KUALA LUMPUR, April 22 (Bernama) -- Bursa Malaysia snapped a four-day winning streak to close marginally lower today, as profit-taking followed mixed performances across regional markets. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 4.94 points, or 0.29 per cent, to 1,710.39 from Tuesday’s close of 1,715.33. The benchmark index opened 2.67 points higher at 1,718.00, and moved between 1,705.11 and 1,720.46 during the day. In the broader market, losers led gainers 584 to 565, while 596 counters were unchanged, 1,014 untraded and 35 suspended. Turnover declined to 3.19 billion units valued at RM2.69 billion from 3.45 billion units valued at RM3.18 billion on Tuesday.
Singapore’s property market continues to be driven by strong residential investment demand, with the sector maintaining its dominance despite a slight quarterly dip.
Residential Sector Remains Market Leader
The residential segment recorded S$4.42 billion in investment sales in Q1 2026, accounting for a significant 38.5% of total investment activity.
Although this represents a marginal 0.3% decline quarter-on-quarter, the sector remains the largest contributor to Singapore’s investment market, highlighting sustained developer and investor confidence.
Government Land Sales Drive Activity
A key driver of investment volume was Government Land Sales (GLS) and public sector awards.
- Five sites awarded (4 private residential + 1 EC)
- Total value: S$3.23 billion
Notable transactions include:
- Dover Drive – S$951 million
- Tanjong Rhu Road – S$709.3 million
- Lentor Central – S$657.1 million
The Lentor Central site set a new benchmark land rate of S$1,278 psf ppr, reflecting strong developer confidence in the area.
Developers Target High-Demand Locations
Developers are increasingly selective, focusing on sites with strong demand drivers, such as:
- Proximity to top primary schools
- Areas with limited new supply
- Locations with proven launch performance
This indicates a disciplined land acquisition strategy, supporting long-term price stability.
Luxury Segment Supported by Private Wealth
The luxury residential segment remains active, with:
- 72 transactions totaling S$1.1 billion
- High-profile deals including:
- A freehold bungalow at Dunearn Road sold for S$55 million
- A unit at The Marq on Paterson Hill transacted at S$37 million
Demand is largely driven by high-net-worth individuals and family offices, seeking capital preservation and premium assets.
Mixed-Use Developments Gain Momentum
Residential demand is also being integrated into mixed-use projects, enhancing investment appeal:
- Hougang Central GLS site awarded for S$1.5 billion
- The Centrepoint collective sale (including residential units) for S$391.9 million
These developments highlight the growing importance of integrated urban projects.
Outlook: Continued Strength in 2026
The outlook remains positive, with developers expected to:
- Continue land bank replenishment
- Capitalise on strong new home sales momentum
- Benefit from private capital inflows and easing interest rates
Investor Takeaways
- Residential sector dominates Singapore investment market, contributing 38.5% of total sales.
- GLS activity remains a key driver, reflecting strong developer demand for land.
- Luxury segment is supported by wealthy investors, focusing on capital preservation.
- Mixed-use developments are gaining traction, enhancing project value.
- Outlook remains positive as developers continue to replenish land banks amid strong demand.
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