List of Unsold Condo Units in Singapore 2019

To date, a projected number of 56,803 unsold condo units in Singapore till 2023

13,021

Due to the robust en sales that took place between 2017 till the 1st half of 2018, homebuyers and investors will likely be overwhelmed by the huge number of new launch (or uncompleted) projects which are available in the market right now.

According to the Urban Redevelopment Authority (URA) of Singapore, the total number of uncompleted private homes (excluding executive condos) in the pipeline works out to be a whopping 53,284 by the end of Q1 2019.

In Q4 2018, the number was 51,498 – which means another 1,786 uncompleted homes have been added on to the impending supply.

The worrying part is that the take-up rates are not growing as fast and the supply piles up. By the end of Q1 2019, the number of unsold condo units tallies up to 36,839 – which is 2,015 units more than Q4 2018.

If you were to include the number of unsold executive condo units as well, here’s how the supply numbers will look like for the next couple of years.

Total Number of Unsold Condo Units in Singapore till 2023
Total Number of Unsold Condo Units in Singapore till 2023
Expected Year of
Completion
Private Residential
Units
Executive
Condominiums
Total
Units
2Q-4Q2019 6,717 1,028 7,745
2020 4,231 628 4,859
2021 13,078 13,078
2022 20,116 20,116
2023 8,628 1,863 10,491
>2023 514 514
Total 53,284 3,519 56,803

In case you are wondering why was there a ‘craze’ in the collective sale market and the period when homebuyers and investors were on a buying spree, here’s a chart from URA showing the total number of unsold condo units since 2Q 2014.

Total Number of Unsold Condo Units in the Pipeline
Total Number of Unsold Condo Units in the Pipeline

The supply of private homes and ECs was at the lowest points from the start of 2017 and when supply is heading south and demand is heading north, it’s natural to trigger more buying interest at this point of the trend and it’s possibly the best time to hedge onto the next upcycle.

However, the government has put a stop to this frenzy by introducing a new round of property cooling measures back in July 2018 and reducing the land supply in the latest government land sales (GLS) programme. Thus, it’s very likely that we will see a repeat of 2014 – 2016 when the property market was filled with unsold condo units.

That was actually the time period when developers were very conservative with their price points and dare not make significant price increments. And obviously, that was perhaps the best time for buyers to enter the market before the next uptrend (when housing supply runs low again) – which will likely be after 2022.

The list of unsold condo units in Singapore 

With an impending surge of private homes in Singapore before 2022, I’ve prepared a list of unsold condo units in Singapore for 2019 and it will be updated monthly. I believe this will help you to source out the best deal during this relatively lull period.

Instead of looking at the full list of unsold condo units in Singapore (updated on 18 November 2019), I’ve broken it down into the 3 different regions or localities:

  • Core Central Region or CCR (downtown central and high-end districts)
  • Rest of Core Central Region or RCR  (city fringe locations)
  • Outside Central Region or OCR (mainly mass-market and suburban areas)

The list consists of developer sales for the whole of October 2019. It is sorted accordingly to the average psf price based on the number of units sold within the latest month.

I guess it’s a good indication of the price range for each of the condo projects and what homebuyers and property investors are paying for.

Unsold Condo Units in CCR

Project Name Tenure Total No. of Units Total Unsold Units Sales for Oct 19 Average Price (PSF)
Boulevard 88 Freehold 154 72 6 $3,611
3 Cuscaden Freehold 96 17 5 $3,572
120 Grange Freehold 56 10 1 $3,234
RV Altitude Freehold 140 104 1 $3,100
The Hyde Freehold 117 111 1 $2,951
Midtown Bay 99 Years 219 171 48 $2,900
Haus on Handy 99 Years 188 159 5 $2,865
RoyalGreen Freehold 285 243 42 $2,741
Martin Modern 99 Years 450 95 8 $2,611
NEU at Novena Freehold 87 33 54 $2,585
35 Gilstead Freehold 70 52 3 $2,498
Fourth Avenue Residences 99 Years 476 368 5 $2,432
Marina One Residences 99 Years 1042 404 10 $2,392
Fyve Derbyshire Freehold 71 53 2 $2,390
Wilshire Residences Freehold 85 78 1 $2,198

Unsold Condo Units in RCR

Project Name Tenure Total No. of Units Total Unsold Units Sales for Oct 19 Average Price (PSF)
Riviere 99 Years 455 409 2 $2,818
One Meyer Freehold 66 47 1 $2,807
Coastline Residences Freehold 144 119 5 $2,712
Meyer Mansion Freehold 200 175 5 $2,656
Sky Everton Freehold 262 90 8 $2,577
One Pearl Bank 99 Years 774 534 7 $2,467
Amber Park Freehold 592 406 10 $2,443
Mayfair Modern 99 Years 171 125 6 $2,118
Bijou Freehold 120 35 1 $2,053
Mayfair Gardens 99 Years 215 54 1 $1,991
Avenue South Residence 99 Years 1074 677 40 $1,990
Neem Tree Freehold 84 11 1 $1,957
ARTRA 99 Years 400 40 8 $1,943
Margaret Ville 99 Years 309 43 8 $1,919
GEM Residences 99 Years 578 0 1 $1,909
Park Colonial 99 Years 805 109 7 $1,886
Arena Residences Freehold 98 31 2 $1,868
The Woodleigh Residences 99 Years 667 504 19 $1,864
Uptown at Farrer 99 Years 116 98 5 $1,854
Stirling Residences 99 Years 1259 388 45 $1,848
Jui Residences Freehold 117 48 5 $1,793
Kent Ridge Hill Residences 99 Years 548 287 17 $1,774
The Addition Freehold 26 0 3 $1,765
The Antares 99 Years 265 243 5 $1,756
Park Place Residences at PLQ 99 Years 429 1 3 $1,742
OLLOI Freehold 34 26 1 $1,726
Queens Peak 99 Years 736 31 1 $1,715
Jadescape 99 Years 1206 724 13 $1,702
View at Kismis 99 Years 186 139 11 $1,694
Parc Esta 99 Years 1399 529 92 $1,686
Daintree Residence 99 Years 327 258 1 $1,636
The Tre Ver 99 Years 729 112 14 $1,632
Rezi 24 Freehold 110 76 6 $1,562
Carpmael Thirty-Eight Freehold 16 4 1 $1,524

Unsold Condo Units in OCR

Project Name Tenure Total No. of Units Total Unsold Units Sales for Oct 19 Average Price (PSF)
Infini at East Coast Freehold 36 34 1 $1,908
Seaside Residences 99 Years 841 73 3 $1,865
Mont Botanik Residence Freehold 108 71 19 $1,664
Midwood 99 Years 564 540 24 $1,640
Parc Clematis 99 Years 1468 1007 32 $1,606
Bukit 828 Freehold 34 19 5 $1,597
Forest Woods 99 Years 519 4 1 $1,580
Grandeur Park Residences 99 Years 720 17 1 $1,549
The Garden Residences 99 Years 613 394 16 $1,535
Parc Komo Freehold 276 168 3 $1,510
Twin Vew 99 Years 520 63 1 $1,503
The Florence Residences 99 Years 1401 887 17 $1,492
Affinity at Serangoon 99 Years 1052 438 27 $1,472
Whistler Grand 99 Years 716 280 18 $1,455
Le Quest 99 Years 516 70 4 $1,414
The Essence 99 Years 84 61 5 $1,410
Treasures at Tampines 99 Years 2203 1395 88 $1,373
Riverfront Residences 99 Years 1472 296 43 $1,337
Parc Botannia 99 Years 735 72 49 $1,334
The Tapestry 99 Years 861 186 15 $1,294
Kandis Residence 99 Years 130 48 2 $1,279
The Jovell 99 Years 428 327 6 $1,241
Piermont Grand (EC) 99 Years 820 384 26 $1,069
Belgravia Green (Strata Landed) Freehold 81 3 5 $889
Watercove (Strata Landed) Freehold 80 1 1 $715

If you would like to receive the full monthly-updated list of unsold condo units in Singapore and other updates via email, simply just indicated your interest by using the form below.

Final Word

Let’s face it – when the Singapore property market was experiencing a downturn back from 2014 to 2016, many homebuyers or investors were thinking that the market was going to crash and thus hoping to rip a good deal (or a cheap one) from sellers or developers. Unfortunately, that did not happen as frequently as most would hope for.

In fact, by looking at the current price points of these developments with unsold condo units in Singapore, you will never be able to find anything that matches the price points which were seen in 2014 – 2016.

I am not saying that all of these unsold condos listed are all good buys, but it certainly helps if you study this list over time as I continue to update it.

Pick the one that matches your own requirements and one that fits you. And if you need help or real-time update of the condominium of your choice, you can always reach me at (+65) 6631-8384 or drop me note using the contact form below.

Thanks for reading and please help to share if you find this article useful!

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