List of Unsold Condo Units in Singapore 2020

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.

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.

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 20 February 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 January 2020. 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 Jan 20	Average Price (PSF)
Leedon Green	Freehold	638	603	35	$2,782
The Avenir	Freehold	376	352	24	$3,245
Van Holland	Freehold	69	54	15	$2,988
One Holland Village Residences	99 Years	296	173	11	$2,810
Midtown Bay	99 Years	219	173	8	$2,820
RV Altitude	Freehold	140	98	6	$2,900
Martin Modern	99 Years	450	73	5	$2,603
NEU at Novena	Freehold	87	17	5	$2,620
RoyalGreen	Freehold	285	232	4	$2,707
Dunearn 386	Freehold	35	28	3	$2,463
The Hyde	Freehold	117	100	3	$2,746
Boulevard 88	Freehold	154	63	2	$3,645
Fyve Derbyshire	Freehold	71	50	2	$2,313
Haus on Handy	99 Years	188	156	2	$2,887
Parksuites	110 Years	119	95	2	$2,021
The Enclave . Holland	Freehold	26	12	2	$1,868
10 Evelyn	Freehold	56	51	1	$2,807
3 Cuscaden	Freehold	96	14	1	$3,446
Fourth Avenue Residences	99 Years	476	362	1	$2,296
Juniper Hill	Freehold	115	103	1	$2,742

Unsold Condo Units in RCR

Project Name	Tenure	Total No. of Units	Total Unsold Units	Sales for Oct 19	Average Price (PSF)
Jadescape	99 Years	1206	581	56	$1,690
Parc Esta	99 Years	1399	346	44	$1,684
Avenue South Residence	99 Years	1074	614	18	$2,028
View at Kismis	99 Years	186	117	16	$1,698
The Tre Ver	99 Years	729	68	15	$1,650
Artra	99 Years	400	19	14	$2,050
Sky Everton	Freehold	262	62	12	$2,636
Kent Ridge Hill Residences	99 Years	548	268	9	$1,729
The Woodleigh Residences	99 Years	667	475	9	$1,965
Amber Park	Freehold	592	393	8	$2,458
Margaret Ville	99 Years	309	22	7	$1,823
Stirling Residences	99 Years	1259	340	7	$1,986
Rezi 24	Freehold	110	60	6	$1,617
Meyer Mansion	Freehold	200	169	5	$2,686
Arena Residences	Freehold	98	26	4	$1,863
Daintree Residences	99 Years	327	246	4	$1,694
Mayfair Modern	99 Years	171	119	4	$2,087
Jui Residences	Freehold	117	39	3	$1,816
Riviere	99 Years	455	403	3	$2,734
Carpmael Thirty-Eight	Freehold	16	1	2	$1,513
Mayfair Gardens	99 Years	215	52	2	$2,024
One Pearl Bank	99 Years	774	519	2	$2,322
Queens Peak	99 Years	736	25	2	$1,677
Uptown @ Farrer	99 Years	116	93	2	$1,897
Amber 45	Freehold	139	24	1	$2,324
Coastline Residences	Freehold	144	115	1	$2,396
Olloi	Freehold	34	23	1	$1,733
Park Colonial	99 Years	805	97	1	$2,110
The Antares	99 Years	265	238	1	$1,550

Unsold Condo Units in OCR

Project Name	Tenure	Total No. of Units	Total Unsold Units	Sales for Oct 19	Average Price (PSF)
Treasure at Tampines	99 Years	2203	1282	50	$1,371
Parc Botannia	99 Years	735	27	39	$1,371
Parc Clematis	99 Years	1468	904	39	$1,610
Whistler Grand	99 Years	716	247	16	$1,440
The Florence Residences	99 Years	1401	840	12	$1,495
Riverfront Residences	99 Years	1472	252	11	$1,376
Affinity at Serangoon	99 Years	1052	388	10	$1,537
The Garden Residences	99 Years	613	367	8	$1,538
Sengkang Grand Residences	99 Years	680	442	5	$1,742
Kandis Residences	99 Years	130	36	4	$1,248
Le Quest	99 Years	516	61	4	$1,419
Midwood	99 Years	564	539	4	$1,641
The Jovell	99 Years	428	315	4	$1,274
The Tapestry	99 Years	861	157	3	$1,206
Casa Al Mare	Freehold	49	35	2	$1,580
Dairy Farm Residences	99 Years	460	423	2	$1,586
Parc Komo	Freehold	276	162	2	$1,549
Urban Treasures	Freehold	237	218	2	$1,965
Bukit 828	Freehold	34	17	1	$1,578
Cayman Residences (Landed)	Freehold	19	1	1	$2,409
Mont Botanik Residence	Freehold	108	58	1	$1,805
Nim Collection (Landed)	99 Years	98	12	1	$1,479
Residence Twenty-Two	Freehold	22	19	1	$1,672
Seaside Residences	99 Years	841	66	1	$1,962
The Essence	99 Years	84	60	1	$1,410
Twin Vew	99 Years	520	59	1	$1,546

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 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!