List of Unsold Condo Units in Singapore 2023

To date, there are only 16,024 unsold condo units in Singapore.

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 46,041 by the end of Q4 2022.

In Q3 2022, the number was 49,384 – which means 3,343 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 Q4 2022, the number of unsold condo units tallies up to only 16,024  – which is up from the 15,677 units recorded in the previous quarter.

In short, only 347 units were added within a span of 3 months. Honestly. that’s not a lot.

If you were to include the number of unsold executive condo units as well, here’s how the supply numbers will look for the next couple of years.

Unsold Condo Units in Singapore 4Q2022
Total Number of Unsold Condo Units in Singapore till 2026
Expected Year of
Completion
Private Residential
Units
Executive
Condominiums
Total
Units
2023 17,427 1,864 19,291
2024 11,215 1,609 12,824
2025 9,405 639 10,044
2026 7,702 1,608 9,310
> 2026 6,952 1,676 8,628
Total 47,715 4,718 56,803

Learning from historical trends

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.

Let’s look at the latest chart provided by URA.

Total Number of Unsold Condo Units in the Pipeline till Q4 2022

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), which technically is the current market situation.

Based on the rightful trend, we should have seen a huge influx of land sales and en bloc sales between 2021 to 2022.

It did look like we will repeat the 2017 – 2018 frenzy until the Singapore government stepped in with property cooling measures in Dec 2021.

Otherwise, we would be seeing many more unsold condo units projected for 2023 and 2024.

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’ old stock of unsold condo units in Singapore.

The list of unsold condo units in Singapore 

With an impending surge of new private homes in Singapore this year, I’ve prepared a list of unsold condo units in Singapore for 2023 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 28 February 2023), 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 2023. 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 Jan 23 Total Unsold
Units
Average Price (PSF)*
LEEDON GREEN LEEDON HEIGHTS 638 21 115 $2,957
KLIMT CAIRNHILL CAIRNHILL ROAD 138 17 113 $3,784
ONE HOLLAND VILLAGE RESIDENCES HOLLAND VILLAGE WAY 296 16 47 $2,791
HAUS ON HANDY HANDY ROAD 188 11 21 $2,746
PERFECT TEN BUKIT TIMAH ROAD 230 11 43 $3,168
WILSHIRE RESIDENCES FARRER ROAD 85 10 11 $2,716
CAIRNHILL 16 CAIRNHILL RISE 39 8 29 $2,675
HYLL ON HOLLAND HOLLAND ROAD 319 8 68 $2,788
PULLMAN RESIDENCES NEWTON DUNEARN ROAD 340 8 120 $3,092
MIDTOWN MODERN TAN QUEE LAN STREET 558 6 85 $2,920
PEAK RESIDENCE THOMSON ROAD 90 6 39 $2,553
SLOANE RESIDENCES BALMORAL ROAD 52 5 0 $2,598
IRWELL HILL RESIDENCES IRWELL HILL 540 3 31 $2,999
ONE BERNAM BERNAM STREET 351 3 207 $2,480
VAN HOLLAND HOLLAND ROAD 69 3 25 $2,931
19 NASSIM NASSIM HILL 101 2 95 $3,846
JERVOIS PRIVE JERVOIS ROAD 43 2 38 $2,902
KOPAR AT NEWTON MAKEWAY AVENUE 378 2 28 $2,436
MIDTOWN BAY BEACH ROAD 219 2 124 $3,237
THE ATELIER MAKEWAY AVENUE 120 2 98 $2,814
THE M MIDDLE ROAD 522 2 24 $3,190
10 EVELYN EVELYN ROAD 56 1 36 $2,756
BOULEVARD 88 ORCHARD BOULEVARD 154 1 19 $3,882
DALVEY HAUS DALVEY ROAD 17 1 12 $3,493
GRANGE 1866 GRANGE ROAD 60 1 48 $3,145
HILL HOUSE INSTITUTION HILL 72 1 58 $3,022
MOOI RESIDENCES HOLLAND ROAD 24 1 1 $2,568
NEU AT NOVENA MOULMEIN RISE 87 1 6 $2,970
PARK NOVA TOMLINSON ROAD 54 1 7 $4,642
PARKSUITES HOLLAND GROVE ROAD 119 1 89 $2,173
THE AVENIR RIVER VALLEY CLOSE 376 1 38 $3,162
15 HOLLAND HILL HOLLAND HILL 57 0 5  –
35 GILSTEAD GILSTEAD ROAD 70 0 2  –
ASPEN LINQ INSTITUTION HILL 18 0 1  –
CUSCADEN RESERVE CUSCADEN ROAD 192 0 182  –
DUNEARN 386 DUNEARN ROAD 35 0 0  –
ENCHANTE EVELYN ROAD 25 0 23  –
FOURTH AVENUE RESIDENCES FOURTH AVENUE 476 0 0  –
FYVE DERBYSHIRE DERBYSHIRE ROAD 71 0 0  –
IKIGAI SHREWSBURY ROAD 16 0 11  –
JERVOIS MANSION JERVOIS CLOSE 130 0 26  –
JERVOIS TREASURES JERVOIS ROAD 36 0 34  –
LES MAISONS NASSIM NASSIM ROAD 14 0 3  –
ONE DRAYCOTT DRAYCOTT PARK 64 0 51  –
RESIDENTIAL APARTMENTS SHENTON WAY 215 0 215  –
RESIDENTIAL APARTMENTS CAIRNHILL RISE 75 0 75  –
[email protected] SURREY ROAD 38 0 38  –
SOPHIA REGENCY SOPHIA ROAD 38 0 38  –
THE HYDE BALMORAL ROAD 117 0 2  –
THE IVERIA KIM YAM ROAD 51 0 0  –
BOTANIC @ CLUNY PARK CLUNY PARK ROAD 6 0 3  –

Unsold Condo Units in RCR

Project Name Street Name Total No. of Units Sales for Jan 23 Total Unsold
Units
Average Price (PSF)*
RIVIERE JIAK KIM STREET 455 13 34 $3,087
THE LANDMARK CHIN SWEE ROAD 396 10 179 $2,555
LIV @ MB ARTHUR ROAD 298 6 44 $2,529
ONE PEARL BANK PEARL BANK 774 4 66 $2,587
FORETT AT BUKIT TIMAH TOH TUCK ROAD 633 3 10 $2,298
1953 TESSENSOHN ROAD 58 2 0 $1,859
BARTLEY VUE JALAN BUNGA RAMPAI 115 2 37 $1,876
THE REEF AT KING’S DOCK HARBOURFRONT AVENUE 429 2 30 $2,608
AMBER PARK AMBER GARDENS 592 1 10 $2,784
ATLASSIA JOO CHIAT PLACE 31 1 10 $2,036
CANNINGHILL PIERS CLARKE QUAY 696 1 20 $3,002
MORI GUILLEMARD ROAD 137 1 12 $1,835
PICCADILLY GRAND NORTHUMBERLAND ROAD 407 1 62 $1,801
ROYAL HALLMARK HAIG LANE 32 1 12 $1,999
AMBER SEA AMBER GARDENS 132 0 132  –
AVENUE SOUTH RESIDENCE SILAT AVENUE 1074 0 0  –
CLAYDENCE STILL ROAD/KOON SENG ROAD 28 0 28  –
COASTLINE RESIDENCES AMBER ROAD 144 0 0  –
GEMS VILLE LORONG 13 GEYLANG 24 0 24  –
JADESCAPE SHUNFU ROAD 1206 0 0  –
LAVENDER RESIDENCE LAVENDER STREET 17 0 17  –
MATTAR RESIDENCES MATTAR ROAD 26 0 26  –
MAYFAIR GARDENS RIFLE RANGE ROAD 215 0 1  –
MAYFAIR MODERN RIFLE RANGE ROAD 171 0 0  –
MEYER MANSION MEYER ROAD 200 0 9  –
MYRA MEYAPPA CHETTIAR ROAD 85 0 21  –
NYON AMBER ROAD 92 0 0  –
ONE MEYER MEYER PLACE 66 0 0  –
PARK COLONIAL WOODLEIGH LANE 805 0 5  –
SERAYA RESIDENCES SERAYA LANE 17 0 3  –
SKY EVERTON EVERTON ROAD 262 0 1  –
SUNSTONE HILL BALMEG HILL 28 0 28  –
TEMBUSU GRAND JALAN TEMBUSU 638 0 638  –
TERRA HILL YEW SIANG ROAD 270 0 270  –
THE WOODLEIGH RESIDENCES BIDADARI PARK DRIVE 667 0 0  –
UPTOWN @ FARRER PERUMAL ROAD 116 0 1  –
VERTICUS JALAN KEMAMAN 162 0 0  –
ZYANYA LORONG 25A GEYLANG 34 0 14  –
KENT RIDGE HILL RESIDENCES SOUTH BUONA VISTA ROAD 548 0 3  –
NORMANTON PARK NORMANTON PARK 1862 0 0  –

Unsold Condo Units in OCR

Project Name Street Name Total No. of Units Sales for Jan 23 Total Unsold
Units
Average Price (PSF)*
SCENECA RESIDENCE TANAH MERAH KECHIL LINK 268 157 111 $2,083
TENET TAMPINES STREET 62 618 145 28 $1,388
THE GAZANIA HOW SUN DRIVE 250 9 32 $2,306
COPEN GRAND TENGAH GARDEN WALK 639 8 0 $1,408
PARC CLEMATIS JALAN LEMPENG 1468 7 21 $1,801
NORTH GAIA YISHUN CLOSE 616 6 403 $1,253
SKY [email protected] BEDOK CENTRAL 158 2 34 $2,072
THE COMMODORE CANBERRA DRIVE 219 2 7 $1,471
THE LILIUM HOW SUN ROAD 80 2 23 $2,255
URBAN TREASURES JALAN EUNOS 237 2 13 $2,060
BAYWIND RESIDENCES LORONG N TELOK KURAU 24 1 6 $2,080
KOVAN JEWEL KOVAN ROAD 34 1 29 $2,126
THE WATERGARDENS AT CANBERRA CANBERRA DRIVE 448 1 4 $1,498
PARC CANBERRA CANBERRA WALK 496 0 1  –
PARC CENTRAL RESIDENCES TAMPINES STREET 86 700 0 0  –
PARC GREENWICH FERNVALE LANE 496 0 1  –
PIERMONT GRAND SUMANG WALK 820 0 0  –
PROVENCE RESIDENCE CANBERRA CRESCENT 413 0 0  –
77 @ EAST COAST UPPER EAST COAST ROAD 41 0 0  –
AMO RESIDENCE ANG MO KIO RISE 372 0 5  –
CASA AL MARE JALAN LOYANG BESAR 49 0 0  –
CLAVON CLEMENTI AVENUE 1 640 0 0  –
DAIRY FARM RESIDENCES DAIRY FARM LANE 460 0 1  –
INFINI AT EAST COAST EAST COAST ROAD 36 0 0  –
K SUITES LORONG K TELOK KURAU 19 0 19  –
KI RESIDENCES AT BROOKVALE BROOKVALE DRIVE 660 0 23  –
LENTOR MODERN LENTOR CENTRAL 605 0 84  –
M SUITES LORONG MELAYU 16 0 0  –
MONT BOTANIK RESIDENCE JALAN REMAJA 108 0 0  –
PARC KOMO UPPER CHANGI ROAD NORTH 276 0 0  –
PARKWOOD RESIDENCES YIO CHU KANG ROAD 18 0 0  –
PASIR RIS 8 PASIR RIS DRIVE 8 487 0 24  –
PHOENIX RESIDENCES PHOENIX AVENUE 74 0 4  –
RESIDENCE TWENTY-TWO TELOK KURAU ROAD 22 0 0  –
RYMDEN 77 LORONG H TELOK KURAU 31 0 1  –
SENGKANG GRAND RESIDENCES COMPASSVALE BOW 680 0 0  –
THE ARDEN PHOENIX ROAD 105 0 105  –
THE BOTANY AT DAIRY FARM DAIRY FARM WALK 386 0 386  –
THE FLORENCE RESIDENCES HOUGANG AVENUE 2 1410 0 0  –
BELGRAVIA ACE BELGRAVIA DRIVE 107 0 25  –
PARKWOOD COLLECTION LORONG 1 REALTY PARK 53 0 0  –
AFFINITY AT SERANGOON SERANGOON NORTH AVENUE 1 1052 0 8  –
RIVERFRONT RESIDENCES HOUGANG AVENUE 7 1472 0 1  –

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.

In my opinion, there’s absolutely no rush to buy into the new launch property market right now.

This is because we are expecting more projects to be released in 2023 & 2024, and I believe they will be listed for sale at very competitive price points due to supply in the market.

Hence, you can take your time within these 2 years to pick the right one that suits your needs as it is the most ideal window to purchase a new launch condo.

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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