List of Unsold Condo Units in Singapore 2019

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

6,475

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 17 October 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 is sorted accordingly to the number of units sold within the latest month. I guess it’s a good indication of the popularity of the condo project among homebuyers and property investors.

Unsold Condo Units in CCR

Project Name Tenure Total No. of Units Total Unsold Units Sales for Sep 19 Average Price (PSF)
3 Cuscaden Freehold 96 22 3 $3,854
One Draycott Freehold 64 58 3 $3,766
Boulevard 88 Freehold 154 78 4 $3,462
Cuscaden Reserve 99 Years 192 187 5 $3,341
The Hyde Freehold 117 112 2 $2,904
Haus on Handy 99 Years 188 164 5 $2,870
RV Altitude Freehold 140 102 5 $2,858
Martin Modern 99 Years 450 97 9 $2,661
Marina One Residences 99 Years 1042 414 8 $2,655
35 Gilstead Freehold 70 55 2 $2,504
Dunearn 386 Freehold 35 29 2 $2,492
Fourth Avenue Residences 99 Years 476 373 5 $2,377
Fyve Derbyshire Freehold 71 51 6 $2,286
Parksuites 110 Years 119 99 1 $1,896

Unsold Condo Units in RCR

Project Name Tenure Total No. of Units Total Unsold Units Sales for Sep 19 Average Price (PSF)
Riviere 99 Years 455 410 9 $2,807
Meyer Mansion Freehold 200 169 31 $2,715
Meyerhouse Freehold 56 51 1 $2,673
Sky Everton Freehold 262 97 18 $2,539
Amber Park Freehold 592 414 6 $2,510
One Pearl Bank 99 Years 774 529 18 $2,439
Coastline Residences Freehold 144 122 5 $2,398
Nyon Freehold 92 71 8 $2,306
Mayfair Modern 99 Years 171 130 3 $2,127
Artra 99 Years 400 45 6 $2,037
Avenue South Residence 99 Years 1074 713 361 $1,941
Mayfair Gardens 99 Years 215 54 3 $1,939
The Woodleigh Residences 99 Years 667 520 15 $1,864
Margaret Ville 99 Years 309 51 39 $1,861
Uptown @ Farrer 99 Years 116 103 13 $1,857
GEM Residences 99 Years 578 1 1 $1,852
Stirling Residences 99 Years 1259 432 26 $1,838
Park Place Residences at PLQ 99 Years 429 3 1 $1,814
Jui Residences Freehold 117 50 8 $1,810
The Antares 99 Years 265 247 18 $1,793
The Addition Freehold 26 2 1 $1,752
Kent Ridge Hill Residences 99 Years 548 299 24 $1,749
Park Colonial 99 Years 805 115 13 $1,725
Neem Tree Freehold 84 12 3 $1,725
Olloi Freehold 34 26 1 $1,721
Jadescape 99 Years 1206 736 16 $1,714
View at Kismis 99 Years 186 142 10 $1,700
Parc Esta 99 Years 1399 621 65 $1,680
Queens Peak 99 Years 736 32 3 $1,659
Areana Residences Freehold 98 31 2 $1,638
The Tre Ver 99 Years 729 122 10 $1,618
Daintree Residence 99 Years 327 259 1 $1,602
Rezi 24 Freehold 110 82 6 $1,505

Unsold Condo Units in OCR

Project Name Tenure Total No. of Units Total Unsold Units Sales for Sep 19 Average Price (PSF)
Cayman Residences (Landed) Freehold 19 6 1 $2,347
Infini at East Coast Freehold 36 35 1 $1,896
Seaside Residences 99 Years 841 73 3 $1,868
Lattice One Freehold 48 21 1 $1,810
Nim Collection (Landed) 99 Years 98 5 3 $1,734
Mont Botanik Residence Freehold 108 89 4 $1,666
Parc Clematis 99 Years 1468 1034 119 $1,620
Bukit 828 Freehold 34 22 3 $1,560
Grandeur Park Residences 99 Years 720 18 2 $1,554
The Garden Residences 99 Years 613 411 9 $1,539
Affinity at Serangoon 99 Years 1052 461 15 $1,459
The Florence Residences 99 Years 1401 903 68 $1,456
The Essence 99 Years 84 65 2 $1,423
Whistler Grand 99 Years 716 298 20 $1,406
Le Quest 99 Years 516 72 12 $1,390
Treasures at Tampines 99 Years 2203 1475 69 $1,355
Riverfront Residences 99 Years 1472 338 32 $1,341
Parc Botannia 99 Years 735 81 71 $1,311
The Tapestry 99 Years 861 201 9 $1,304
The Jovell 99 Years 428 331 7 $1,299
Kandis Residence 99 Years 130 50 7 $1,277
The Alps Residences 99 Years 626 5 1 $1,233
Piermont Grand (EC) 99 Years 820 395 28 $1,108
Belgravia Green (Strata Landed) Freehold 81 7 3 $880
Alana (Strata Landed) 103 Years 78 54 1 $824
Watercove (Strata Landed) Freehold 80 0 2 $714

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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