Investing in a condo in Singapore has emerged as a favored option for both domestic and international investors, drawn in by the country’s thriving economy, stable political climate and impressive quality of life. Singapore’s property market presents a multitude of attractive prospects, with condos in particular standing out for their convenience, amenities and potential for lucrative returns. In this article, we will delve into the advantages, factors to consider and necessary steps when looking to invest in a condo in Singapore. To guide your search for the perfect Singapore condo, be sure to check out Singapore Projects.
Springleaf Residence, the joint development by GuocoLand and Hong Leong, has made a phenomenal start in the market. From August 15 to 16, the developers managed to sell 870 out of the 941 units available, marking a 93% sell-out rate. The average selling price of the units was $2,175 per square foot (psf).
The high demand for the development was especially evident for the two-bedroom units, with almost all 340 units in the five 25-storey towers being sold out. The three-bedroom and four-bedroom units also saw a strong take-up rate of 95% and 138 units respectively. The five-bedroom units, which make up 71 units in total, saw a 45% take-up rate.
According to GuocoLand, the strong demand reflects market confidence in the growth potential of the Springleaf area. This is in line with the Urban Redevelopment Authority’s (URA) vision of transforming Springleaf into a vibrant neighbourhood that combines urban living with natural spaces. Dora Chng, residential director at GuocoLand, says that this marks the beginning of Springleaf’s transformation into one of Singapore’s most sought-after private residential enclaves, following the success of Lentor Hills estate.
Interested buyers can get the latest updates on available units and prices for Springleaf Residence. The development is situated a short 2-minute sheltered walk away from Springleaf MRT Station on the Thomson-East Coast Line.
Indicative prices for the units at Springleaf Residence started from $860,000 for a 388 sq ft one-bedroom unit. Two-bedroom units were priced from around $1.08 million, while three-bedroom units were priced from $1.62 million. The four-bedroom units were priced from $2.45 million. Kelvin Fong, CEO of PropNex, commented that the project has been priced sensitively, with most units being priced below $2.5 million. This makes it accessible to a wider range of buyers in today’s market.
Fong also noted that the average price of $2,175 psf at Springleaf Residence is quite compelling when compared to recent transacted prices of new mass-market homes. Based on caveats lodged, the average unit price of new non-landed private homes sold in the Outside Central Region (excluding executive condos) was almost $2,320 psf from January to August 10, 2025.
The majority of buyers for Springleaf Residence were Singaporeans and permanent residents, with a mix of singles, young couples, families, and multi-generational households. This includes local private property residents in the Springleaf area, as well as HDB upgraders from nearby HDB estates. According to Marcus Chu, CEO of ERA Singapore, between 2022 and 2025, around 4,800 flats in nearby HDB estates will reach their minimum occupation period. This is according to ERA Research and Market Intelligence.
In the conservation block of Springleaf Residence, 20 out of the 32 units were sold. All eight one- and two-bedroom units were taken, while four out of 16 three-bedroom units were sold, leaving 12 available for purchase. Mohan Sandrasegeran, SRI head of research, commented that these units are appealing for their unique location and character. He added that some units in the conserved block are noticeably more spacious than their counterparts in the main towers. These units offer a rare opportunity to live in history, where timeless architecture meets contemporary living.
The main draw of Springleaf Residence is its integration with nature and community spaces, offering a distinctive lifestyle for buyers who value identity, design, and a closer connection to home. According to Sandrasegeran, this is what makes the development so appealing to buyers.
Those interested in buying a unit at Springleaf Residence can refer to the latest listings for available properties and prices. Other relevant information such as the total number of units in the development, condo sale transactions in District 26, and a price trend comparison between new and resale condos can also be found.
Springleaf Residence is adjacent to Singapore’s largest nature reserve and a short two-minute walk from Springleaf MRT Station (Picture: GuocoLand)
The new Upper Thomson Road (Parcel A) GLS site is situated next to Springleaf Residence (Picture: GuocoLand)
Apart from being next to Singapore’s largest nature reserve and a two-minute walk from Springleaf MRT Station, residents of Springleaf Residence can also easily access Orchard Road, the CBD, Changi Airport, and Johor Bahru via the Thomson-East Coast Line. According to ERA’s Chu, evidence shows that mega-developments near MRT stations often deliver strong returns for early buyers.
The success of Springleaf Residence is expected to boost developer confidence in the upcoming Upper Thomson Road (Parcel A) land sale tender. Mark Yip, CEO of Huttons Asia, expects up to five bids at $900 to $1,000 per square foot (psf) per plot ratio. Springleaf Residence’s sales make it the second-best selling project by the number of units in 2025, following ParkTown Residences, where 1,041 of 1,193 units were sold at launch in February.
Developers have sold more than 1,800 new private homes in August so far, including transactions at projects such as River Green, Promenade Peak, Canberra Crescent Residences, and Springleaf Residence. According to PropNex, August is on track to post the strongest month of new home sales since November 2024, when more than 2,500 units were transacted in that month. Cumulatively, from January to August 16, developers’ private new home sales have exceeded 7,400 units (excluding executive condos). This number has already surpassed the total transaction volume in each of the last three years: 7,099 units in 2022, 6,421 units in 2023, and 6,469 units in 2024. According to Fong, “With several new launches to come in the rest of the year, 2025 is set to book a robust sales performance – chalking up the highest developers’ sales tally since 2021, where 13,027 new units were sold.”