List of Unsold Condo Units in Singapore 2020

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

34,442

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 25 June 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 May2020. 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 May 20 Average Price (PSF)*
KOPAR AT NEWTON 99 Yrs Leasehold 378 280 16 $2,307
FOURTH AVENUE RESIDENCES 99 Yrs Leasehold 476 354 7 $2,163
MARTIN MODERN 99 Yrs From 28/09/2016 450 63 7 $2,579
NEU AT NOVENA Freehold 87 19 4 $2,675
LEEDON GREEN Freehold 638 595 1 $2,620
DUNEARN 386 Freehold 35 27 1 $2,439
HAUS ON HANDY 99 Yrs Leasehold 188 154 1 $2,866
3 CUSCADEN Freehold 96 13 1 $3,614
35 GILSTEAD Freehold 70 41 1 $2,606
VAN HOLLAND Freehold 69 54 1 $2,981
PULLMAN RESIDENCES, NEWTON Freehold 340 332 1 $2,608
THE M 99 Yrs Leasehold 522 138 0 $2,477
MIDTOWN BAY 99 Yrs Leasehold 219 169 0 $2,860
BOULEVARD 88 Freehold 154 60 0 $3,713
15 HOLLAND HILL Freehold 59 58 0 $2,692
FYVE DERBYSHIRE Freehold 71 47 0 $2,381
ROYALGREEN Freehold 285 229 0 $2,707
120 GRANGE Freehold 56 10 0 $3,234
19 NASSIM Freehold 101 100 0 $3,351
THE AVENIR Freehold 376 358 0 $2,973
THE HYDE Freehold 117 101 0 $2,604

Unsold Condo Units in RCR

Project Name Tenure Total No. of Units Total Unsold Units Sales for May 20 Average Price (PSF)*
PARC ESTA 99 Yrs Leasehold 1399 185 45 $1,680
JADESCAPE 99 Yrs Leasehold 1206 428 27 $1,733
STIRLING RESIDENCES 99 Yrs Leasehold 1259 279 22 $1,910
VIEW AT KISMIS 99 Yrs Leasehold 186 89 13 $1,681
AVENUE SOUTH RESIDENCE 99 Yrs Leasehold 1074 594 13 $2,026
KENT RIDGE HILL RESIDENCES 99 Yrs Leasehold 548 229 12 $1,657
THE WOODLEIGH RESIDENCES 99 Yrs Leasehold 667 460 9 $1,794
DAINTREE RESIDENCE 99 Yrs Leasehold 327 219 7 $1,665
COASTLINE RESIDENCES Freehold 144 107 6 $2,345
THE TRE VER 99 Yrs Leasehold 729 43 5 $1,605
ONE PEARL BANK 99 Yrs Leasehold 774 507 5 $2,573
JUI RESIDENCES Freehold 117 31 4 $1,733
THE ANTARES 99 Yrs Leasehold 265 227 4 $1,658
REZI 24 Freehold 110 49 3 $1,587
MARGARET VILLE 99 Yrs Leasehold 309 6 2 $1,799
ARTRA 99 Yrs Leasehold 400 5 2 $1,985
ARENA RESIDENCES Freehold 98 20 2 $1,877
QUEENS PEAK 99 Yrs Leasehold 736 14 2 $1,723
UPTOWN @ FARRER 99 Yrs Leasehold 116 87 2 $1,787
AMBER PARK Freehold 592 387 1 $2,446
PARK COLONIAL 99 Yrs Leasehold 805 87 1 $1,744
VERTICUS Freehold 162 152 1 $1,997
SKY EVERTON Freehold 262 57 1 $2,501
MAYFAIR MODERN 99 Yrs Leasehold 171 103 0 $1,912
MAYFAIR GARDENS 99 Yrs Leasehold 215 49 0 $2,025
RIVIERE 99 Yrs Leasehold 455 400 0 $2,638
OLLOI Freehold 34 20 0 $1,669
AMBER 45 Freehold 139 21 0 $2,120
BIJOU Freehold 120 34 0 $2,008

Unsold Condo Units in OCR

Project Name Tenure Total No. of Units Total Unsold Units Sales for May 20 Average Price (PSF)*
TREASURE AT TAMPINES 99 Yrs Leasehold 2203 1038 56 $1,360
PARC CLEMATIS 99 Yrs Leasehold 1468 795 55 $1,599
THE FLORENCE RESIDENCES 99 Yrs Leasehold 1410 746 54 $1,513
THE TAPESTRY 99 Yrs Leasehold 861 100 23 $1,325
AFFINITY AT SERANGOON 99 Yrs Leasehold 1052 334 21 $1,565
PIERMONT GRAND 99 Yrs Leasehold 820 294 17 $1,128
THE GARDEN RESIDENCES 99 Yrs Leasehold 613 322 11 $1,611
WHISTLER GRAND 99 Yrs Leasehold 716 214 9 $1,476
RIVERFRONT RESIDENCES 99 Yrs Leasehold 1472 194 7 $1,359
PARC CANBERRA 99 Yrs Leasehold 496 140 5 $1,125
THE ESSENCE 99 Yrs Leasehold 84 49 3 $1,394
SENGKANG GRAND RESIDENCES 99 Yrs Leasehold 680 441 3 $1,798
KANDIS RESIDENCE 99 Yrs Leasehold 130 28 2 $1,278
THE JOVELL 99 Yrs Leasehold 428 310 2 $1,280
SEASIDE RESIDENCES 99 Yrs Leasehold 841 54 2 $1,986
BUKIT 828 Freehold 34 10 2 $1,551
BELGRAVIA GREEN Freehold 81 6 1 $874
CASA AL MARE Freehold 49 34 1 $1,619
CASHEW GREEN 999 Yrs Leasehold 19 12 1 $2,066
URBAN TREASURES Freehold 237 215 1 $1,858
PARC KOMO Freehold 276 161 1 $1,441
OLA 99 Yrs Leasehold 548 371 1 $1,181
DAIRY FARM RESIDENCES 99 Yrs Leasehold 460 422 1 $1,355
MONT BOTANIK RESIDENCE Freehold 108 49 0 $1,721
RESIDENCE TWENTY-TWO Freehold 22 19 0 $1,632
GRANDEUR PARK RESIDENCES 99 Yrs Leasehold 720 15 0 $1,526
NIM COLLECTION 99 Yrs Leasehold 98 7 0 $1,777
BURGHLEY DRIVE Freehold 5 4 0 $2,008
LE QUEST 99 Yrs Leasehold 516 43 0 $1,399
TEDGE Freehold 42 34 0 $1,596
77 @ EAST COAST Freehold 41 38 0 $1,731
LATTICE ONE Freehold 48 19 0 $1,843
TWIN VEW 99 Yrs Leasehold 520 53 0 $1,516
MIDWOOD 99 Yrs Leasehold 564 536 0 $1,626

*  If no sales record for the month, the value will be based on the previous month.

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 a 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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