Singapore Property Market Summary (31 Oct–6 Nov 2026)

Here is our summary of Singapore property market news for 31 October to 6 November 2026.

Quick summary

• Thomson Reserve sold over 90% of its 1,268 units on its launch day, according to ERA.
• HDB launched 7,964 BTO flats on 4 November in six towns. Applications close on 11 November.
• A Tampines executive flat sold for S$1.275 million, the town’s second-highest HDB resale price.

HDB: Resale & New Supply

An executive flat at Tampines Palmspring sold for S$1.275 million, AsiaOne reported on 4 November. The 1,528 sq ft, three-bedroom flat works out to about S$834 psf. It is the second-highest HDB resale price in Tampines across all flat types.

On 4 November, HDB launched 7,964 BTO flats in seven projects across Bedok, Geylang, Sembawang, Tengah, Toa Payoh and Yishun. Applications are open until 11 November. It is the first BTO exercise since the income ceiling was raised to S$16,000 for families and S$8,000 for singles.

Waiting times in this exercise are under four years, and under three years for 1,310 flats at Sembawang Anchor. Three projects are Plus and one is Prime. These flats come with a 10-year Minimum Occupation Period and subsidy recovery when sold.

Condos

Thomson Reserve, at Bright Hill Drive in Upper Thomson, had its official launch on 31 October. The 99-year leasehold project has 1,268 units and is developed by UOL Group, Singapore Land Group and CapitaLand Development. ERA said the project sold over 90% of its units on launch day.

Advertised launch prices started from S$1.544 million for a two-bedroom unit, S$2.503 million for a three-bedroom unit and S$3.388 million for a four-bedroom unit, according to the developers’ October release.

ERA said the launch “could also have a positive spillover effect on the surrounding resale market”, as buyers drawn to the Bishan–Thomson area “may also turn to existing condominiums nearby”. ERA added that resale performance “will continue to depend on individual project attributes, unit characteristics and prevailing market conditions”.

Policy & Future Supply

On 4 November, URA awarded the residential site at Orchard Boulevard to the highest tenderer, Intrepid Investments Pte. Ltd. and TID Residential Pte. Ltd., for S$181,861,924. The tender closed on 29 October.

More HDB supply is planned. About 4,300 BTO flats in Bishan, Tampines, Tengah and Toa Payoh will be offered in February 2027, together with a Sale of Balance Flats exercise of about 5,000 flats.

Sources

• Commentary on the launch of Thomson Reserve (ERA)
• UOL Group and CapitaLand Development to unveil 1,268-unit Thomson Reserve overlooking Singapore’s largest nature reserve (CapitaLand)
• HDB Launches 7,964 Flats Across Seven Projects in November 2026 BTO Sales Exercise (HDB)
• HDB launches 7,964 BTO flats across 6 towns in first exercise under higher income ceilings (AsiaOne)
• Tampines executive flat sells for record $1.275m, becoming the town’s second priciest HDB resale (AsiaOne)
• Tender award for URA sale site at Orchard Boulevard (URA)