Mar 22, 2026

Summary of Singapore Property Market Update (March 21, 2026):

• A high-value, refurbished 999-year leasehold shophouse on Circular Road was offered at $28 million.
• Strong overseas interest in multifamily assets is evident, with Dash Living acquiring US$400 million worth in Tokyo.
• A one-bedroom duplex at The Clift in Downtown Core sold at a substantial loss (~$815K), signaling caution in some prime core condos.
• Investor Roman Scott is shifting from Singapore shophouses to condotels in Sri Lanka and Vietnam.
• A five-room HDB flat in Sengkang’s Compassvale Drive sold at a record $1.129 million, demonstrating strong demand in mature estates.
• Woh Hup won the contract for Las Vegas Sands’ new Marina Bay project, indicating ongoing large-scale developments nearby.
• Singapore home sales have recently declined amid geopolitical tensions, impacting developer share prices.
• Elias Green, a large 99-year leasehold condo in Pasir Ris, is on collective sale with a guide price of $883 million.
• River Modern condo recorded the highest number of new launch transactions recently.
• Growing interest is seen in HDB flats with unique features, such as high ceilings, with prices starting around $830K.

Recommended Opportunities:

1. Large HDB Flats in Mature Estates like Sengkang (Compassvale Drive):

   The record sale price shows strong buyer interest and good potential for capital appreciation. Focus on spacious units with long leases.

2. New Launch Condos with Strong Sales (e.g., River Modern):

   High transaction volumes at recent launches suggest good demand, offering opportunities for both price gains and rental income.

3. Collective Sale Redevelopment Plays (e.g., Elias Green in Pasir Ris):

   Watch for collective sale sites in mature estates, as redevelopment can yield significant returns.

4. Prime Long-Lease Shophouses and Heritage Properties:

   Despite some investor pullback, prime refurbished shophouses with long leases remain solid for capital preservation and future repositioning.

5. Areas Near Major Developments like Marina Bay:

   With the new Las Vegas Sands project underway, properties nearby may see value uplift from improved infrastructure and increased activity.

6. Exercise Caution in Prime Core Condos:

   Notable losses at The Clift indicate potential volatility; thorough due diligence is essential before investing in these segments.

Summary:

Prioritize well-located large HDB flats in mature estates, new launch condos with strong demand, and collective sale opportunities for redevelopment upside. Monitor major projects such as Marina Bay for longer-term growth. Approach prime core condos carefully due to recent price corrections.

Stay Well!