Top Transactions: Resale and New Sale Highlights

A resale unit at The Sail @ Marina Bay changed hands for S$5.18 million on April 17, marking one of the day's highest-value transactions in Singapore's non-landed residential segment. The 2,002 sq ft unit on the 55th floor transacted at S$2,588 PSF, representing a 12.3% gain over its last purchase price in 2019. The deal underscores continued appetite for premium waterfront addresses in the Core Central Region (CCR), where resale volumes have ticked up steadily since February.

  • Top resale price: S$5.18 million (The Sail @ Marina Bay)
  • Price PSF: S$2,588
  • Gain over last transacted price: +12.3%
  • CCR resale volume (April 1–17): 187 units, up 9.4% from same period in March

In the new sale market, Lentor Hills Residences continued to draw buyers, recording five caveats lodged on the same day. Transacted prices ranged from S$1.38 million for a two-bedroom unit to S$2.21 million for a four-bedroom layout, with PSF figures clustering around S$2,080 to S$2,150. The project has now moved approximately 88% of its total 598 units since launch, reinforcing its position as one of the strongest-performing Outside Central Region (OCR) launches in the past 12 months.

Hottest Search Terms and Listings

Search data from major Singapore property portals revealed several notable trends for the week ending April 17. Emerald of Katong topped the list for the third consecutive week, driven by renewed interest following its latest phase release at an average price of S$2,530 PSF. Buyers appear drawn by the project's proximity to the upcoming Tanjong Katong MRT station on the Thomson-East Coast Line, which is projected to begin operations in 2025. Meanwhile, Tembusu Grand and Pinetree Hill also featured prominently, suggesting that recently completed or near-TOP projects are capturing attention from owner-occupiers seeking units they can move into within months rather than years.

HDB resale searches told a different story. Five-room flats in Tampines and Bukit Batok dominated query volumes, with median asking prices hovering around S$620,000 and S$580,000 respectively. The data aligns with a broader trend of upgraders seeking larger public housing units as a stepping stone, particularly families priced out of the mass-market private segment where entry-level two-bedroom condominiums now routinely exceed S$1.1 million.

Market Context

The day's transaction profile fits a pattern that has defined Singapore's residential market through much of Q2 2026: sustained demand in both the CCR luxury tier and the OCR mass-market segment, while the Rest of Central Region (RCR) sees comparatively lighter activity. URA caveat data for April so far shows 1,042 private residential transactions, placing the month on track to match or exceed March's final tally of 1,580 units. Analysts at Knight Frank noted that the stabilisation of mortgage rates — the three-month compounded SORA has held near 2.85% since mid-March — is providing buyers with greater confidence to commit.

What This Means for Buyers and Investors

For prospective purchasers, the current data points toward a market that rewards selectivity. CCR resale units with strong views and large formats are commanding premium prices and delivering double-digit capital appreciation over five-to-seven-year holding periods. In the OCR, projects near confirmed MRT stations continue to outperform on both sales velocity and price resilience. Investors eyeing rental yield should note that District 1 and District 7 waterfront properties are achieving gross yields of 3.4% to 3.8%, competitive with comparable assets in Hong Kong's mid-levels. With the next Government Land Sales programme expected to moderate new supply through H2 2026, price support in well-located projects is likely to hold firm into the second half of the year.