Springleaf Residence, the first high-rise development in the Springleaf estate, witnessed a remarkable sales performance during its launch weekend, selling 880 units. This makes it the second best-selling project of 2025, following PARKTOWN Residence. The development’s attractive pricing and strategic location have drawn significant interest from both private property owners in the vicinity and HDB upgraders.
The project, which offers a mix of 1- to 5-bedroom units, saw all 1- and 2-bedroom units sold out, with nearly 97% of 3-bedroom units also snapped up. Larger units, such as the 4- and 5-bedroom options, experienced strong demand, with over 90% of 4-bedroom units sold and nearly half of the 5-bedroom units purchased, primarily by multi-generational families.
Mark Yip, CEO of Huttons Asia, attributed the strong sales to several factors, including lower interest rates and revised GDP forecasts for 2025. “The excellent sales results will give confidence to developers to bid for the adjacent GLS site,” he noted, anticipating up to five bidders with top bids ranging from $900 to $1,000 psf ppr.
Springleaf Residence’s starting price of $1,995 psf is considered highly competitive, offering a price premium of less than 15% compared to new Executive Condominium (EC) projects. The development’s proximity to Singapore’s largest nature reserve and convenient MRT access to key locations like Orchard, the CBD, and Changi Airport further enhance its appeal.
As construction costs rise, the starting quantum of $878,000 for a 1-bedroom unit is likely to be one of the lowest prices available post-harmonisation, making Springleaf Residence an attractive option for prospective buyers.
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