Coastal Cabana moves 66% of total 748-unit stock at launch

Nine in 10 sea-facing units were snapped up as buyers leveraged a cash flow relief payment plan.

Coastal Cabana sold more than two-thirds of its units over its launch weekend, reflecting strong demand for executive condominiums in the Outside Central Region.

The developers reported that the 748-unit project sold 498 units, or over 66%, during its launch on 17–18 January at an average price of $1,734 psf under the Normal Payment Scheme.

Qingjian Realty, Forsea Holdings, ZACD Group, and Jianan Capital jointly develop Coastal Cabana. The seafront project is located along Jalan Loyang Besar in Pasir Ris, next to Downtown East and near Pasir Ris Park.

Huttons Asia CEO Mark Yip said the project sold 497 units over the launch weekend. He described Coastal Cabana as the first EC launch in the Jalan Loyang Besar area in about 12 years and said its sea-facing location is a rare feature for an EC, which helped drive demand.

Yip added that pricing was a key factor, noting that average private home prices in the Outside Central Region were close to $2,300 psf in 2025, with some projects reaching $2,700 psf, whilst Coastal Cabana prices start from $1,639 psf.

Yip said about 85% of buyers opted for the Deferred Payment Scheme, which allows loan servicing to begin only upon completion, easing cash-flow pressures for HDB upgraders.

He added that more than 90% of sea-facing units were sold, all 22 five-bedroom units were taken up, and more than 80% of four-bedroom units were sold.

The development comprises 16 residential blocks of 11 and 12 storeys, offering three- to five-bedroom units ranging from 872 to 1,421 sq ft.

Vacant possession is expected by 31 March 2029. The 99-year lease commenced on 16 August 2024, and the project includes 748 carpark lots, including electric vehicle and accessible spaces.

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