January home sales see strong rebound from December but sharp YoY drop

Newport and Narra Residences seize 54% of the market as buyers ignore RCR.

Developers are preparing for a stronger sales pipeline in the coming months, with River Modern in River Valley Green (CCR), Pinery Residences, and several OCR and RCR projects expected to launch between February and March 2026.

“With the Lunar New Year in February and no major launches, new private home sales may be muted. Activity is expected to pick up from March with projects such as River Modern in the CCR.”, said Wong Siew Ying, head of Research and Content at PropNex.

January 2026 marked a rebound in new home sales following the year-end slowdown. 

A total of 466 private residential units (excluding ECs) were sold, a 136.5% increase from December 2025 but 57% lower than January 2025. There were also 786 units launched during the month, including Narra Residences in the Outside Central Region (OCR) and Newport Residences in the Core Central Region (CCR).

Narra Residences recorded a median price of $2,148 per square foot (psf), whilst Newport Residences reached $3,070 psf. Together, these two projects accounted for 54.5% of January’s sales, according to Mark Yip, CEO of Huttons Asia.

By region, OCR transactions accounted for 39.3%, CCR 34.8%, and the Rest of Central Region (RCR) 26%.

When it comes to buyer demographics, Singaporeans made up 87.3% of buyers, permanent residents 10.8%, and foreign buyers 1.9%. At Newport Residences, 82.6% of buyers were Singaporean and 3% were foreign.

In the executive condominium (EC) segment, Coastal Cabana sold 504 units at a median price of $1,790 psf, contributing to a total of 524 EC units sold in January.

PropNex data also showed that 67% of new non-landed private homes sold were priced below $2.5m, highlighting continued demand in the mass-market segment. Foreign buyers accounted for 2% of transactions.

Wong added that January’s rebound in sales was driven by the launches of Newport Residences and Narra Residences, reflecting renewed homebuying interest after the year-end slowdown.