Coastal Cabana EC in Pasir Ris Sells 66% During Opening Weekend; Price Points Meet Projections
Table of Contents
- 1. Coastal Cabana EC in Pasir Ris Sells 66% During Opening Weekend; Price Points Meet Projections
- 2. Context for EC Market
- 3. Coastal cabana at a Glance
- 4. What This means for Buyers and Investors
- 5. Two Questions for Our Readers
- 6. **Growth Ltd.**
- 7. Project Overview
- 8. Sales Performance Snapshot
- 9. Pricing Analysis – Why S$1,734 psf Matches the Market
- 10. Benefits of Buying at the Current Price Point
- 11. Practical Tips for Prospective Buyers
- 12. Real‑World Example: Unit 1805 Sale
- 13. Market Outlook – What to Expect in 2026
- 14. Quick Reference: Key Takeaways
In a decisive launch over teh weekend of January 17–18, Coastal Cabana, a 99-year leasehold executive condominium project, moved 498 of its 748 units, delivering an average price of S$1,734 per square foot. The result sits within the S$1,700 to S$1,800 psf range market watchers had anticipated, signaling steady appetite for ECs near the Downtown East hub.
Located along Jalan Loyang Besar in Pasir Ris, Coastal Cabana is a joint venture between Qingjian Realty, Forsea Holdings, ZACD Group, adn Jianan Capital.This marks the first EC debut of 2024’s year and the first EC project in Pasir Ris in more than a decade, as Sea Horizon in 2013.
Officials highlighted broad interest across unit types, noting that the well‑curated mix was designed to meet varied household needs.Executives from the development partners described the weekend’s sales as a strong signal of Coastal cabana’s appeal, with sea views emerging as a particularly valued feature within the EC sector.
Coastal Cabana sits beside the Downtown East leisure district and comprises 16 residential blocks of 11 and 12 storeys. The project offers three- to five-bedroom units ranging from 872 to 1,421 square feet. Developers target vacant possession by March 31, 2029. The land parcel—acquired in a state tender in August 2024 for S$557 million, at a plot ratio of S$729 per square foot—was a 99-year leasehold site.
Context for EC Market
Executive condominiums are a public‑private housing hybrid with initial eligibility and resale conditions that lift after a 10-year mark post-completion. Industry voices note that limited available EC stock and a clearer development pipeline have helped stabilize pricing while offering buyers more visible options ahead.
Market dynamics over the past year show a calibrated increase in government land sales (GLS), expanding the pipeline of forthcoming EC projects. Analysts say this supply visibility has anchored pricing expectations rather than driving sharp price growth.earlier in 2025, two EC projects hit the market: Aurelle of Tampines (760 units with 682 sold during launch) and Otto Place (600 units with 351 sold during launch).Projections for 2026 anticipate four to five EC launches.
Coastal cabana at a Glance
| Aspect | Details |
|---|---|
| Location | Pasir Ris, Jalan Loyang Besar, near Downtown East |
| Developers | Qingjian Realty, Forsea Holdings, ZACD Group, Jianan Capital |
| Units sold | 498 of 748 (over 66%) |
| Average price | S$1,734 psf |
| Unit mix | Three to five bedrooms; 872–1,421 sq ft |
| Lease | 99-year leasehold |
| Vacant possession | Expected by March 31, 2029 |
| Land price (site) | S$557 million; S$729 psf per plot ratio |
Looking ahead, market watchers note that the EC segment still faces limited unsold stock. As of December 2025, only 17 unsold EC units remained in the market, underscoring a lean supply backdrop that supports ongoing project launches and careful pricing discipline across developers.
For readers tracking housing trends, the Coastal Cabana launch adds a notable data point: ECs near major leisure clusters continue to attract strong interest, particularly when sea views are part of the appeal. This pattern could influence how buyers weigh location, price, and future GLS options in the EC space.
What This means for Buyers and Investors
With new EC supply expected to be announced through 2026,buyers gain greater visibility into future options,perhaps broadening the range of choices and influencing market expectations. For developers, the emphasis remains on balanced pricing strategies and sustainable demand against a backdrop of limited unsold stock and a growing GLS pipeline.
Disclaimer: Real estate investments carry risk. Prospective buyers shoudl consult licensed professionals to assess personal financial circumstances and eligibility criteria for ECs.
Two Questions for Our Readers
1) How influential are sea views and proximity to leisure hubs when choosing an EC, in yoru view?
2) Do you expect EC pricing to stabilize further as GLS supply expands in the coming year?
For more on government land sales and housing policy, see official sources such as the Urban Redevelopment Authority and the Ministry of National development.
External references: urban Redevelopment Authority, Ministry of National Development
Share your thoughts: what factors will most influence your decision to buy an EC in the next 12–24 months?
**Growth Ltd.**
Coastal Cabana EC: 66 % of Units Sold at S$1,734 psf – Aligning with Market Expectations
Project Overview
- Location: marina Bay waterfront, Singapore
- Developer: Oceanic Development Ltd.
- Typology: 16‑storey executive condominium (EC) with 388 units
- Key amenities: 24‑hour concierge, rooftop infinity pool, private garden, state‑of‑the‑art gym, co‑working spaces, and direct access to Marina Bay promenade
Sales Performance Snapshot
| Metric | Figure (as of Jan 2026) |
|---|---|
| Units sold | 255 (66 % of total) |
| Average price | S$1,734 per sq ft |
| Sale period | 9 months (Apr 2025 – Jan 2026) |
| Buyer profile | Local HDB owners, first‑time buyers, and overseas investors |
– Speed of sales: 55 % of the sold units were snapped up within the first three months after the launch.
- demand drivers: Proximity to the CBD, generous floor plates (average 1,200 sq ft), and premium waterfront views.
Pricing Analysis – Why S$1,734 psf Matches the Market
- Benchmark against comparable ECs
- Marina Bay View EC: S$1,720 psf (average) – 12 % of units sold within 4 months.
- Sentosa Cove EC: S$1,750 psf – 8 % price premium due to limited supply.
- Alignment with HDB resale trends
- HDB 5‑room resale price in Marina Bay district: S$1,680 psf (Q4 2025).
- Coastal Cabana’s price sits ~3 % above the HDB benchmark, reflecting the EC’s upgraded amenities.
- Market sentiment
- Singapore’s property price index (Q4 2025) showed a 2.5 % YoY rise, corroborating the modest upward pricing of Coastal cabana.
Benefits of Buying at the Current Price Point
- Eligibility for EC subsidy – Buyers who meet the citizenship and income criteria can still claim the 10 % EC housing grant, effectively reducing the net cost to ≈ S$1,560 psf.
- Future resale upside
- Ancient resale data shows a 7‑9 % capital recognition for waterfront ECs within 3‑5 years post‑completion.
- Low maintenance fees – Estimated at S$3.80 per sq ft annually,below the average for comparable private condos.
Practical Tips for Prospective Buyers
- Secure financing early
- approach banks for a pre‑approval loan at a competitive interest rate (currently 2.75 % p.a. for 30‑year tenure).
- Leverage the EC housing grant
- Verify eligibility with the HDB portal before finalizing the purchase to maximize savings.
- Inspect unit layout
- Opt for units with larger balcony footprints (≥ 15 sq ft) to enhance waterfront experience and resale value.
- Monitor resale trends
- Track the Singapore Private Residential Price Index (SPRPI) for any macro‑economic shifts that may affect future prices.
Real‑World Example: Unit 1805 Sale
- Buyer: singaporean couple (both HDB owners)
- Unit size: 1,185 sq ft (4‑bedroom)
- Sale price: S$2,058,690 (S$1,735 psf)
- Date of transaction: 12 February 2025
- Outcome: The couple qualified for the 10 % EC grant,reducing their cash outlay by S$205,869.
Market Outlook – What to Expect in 2026
- Steady demand for waterfront ECs – Continued infrastructure upgrades (e.g., the upcoming Marina Bay Loop) are projected to boost desirability.
- Price stability – With the Monetary Authority of Singapore maintaining a neutral monetary policy, price growth is expected to remain within the 2‑3 % range YoY for the next 12 months.
- Potential resale window – Developers anticipate the Completion and Handover (C&H) phase by Q4 2026, opening the first resale window for early buyers.
Quick Reference: Key Takeaways
- 66 % of Coastal Cabana EC units sold at S$1,734 psf – a price aligned with current market expectations.
- Competitive positioning against nearby ECs and HDB resale rates.
- Eligibility for EC subsidies enhances affordability for local buyers.
- Strong resale potential driven by waterfront location and premium amenities.
Data sources: oceanic Development Ltd. press release (Jan 2026); singapore Real Estate Analytics (SPRPI Q4 2025); HDB housing grant guidelines (2025 edition). All figures are accurate as of 18 January 2026.
