Marina Gardens sole bid, Sept sales up, Thomson Reserve (SG Property Daily)
Propwise Analysis
New Launch Sales, September 2026: What Sold and How Fast
Developers sold 296 new private homes in September 2026, nearly double August, but launches were thin. Which projects sold, and what drove the pace.
Non-Landed Resale Transactions: Week of 9 – 15 October 2026
355 condo, apartment and EC resales that URA added in the week of 9 – 15 October 2026, with prices, sizes and tenures.
News
Marina Gardens Lane site draws one bid, EL Development at S$1,243 psf ppr
URA closed the tender for the Marina Gardens Lane site on 15 October. The Business Times reports a sole bid of S$450.1 million, or S$1,243 psf ppr, from EL Development for the 390-unit site, below the S$1,350 to S$1,500 psf ppr that market watchers expected. URA says the award decision comes later.
New private home sales nearly double MoM in September to 296 units, BT reports
The Business Times reports developers sold 296 new private homes (excluding ECs) in September, against 153 in August (MoM) and 255 a year earlier (up 16.1% YoY), citing URA data. Mogul.sg’s Nicholas Mak says Q3 sales of 1,180 units were down 44.9% from Q2 (QoQ).
Thomson Reserve to launch from S$2,608 psf; 1,268 units, launch on 31 October
The Business Times reports UOL and CapitaLand Development will open a public preview of Thomson Reserve on 17 October, ahead of the official launch on 31 October. The 1,268-unit Upper Thomson project has two-bedroom units from S$1.5 million, or about S$2,608 psf.
Canberra Drive EC site awarded to three-firm group at S$163.9 million
HDB says the Canberra Drive executive condominium site, launched on 26 May 2026, went to SNC3 Realty, HS Invesco and Kay Lim Realty at a tender price of S$163,903,000 on 15 October. The site is for an estimated 185 units on a 99-year lease.
IOI Properties in exclusive talks to buy Chijmes and Capitol Kempinski hotel
The Straits Times reports IOI Properties Group CEO Lee Yeow Seng says the firm is in exclusive talks and due diligence to buy Chijmes and the Capitol Kempinski hotel. He did not give a price. The Business Times puts the combined value at around S$976 million, from a marketed hotel price of about S$600 million and a Chijmes valuation of S$379 million.
Boon Keng 5-room DBSS flat sells for record S$1.64 million, Stacked Homes says
Stacked Homes reports a 1,259 sq ft flat at City View @ Boon Keng sold for S$1,640,000, or S$1,302 psf, in October 2026. It says this is a new five-room record for Kallang/Whampoa, S$51,112 above the previous high.