SRI - Singapore Realtors Inc.

28 Nov 2025

Positive EC Market Momentum Builds Confidence Ahead of Coastal Cabana Launch

The Executive Condominium market continued to show firm momentum in the first 10 months of 2025, reinforcing its reputation as one of the most resilient and value driven residential segments in Singapore. SRI Research’s analysis of 67 EC developments recorded 1,625 resale transactions during this period, and more than 97 percent of caveated resales achieved positive gains. This high success rate reflects the EC model’s strength as a pathway for long term capital appreciation, particularly for HDB upgraders seeking private housing at a more accessible entry point.

Both recently completed and older ECs contributed to profitable outcomes, although newer projects made up the larger share of gains. Around 69.1 percent of profitable transactions came from ECs completed within the last 10 years, signalling sustained demand for developments with modern facilities and longer remaining leases.

Buyer profiles also highlight the EC market’s broadening reach. Private address buyers made up 53.4 percent of profitable resale transactions, showing increased participation from owners already in the private segment who seek larger formats at comparatively attractive price points. At the same time, 46.6 percent of transactions involved HDB address buyers, indicating that ECs remain a key stepping stone for upgraders entering the private housing market.

Land bid patterns further reinforce the affordability edge. EC land bids averaged $748 psf ppr in the first ten months of 2025, while OCR private residential land bids averaged $1,114 psf ppr, creating a 49 percent gap. Despite gradually rising EC land prices, the cost structure remains favourable enough for developers to price EC launches below the broader mass market.

Looking ahead, the upcoming Coastal Cabana EC in Pasir Ris is set to attract considerable interest. With 748 units, lifestyle focused design, strong connectivity through Pasir Ris MRT interchange on the Cross Island Line, and proximity to schools and recreation, the development offers a rare coastal living experience within the EC segment. Supply in the East remains limited, further supporting its outlook.

Click

here

for the full report

Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: mohan@sri.com.sg

27 Nov 2025

Allgreen Tops Bedok Rise GLS with Competitive Land Bid

The Bedok Rise Government Land Sales tender drew strong interest from developers, marking one of the most competitive suburban land tenders in recent years. A total of 10 bidders participated, exceeding the 8 bidders seen at the nearby Bayshore Road site and matching the strongest participation levels last recorded at Slim Barracks Rise in 2021 . This reflects the continued appeal of residential plots in the Outside Central Region, a segment that remains the anchor of new home sales across the island.

Bellis Residential Pte Ltd, linked to Allgreen Properties, submitted the top bid at $464.8 million dollars, translating to $1,330 dollars psf ppr. The gap with the second placed bid by Hoi Hup Realty was very narrow at just 0.4 percent, highlighting the close competition among developers. The spread from the highest to the lowest bid reached 18.6 percent, showing a wide range of price expectations for this site .

Following the recent launch of Promenade Peak in the Rest of Central Region, Allgreen appears to be extending its footprint into the suburban market through this acquisition. The Bedok Rise site provides an opportunity to tap into resilient upgrader demand in a location with an established track record of strong sales. The success of Seneca Residence next door reinforces that confidence. Seneca, launched on the earlier Tanah Merah Kechil Link GLS site, achieved a full sellout and had originally attracted 15 bidders for its land tender, a sign of strong interest in this precinct .

The Bedok Rise plot is expected to yield around 380 units and is well supported by transport and amenity offerings. Its location beside Tanah Merah MRT station offers immediate connectivity to the East West Line. Nearby expressways such as the PIE and ECP enhance accessibility to the rest of Singapore. Schools in the area, including Bedok Green Primary School and Bedok View Secondary School, add to its attractiveness for families. Residents will also enjoy proximity to markets, sports facilities, and neighbourhood parks .

Click

here

for the full report

Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: mohan@sri.com.sg

17 Nov 2025

New Projects Lift Developer Sales to 2,424 Units in October 2025

October 2025 marked one of the strongest months for Singapore’s private new home market, with developers transacting 2,424 units excluding Executive Condominiums. This represented a sharp rebound from the slower September showing of 255 units and exceeded the previous monthly peak of 2,142 units in August.

October’s performance also stood out as the highest monthly developer sales recorded since November 2024 which saw 2,560 units sold. The significant swing in momentum reflected the market’s ability to adapt quickly following the quieter Hungry Ghost Festival period as buyers returned in force to capitalise on the wave of anticipated launches.

The month was defined by four major project debuts which collectively reshaped overall sales. Skye At Holland, Zyon Grand, Penrith, and Faber Residence released a combined total of 2,233 units and accounted for 84.6 percent of all private new home transactions in October.

Their strong take up underscored the market’s continued appetite for well-located and thoughtfully curated developments that blend convenience, product appeal, and lifestyle value.

Overall, October demonstrated how fresh supply continues to be the strongest driver of new home sales. When developers introduce well positioned projects with compelling concepts, the market’s response remains swift and decisive. The results for the month highlight both healthy underlying demand and the stabilising confidence of buyers who remain ready to commit when presented with tangible value and strong locational attributes.

Click

here

for the full report

Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: mohan@sri.com.sg