Table of Contents
Set to launch in the second part of 2025, close to 8,000 new private residential units including Executive Condos (ECs) will come into the. market with an improving consumer sentiment. There will be high-end branded homes and city-fringe freehold developments to ECs in developing townships, SRI predicts over twenty new projects.
SRI’s data also shows that the total number of uncompleted unsold private residential units in Singapore dropped from 20,566 units in 2Q2024 to 18,125 units in 1Q2025, therefore reflecting an 11.9% drop. Head of research and data analytics at SRI Mohan Sandgeran notes that the moderation shows reasonable rates of absorption and a more balanced link between supply and demand.
Launches Happening in Core Central Region
There will be nine new launches in Core Central Region (CCR) projects should be launch-ready in the next months.
IOI Properties is getting ready to show District 1’s 683-unit branded condominium W Residences Singapore – Marina View. The ultra-luxury branded apartment is anchored by The W Singapore — Marina View. IOI’s first effort at creating an ultra-luxury branded home in Singapore is the 51-story integrated complex.
Upperhouse by UOL Group and Sing-Land is expected to open at Orchard Boulevard, too. Near Tanglin Mall, Botanic Gardens, Orchard Road and Dempsey Hill lies the 301-unit complex.
Other CCR projects under development are Robertson Opus by Frasers Property and Sekisui House, a refurbishment of Robertson Walk; an upcoming development at River Valley Green by Wing Tai Holdings; One Leonie Residences, a freehold project at 1 Leonie Hill; Skye at Holland, a Holland Drive development under CapitaLand-UOL-led consortium; and Newport Residences by City Developments (CDL).
From 54 units in 3Q2024 to 137 in 4Q2024 and 192 units in 1Q2025, developer sales in the CCR have risen. “Also reflecting selective demand from high-net-worth purchasers is the increase in CCR sales. Some high-net-worth purchasers are looking to real estate as a means of asset preservation in the unpredictable environment of today, claims Sandgeran.
Recent years have seen a somewhat limited supply of new launch projects in the CCR; however, pent-up demand for new projects is projected to revive purchasing activity in the CCR. He says: “This limited supply has created scarcity in the luxury segment, setting the stage for upcoming launches such W Residences — Marina View, Robertson Opus, and River Green to generate healthy interest in 2H2025.
Although ultra-luxury sales have lately increased significantly, transaction volumes still fall short of pre-introduction of the 60% Additional Buyer’s Stamp Duty (ABD) for foreigners in April 2023. He says: “This suggests that the segment has not fully rebounding and continues to feel the impact of cooling measures targeted at curbing foreign demand.”
Two forthcoming developments on government land sale sites at Zion Road are also likely to be significant this year. While Allgreen Properties will open its 596-unit condominium at Promenade Peak, joint-venture partners CDL and Mitsui Fudosan are preparing the groundwork for the debut of their 706-unit project at Parcel A.
Launches Happening in Rest of the Central Region
Nine fresh project starts in the second half of this year are scheduled to be welcomed by the Rest of Central Region (RCR). Arina East Residences, a freehold project by ZACD Group at Tanjong Rhu Road; The Sen, a 99-year leasehold project by Sustained Land at De Souza Avenue; and the former Sin Ming Centre rebuilt as Artisan 8, a freehold project by Apex Asia Group.
CapitaLand is scheduled to show Lyndenwoods, a 345-unit 99-year leasehold property in Science Park, elsewhere; Far East Organisation is working on Amber House, a 105-unit freehold project in Amber Gardens.
Sandgeran adds, “The RCR market continues to attract fresh interest from local homebuyers and investors for its balance of attractive factors such central connectivity, nearby lifestyle offerings, and reasonably palatable entry prices.
Launches in Outside the Center Region
The Outside Central Region (OCR) has four forthcoming new releases. They comprise the only EC project, Otto Place, a 600-unit on Plantation Close by Hoi Hup Realty and Sunway Developments.
According to Sandergeran, even in times of restricted releases, the EC market shows constantly high take-up rates and great customer demand. He cites sales statistics indicating that developers started 504 EC apartments for sale in 4Q2024 with 528 units snatched up and in 1Q2025 760 EC units were placed on the market with 830 units sold.
The recent successful launch of Novo Place is expected to likely generate positive spill-interest for Otto Place , the upcoming Plantation Close EC, so reinforcing the continuous appeal of new developments in the Tengah area,” he says.
GuocoLand is also slated to build 941-unit Springleaf Residence in the private residential sector along Upper Thomson Road. While a Guoco Land-led group seems poised to preview its 400-unit condo at Faber Walk, Kheng Leong and Low Keng Huat are also getting ready to open their 376-unit condo at Canberra Crescent.
“Given the multitude of already-launched projects in the OCR, concerns about a possible supply overhang are understandable,” Sandgeran adds. Still, the robustness of the mass market category is shown by the consistent drop in unsold inventories and robust take-up rates.
Data compiled by SRI shows that the number of unfinished unsold condo units in the OCR has been gradually declining from a recent high of 7,698 units in 1Q2024 to 4,340 units in 1Q2020. With 3,656 units, this is the lowest amount of unsold inventories since 4Q2022.
According to Sandergeran, the consistent drop in unsold apartments demonstrates the high absorption rate among suburban purchasers especially first-time buyers and HDB upgraders who choose OCR developments for their relative pricing affordability.
“This drop in unsold inventory is good news for developers ready to start fresh projects. He notes that the OCR pipeline is positioned to be progressively and healthily absorbed and not at imminent danger of oversaturation under current market circumstances. With available stock narrowing, developers have a strategic opportunity to step in and refill supply to satisfy continued demand.
