Most Popular Private Project in March 2026: RIVER MODERN Dominates With 372 Deals by mid March

A Market Within a Market

Singapore's private property market registered only 710 transactions in March 2026 — a 75.4% year-on-year decline from the 2,889 deals recorded in March 2025 . Yet River Modern alone contributed 372 of those 710 deals, representing a remarkable 52.4% share of all private transactions for the month.

To put that in perspective: the second most transacted project, a landed housing development in District 28, recorded just 16 deals. River Modern outsold the rest of the top 10 projects combined.

This single launch was powerful enough to completely flip District 9's fortunes. While every other district posted steep year-on-year volume declines — many falling 75% to 97% — D9 surged +302% year-on-year, entirely on the back of River Modern's launch momentum.

The Numbers Behind the Deal

River Modern's March 2026 performance in detail:

The project's peak PSF of S$3,678.78 places it firmly in the luxury tier, not far behind the month's overall PSF record of S$3,806.60 set by Upperhouse at Orchard Boulevard — a project in the same prestigious D9/D10 corridor.

Why River Modern? Understanding the Buyer Appeal

Prime District, Prime Address. District 9 — covering River Valley, Orchard, and Somerset — is one of Singapore's most coveted residential addresses. River Modern's location along River Valley Green puts residents within close proximity to Robertson Quay, the Singapore River, and the Orchard Road belt, making it highly attractive to both owner-occupiers and investors seeking long-term capital appreciation.

New Sale Momentum. Of the 710 total private transactions in March 2026, 453 were new sales versus 251 resales — a 64/35 split that underscores strong demand for freshly launched projects. River Modern, as a new launch, benefitted directly from this preference, channelling pent-up buyer demand that had been building amid a period of limited new supply in the CCR.

CCR Resurgence. The Core Central Region dominated March 2026 with 59% of all transactions (417 deals) at an average PSF of S$3,161.54 — significantly outpacing the Rest of Central Region (RCR) at S$2,295.25 psf and the Outside Central Region (OCR) at S$1,726.80 psf. River Modern sat squarely in this high-demand, high-value zone.

Price Point With Range. With average prices around S$3.05 million and a peak transaction at S$6.72 million, River Modern offers a range that captures both the affluent upgrader market and the ultra-high-net-worth buyer looking for a prestige CCR address. The project's average unit size and configuration appear designed to maximise buyer accessibility across different budget bands within the luxury segment.

D9 Transformed: District Analysis

River Modern's impact on District 9 cannot be overstated. In March 2026, D9 recorded 386 total transactions — 372 of which were River Modern units — at an average PSF of S$3,216.90 and a maximum transaction value of S$6,722,000. This +302% year-on-year volume surge is the sharpest positive movement of any district in Singapore this month, and it stands in stark contrast to widespread declines elsewhere:

• D10 (Bukit Timah/Holland): -95% YoY
• D18 (Pasir Ris/Tampines): -97% YoY
• D23 (Bukit Panjang/Choa Chu Kang): -92% YoY

While these declines reflect a market in consolidation — with many buyers waiting on the sidelines following cooling measures and macro uncertainty — D9's trajectory tells a completely different story: when the right project launches in the right location, demand does not disappear. It concentrates.

How River Modern Compares to Its CCR Peers

Among the top projects in March 2026, River Modern's psf positioning is competitive even by luxury standards:

River Modern achieves the highest average PSF among the top-volume projects, while recording transaction volumes that dwarf every competitor. This combination — premium pricing with mass-market sales velocity — is extraordinarily rare in Singapore's private property landscape.

What This Means for the Broader Market

River Modern's blockbuster March tells us several important things about where Singapore's property market stands heading into Q2 2026.

First, buyer demand is selective, not absent. The sharp 75.4% overall volume decline year-on-year is less a sign of market collapse and more a reflection of limited new supply meeting concentrated, quality-driven demand. When a compelling project enters the market at the right price and location, buyers act decisively.

Second, the CCR is back in focus. For much of 2024 and 2025, the narrative centred on OCR and RCR mass-market demand. River Modern's success suggests a meaningful rotation back toward core luxury assets, possibly driven by high-net-worth locals, returning expatriates, and international buyers who see Singapore's political stability and currency strength as long-term value anchors.

Third, average PSF will continue to rise. With River Modern's S$3,235 psf average pulling the overall March figure to S$2,671.94 psf — a 41.2% increase year-on-year — headline price indices are being shaped significantly by CCR new launches. Buyers watching the market need to understand that this average masks enormous dispersion between districts and project types.

Key Takeaways

• River Modern recorded 372 transactions in March 2026 — 52.4% of all private property deals islandwide.
• Located at River Valley Green, District 9 (CCR), it achieved an average PSF of S$3,235.05 and an average price of S$3,053,841.
• The project single-handedly pushed D9 to a +302% year-on-year volume surge, the only district to post a positive YoY figure in March 2026.
• Its peak transaction reached S$6,722,000, with a peak PSF of S$3,678.78.
• River Modern's dominance reflects concentrated, quality-driven demand in a market with limited new CCR supply — and signals a potential CCR resurgence heading into Q2 2026.