List of Unsold Condo Units in Singapore 2022

To date, a projected number of 47,715 unsold condo units in Singapore till 2025

52,732

Due to the robust en bloc 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.

However, a huge portion of the supply has been absorbed by the market since late 2020.

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 47,715 by the end of Q3 2021.

In Q2 2021, the number was 47,097 – which means only another 618 uncompleted homes have been added to the impending supply.

The encouraging part is that the take-up rates are growing as fast, if not faster than the supply piling up.

By the end of Q3 2021, the number of unsold condo units tallies up to only 18,721  – which is down from the 21,055 units recorded in the previous quarter.

In short, 2,334 units were cleared within a span of 3 months.

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 2025
Total Number of Unsold Condo Units in Singapore till 2025

 

Expected Year of
Completion
Private Residential
Units
Executive
Condominiums
Total
Units
4Q2021 2,123 2,123
2022 11,449 11,449
2023 17,184 2,564 19,748
2024 11,443 909 12,352
2025 5,133 1,245 6,378
>2025 383 383
Total 47,715 4,718 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 till Q3 2021
Total Number of Unsold Condo Units in the Pipeline till Q3 2021

The supply of private homes and ECs was at the lowest point from the start of 2017.

As a result, developers were heavily bulking up their land banks with multiple land acquisitions between 2017 to 2018.

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, over the last couple of years, we saw 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.

Obviously, that was perhaps the best time for buyers to enter the market before the next uptrend (when the housing supply runs low again).

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.

Hence, now is possibly the best time (or even the last chance) to hedge onto the next upcycle by tapping on developers’ existing stock of unsold condo units in Singapore.

The list of unsold condo units in Singapore 

With an impending surge of private homes in Singapore before 2023, I’ve prepared a list of unsold condo units in Singapore for 2021 and it will be updated monthly.

I believe this will help you to source the best deal during this property-buying spree.

Instead of looking at the full list of unsold condo units in Singapore (updated on 07 November 2022), 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 September 2022. It is sorted accordingly to the number of units sold within the latest month.

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

Unsold Condo Units in CCR

Project Name Street Name Total No. of Units Sales for Sep 22 Total Unsold
Units
Average Price (PSF)*
LEEDON GREEN LEEDON HEIGHTS 638 31 165 $2,876
PULLMAN RESIDENCES NEWTON DUNEARN ROAD 340 27 147 $3,039
PERFECT TEN BUKIT TIMAH ROAD 230 23 111 $2,946
HYLL ON HOLLAND HOLLAND ROAD 319 21 90 $2,770
THE AVENIR RIVER VALLEY CLOSE 376 10 57 $3,303
ONE BERNAM BERNAM STREET 351 10 218 $2,589
ONE HOLLAND VILLAGE RESIDENCES HOLLAND VILLAGE WAY 296 9 89 $2,789
MIDTOWN MODERN TAN QUEE LAN STREET 558 9 109 $2,792
FOURTH AVENUE RESIDENCES FOURTH AVENUE 476 8 0 $2,662
KOPAR AT NEWTON MAKEWAY AVENUE 378 8 50 $2,452
IRWELL HILL RESIDENCES IRWELL HILL 540 8 44 $2,994
HAUS ON HANDY HANDY ROAD 188 7 51 $2,761
VAN HOLLAND HOLLAND ROAD 69 5 37 $2,887
THE HYDE BALMORAL ROAD 117 5 11 $3,027
SLOANE RESIDENCES BALMORAL ROAD 52 4 20 $2,883
LES MAISONS NASSIM NASSIM ROAD 14 3 4 $5,727
PEAK RESIDENCE THOMSON ROAD 90 3 51 $2,674
WILSHIRE RESIDENCES FARRER ROAD 85 3 30 $2,716
PARKSUITES HOLLAND GROVE ROAD 119 1 93 $2,354
MIDTOWN BAY BEACH ROAD 219 1 131 $3,365
15 HOLLAND HILL HOLLAND HILL 57 1 8 $3,049
THE M MIDDLE ROAD 522 1 32 $2,914
BOULEVARD 88 ORCHARD BOULEVARD 154 0 22  –
GRANGE 1866 GRANGE ROAD 60 0 49  –
PARK NOVA TOMLINSON ROAD 54 0 13  –
FYVE DERBYSHIRE DERBYSHIRE ROAD 71 0 11  –
THE IVERIA KIM YAM ROAD 51 0 0  –
JERVOIS PRIVE JERVOIS ROAD 43 0 40  –
NEU AT NOVENA MOULMEIN RISE 87 0 7  –
LANDED HOUSING DEVELOPMENT BO SENG AVENUE 6 0 5  –
LANDED HOUSING DEVELOPMENT MOUNT ROSIE ROAD 6 0 5  –
BOTANIC @ CLUNY PARK CLUNY PARK ROAD 6 0 3  –
ONE DRAYCOTT DRAYCOTT PARK 64 0 53  –
8 HULLET HULLET ROAD 44 0 0  –
10 EVELYN EVELYN ROAD 56 0 41  –
ONE TREE HILL COLLECTION JALAN ARNAP/ONE TREE HILL/JALAN KELAWAR 14 0 1  –
DUNEARN 386 DUNEARN ROAD 35 0 2  –
35 GILSTEAD GILSTEAD ROAD 70 0 5  –
PETIT JERVOIS JERVOIS ROAD 55 0 35  –
JERVOIS TREASURES JERVOIS ROAD 36 0 34  –
CUSCADEN RESERVE CUSCADEN ROAD 192 0 182  –
19 NASSIM NASSIM HILL 101 0 97  –
DALVEY HAUS DALVEY ROAD 17 0 13  –
THE ATELIER MAKEWAY AVENUE 120 0 104  –
CAIRNHILL 16 CAIRNHILL RISE 39 0 39  –
MOOI RESIDENCES HOLLAND ROAD 24 0 8  –
KLIMT CAIRNHILL CAIRNHILL ROAD 138 0 131  –
JERVOIS MANSION JERVOIS CLOSE 130 0 26  –
SOPHIA REGENCY SOPHIA ROAD 38 0 38  –
IKIGAI SHREWSBURY ROAD 16 0 13  –
ENCHANTE EVELYN ROAD 25 0 25  –
RESIDENTIAL APARTMENTS CAIRNHILL RISE 75 0 75  –
[email protected] SURREY ROAD 38 0 38  –
ASPEN LINQ INSTITUTION HILL 18 0 1  –
HILL HOUSE INSTITUTION HILL 72 0 72  –

Unsold Condo Units in RCR

Project Name Street Name Total No. of Units Sales for Sep 22 Total Unsold
Units
Average Price (PSF)*
RIVIERE JIAK KIM STREET 455 18 92 $2,974
ONE PEARL BANK PEARL BANK 774 12 95 $2,689
MEYER MANSION MEYER ROAD 200 10 11 $2,657
THE LANDMARK CHIN SWEE ROAD 396 9 206 $2,599
PICCADILLY GRAND NORTHUMBERLAND ROAD 407 7 63 $2,060
MORI GUILLEMARD ROAD 137 6 18 $2,002
FORETT AT BUKIT TIMAH TOH TUCK ROAD 633 5 17 $2,244
LIV @ MB ARTHUR ROAD 298 5 56 $2,601
BARTLEY VUE JALAN BUNGA RAMPAI 115 5 51 $1,897
AVENUE SOUTH RESIDENCE SILAT AVENUE 1074 4 0 $2,465
AMBER PARK AMBER GARDENS 592 3 12 $2,467
JADESCAPE SHUNFU ROAD 1206 3 0 $1,723
KENT RIDGE HILL RESIDENCES SOUTH BUONA VISTA ROAD 548 2 4 $1,979
MAYFAIR GARDENS RIFLE RANGE ROAD 215 2 1 $2,015
1953 TESSENSOHN ROAD 58 2 9 $1,859
MYRA MEYAPPA CHETTIAR ROAD 85 2 24 $2,292
CANNINGHILL PIERS CLARKE QUAY 696 2 30 $3,068
THE WOODLEIGH RESIDENCES BIDADARI PARK DRIVE 667 1 1 $2,216
MAYFAIR MODERN RIFLE RANGE ROAD 171 1 3 $2,223
VERTICUS JALAN KEMAMAN 162 1 0 $2,264
THE REEF AT KING’S DOCK HARBOURFRONT AVENUE 429 1 37 $2,413
LANDED HOUSING DEVELOPMENT PASIR PANJANG HILL 5 1 0 $2,538
ZYANYA LORONG 25A GEYLANG 34 1 24 $2,003
THE CARRARA MOUNTBATTEN ROAD 6 0 4  –
ROYAL HALLMARK HAIG LANE 32 0 15  –
STIRLING RESIDENCES STIRLING ROAD 1259 0 0  –
PARK COLONIAL WOODLEIGH LANE 805 0 5  –
SERAYA RESIDENCES SERAYA LANE 17 0 3  –
UPTOWN @ FARRER PERUMAL ROAD 116 0 1  –
NYON AMBER ROAD 92 0 1  –
PARC ESTA SIMS AVENUE 1399 0 0  –
ONE MEYER MEYER PLACE 66 0 0  –
COASTLINE RESIDENCES AMBER ROAD 144 0 0  –
SUNSTONE HILL BALMEG HILL 28 0 28  –
LA MARIPOSA MANGIS ROAD 17 0 0  –
NORMANTON PARK NORMANTON PARK 1862 0 0  –
THE ANTARES MATTAR ROAD 265 0 0  –
AMBER SEA AMBER GARDENS 132 0 132  –
VERDALE DE SOUZA AVENUE 258 0 0  –
SKY EVERTON EVERTON ROAD 262 0 1  –
PENROSE SIMS DRIVE 566 0 0  –
ONE-NORTH EDEN SLIM BARRACKS RISE 165 0 0  –
MATTAR RESIDENCES MATTAR ROAD 26 0 26  –
BRIGHTHILL RESIDENCES BRIGHT HILL CRESCENT 6 0 1  –
LAVENDER RESIDENCE LAVENDER STREET 17 0 17  –
GEMS VILLE LORONG 13 GEYLANG 24 0 24  –
ATLASSIA JOO CHIAT PLACE 31 0 12  –

Unsold Condo Units in OCR

Project Name Street Name Total No. of Units Sales for Sep 22 Total Unsold
Units
Average Price (PSF)*
LENTOR MODERN LENTOR CENTRAL 605 512 93 $2,108
SKY [email protected] BEDOK CENTRAL 158 121 37 $2,118
PASIR RIS 8 PASIR RIS DRIVE 8 487 10 29 $1,777
THE GAZANIA HOW SUN DRIVE 250 6 49 $2,318
AMO RESIDENCE ANG MO KIO RISE 372 6 10 $2,197
THE WATERGARDENS AT CANBERRA CANBERRA DRIVE 448 6 16 $1,470
THE COMMODORE CANBERRA DRIVE 219 6 23 $1,414
NORTH GAIA YISHUN CLOSE 616 5 442 $1,269
THE LILIUM HOW SUN ROAD 80 4 32 $2,315
PARC CLEMATIS JALAN LEMPENG 1468 3 36 $1,872
URBAN TREASURES JALAN EUNOS 237 3 19 $2,055
PARKWOOD RESIDENCES YIO CHU KANG ROAD 18 2 2 $1,517
KI RESIDENCES AT BROOKVALE BROOKVALE DRIVE 660 2 23 $2,133
RYMDEN 77 LORONG H TELOK KURAU 31 1 1 $1,436
THE FLORENCE RESIDENCES HOUGANG AVENUE 2 1410 1 0 $1,559
CLAVON CLEMENTI AVENUE 1 640 1 0 $1,697
BAYWIND RESIDENCES LORONG N TELOK KURAU 24 1 10 $2,134
MONT BOTANIK RESIDENCE JALAN REMAJA 108 1 0 $1,586
PARKWOOD COLLECTION LORONG 1 REALTY PARK 53 0 3  –
K SUITES LORONG K TELOK KURAU 19 0 19  –
PHOENIX RESIDENCES PHOENIX AVENUE 74 0 4  –
PARC KOMO UPPER CHANGI ROAD NORTH 276 0 0  –
PIERMONT GRAND SUMANG WALK 820 0 0  –
THE JARDINE RESIDENCES LORONG CHUAN 6 0 6  –
CASA AL MARE JALAN LOYANG BESAR 49 0 0  –
RIVERFRONT RESIDENCES HOUGANG AVENUE 7 1472 0 6  –
AFFINITY AT SERANGOON SERANGOON NORTH AVENUE 1 1052 0 8  –
THE JOVELL FLORA DRIVE 428 0 0  –
77 @ EAST COAST UPPER EAST COAST ROAD 41 0 0  –
RESIDENCE TWENTY-TWO TELOK KURAU ROAD 22 0 0  –
INFINI AT EAST COAST EAST COAST ROAD 36 0 0  –
BURGHLEY DRIVE BURGHLEY DRIVE 5 0 0  –
SENGKANG GRAND RESIDENCES COMPASSVALE BOW 680 0 0  –
TEDGE CHANGI ROAD 42 0 0  –
MIDWOOD HILLVIEW RISE 564 0 0  –
PARC CANBERRA CANBERRA WALK 496 0 1  –
LANDED HOUSING DEVELOPMENT EAST COAST TERRACE 9 0 8  –
DAIRY FARM RESIDENCES DAIRY FARM LANE 460 0 1  –
OLA ANCHORVALE CRESCENT 548 0 0  –
POLLEN COLLECTION NIM ROAD/ANG MO KIO AVENUE 5 132 0 132  –
PARC CENTRAL RESIDENCES TAMPINES STREET 86 700 0 0  –
M SUITES LORONG MELAYU 16 0 0  –
PROVENCE RESIDENCE CANBERRA CRESCENT 413 0 0  –
PARC GREENWICH FERNVALE LANE 496 0 0  –
KOVAN JEWEL KOVAN ROAD 34 0 34  –
THE ARDEN PHOENIX ROAD 105 0 105  –
BELGRAVIA ACE BELGRAVIA DRIVE 107 0 25  –
SPRING WATERS VILLAS JALAN MATA AYER 6 0 5  –
WATERCOVE WAK HASSAN DRIVE 80 0 0  –
CASHEW GREEN CASHEW ROAD 19 0 2  –
TENET TAMPINES STREET 62 618 0 618  –
COPEN GRAND TENGAH GARDEN WALK 639 0 639  –

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.

Similar sentiments were felt over the last 2 years when the nation was affected by the COVID-19 pandemic.

However, prices remain strong in the new homes segment and the buying demand keeps increasing.

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 a real-time update on the condominium of your choice, you can always reach me via Whatsapp or drop me a note using the contact form below.

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

Register your interest to gain privileged information

Sending
You might also like
Comments
Loading...