List of Unsold Condo Units in Singapore 2020

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

21,507

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 point 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 20 February 2020), 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 January 2020. 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 Tenure Total No. of Units Total Unsold Units Sales for Jan 20 Average Price (PSF)
Leedon Green Freehold 638 603 35 $2,782
The Avenir Freehold 376 352 24 $3,245
Van Holland Freehold 69 54 15 $2,988
One Holland Village Residences 99 Years 296 173 11 $2,810
Midtown Bay 99 Years 219 173 8 $2,820
RV Altitude Freehold 140 98 6 $2,900
Martin Modern 99 Years 450 73 5 $2,603
NEU at Novena Freehold 87 17 5 $2,620
RoyalGreen Freehold 285 232 4 $2,707
Dunearn 386 Freehold 35 28 3 $2,463
The Hyde Freehold 117 100 3 $2,746
Boulevard 88 Freehold 154 63 2 $3,645
Fyve Derbyshire Freehold 71 50 2 $2,313
Haus on Handy 99 Years 188 156 2 $2,887
Parksuites 110 Years 119 95 2 $2,021
The Enclave . Holland Freehold 26 12 2 $1,868
10 Evelyn Freehold 56 51 1 $2,807
3 Cuscaden Freehold 96 14 1 $3,446
Fourth Avenue Residences 99 Years 476 362 1 $2,296
Juniper Hill Freehold 115 103 1 $2,742

Unsold Condo Units in RCR

Project Name Tenure Total No. of Units Total Unsold Units Sales for Oct 19 Average Price (PSF)
Jadescape 99 Years 1206 581 56 $1,690
Parc Esta 99 Years 1399 346 44 $1,684
Avenue South Residence 99 Years 1074 614 18 $2,028
View at Kismis 99 Years 186 117 16 $1,698
The Tre Ver 99 Years 729 68 15 $1,650
Artra 99 Years 400 19 14 $2,050
Sky Everton Freehold 262 62 12 $2,636
Kent Ridge Hill Residences 99 Years 548 268 9 $1,729
The Woodleigh Residences 99 Years 667 475 9 $1,965
Amber Park Freehold 592 393 8 $2,458
Margaret Ville 99 Years 309 22 7 $1,823
Stirling Residences 99 Years 1259 340 7 $1,986
Rezi 24 Freehold 110 60 6 $1,617
Meyer Mansion Freehold 200 169 5 $2,686
Arena Residences Freehold 98 26 4 $1,863
Daintree Residences 99 Years 327 246 4 $1,694
Mayfair Modern 99 Years 171 119 4 $2,087
Jui Residences Freehold 117 39 3 $1,816
Riviere 99 Years 455 403 3 $2,734
Carpmael Thirty-Eight Freehold 16 1 2 $1,513
Mayfair Gardens 99 Years 215 52 2 $2,024
One Pearl Bank 99 Years 774 519 2 $2,322
Queens Peak 99 Years 736 25 2 $1,677
Uptown @ Farrer 99 Years 116 93 2 $1,897
Amber 45 Freehold 139 24 1 $2,324
Coastline Residences Freehold 144 115 1 $2,396
Olloi Freehold 34 23 1 $1,733
Park Colonial 99 Years 805 97 1 $2,110
The Antares 99 Years 265 238 1 $1,550

Unsold Condo Units in OCR

Project Name Tenure Total No. of Units Total Unsold Units Sales for Oct 19 Average Price (PSF)
Treasure at Tampines 99 Years 2203 1282 50 $1,371
Parc Botannia 99 Years 735 27 39 $1,371
Parc Clematis 99 Years 1468 904 39 $1,610
Whistler Grand 99 Years 716 247 16 $1,440
The Florence Residences 99 Years 1401 840 12 $1,495
Riverfront Residences 99 Years 1472 252 11 $1,376
Affinity at Serangoon 99 Years 1052 388 10 $1,537
The Garden Residences 99 Years 613 367 8 $1,538
Sengkang Grand Residences 99 Years 680 442 5 $1,742
Kandis Residences 99 Years 130 36 4 $1,248
Le Quest 99 Years 516 61 4 $1,419
Midwood 99 Years 564 539 4 $1,641
The Jovell 99 Years 428 315 4 $1,274
The Tapestry 99 Years 861 157 3 $1,206
Casa Al Mare Freehold 49 35 2 $1,580
Dairy Farm Residences 99 Years 460 423 2 $1,586
Parc Komo Freehold 276 162 2 $1,549
Urban Treasures Freehold 237 218 2 $1,965
Bukit 828 Freehold 34 17 1 $1,578
Cayman Residences (Landed) Freehold 19 1 1 $2,409
Mont Botanik Residence Freehold 108 58 1 $1,805
Nim Collection (Landed) 99 Years 98 12 1 $1,479
Residence Twenty-Two Freehold 22 19 1 $1,672
Seaside Residences 99 Years 841 66 1 $1,962
The Essence 99 Years 84 60 1 $1,410
Twin Vew 99 Years 520 59 1 $1,546

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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