List of Unsold Condo Units in Singapore 2021

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

40,836

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 April 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 February 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 Total Unsold
Units
Sales for Feb 21 Average Price (PSF)*
ROYALGREEN Freehold 285 188 9 $2,743
FOURTH AVENUE RESIDENCES 99 Yrs Leasehold 476 245 7 $2,334
KOPAR AT NEWTON 99 Yrs Leasehold 378 199 7 $2,367
THE AVENIR Freehold 376 309 7 $3,073
FYVE DERBYSHIRE Freehold 71 22 3 $2,324
MARTIN MODERN 99 Yrs From 28/09/2016 450 38 3 $2,800
PULLMAN RESIDENCES NEWTON Freehold 340 278 3 $2,772
LEEDON GREEN Freehold 638 536 2 $2,645
MIDTOWN BAY 99 Yrs Leasehold 219 157 2 $3,069
NEU AT NOVENA Freehold 87 15 2 $2,650
ONE HOLLAND VILLAGE RESIDENCES 99 Yrs Leasehold 296 163 2 $2,569
RV ALTITUDE Freehold 140 77 2 $3,103
THE HYDE Freehold 117 88 2 $2,929
THE M 99 Yrs Leasehold 522 109 2 $3,004
15 HOLLAND HILL Freehold 59 52 1 $3,002
BOULEVARD 88 Freehold 154 47 1 $3,735
HAUS ON HANDY 99 Yrs Leasehold 188 149 1 $2,867
JERVOIS TREASURES Freehold 36 34 1 $2,271
WILSHIRE RESIDENCES Freehold 85 70 1 $2,549

Unsold Condo Units in RCR

Project Name Tenure Total No. of Units Total Unsold
Units
Sales for Feb 21 Average Price (PSF$)*
THE REEF AT KING’S DOCK 99 Yrs 429 107 102 $2,226
NORMANTON PARK 99 Yrs 1862 1175 61 $1,800
AMBER PARK Freehold 592 321 20 $2,447
FORETT AT BUKIT TIMAH Freehold 633 278 14 $1,997
JADESCAPE 99 Yrs From 19/06/2018 1206 74 14 $1,769
PARK COLONIAL 99 Yrs From 11/10/2017 805 29 13 $1,929
AVENUE SOUTH RESIDENCE 99 Yrs Leasehold 1074 427 11 $2,141
ONE PEARL BANK 99 Yrs Leasehold 774 372 10 $2,358
VIEW AT KISMIS 99 Yrs Leasehold 186 26 10 $1,704
RIVIERE 99 Yrs Leasehold 455 350 7 $2,479
NYON Freehold 92 59 6 $2,198
STIRLING RESIDENCES 99 Yrs From 18/08/2017 1259 52 5 $2,148
UPTOWN @ FARRER 99 Yrs Leasehold 116 54 5 $1,823
DAINTREE RESIDENCE 99 Yrs From 17/07/2017 327 15 4 $1,733
KENT RIDGE HILL RESIDENCES 99 Yrs Leasehold 548 121 4 $1,557
PENROSE 99 Yrs Leasehold 566 143 4 $1,721
THE ANTARES 99 Yrs Leasehold 265 189 4 $1,838
VERTICUS Freehold 162 121 4 $2,124
ARENA RESIDENCES Freehold 98 2 3 $1,890
COASTLINE RESIDENCES Freehold 144 74 3 $2,378
MAYFAIR MODERN 99 Yrs Leasehold 171 60 3 $2,103
PARC ESTA 99 Yrs Leasehold 1399 15 3 $1,671
MEYER MANSION Freehold 200 147 2 $2,612
MEYERHOUSE Freehold 56 44 2 $2,570
OLLOI Freehold 34 7 2 $1,637
REZI 24 Freehold 110 4 2 $1,630
THE WOODLEIGH RESIDENCES 99 Yrs Leasehold 667 258 2 $2,116
JUI RESIDENCES Freehold 117 9 1 $1,926
MARGARET VILLE (Fully Sold) 99 Yrs 309 0 1 $1,937
SKY EVERTON Freehold 262 40 1 $2,634
THE TRE VER (Fully Sold) 99 Yrs From 27/03/2018 729 0 1 $1,653
VERDALE 99 Yrs Leasehold 258 193 1 $1,849

Unsold Condo Units in OCR

Project Name Tenure Total No. of Units Total Unsold
Units
Sales for Feb 21 Average Price (PSF$)*
PARC CENTRAL RESIDENCES 99 Yrs Leasehold 700 213 78 $1,159
TREASURE AT TAMPINES 99 Yrs Leasehold 2203 445 44 $1,376
MIDWOOD 99 Yrs Leasehold 564 440 25 $1,641
OLA 99 Yrs Leasehold 548 300 20 $1,152
KI RESIDENCES AT BROOKVALE 999 Yrs From 01/07/1841 660 405 19 $1,760
THE JOVELL 99 Yrs Leasehold 428 208 18 $1,252
PARC CLEMATIS 99 Yrs Leasehold 1468 375 17 $1,644
RIVERFRONT RESIDENCES 99 Yrs From 31/05/2018 1472 85 16 $1,369
THE FLORENCE RESIDENCES 99 Yrs From 24/12/2018 1410 432 16 $1,646
WHISTLER GRAND 99 Yrs Leasehold 716 30 16 $1,470
AFFINITY AT SERANGOON 99 Yrs From 18/05/2018 1052 162 13 $1,489
URBAN TREASURES Freehold 237 170 11 $1,939
SEASIDE RESIDENCES (Fully Sold) 99 Yrs From 18/04/2016 841 0 10 $2,040
KANDIS RESIDENCE 99 Yrs From 11/07/2016 130 2 8 $1,205
SENGKANG GRAND RESIDENCES 99 Yrs Leasehold 680 322 8 $1,704
DAIRY FARM RESIDENCES 99 Yrs Leasehold 460 394 7 $1,593
PIERMONT GRAND 99 Yrs Leasehold 820 102 7 $1,188
THE GARDEN RESIDENCES 99 Yrs From 30/10/2017 613 9 7 $1,626
PARC CANBERRA 99 Yrs Leasehold 496 25 6 $1,111
TWIN VEW 99 Yrs From 15/05/2017 520 10 6 $1,503
CLAVON 99 Yrs Leasehold 640 158 3 $1,579
PARC KOMO Freehold 276 135 3 $1,690
CASHEW GREEN 999 Yrs Leasehold 19 5 2 $1,988
INFINI AT EAST COAST Freehold 36 28 2 $1,725
MONT BOTANIK RESIDENCE Freehold 108 30 2 $1,727
RESIDENCE TWENTY-TWO Freehold 22 11 2 $1,778
THE ESSENCE 99 Yrs Leasehold 84 7 2 $1,439
BURGHLEY DRIVE Freehold 5 2 1 $1,837
[email protected] Freehold 14 13 1 $1,406
PARKWOOD COLLECTION 99 Yrs Leasehold 53 34 1 $692
TEDGE Freehold 42 24 1 $1,719
THE TAPESTRY (Fully Sold) 99 Yrs From 31/07/2017 861 0 1 $1,283

*  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!

Register your interest to gain privileged information

Sending
You might also like
Comments
Loading...