List of Unsold Condo Units in Singapore 2022

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

51,479

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 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!

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