <\/i>0<\/span>\n <\/div>\n
\n

A 5 room HDB flat at 96A Henderson Road was just sold for a record high price of $1.73 million ($1,421 psf). The lease of the 113 sqm flat started in 2019, leaving it with a remaining lease of 92 years. The flat is located on the 46th to 48th storey range. This floor area is equivalent to 1,216-sq ft.\r\n\r\nThe recent transaction surpassed the previous record high for 5 room flats in Bukit Merah. In March 2026, a 5 room at 9A Boon Tiong Road was sold for $1.65 million ($1,368 psf). That flat measures 1,206 sq ft and is located on the 25th to 27th storeys. However, the flat at Block 9A has a shorter lease of 88 years, as its lease started in 2016.\r\n\r\nThese two transactions surpassed 2024's record high of $1.59 million ($1,317 psf), which was set by a flat that is located at 9B Boon Tiong Road. That unit was sold in June 2024. The flat measures 1,206 sq ft. It is located on the 34th to 36th storeys and it has a remaining lease of 90 years.\r\n\r\nThree private property transactions were recently recorded nearby, a condominium at The Crest along Prince Charles Crescent was sold for 2.55 million, an apartment at Artra along Alexandra View was sold for 2.75 million and a condominium at Central Green Condominium along Jalan Membina was sold for 2.21 million.\r\n\r\nYou can check all the resale transactions (and more) for 5 room flats in Bukit Merah using our property research tools.\r\n\r\nThe HDB flat should appeal to parents with school-going children, as they are within walking distance of several schools, including Gan Eng Seng Primary School, Radin Mas Primary School, Queenstown Primary School, Queensway Secondary School, CHIJ St Theresa's Convent and Queenstown Secondary School. Nearby MRT stations include Havelock, Great World and Tiong Bahru. Grocery shopping can be done in places like FairPrice Bukit Ho Swee, Giant Express - Jalan Membina and Sheng Siong Supermarket.\r\n<\/p>\n <\/div>\n

\n
Read More<\/a><\/div>\n
By, Chief Editor<\/span>\"img\"<\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n
\n
\n
<\/div><\/a>\n
\n

Tengah Garden Residences Nearly Sells Out at Launch, Signalling Strong Confidence in Tengah\u2019s Future<\/h2><\/a>\n
\n <\/i>April 27, 2026<\/span>\n <\/i>3<\/span>\n <\/i>0<\/span>\n <\/div>\n
\n

Singapore’s newest housing estate has recorded a major milestone, with almost all units at Tengah’s first private condominium snapped up during its launch weekend.\r\n\r\nTengah Garden Residences, the first mixed-use private development in Tengah, sold 853 out of 863 units by 3pm on Sunday (Apr 26), achieving an impressive take-up rate of almost 99 per cent. The project transacted at an average price of S$2,120 per square foot (psf), making it the strongest private residential launch in Singapore so far in 2026.\r\n\r\nDeveloped jointly by Hong Leong Holdings, GuocoLand and CSC Land Group, the 99-year leasehold development attracted strong interest from homebuyers and investors alike, with Singaporeans accounting for 90 per cent of purchasers.\r\n\r\nStrong Demand Across Buyer Segments\r\n\r\nAccording to Hong Leong Holdings, prices ranged between S$1,779 psf and S$2,340 psf. The only remaining units were the largest four-bedroom premium apartments with yard spaces.\r\n\r\nThe development offers a range of one- to four-bedroom units sized between 485 sq ft and 1,260 sq ft. Starting prices began from S$980,000 for one-bedroom units, S$1.11 million for two-bedroom units, S$1.588 million for three-bedroom units and S$2.288 million for four-bedroom units.\r\n\r\nTengah’s Growth Story Continues to Gain Momentum\r\n\r\nProperty analysts attributed the exceptional sales performance to Tengah’s strong growth prospects, attractive entry pricing and the project’s first-mover advantage as the town’s inaugural private condominium.\r\n\r\nDemand was particularly strong among upgraders and right-sizers from nearby western estates including Bukit Batok, Choa Chu Kang, Jurong East, Jurong West and Bukit Panjang.\r\n\r\nPositioned near the upcoming Jurong Region Line’s Hong Kah MRT station, Tengah Garden Residences enjoys strong future connectivity to the wider western region. Residents will also benefit from proximity to major retail hubs such as JEM, Westgate and IMM.\r\n\r\nThe development is also located near several educational institutions, including the upcoming Anglo-Chinese School (Primary), Princess Elizabeth Primary School, Swiss Cottage Secondary School and Nanyang Technological University.\r\n\r\nTengah Garden Residences is considered a mixed-use development, there are retail and commercial shops on the first storey. But it is not a fully integrated development in the same category as projects like Parktown Residence.\r\n\r\nThe project is expected to obtain its Temporary Occupation Permit (TOP) in 2029.\r\n\r\nPricing Analysis for Tengah Garden Residences\r\n\r\nThe Government Land Sales (GLS) site for Tengah Garden Residences was sold for approximately S$675 million, which worked out to about S$821 per square foot per plot ratio (psf ppr).\r\n\r\nProperty developers needed to sell at around S$1,800–S$1,950 psf on average to make a reasonable profit.\r\n\r\nAt S$2,120 psf average, the project is likely profitable with healthy margins, especially given strong early sales (low holding cost risk).\r\n\r\nAnother Strong Launch in 2026’s Property Market\r\n\r\nTengah Garden Residences joins a growing list of highly successful launches this year. It is now the fourth project in 2026 to achieve a launch weekend take-up rate exceeding 90 per cent.\r\n\r\nEarlier this year, River Modern sold 90 per cent of its units at an average of S$3,266 psf, while Rivelle Tampines achieved approximately 93 per cent sales at S$1,893 psf. Meanwhile, Pinery Residences moved 92.5 per cent of its units at an average price of S$2,546 psf.\r\n\r\nThe strong momentum across recent launches suggests that despite higher interest rates and cautious global economic conditions, demand for well-located and competitively priced homes in Singapore remains resilient — particularly in emerging growth districts such as Tengah.\r\n<\/p>\n <\/div>\n

\n
Read More<\/a><\/div>\n
By, Chief Editor <\/span>\"img\"<\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n
\n
\n
<\/div><\/a>\n
\n

A 4 room HDB flat along Bedok South Road was just sold for a record high price of $1.17 million<\/h2><\/a>\n
\n <\/i>April 22, 2026<\/span>\n <\/i>1<\/span>\n <\/i>0<\/span>\n <\/div>\n
\n

A 4 room HDB flat at 154B Bedok South Road was just sold for a record high price of $1.17 million ($1,169 psf). The lease of the 93 sqm flat started in 2022, leaving it with a remaining lease of 94 years. The flat is located on the 16th to 18th storey range. This floor area is equivalent to 1,001-sq ft.\r\n\r\nThe recent transaction surpassed the previous record high for 4 room flats in Bedok. In April 2026, a 4 room at 154B Bedok South Road was sold for $1.12 million ($1,119 psf). That flat also measures 1,001 sq ft and is located on the 16th to 18th storeys. Both flats started their lease in 2022.\r\n\r\nThese two transactions surpassed last year’s record high of $980,000 ($939 psf), which was set by a flat that is located at 219B Bedok Central. That unit was sold in August 2025. The flat measures 1,044 sq ft. It is located on the 7th to 9th storeys and it has a remaining lease of 83 years.\r\n\r\nThree private property transactions were recently recorded nearby, a condominium at Eco along Bedok South Avenue 3 was sold for 1.81 million, a condominium at Grandeur Park Residences along Bedok South Avenue 3 was sold for 1.87 million.\r\n\r\nYou can check all the resale transactions (and more) for 4 room flats in Bedok using our property research tools.\r\n\r\nThe HDB flat should appeal to parents with school-going children, as they are within walking distance of several schools, including Bedok Green Primary School, Fengshan Primary School, Yu Neng Primary School, Anglican High School, Saint Anthony's Canossian Secondary School (SACSS) and Tampines Secondary School. Nearby MRT stations include Bayshore, Tanah Merah and Bedok. Grocery shopping can be done in places like FairPrice New Upper Changi Rd, Sheng Siong Supermarket and Giant Supermarket - Bedok Market Place.\r\n<\/p>\n <\/div>\n

\n
Read More<\/a><\/div>\n
By, Chief Editor<\/span>\"img\"<\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n
\n
\n
<\/div><\/a>\n
\n

Singapore\u2019s Private Housing Market Surges as New Launches Drive Record March Sales<\/h2><\/a>\n
\n <\/i>April 16, 2026<\/span>\n <\/i>3<\/span>\n <\/i>0<\/span>\n <\/div>\n
\n

Singapore’s private residential property market staged a powerful comeback in March 2026, with developers selling 1,300 private homes – excluding executive condominiums (ECs) – marking a 78.3 per cent increase from the 729 units sold in March last year. The figure also represented a dramatic jump from the mere 246 units sold in February, according to data released by the Urban Redevelopment Authority.\r\n\r\nThe strong performance made March 2026 the best-performing March for new home sales since 2017, underscoring renewed buyer confidence and sustained appetite for newly launched residential projects despite an uncertain global economic backdrop.\r\n\r\nNew Launches Fuel Buying Frenzy\r\n\r\nA key driver behind the sharp increase in sales was the arrival of several highly anticipated condominium launches that drew overwhelming demand from buyers.\r\n\r\nLeading the charge was the 455-unit River Modern in River Valley, which sold approximately 90 per cent of its units during its launch weekend. In the suburban market, Rivelle Tampines EC and Pinery Residences also achieved remarkable success, each moving more than 90 per cent of their units shortly after launch.\r\n\r\nIncluding ECs, developers sold a total of 1,937 units in March, while 1,615 units were launched during the month. This represented a major rebound from February, when only 266 units were sold and just 15 units were launched due to the seasonal slowdown around Chinese New Year.\r\n\r\nMarket analysts noted that pent-up demand had been building over several quieter months at the start of the year. Buyers who had delayed purchases during the year-end lull returned strongly once fresh inventory entered the market.\r\n\r\nStrong Demand Despite Global Uncertainty\r\n\r\nInterestingly, the surge in sales occurred even as geopolitical tensions intensified globally. Analysts pointed to the ongoing Middle East conflict, which began on Feb 28, as a potential source of economic uncertainty. However, the conflict appeared to have little impact on Singapore’s domestic housing demand.\r\n\r\nAccording to industry observers, homebuyers remained focused on securing quality projects amid still-favourable mortgage rates and limited supply of attractive new launches. Buyers were especially drawn to projects offering modern layouts, strong connectivity, and future growth potential.\r\n\r\nCore Central Region Leads the Way\r\n\r\nOne of the standout developments in March was the strong resurgence of Singapore’s prime Core Central Region (CCR). A total of 472 CCR units were sold during the month, with River Modern accounting for 416 of those transactions at a median price of S$3,220 per square foot (psf).\r\n\r\nThe performance established River Modern as one of the most successful non-landed CCR launches in recent years. Other luxury projects also recorded healthy sales activity:\r\n\r\n\r\n\t\r\n\tNewport Residences sold 22 units at a median price of S$3,062 psf\r\n\t\r\n\t\r\n\tW Residences Marina View Singapore moved six units at a median price of S$2,636 psf\r\n\t\r\n\r\n\r\nOverall, 697 CCR homes were sold in the first quarter of 2026, more than triple the 192 units sold during the same period a year earlier. Analysts described this as the strongest first-quarter CCR performance since 2010.\r\n\r\nThe revival of the CCR market is particularly notable because the segment had struggled for years under cooling measures and higher stamp duties affecting foreign buyers.\r\n\r\nLuxury Market Remains Resilient\r\n\r\nSingapore’s luxury housing market also demonstrated resilience in March. A total of 51 new homes priced above S$5 million were sold during the month.\r\n\r\nAmong the most expensive transactions were two units at 32 Gilstead, each measuring more than 4,200 square feet and sold for S$14.5 million to foreign buyers.\r\n\r\nAt Upperhouse along Orchard Boulevard, two 2,056-square-foot units changed hands for S$7.9 million and S$7.8 million respectively, also purchased by overseas buyers.\r\n\r\nDespite these high-profile deals, foreigners continued to represent only a small proportion of overall transactions, with just eight foreign purchases recorded in March.\r\n\r\nExecutive Condominiums Reach New Pricing Benchmarks\r\n\r\nThe EC market also broke new ground as buyers showed willingness to pay record prices for desirable projects.\r\n\r\nA total of 275 EC units were sold for at least S$2 million in March, significantly surpassing the previous record of 150 units achieved in March 2025. In addition, 411 EC units were sold at prices above S$1,900 psf, with nearly all of them coming from Rivelle Tampines.\r\n\r\nThe figures suggest that EC buyers are increasingly accepting higher price points in exchange for newer projects located in mature estates with strong transport links and amenities.\r\n\r\nGap Between New Launches and Resale Homes Widens\r\n\r\nWhile new launch demand remains exceptionally strong, property analysts highlighted a growing price gap between newly launched homes and resale properties across Singapore.\r\n\r\nIn the first quarter of 2026:\r\n\r\n\r\n\t\r\n\tMedian CCR new sale prices reached S$3,174 psf, compared with S$2,223 psf for resale units\r\n\t\r\n\t\r\n\tIn the Rest of Central Region (RCR), new homes averaged S$2,686 psf, versus S$1,951 psf for resales\r\n\t\r\n\t\r\n\tThe largest gap appeared in the Outside Central Region (OCR), where new homes averaged S$2,502 psf while resale homes stood at S$1,554 psf\r\n\t\r\n\r\n\r\nThis widening divergence reflects buyers’ willingness to pay a premium for modern projects with newer facilities, energy-efficient designs, and strong developer branding. At the same time, resale homes are increasingly attracting budget-conscious buyers seeking larger spaces or immediate move-in options.\r\n\r\nIndustry experts believe this “two-tier” market dynamic is likely to persist as more expensive launches enter the market throughout the year.\r\n\r\nOutlook for the Rest of 2026\r\n\r\nProperty analysts remain optimistic about Singapore’s residential market for the months ahead. Several major launches are expected to sustain momentum, including upcoming projects such as Vela Bay in Bayshore and Tengah Garden Residences.\r\n\r\nThese developments are expected to attract strong interest because both locations have seen limited new supply in recent years.\r\n\r\nWith mortgage rates remaining relatively low and developers continuing to release attractive projects, buyer demand is likely to remain healthy in the near term. However, rising prices and growing affordability concerns could gradually push more buyers toward the resale market, particularly in suburban areas.\r\n\r\nStill, March’s strong performance demonstrates that Singapore’s residential property market continues to show remarkable resilience, supported by stable economic fundamentals, limited land supply, and enduring demand for quality housing.\r\n<\/p>\n <\/div>\n

\n
Read More<\/a><\/div>\n
By, Chief Editor <\/span>\"img\"<\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n
\n
\n
<\/div><\/a>\n
\n

A 4 room HDB flat along Bedok South Road was just sold for a record high price of $1.12 million<\/h2><\/a>\n
\n <\/i>April 12, 2026<\/span>\n <\/i>1<\/span>\n <\/i>0<\/span>\n <\/div>\n
\n

A 4 room HDB flat at 154B Bedok South Road was just sold for a record high price of $1.12 million ($1,119 psf). The lease of the 93 sqm flat started in 2022, leaving it with a remaining lease of 94 years. The flat is located on the 16th to 18th storey range. This floor area is equivalent to 1,001-sq ft.\r\n\r\nThe recent transaction surpassed the previous record high for 4 room flats in Bedok. In February 2026, a 4 room at 430A Bedok North Road was sold for $995,000 ($983 psf). That flat measures 1,012 sq ft and is located on the 16th to 18th storeys.\r\n\r\nThese two transactions surpassed last year’s record high of $980,000 ($939 psf), which was set by a flat that is located at 219B Bedok Central. That unit was sold in August 2025. The flat measures 1,044 sq ft. It is located on the 7th to 9th storeys and it has a remaining lease of 83 years.\r\n\r\nA private property transaction was recently recorded nearby, a condominium at Eco along Bedok South Avenue 3 was sold for 1.53 million.\r\n\r\nYou can check all the resale transactions (and more) for 4 room flats in Bedok using our property research tools.\r\n\r\nThe HDB flat should appeal to parents with school-going children, as they are within walking distance of several schools, including Bedok Green Primary School, St Anthony's Canossian Primary School, Fengshan Primary School, Anglican High School, Saint Anthony's Canossian Secondary School (SACSS) and Junyuan Secondary School. Nearby MRT stations include Bayshore, Tanah Merah and Bedok. Grocery shopping can be done in places like FairPrice New Upper Changi Rd, Sheng Siong Supermarket and Giant Supermarket - Bedok Market Place.\r\n<\/p>\n <\/div>\n

\n
Read More<\/a><\/div>\n
By, Chief Editor<\/span>\"img\"<\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n
\n
\n
<\/div><\/a>\n
\n

A 4 room HDB flat along Jurong West Central 3 was just sold for a record high price of $820,000<\/h2><\/a>\n
\n <\/i>April 02, 2026<\/span>\n <\/i>0<\/span>\n <\/i>0<\/span>\n <\/div>\n
\n

A 4 room HDB flat at 698C Jurong West Central 3 was just sold for a record high price of $820,000 ($819 psf). The lease of the 93 sqm flat started in 2017, leaving it with a remaining lease of 90 years. The flat is located on the 13th to 15th storey range. This floor area is equivalent to 1,001-sq ft.\r\n\r\nThe recent HDB transaction surpassed the previous record high for 4 room flats in Jurong West. In March 2025, a 4 room at 698C Jurong West Central 3 was sold for $780,000 ($779 psf). That flat also measures 1,001 sq ft and is located on the 10th to 12th storeys. Both flats started their lease in 2017.\r\n\r\nThese two resale transactions surpassed 2024's record high of $742,000 ($775 psf), which was set by a flat that is located at 138D Yuan Ching Road. That flat was sold in November 2024. The flat measures 958 sq ft. It is located on the 16th to 18th storeys and it has a remaining lease of 89 years.\r\n\r\nA private property transaction was recently recorded nearby, a condominium unit at The Centris along Jurong West Central 3 was sold for $1.805 million. Being a leasehold tenure, it has a remaining lease of 79 years only. It is an integrated development with Jurong Point shopping mall below the residential units. \r\n\r\nYou can check all the resale transactions (and more) for 4 room flats in Jurong West using our property research tools.\r\n\r\nThe HDB flat should appeal to parents with school-going children, as they are within walking distance of several schools, including Corporation Primary School, Westwood Primary School, Shuqun, Yuan Ching Secondary School, Jurong Secondary School and Juying Secondary School. Nearby MRT station and bus interchange is Boon Lay. Grocery shopping can be done at FairPrice supermarket at Jurong Point.\r\n<\/p>\n <\/div>\n

\n
Read More<\/a><\/div>\n
By, Chief Editor<\/span>\"img\"<\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n
\n
\n
<\/div><\/a>\n
\n

Pinery Residences Achieves 92.5% Sell-Out at Launch, Reinforcing Strong Demand for Integrated Living in Tampines<\/h2><\/a>\n
\n <\/i>March 30, 2026<\/span>\n <\/i>0<\/span>\n <\/i>0<\/span>\n <\/div>\n
\n

Singapore’s new launch market continues to demonstrate remarkable resilience, with Pinery Residences emerging as one of the standout performers of the year. The Tampines-based integrated development, jointly developed by Hoi Hup Realty and Sunway MCL, achieved an impressive 92.5% take-up rate over its launch weekend, selling 544 out of 588 units at an average price of S$2,546 psf.\r\n\r\nThis exceptional performance places Pinery Residences among the top-performing launches in 2026, further reinforcing the sustained demand for well-located, mixed-use developments in mature estates.\r\n\r\nPinery Residences offers a compelling lifestyle proposition, combining residential living with retail convenience and seamless connectivity. The development comprises six 14-storey residential blocks built atop a 121,600 sq ft retail mall, with direct connectivity to Downtown Line via Tampines West MRT station.\r\n\r\nSuch integrated developments are increasingly sought-after in Singapore, particularly among buyers who prioritise convenience, accessibility, and long-term value retention. The strong launch performance underscores how buyers are willing to pay a premium for developments that offer a “live-work-play” environment within a single address.\r\n\r\nDevelopers highlighted that Singaporeans and Permanent Residents accounted for nearly all buyers, signalling robust domestic demand despite a higher interest rate environment and cooling measures.\r\n\r\nBroad Buyer Profile: From Investors to HDB Upgraders\r\n\r\nMarket response at Pinery Residences was broad-based across different buyer segments.\r\n\r\n\r\n\t\r\n\tTwo-bedroom units were fully sold out\r\n\t\r\n\t\r\n\tThree-bedroom units were nearly fully taken up\r\n\t\r\n\t\r\n\tFour-bedroom units were also completely sold\r\n\t\r\n\r\n\r\nThis distribution suggests strong participation from:\r\n\r\n\r\n\t\r\n\tYoung couples entering the private property market\r\n\t\r\n\t\r\n\tHDB upgraders seeking lifestyle upgrades\r\n\t\r\n\t\r\n\tInvestors targeting rental demand in a well-connected location\r\n\t\r\n\r\n\r\nSmaller units, particularly two- and three-bedroom configurations, are typically favoured by investors due to their higher rental yield potential and liquidity, while larger units appeal to families seeking long-term occupation.\r\n\r\nTampines: A Proven Residential Powerhouse\r\n\r\nThe strong performance of Pinery Residences is also closely tied to the enduring appeal of Tampines, one of Singapore’s most established regional centres.\r\n\r\nIn 2025, Tampines recorded the highest number of HDB resale transactions, with almost 2,000 resale flats changing hands, highlighting:\r\n\r\n\r\n\t\r\n\tA large pool of potential upgrader demand\r\n\t\r\n\t\r\n\tStrong housing liquidity\r\n\t\r\n\t\r\n\tA vibrant and self-sustaining residential ecosystem\r\n\t\r\n\r\n\r\nThe area’s appeal is further enhanced by:\r\n\r\n\r\n\t\r\n\tMultiple MRT lines and transport connectivity\r\n\t\r\n\t\r\n\tEstablished retail hubs and lifestyle amenities\r\n\t\r\n\t\r\n\tReputable schools and family-friendly infrastructure\r\n\t\r\n\r\n\r\nFor many buyers, Tampines represents a low-risk, high-demand location, making it an attractive choice for both owner-occupiers and investors.\r\n\r\nBenchmarking Against Other Top Launches\r\n\r\nPinery Residences is now the third project this year to surpass a 90% take-up rate, following strong performances by River Modern and Rivelle Tampines.\r\n\r\nIts success also mirrors the earlier launch of Parktown Residence, which achieved an 87% take-up rate at launch, subsequently climbing to around 96% sold.\r\n\r\nThis consistent demand trend across multiple launches signals:\r\n\r\n\r\n\t\r\n\tSustained buyer confidence\r\n\t\r\n\t\r\n\tStrong absorption capacity in the market\r\n\t\r\n\t\r\n\tContinued appetite for new homes despite rising prices\r\n\t\r\n\r\n\r\nMarket Confidence Boosted by Record GLS Land Bid\r\n\r\nAnother key factor supporting buyer sentiment is the recent Government Land Sales (GLS) tender at Dover Drive. The site attracted a record top bid of S$1,556 psf per plot ratio, marking the highest land rate ever recorded for a 99-year leasehold site in the Buona Vista and one-north area.\r\n\r\nSuch aggressive bidding reflects property developers’ confidence that:\r\n\r\n\r\n\t\r\n\tProperty prices are likely to trend upward in the coming years\r\n\t\r\n\t\r\n\tDemand for quality residential projects remains resilient\r\n\t\r\n\r\n\r\nThis optimism appears to have translated into stronger buyer confidence at the launch of Pinery Residences, with purchasers anticipating future capital appreciation.\r\n\r\nWhat This Means for the Singapore Property Market\r\n\r\nAccording to JT Chia, Managing Director at PropertyForSale, the stellar performance of Pinery Residences sends a clear signal about the current state of the property market:\r\n\r\n\r\n\t\r\n\tIntegrated developments remain highly sought after\r\n\tBuyers continue to prioritise convenience, connectivity, and lifestyle integration.\r\n\t\r\n\t\r\n\tMature estates like Tampines offer strong fundamentals\r\n\tEstablished infrastructure and resale activity provide confidence for both investors and homeowners.\r\n\t\r\n\t\r\n\tBuyer demand remains resilient despite cooling measures\r\n\tDomestic buyers, particularly HDB upgraders, continue to drive market momentum.\r\n\t\r\n\t\r\n\tDevelopers’ confidence is translating into buyer action\r\n\tRecord land bids are reinforcing expectations of future price growth.\r\n\t\r\n\r\n\r\nConclusion\r\n\r\nPinery Residences’ near sell-out launch is more than just a successful project—it is a reflection of Singapore’s enduring housing demand and the market’s structural strength.\r\n\r\nAs integrated developments continue to dominate buyer preferences and land prices set new benchmarks, the trajectory for Singapore’s residential market remains firmly supported. For buyers sitting on the sidelines, the message is increasingly clear: quality projects in prime locations are being absorbed quickly—and at rising price points.\r\n\r\nReach out to our property consultant for professional advice on mapping out your property investments. \r\n<\/p>\n <\/div>\n

\n
Read More<\/a><\/div>\n
By, Chief Editor <\/span>\"img\"<\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n
\n
\n
<\/div><\/a>\n
\n

Dover Drive GLS Site Draws Strong Interest with Top Bid at S$1,556 psf ppr, Signalling Robust Demand in one-north<\/h2><\/a>\n
\n <\/i>March 29, 2026<\/span>\n <\/i>0<\/span>\n <\/i>0<\/span>\n <\/div>\n
\n

Singapore’s first Government Land Sale (GLS) site in the new Dover-Medway neighbourhood has attracted robust developer interest, with six bids submitted at the close of the tender on March 26. The top bid of S$951 million — translating to approximately S$1,556 per square foot per plot ratio (psf ppr) — came in at the upper end of market expectations, reflecting strong confidence in the area’s growth potential.\r\n\r\nThe winning bid was submitted by a consortium comprising Forsea Holdings, Qingjian Realty and Jianan Capital. Notably, this same consortium had previously secured two nearby sites in Media Circle in 2024 and 2025, reinforcing their strategic commitment to the one-north precinct.\r\n\r\nCompetitive Bidding Reflects Market Confidence\r\n\r\nThe second-highest bid of S$1,491 psf ppr came from a joint venture between Sunway MCL Land and CSC Land Group, just 4.4% below the top bid. Other notable bidders included:\r\n\r\n\r\n\t\r\n\tFrasers Property and Hoi Hup Realty (S$1,455 psf ppr)\r\n\t\r\n\t\r\n\tA consortium led by CapitaLand Development, alongside Mitsubishi Estate Asia, UOL Group, Singapore Land Group and Kheng Leong Company (S$1,453 psf ppr)\r\n\t\r\n\t\r\n\tSim Lian Land and Sim Lian Development (S$1,366 psf ppr)\r\n\t\r\n\r\n\r\nThe lowest bid of S$1,360 psf ppr was submitted by a consortium including Intrepid Investments, GuocoLand and TID Residential.\r\n\r\nThe relatively narrow 14.4% gap between the highest and lowest bids suggests a broad consensus among developers regarding the site’s value and future potential.\r\n\r\nStrategic Location with Strong Demand Drivers\r\n\r\nThe 99-year leasehold site is zoned for residential use with commercial space on the first storey and can yield approximately 625 private homes. Its prime location is one of its strongest selling points.\r\n\r\nSituated near Dover Road and the future Dover Drive, the site is within walking distance to one-north MRT station and close to reputable schools such as Fairfield Methodist School (Primary) and Fairfield Methodist School (Secondary). Its proximity to the one-north business park — a key innovation and research hub — further enhances its appeal to both owner-occupiers and investors.\r\n\r\nDevelopers are also optimistic about rental demand, given the concentration of technology firms, biomedical companies and research institutions in the vicinity.\r\n\r\nFirst New Launch in Dover in Over 20 Years\r\n\r\nAccording to the consortium, this project will mark the first new residential launch in the Dover area in more than two decades — a factor expected to drive strong pent-up demand.\r\n\r\nThe spokesperson noted that the site offers an opportunity to create a “distinctive development” within a new residential enclave. This aligns with broader plans under the Urban Redevelopment Authority Master Plan, where Dover-Medway is envisioned as a vibrant mixed-use neighbourhood within the Greater one-north hub.\r\n\r\nBenchmarking Against Recent GLS and New Launches\r\n\r\nRecent land sales and project performances in the area provide further context for the strong bidding:\r\n\r\n\r\n\t\r\n\tMedia Circle (Parcel A) GLS site (March 2025): ~S$1,037 psf ppr\r\n\t\r\n\t\r\n\tAdjacent Media Circle site (January 2024): S$1,191 psf ppr\r\n\t\r\n\t\r\n\tBloomsbury Residences (on Media Circle site) achieved over 80% take-up since its April 2025 launch\r\n\t\r\n\t\r\n\tBlossoms by the Park (2021 GLS): S$1,246 psf ppr\r\n\t\r\n\t\r\n\tThe Hill @ One-North (2021 GLS): S$1,210 psf ppr\r\n\t\r\n\r\n\r\nMore recently, Lydenwoods demonstrated exceptional demand, selling 94% of its units at an average price of S$2,450 psf during its launch weekend in July 2025 — further reinforcing buyer appetite in the district.\r\n\r\nDevelopment Potential and Future Outlook\r\n\r\nThe Dover Drive site can be developed into a project with a maximum gross floor area (GFA) of approximately 611,099 sq ft. It will also include:\r\n\r\n\r\n\t\r\n\tAt least 5,920 sq ft allocated for a childcare centre\r\n\t\r\n\t\r\n\tUp to 32,292 sq ft of commercial space\r\n\t\r\n\t\r\n\tA mandatory supermarket component of at least 10,764 sq ft\r\n\t\r\n\r\n\r\nThese integrated amenities are expected to enhance liveability and create a self-sustaining residential enclave.\r\n\r\n\r\nPropertyForSale.com.sg Insights\r\n\r\nThe strong bidding outcome for the Dover Drive GLS site highlights a clear trend — developers are increasingly confident in city-fringe innovation hubs like one-north, where strong rental demand, limited new supply and excellent connectivity converge.\r\n\r\nFor buyers and investors, this signals potential upside in both capital appreciation and rental yields. With the first new launch in Dover in over 20 years on the horizon, this project could become a landmark development in the transformation of the Dover-Medway precinct.\r\n\r\nJT Chia, Managing Director at PropertyForSale, said that based on the actual land bid of S$1,556 psf ppr and current market benchmarks in one-north \/ city-fringe areas, the project launch price would be in the following range.\r\n\r\n\r\n\tEntry units (1–2 bedders): ~$2,600 – $2,700 psf\r\n\tAverage project price: ~$2,700 – $2,850 psf\r\n\tPremium stacks \/ higher floors: ~$2,900 psf or higher\r\n\r\n\r\n"This Dover GLS is better positioned than Media Circle sites. It is walking distance to MRT (one-north)," he added.\r\n\r\nFor more in-depth property insights and transaction data, visit PropertyForSale.com.sg Research & Analysis.\r\n<\/p>\n <\/div>\n

\n
Read More<\/a><\/div>\n
By, Chief Editor <\/span>\"img\"<\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n
\n
\n
<\/div><\/a>\n
\n

Soon Hock Enterprise Secures Kewalram House for S$120.5 Million in Strategic Industrial Acquisition<\/h2><\/a>\n
\n <\/i>March 28, 2026<\/span>\n <\/i>0<\/span>\n <\/i>0<\/span>\n <\/div>\n
\n

A wholly owned subsidiary of Soon Hock Enterprise has successfully acquired Kewalram House via an en bloc tender for S$120.5 million, reinforcing continued confidence in Singapore’s industrial property sector.\r\n\r\nThe Business 1 (B1)-zoned site was transacted at approximately S$440 per square foot per plot ratio (psf ppr), based on a gross plot ratio of 2.5. The development occupies a regular land parcel of about 108,359 sq ft, translating to a maximum permissible gross floor area of around 270,898 sq ft under the Urban Redevelopment Authority Master Plan.\r\n\r\nKewalram House is strategically located across 28, 30, 32, 34, 36 Jalan Kilang Barat and 8 Jalan Kilang Timor, the site sits within a well-established industrial enclave, offering strong connectivity and accessibility for businesses.\r\n\r\nStrategic Expansion Amid Sustained Industrial Demand\r\n\r\nAccording to Walter Tan, Executive Director and CEO of Soon Hock Enterprise, the acquisition represents a strategic move to strengthen and expand the group’s industrial portfolio. He emphasised that the company is well-positioned to capture sustained demand within Singapore’s industrial sector.\r\n\r\nThis aligns with broader market trends, where industrial assets—particularly those supporting logistics, e-commerce, and light manufacturing—continue to demonstrate resilience amid economic uncertainties.\r\n\r\nAttractive Entry Pricing and Asset Enhancement Potential\r\n\r\nThe purchase price of S$120.51 million reflects a competitive entry point for a non-JTC industrial asset of this scale. With a 99-year leasehold tenure commencing from 1 January 1961, the property presents opportunities for redevelopment, asset rejuvenation, or repositioning to meet evolving industrial requirements.\r\n\r\nGiven the limited supply of sizeable industrial land plots in Singapore, such acquisitions are increasingly viewed as long-term strategic plays by developers seeking stable income streams and capital appreciation.\r\n\r\nMarket Implications: Confidence in Industrial Real Estate\r\n\r\nThe successful tender highlights sustained investor confidence in Singapore’s industrial property market. As supply remains controlled and demand continues to be supported by structural drivers such as digitalisation and supply chain transformation, industrial real estate is expected to remain a key asset class for both developers and institutional investors.\r\n\r\nTransactions of this nature also underscore the importance of data-driven decision-making in identifying undervalued opportunities—an approach increasingly adopted by market participants leveraging platforms like PropertyForSale.com.sg to analyse transaction trends and market performance.\r\n\r\nFor more insights and latest property transactions, visit: https:\/\/www.propertyforsale.com.sg\/research-analysis\r\n<\/p>\n <\/div>\n

\n
Read More<\/a><\/div>\n
By, Chief Editor <\/span>\"img\"<\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n"