List of Unsold Condo Units in Singapore 2022

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.

 

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.

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 29 June 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 May 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 May 22	Total Unsold Units	Average Price (PSF)*
HAUS ON HANDY	HANDY ROAD	188	24	90	$2,682
LEEDON GREEN	LEEDON HEIGHTS	638	19	247	$2,787
HYLL ON HOLLAND	HOLLAND ROAD	319	18	180	$2,631
IRWELL HILL RESIDENCES	IRWELL HILL	540	18	83	$2,815
PERFECT TEN	BUKIT TIMAH ROAD	230	18	192	$2,861
THE AVENIR	RIVER VALLEY CLOSE	376	15	102	$3,270
FOURTH AVENUE RESIDENCES	FOURTH AVENUE	476	13	26	$2,552
KOPAR AT NEWTON	MAKEWAY AVENUE	378	13	88	$2,625
ONE BERNAM	BERNAM STREET	351	10	248	$2,340
JUNIPER HILL	EWE BOON ROAD	115	8	54	$2,855
ONE HOLLAND VILLAGE RESIDENCES	HOLLAND VILLAGE WAY	296	7	121	$2,782
PULLMAN RESIDENCES NEWTON	DUNEARN ROAD	340	7	195	$2,961
15 HOLLAND HILL	HOLLAND HILL	57	6	10	$3,056
ROYALGREEN	ANAMALAI AVENUE	285	5	69	$2,817
35 GILSTEAD	GILSTEAD ROAD	70	4	16	$2,601
MIDTOWN MODERN	TAN QUEE LAN STREET	558	4	137	$2,804
THE HYDE	BALMORAL ROAD	117	3	51	$2,998
WILSHIRE RESIDENCES	FARRER ROAD	85	3	36	$2,704
10 EVELYN	EVELYN ROAD	56	2	44	$2,540
FYVE DERBYSHIRE	DERBYSHIRE ROAD	71	2	13	$2,638
MIDTOWN BAY	BEACH ROAD	219	2	135	$3,043
PARK NOVA	TOMLINSON ROAD	54	2	17	$4,635
PEAK RESIDENCE	THOMSON ROAD	90	2	69	$2,381
PETIT JERVOIS	JERVOIS ROAD	55	2	36	$2,709
SLOANE RESIDENCES	BALMORAL ROAD	52	2	28	$2,968
THE M	MIDDLE ROAD	522	2	38	$2,783
GRANGE 1866	GRANGE ROAD	60	1	51	$3,007
KLIMT CAIRNHILL	CAIRNHILL ROAD	138	1	131	$3,826
LES MAISONS NASSIM	NASSIM ROAD	14	1	4	$6,073
THE IVERIA	KIM YAM ROAD	51	1	2	$2,551
VAN HOLLAND	HOLLAND ROAD	69	1	43	$2,770

Unsold Condo Units in RCR

Project Name	Street Name	Total No. of Units	Sales for May 22	Total Unsold Units	Average Price (PSF)*
PICCADILLY GRAND	NORTHUMBERLAND ROAD	407	318	89	$2,175
LIV @ MB	ARTHUR ROAD	298	236	62	$2,405
NORMANTON PARK	NORMANTON PARK	1862	40	28	$1,889
AVENUE SOUTH RESIDENCE	SILAT AVENUE	1074	36	39	$2,384
CANNINGHILL PIERS	CLARKE QUAY	696	29	57	$2,814
MEYER MANSION	MEYER ROAD	200	26	40	$2,689
RIVIERE	JIAK KIM STREET	455	24	181	$2,779
VERTICUS	JALAN KEMAMAN	162	24	10	$2,231
THE WOODLEIGH RESIDENCES	BIDADARI PARK DRIVE	667	19	25	$2,199
ATLASSIA	JOO CHIAT PLACE	31	17	14	$2,082
FORETT AT BUKIT TIMAH	TOH TUCK ROAD	633	14	53	$2,058
MYRA	MEYAPPA CHETTIAR ROAD	85	13	28	$2,310
ONE PEARL BANK	PEARL BANK	774	13	147	$2,584
THE LANDMARK	CHIN SWEE ROAD	396	13	232	$2,262
AMBER PARK	AMBER GARDENS	592	11	24	$2,537
BARTLEY VUE	JALAN BUNGA RAMPAI	115	11	72	$1,910
MAYFAIR MODERN	RIFLE RANGE ROAD	171	8	13	$2,252
MORI	GUILLEMARD ROAD	137	7	35	$1,806
MAYFAIR GARDENS	RIFLE RANGE ROAD	215	5	6	$2,058
SKY EVERTON	EVERTON ROAD	262	5	4	$2,850
KENT RIDGE HILL RESIDENCES	SOUTH BUONA VISTA ROAD	548	4	17	$1,684
VERDALE	DE SOUZA AVENUE	258	3	0	$1,887
1953	TESSENSOHN ROAD	58	2	11	$2,069
JADESCAPE	SHUNFU ROAD	1206	2	9	$1,807
MEYERHOUSE	MEYER ROAD	56	2	11	$2,636
NYON	AMBER ROAD	92	2	1	$2,116
ONE MEYER	MEYER PLACE	66	2	5	$2,620
THE REEF AT KING’S DOCK	HARBOURFRONT AVENUE	429	2	41	$2,533
THE CARRARA	MOUNTBATTEN ROAD	6	1	4	$3,003
LA MARIPOSA	MANGIS ROAD	17	1	0	$1,909
ROYAL HALLMARK	HAIG LANE	32	1	20	$1,933
THE ANTARES	MATTAR ROAD	265	1	0	$1,894
ZYANYA	LORONG 25A GEYLANG	34	1	27	$1,734

Unsold Condo Units in OCR

Project Name	Street Name	Total No. of Units	Sales for May 22	Total Unsold Units	Average Price (PSF)*
THE FLORENCE RESIDENCES	HOUGANG AVENUE 2	1410	40	31	$1,786
THE GAZANIA	HOW SUN DRIVE	250	33	135	$2,241
KI RESIDENCES AT BROOKVALE	BROOKVALE DRIVE	660	26	53	$2,034
URBAN TREASURES	JALAN EUNOS	237	23	53	$2,004
THE WATERGARDENS AT CANBERRA	CANBERRA DRIVE	448	20	59	$1,435
MIDWOOD	HILLVIEW RISE	564	18	0	$1,642
PARC CLEMATIS	JALAN LEMPENG	1468	12	62	$1,811
CLAVON	CLEMENTI AVENUE 1	640	9	4	$1,706
PARC KOMO	UPPER CHANGI ROAD NORTH	276	9	4	$1,798
THE LILIUM	HOW SUN ROAD	80	9	44	$2,114
PHOENIX RESIDENCES	PHOENIX AVENUE	74	7	27	$1,583
RYMDEN 77	LORONG H TELOK KURAU	31	7	5	$1,811
BAYWIND RESIDENCES	LORONG N TELOK KURAU	24	6	18	$2,012
THE COMMODORE	CANBERRA DRIVE	219	6	43	$1,478
AFFINITY AT SERANGOON	SERANGOON NORTH AVENUE 1	1052	4	9	$1,536
PASIR RIS 8	PASIR RIS DRIVE 8	487	3	49	$1,671
PARKWOOD COLLECTION	LORONG 1 REALTY PARK	53	3	13	$785
77 @ EAST COAST	UPPER EAST COAST ROAD	41	2	1	$1,818
INFINI AT EAST COAST	EAST COAST ROAD	36	2	1	$2,003
M SUITES	LORONG MELAYU	16	2	1	$1,635
PARKWOOD RESIDENCES	YIO CHU KANG ROAD	18	2	10	$1,615
SENGKANG GRAND RESIDENCES	COMPASSVALE BOW	680	2	2	$1,823
SPRING WATERS VILLAS	JALAN MATA AYER	6	1	5	$1,710

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!