CapitaLand sells 94.5% of LyndenWoods on launch day amid strong demand at an average of $2,450 psf

CapitaLand Development Ltd (CLD) sold 324 out of 343 units (94.5%) at LyndenWoods on launch day, July 12. The average price achieved was about $2,450 psf.

Buyers were mainly professionals, couples, and families, according to CLD. The launch followed two weeks of public previews that drew over 12,000 visitors.

The project appeals to buyers who value proximity to workplaces, access to modern amenities, and green spaces, says Ronald Tay, CEO of CLD Singapore. “It also reflects CLD’s commitment to developing homes that meet evolving lifestyle needs while offering long-term investment value,” he adds. 

LyndenWoods is the first residential development within the 55-ha Singapore Science Park and marks the beginning of Phase 2 of the precinct’s transformation into a work-live-play hub. The area forms part of the Greater one-north innovation district, which supports research and development, technology, and biomedical sciences. This vision aligns with the URA Draft Master Plan 2025, which aims to decentralise growth by integrating housing, jobs, and amenities.

The development located at Science Park Drive comprises two 24-storey blocks located just across from Geneo — a mixed-use development featuring five Grade-A business park buildings, a 250-unit Citadines serviced residence, and a retail mall, all linked directly to Kent Ridge MRT Station on the Circle Line. In the future, LyndenWoods will also have a covered walkway that will be linked to Geneo and the MRT station.

Almost all 137 two-bedroom units and 92 two-bedroom plus study units were snapped up. Prices started from $1.398 million for two-bedroom units and $1.959 million for two-bedroom plus study units. All 45 three-bedroom units were also sold, with prices starting from $2.352 million.

Remaining units include three-bedroom plus study layouts starting from $2.894 million ($2,240 psf) and four-bedroom premium units from $3.61 million ($2,192 psf).

The entry prices for the two-bedroom and two-bedroom plus study units were comparable to some Outside Central Region (OCR) projects, notes Mark Yip, CEO of Huttons Asia. Many transactions were within the sweet spot of up to $2.5 million, notes Yip. 

LyndenWoods is situated in District 5, and is part of the Rest of Central Region (RCR). In addition to the attractive pricing and city fringe location, many buyers were also drawn to the future transformation plans for the area, says Ismail Gafoor, CEO of PropNex. “This project launch also serves as a litmus test of demand for housing within the Science Park precinct,” he says. “Notably, the recent unveiling of the URA Draft Master Plan 2025 has signalled the potential introduction of more new homes to be injected into the locale over the coming years.”

Beyond the project’s city fringe location, buyers were also drawn to the nearby amenities, from the Kent Ridge MRT station, The Star Vista mall and One Holland Village. Reputable schools in the area, such as the National University of Singapore (NUS), Anglo-Chinese Junior College, Singapore Polytechnic, and Fairfield Methodist School (Primary), also proved to be a draw for families, notes Gafoor.

LyndenWoods is the first residential launch following the government’s July 4 cooling measures, which reinstated the Seller’s Stamp Duty (SSD) holding period to four years. Rates were raised to 16% in the first year, followed by 12%, 8%, and 4% for each subsequent year, reverting to pre-March 2017 levels.

“The exceptional sales at LyndenWoods show that buyers are unfazed by the extended SSD holding period,” comments Huttons’ Yip.