Close to 8,000 new private residential units, including Executive Condos (ECs), are set to enter the market in the second half of this year and will coincide with a recovering consumer sentiment across all market segments, reports SRI in a research paper published on May 27.
SRI estimates about 20 upcoming projects ranging from high-end branded residences and city-fringe freehold developments to ECs in emerging townships.
Data compiled by SRI also indicates that the total number of uncompleted unsold private residential units in Singapore fell from 20,566 units in 2Q2024 to 18,125 units in 1Q2025, representing an 11.9% decrease. Mohan Sandrasegeran, head of research and data analytics at SRI, says the moderation reflects healthy absorption rates and a more balanced relationship between supply and demand.
Core Central Region
Nine new Core Central Region (CCR) projects are expected to be launch-ready in the coming months.
IOI Properties is gearing up to preview W Residences Marina View, a 683-unit branded residence in District 1. The W Singapore — Marina View anchors the ultra-luxury branded residence. The entire 51-storey integrated development is IOI’s first attempt at developing an ultra-luxury branded residence in Singapore.
The market is also anticipating the launch of Upperhouse at Orchard Boulevard by UOL Group and SingLand. The 301-unit development is near Tanglin Mall, Botanic Gardens, Orchard Road and Dempsey Hill.
Upperhouse at Orchard Boulevard is UOL Group’s upcoming project in prime District 10. (Credit: UOL)
Other CCR projects in the pipeline include Robertson Opus by Frasers Property and Sekisui House, a redevelopment 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 by a CapitaLand-UOL-led consortium; and Newport Residences by City Developments (CDL).
Developer sales in the CCR have increased from 54 units in 3Q2024 to 137 in 4Q2024 and 192 units in 1Q2025. “The uptick in CCR sales also reflects selective demand from high-net-worth buyers. In today’s uncertain climate, some high-net-worth buyers are turning to real estate as a form of value preservation,” says Sandrasegeran.
The supply of new launch projects in the CCR has been relatively thin in recent years and the pent-up demand for new projects is expected to reinvigorate buying activity in the CCR. He adds: “This tight supply has created scarcity in the luxury segment, setting the stage for upcoming launches such as W Residences — Marina View, Robertson Opus, and River Green to generate healthy interest in 2H2025”.
While the recent rise in ultra-luxury sales is significant, transaction volumes still fall short of the levels recorded before the introduction of the 60% Additional Buyer’s Stamp Duty (ABSD) for foreigners in April 2023. He continues: “This suggests that the segment has not fully rebounded and continues to feel the impact of cooling measures targeted at curbing foreign demand.”
Two upcoming projects at Zion Road developed on government land sale sites are also expected to make their mark this year. Joint-venture partners CDL and Mitsui Fudosan are laying the ground for the launch of their 706-unit project at Parcel A, while the adjacent plot will see Allgreen Properties launch its 596-unit project at Parcel B.
Rest of Central Region
The Rest of Central Region (RCR) is set to welcome nine new project launches in the second half of this year. The lineup includes Arina East Residences, a freehold project by ZACD Group located at Tanjong Rhu Road; The Sen, a 99-year leasehold project by Sustained Land located at De Souza Avenue; and the former Sin Ming Centre redeveloped into Artisan 8, a freehold project by Apex Asia Group.
Elsewhere, CapitaLand is set to preview Lyndenwoods, a 345-unit 99-year leasehold development in Science Park, and Far East Organisation is working on Amber House, a 105-unit freehold project in Amber Gardens.
“The RCR market continues to attract fresh interest from local homebuyers and investors for its balance of attractive factors such as central connectivity, nearby lifestyle offerings, and comparatively palatable entry prices,” says Sandrasegeran.
Outside Central Region
There are four upcoming new launches in the Outside Central Region (OCR). They include the only EC project, Otto Place, a 600-unit development on Plantation Close by Hoi Hup Realty and Sunway Developments.
Sandrasegeran says the EC segment continues to demonstrate strong buyer demand, with consistently high take-up rates even during periods of limited launches. He points to sales data showing that in 4Q2024, developers launched 504 EC units for sale, with 528 units being snapped up, and in 1Q2025, 760 EC units were put on the market, with 830 units sold.
“The recent successful launch of Novo Place is expected to likely generate positive spillover interest for Otto Place, the upcoming Plantation Close EC, reinforcing the continued appeal of new developments in the Tengah area,” he adds.
In the private residential segment, GuocoLand is also expected to launch Springleaf Residence, a 941-unit development along Upper Thomson Road. Kheng Leong and Low Keng Huat are also gearing up to launch their 376-unit condo at Canberra Crescent, while a GuocoLand-led consortium looks set to preview its 400-unit project at Faber Walk.
“Given the slew of already-launched projects in the OCR, concerns about a potential supply overhang are understandable,” says Sandrasegeran. However, the steady decline in unsold inventory and strong take-up rates show the resilience of the mass market segment.
The number of uncompleted unsold condo units in the OCR has been steadily falling from a recent peak of 7,698 units in 1Q2024 to 4,340 units in 1Q2025, according to data tabulated by SRI. This marks the lowest level of unsold inventory since 4Q2022, when the figure stood at 3,672 units.
Sandrasegeran says the steady decline in unsold units reflects the strong absorption rate among suburban buyers, especially first-time buyers and HDB upgraders who favour OCR projects for their relative price affordability.
“This reduction in unsold inventory bodes well for developers preparing to launch new projects. With available stock tightening, there is a strategic window for developers to step in and replenish supply to meet ongoing demand,” he says, adding that the OCR pipeline is poised to be gradually and healthily absorbed and not at immediate risk of oversaturation under prevailing market conditions.
