List of Unsold Condo Units in Singapore 2021

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

44,996

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 2021 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 August 2021), 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 June 2021. 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 Sales for Jun 21 Total Unsold
Units
Average Price (PSF)*
HYLL ON HOLLAND Freehold 319 87 224 $2,387
LEEDON GREEN Freehold 638 31 473 $2,608
FOURTH AVENUE RESIDENCES 99 Yrs Leasehold 476 12 189 $2,348
IRWELL HILL RESIDENCES 99 Yrs Leasehold 540 11 208 $2,707
MARTIN MODERN 99 Yrs From 28/09/2016 450 7 19 $2,897
MIDTOWN MODERN 99 Yrs Leasehold 558 7 174 $2,789
THE AVENIR Freehold 376 6 283 $3,097
JUNIPER HILL Freehold 115 5 90 $2,446
KOPAR AT NEWTON 99 Yrs Leasehold 378 5 186 $2,354
ROYALGREEN Freehold 285 5 166 $2,684
ONE BERNAM 99 Yrs Leasehold 351 4 270 $2,573
ONE HOLLAND VILLAGE RESIDENCES 99 Yrs Leasehold 296 4 156 $2,862
PULLMAN RESIDENCES NEWTON Freehold 340 4 253 $2,694
WILSHIRE RESIDENCES Freehold 85 4 57 $2,536
MIDTOWN BAY 99 Yrs Leasehold 219 2 152 $2,816
ONE TREE HILL COLLECTION Freehold 14 2 6 $3,140
PARK NOVA Freehold 54 2 40 $4,765
THE HYDE Freehold 117 2 84 $2,948
3 CUSCADEN Freehold 96 1 10 $4,213
DALVEY HAUS Freehold 17 1 13 $2,960
PETIT JERVOIS Freehold 55 1 48 $2,902
SLOANE RESIDENCES Freehold 52 1 41 $3,211
THE IVERIA Freehold 51 1 31 $2,578
THE M 99 Yrs Leasehold 522 1 70 $2,378


Unsold Condo Units in RCR

Project Name Tenure Total No. of Units Sales for Jun 21 Total Unsold
Units
Average Price (PSF)*
NORMANTON PARK 99 Yrs Leasehold 1862 62 939 $1,821
THE ANTARES 99 Yrs Leasehold 265 39 113 $1,836
AVENUE SOUTH RESIDENCE 99 Yrs Leasehold 1074 36 318 $2,209
AMBER PARK Freehold 592 32 184 $2,451
FORETT AT BUKIT TIMAH Freehold 633 20 204 $2,028
COASTLINE RESIDENCES Freehold 144 14 36 $2,444
KENT RIDGE HILL RESIDENCES 99 Yrs Leasehold 548 14 88 $1,771
THE WOODLEIGH RESIDENCES 99 Yrs Leasehold 667 14 206 $2,114
PENROSE 99 Yrs Leasehold 566 13 98 $1,638
VERDALE 99 Yrs Leasehold 258 11 158 $1,740
ONE PEARL BANK 99 Yrs Leasehold 774 10 325 $2,411
ONE-NORTH EDEN 99 Yrs Leasehold 165 8 10 $1,907
JADESCAPE 99 Yrs From 19/06/2018 1206 7 30 $1,716
THE REEF AT KING’S DOCK 99 Yrs Leasehold 429 6 62 $2,371
RIVIERE 99 Yrs Leasehold 455 5 323 $2,648
STIRLING RESIDENCES 99 Yrs From 18/08/2017 1259 5 9 $2,004
VERTICUS Freehold 162 5 110 $2,079
NYON Freehold 92 4 42 $2,440
THE LANDMARK 99 Yrs Leasehold 396 4 261 $2,253
MEYER MANSION Freehold 200 3 131 $2,581
MAYFAIR GARDENS 99 Yrs Leasehold 215 2 35 $2,031
MAYFAIR MODERN 99 Yrs Leasehold 171 2 47 $2,071
MEYERHOUSE Freehold 56 2 35 $2,513
OLLOI Freehold 34 2 1 $1,785
PARC ESTA 99 Yrs Leasehold 1399 2 3 $1,737
SKY EVERTON Freehold 262 2 31 $2,788
UPTOWN @ FARRER 99 Yrs Leasehold 116 2 20 $1,878
1953 Freehold 58 1 20 $1,946
JUI RESIDENCES Freehold 117 1 5 $1,934
ONE MEYER Freehold 66 1 31 $2,567


Unsold Condo Units in OCR

Project Name Tenure Total No. of Units Sales for Jun 21 Total Unsold
Units
Average Price (PSF)*
TREASURE AT TAMPINES 99 Yrs Leasehold 2203 80 186 $1,411
THE FLORENCE RESIDENCES 99 Yrs From 24/12/2018 1410 47 314 $1,661
MIDWOOD 99 Yrs Leasehold 564 46 306 $1,636
PARC CLEMATIS 99 Yrs Leasehold 1468 35 267 $1,666
OLA 99 Yrs Leasehold 548 29 214 $1,150
SENGKANG GRAND RESIDENCES 99 Yrs Leasehold 680 26 227 $1,693
PARC CENTRAL RESIDENCES 99 Yrs Leasehold 700 24 107 $1,189
KI RESIDENCES AT BROOKVALE 999 Yrs From 01/07/1841 660 20 275 $1,853
PROVENCE RESIDENCE 99 Yrs Leasehold 413 20 166 $1,140
AFFINITY AT SERANGOON 99 Yrs From 18/05/2018 1052 14 97 $1,572
DAIRY FARM RESIDENCES 99 Yrs Leasehold 460 14 340 $1,585
PIERMONT GRAND 99 Yrs Leasehold 820 14 44 $1,144
THE JOVELL 99 Yrs Leasehold 428 12 150 $1,275
URBAN TREASURES Freehold 237 11 144 $1,879
CLAVON 99 Yrs Leasehold 640 7 100 $1,593
PARC KOMO Freehold 276 6 122 $1,515
MONT BOTANIK RESIDENCE Freehold 108 4 15 $1,737
PARC CANBERRA 99 Yrs Leasehold 496 3 4 $1,088
RIVERFRONT RESIDENCES 99 Yrs From 31/05/2018 1472 3 29 $1,383
PARKWOOD COLLECTION 99 Yrs Leasehold 53 2 29 $785
TEDGE Freehold 42 2 20 $1,641
77 @ EAST COAST Freehold 41 1 19 $1,638
CASA AL MARE Freehold 49 1 17 $1,634
INFINI AT EAST COAST Freehold 36 1 26 $1,948
[email protected] Freehold 14 1 4 $1,703
LATTICE ONE Freehold 48 1 15 $1,858
RESIDENCE TWENTY-TWO Freehold 22 1 9 $1,716
THE LILIUM Freehold 80 1 78 $1,800
WHISTLER GRAND 99 Yrs Leasehold 716 1 5 $1,601

*  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 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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