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.

Tengah 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.

Developed 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.

Strong Demand Across Buyer Segments

According 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.

The 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.

Tengah’s Growth Story Continues to Gain Momentum

Property 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.

Demand 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.

Positioned 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.

The 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.

Tengah 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.

The project is expected to obtain its Temporary Occupation Permit (TOP) in 2029.

Pricing Analysis for Tengah Garden Residences

The 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).

Property developers needed to sell at around S$1,800–S$1,950 psf on average to make a reasonable profit.

At S$2,120 psf average, the project is likely profitable with healthy margins, especially given strong early sales (low holding cost risk).

Another Strong Launch in 2026’s Property Market

Tengah 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.

Earlier 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.

The 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.