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.

This 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.

Pinery 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.

Such 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.

Developers highlighted that Singaporeans and Permanent Residents accounted for nearly all buyers, signalling robust domestic demand despite a higher interest rate environment and cooling measures.

Broad Buyer Profile: From Investors to HDB Upgraders

Market response at Pinery Residences was broad-based across different buyer segments.

• Two-bedroom units were fully sold out

• Three-bedroom units were nearly fully taken up

• Four-bedroom units were also completely sold

This distribution suggests strong participation from:

• Young couples entering the private property market

• HDB upgraders seeking lifestyle upgrades

• Investors targeting rental demand in a well-connected location

Smaller 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.

Tampines: A Proven Residential Powerhouse

The strong performance of Pinery Residences is also closely tied to the enduring appeal of Tampines, one of Singapore’s most established regional centres.

In 2025, Tampines recorded the highest number of HDB resale transactions, with almost 2,000 resale flats changing hands, highlighting:

• A large pool of potential upgrader demand

• Strong housing liquidity

• A vibrant and self-sustaining residential ecosystem

The area’s appeal is further enhanced by:

• Multiple MRT lines and transport connectivity

• Established retail hubs and lifestyle amenities

• Reputable schools and family-friendly infrastructure

For many buyers, Tampines represents a low-risk, high-demand location, making it an attractive choice for both owner-occupiers and investors.

Benchmarking Against Other Top Launches

Pinery Residences is now the third project this year to surpass a 90% take-up rate, following strong performances by River Modern and Rivelle Tampines.

Its success also mirrors the earlier launch of Parktown Residence, which achieved an 87% take-up rate at launch, subsequently climbing to around 96% sold.

This consistent demand trend across multiple launches signals:

• Sustained buyer confidence

• Strong absorption capacity in the market

• Continued appetite for new homes despite rising prices

Market Confidence Boosted by Record GLS Land Bid

Another 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.

Such aggressive bidding reflects property developers’ confidence that:

• Property prices are likely to trend upward in the coming years

• Demand for quality residential projects remains resilient

This optimism appears to have translated into stronger buyer confidence at the launch of Pinery Residences, with purchasers anticipating future capital appreciation.

What This Means for the Singapore Property Market

According 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:

1. Integrated developments remain highly sought after
   Buyers continue to prioritise convenience, connectivity, and lifestyle integration.

2. Mature estates like Tampines offer strong fundamentals
   Established infrastructure and resale activity provide confidence for both investors and homeowners.

3. Buyer demand remains resilient despite cooling measures
   Domestic buyers, particularly HDB upgraders, continue to drive market momentum.

4. Developers’ confidence is translating into buyer action
   Record land bids are reinforcing expectations of future price growth.

Conclusion

Pinery 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.

As 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.

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