Coastal Cabana Has Sold 384 Units At A Median Of S$1,793 psf — But 233 Of Them Came In The First Month

A project that has sold just over half its units inside eight months looks, on the headline, like a steady seller. The month-by-month record tells a more uneven story: the bulk of the sales landed at launch, and the months since have been counted in the teens and twenties rather than the hundreds.

According to URA Data Service caveat records, Coastal Cabana (District 17, 99-year leasehold) has recorded 384 developer sales since January 2026, 43 of them in the three months to August 2026, at an overall median of S$1,793 psf. That is 51.3% of its 748 units. The busiest month was January 2026 with 233 caveats, and the median psf moved +2.8% from the first month (S$1,780 psf) to August 2026 (S$1,830 psf).

January 2026 accounted for more sales than every other month combined

The shape of the monthly chart below is the first thing that stood out to us. January 2026 recorded 233 caveats. February dropped to 7, March lifted back to 58, and from April onwards the counts have sat between 12 and 25. August 2026, the latest month in this pack, recorded 12.

That pattern is common enough in launch data, where a large share of bookings clears in the opening weekend and the caveat record catches them in a single month. What the chart cannot separate is how much of the March figure reflects a second release of stock versus a steadier trickle of individual sales, because the caveats are only dated, not labelled by release. Read it as a record of when transactions were lodged, not as a measure of demand in any given week.

One more thing worth holding onto: with 43 caveats across the three months to August 2026, recent months are thin enough that a handful of transactions moves the monthly medians we look at in the next section.

The median psf has edged up since launch, but not in a straight line

Alongside the counts, the table below tracks the median psf for each month. It starts at S$1,780 psf in January 2026 and reads S$1,830 psf in August 2026, a move of +2.8% over the eight months of selling. The path in between is not uniform: April 2026 came in at S$1,816 psf and May 2026 at S$1,811 psf, so at least one month printed below the one before it.

The cumulative column is the other useful read. It shows 240 units by February 2026, 298 by March, 341 by May, and 384 by August. The 51.3% sold share is measured against the project's 748 units, and it is based on caveats lodged, which can lag a booking by several weeks.

A monthly median is also a mix figure. If a month's dozen or so sales skew towards smaller units or lower floors, the median moves with them regardless of what any individual unit was priced at. That is the main caution to carry into the size-band table.

The most-sold size band is also the one with the lowest median psf of the two main bands

Splitting the 384 caveats by size, units of 90 to 119 sqm were the most sold band, with 202 caveats at a median of S$1,863,500 (S$1,786 psf) on a median area of 1,012 sqft. The 70 to 89 sqm band recorded 164 caveats at a median of S$1,646,000, but a higher median of S$1,808 psf on a median area of 915 sqft.

That inversion — smaller units carrying the higher per-square-foot median while larger units carry the higher absolute price — is a familiar shape in launch pricing, and it continues into the largest band. Units of 120 sqm and above recorded 18 caveats at a median area of 1,421 sqft, a median price of S$2,511,500 and a median of S$1,769 psf, the lowest of the three.

The 18 caveats in that top band are a small count, so treat its median as indicative of those transactions rather than as a settled level for large units in the project. The table is below.

Completed projects within a kilometre have been transacting well below the launch median

To put the launch median in context, we looked at resales within 1,000 m of the site over the 24 months to August 2026. Across 25 completed projects, 349 resales recorded a median of S$1,272 psf. The launch median of S$1,793 psf sits +41.0% above that.

The project-level table below shows where those resales clustered. Ripple Bay, 486 m away, recorded the most with 65 resales at a median of S$1,408 psf, the highest median in the table. Sea Horizon at 268 m recorded 58 resales at S$1,282 psf, Watercolours at 406 m recorded 57 at S$1,244 psf, and Seastrand at 537 m recorded 38 at S$1,283 psf. At the other end, Eastvale recorded 11 resales at S$1,057 psf and Coastal Breeze Residences, the closest project at 135 m, recorded 9 at S$1,132 psf.

A gap of this kind is not a like-for-like comparison. Every project in the table is completed and 99-year leasehold, while Coastal Cabana is still selling with an expected completion in 2028, and unit mix, floor level and remaining lease all differ across the eight projects listed. The figures are indicative medians drawn from recorded transactions, not valuations of any home.

Both of the other District 17 launches have transacted above Coastal Cabana's median

The last comparison is against other new launches in the same district. Over the 12 months to August 2026, Kassia sold the most with 21 caveats at a median of S$2,078 psf, and The Shorefront recorded 6 caveats at a median of S$1,972 psf. Both sit above the S$1,793 psf overall median at Coastal Cabana, and above its August 2026 monthly median as well.

Tenure is the most visible difference in the table below. Kassia is freehold and The Shorefront is on a 946-year lease, while Coastal Cabana is 99-year leasehold. With 21 and 6 caveats respectively, both counts are small, and a median built on six transactions can shift materially with one more sale.

What the table does establish is scale. Coastal Cabana's 384 caveats since January 2026 account for the overwhelming share of new-sale activity recorded in the district over the period covered here.

What the data does not settle is where the monthly pace goes from here. With 384 of 748 units taken up and the last four months running between 12 and 25 caveats each, the figures to watch in the next release are whether the monthly counts hold in that range, whether the median psf keeps inching along the way it has since January 2026, and whether the remaining stock shifts the size-band mix — the 120 sqm and above band has only 18 caveats behind it so far, and any further sales there will move its median noticeably.

A single median, on its own, rarely tells you much. The S$1,793 psf figure only becomes legible once you see that most of it was set in one month, that the smallest band carries the highest per-square-foot median, and that nearby completed resales have been printing around S$1,272 psf over two years. Every number here is an indicative median from caveats lodged with URA, not a valuation, and the more useful read is the direction each of these series takes over the next few months rather than any one line in the table.

Method: URA caveats for developer sales ('new sale') at the project, dated to the month; size bands by the caveated floor area; the nearby comparison is resale caveats in completed projects within one kilometre over 24 months, unadjusted for size, age or floor. Units sold is the caveat count, which lags option exercises by weeks. Private figures are from URA Data Service caveats, HDB figures from data.gov.sg resale records, both loaded weekly by this site's ingest. Medians are of the non-excluded transactions in the period named; sales flagged by the hygiene rules (related-party transfers, bulk deals, outliers) are left out. Every figure is indicative and drawn from recorded transactions, not a formal valuation.