AI-synthesised
Sin Ming GLS Tops at $1,612 PSF PPR; August New Sales Slump 79%
Published 16 September 2026 · Covers news from 15 Sept to 16 Sept
Eco World Development won the Lorong Puntong/Sin Ming Avenue GLS site with a $208.099 million bid, with analysts tipping future launch prices at $3,000–$3,100 PSF. Separately, August new private home sales fell sharply to 153 units, attributed to a launch lull and the Hungry Ghost Month rather than a structural demand decline.
- Eco World Development, a Bursa-listed Malaysian developer, topped the Lorong Puntong/Sin Ming Avenue GLS tender with a bid of $208.099 million ($1,612 PSF per plot ratio), beating six competing bids for the site near Bishan and Bright Hill MRT [3] [8].
- The Sin Ming site is expected to yield around 140 homes, with Stacked Homes reporting that launch prices could come in at $3,000–$3,100 PSF — positioning it among the pricier new launches in the area [3].
- August new private home sales dropped 79.1% month-on-month to just 153 units, as developers held back launches during the Hungry Ghost festival period; sales were led by remaining units at Dunearn House and Lentor Gardens Residences [4].
- 99.co and Stacked Homes both note that the August sales dip reflects a seasonal launch lull rather than necessarily indicating weakening demand, with a pipeline of new launches expected post-festival [2] [4].
- Amberwood at Holland has launched at $2,921 PSF, with three-bedroom units starting from $2.568 million — described by Stacked Homes as among the priciest new launches in Singapore and one of the more accessible price points for the Holland/Bukit Timah corridor [7].
Sources
- [2]New home sales slow amid launch lull and Hungry Ghost Month - 99.co
Google News — Singapore property · 15/09/2026
- [3]
- [4]Singapore New Home Sales Just Fell 79% To Only 153 Units — But It May Not Mean Demand Is Falling
Stacked Homes · 15/09/2026
- [7]
Note: This insight was AI-synthesised from the sources above. SifuProperty does not predict prices or recommend buy/sell timing. For decisions on a specific property, talk to a CEA-registered agent. Nothing here is financial or investment advice.