Here are Singapore’s new residential launches in Q1 by region

New launches more than doubled YoY to 3,139 units in Q1.

According to a Savills report, following the strong rebound in launches in the last quarter of 2024, the number of launched units in Singapore tapered off in Q1/2025, declining 8.4% QoQ to 3,139 units. This is likely due to the Chinese New Year festive period. Nevertheless, despite the QoQ decline, the figure was still more than twice the 1,304 units launched in the same period a year ago.

“While the number of launched units contracted for both the Core Central Region (CCR) and the Rest of Central Region (RCR), launches in the Outside Central Region (OCR) surged from 1,324 units in Q4/2024 to 2,284 units in Q1/2025. However, launches in CCR and RCR fell 78.7% and 55.2% QoQ to 78 units and 777 units respectively in the quarter. Hence, across the market segments, launches in OCR comprised the largest proportion, amounting to 72.8% of total new launches in the quarter. This was followed by the RCR (24.8%) and the CCR (2.5%) respectively,” the report added.

Here’s more from Savills:

The number of new launches in the quarter by region was quite similar to that in the previous quarter, with most of the projects located in the OCR. The bigger developments generally registered strong take-up in the first week of launch. The project that recorded the highest take-up rate in the first quarter of 2025 was Lentor Central Residences, where 95.2% of the 477 units were sold at an average price of S$2,204 psf. The strong take up was likely due to the pricing being relatively attractive in comparison to the other new launches in the suburban areas.

For this project, by bedroom types, the one-bedroom units were fully sold and the next unit type that recorded the highest take-up rate was the three-bedroom units, with 103 of the 106 units sold (97.2% of the three-bedroom units) in the quarter. 92 of the 106 four-bedroom units were sold, translating to a take-up of 86.8%. Surprisingly, while the smaller one- and two-bedroom units are usually the ones that are the first to sell out, this was not the case for Lentor Central Residences, with 32 two-bedroom units remaining unsold, working out to the lowest take-up rate of 84.8% among all the four unit types. This may indicate that the buyers of the project are mainly owner-occupiers.

Including Lentor Central Residences, there have been six residential projects that have been launched in the new Lentor Hills residential area since September 2022. Nevertheless, the strong demand for this project shows the confidence of homebuyers in the area.

Another new project in the OCR that recorded a high take-up was Parktown Residence. This project registered a take-up rate of 88.2%, the second highest among the new launches in Q1/2025. Over 1,000 of the total 1,193 units were sold at an average price of S$2,361 psf, and most of the buyers are reportedly locals for their own occupation or investment. The development will have direct connectivity to the upcoming Tampines North MRT station of the Cross Island Line, a bus interchange, retail outlets, food and beverage spaces, a community club and a hawker centre.

In addition, it was recently announced that there will be infrastructure enhancements under the Tampines Town Council’s five-year master plan, which will include a cycling bridge, an underpass, additional cycling paths as well as a new pedestrian route between Tampines MRT station and the malls in the vicinity. These positive attributes contributed to the strong sales of the project, and no project has ever sold more than 1,000 units on the launch weekend.

Almost all of the one- and two-bedroom units have been sold in the quarter, which may signify many are looking into the project for investment opportunities. The one-bedroom and one-bedroom+study units that were transacted at prices between S$1.07 million and S$1.27 million (S$2,277 to S$2,516 psf), while the two-bedroom units were sold at prices ranging from S$1.32 million to S$1.99 million (S$2,236 to S$2,605 psf).

In the RCR, The Orie at Toa Payoh also recorded strong sales, supported by demand from HDB upgraders and families in the area. The long gap between this launch and the previous project launch also contributed to the strong pent up demand. The last project launch in Toa Payoh was Gem Residences in 2016.

According to the developers CDL, Frasers Property and Sekisui House, around 93% of the buyers were Singaporeans and the remaining were PRs. The Orie is within a five-minute walk to Braddell MRT station and near to the Toa Payoh Integrated Transport Hub. In addition, the project will be complemented with the upcoming Toa Payoh Integrated Development nearby. The Integrated Development will include a 10,000-seat stadium, indoor sports hall, aquatic centre and other sporting facilities, together with community amenities such as a town park, public library and polyclinic.

In the quarter, 690 of its 777 units were sold, working out to a take-up rate of 88.8%, at an average price of S$2,703 psf. The transacted units were sold at prices ranging from S$1.28 million (S$2,477 psf) for the one-bedroom + study units, S$1.48 million (S$2,500 psf) for the twobedroom units, S$2.09 million (S$2,458 psf) for the three-bedroom units, S$2.92 million (S$2,401 psf) for the four-bedroom units and S$3.50 million for the fi ve-bedroom units.

Out of the various unit types, all unit types were well favoured, particularly the two- and three-bedroom units. Specifi cally, the two-bedroom units were the most popular, with only 3 unsold units out of the 310 two-bedders. In contrast, the one-bedroom units saw the slowest take-up among the unit types, selling 49 of the 78 units.

While sales at the new launches in the RCR and OCR were largely strong, the only launch in the CCR in Q1/2025 had a slower rate of sales. For Aurea, developed on the former site of Golden Mile Complex, 24 of the 188 units were sold at an average price of S$3,009 psf. According to the joint developers Far East Organization and Perennial Holdings, 83% of the buyers are Singaporeans and Malaysian PRs made up the remaining 17%. This is the first new private residential development connected to a mixed-use development that was sold en bloc and conserved.

Apart from the residential component, the new development will also have space allocated to retail use, medical suites and office units. The commercial part will be known as Golden Mile Singapore. Aurea is the first new launch in District 7 after Midtown Modern in March 2021.

While new launches fell 8.4% on a QoQ basis, new sales contracted as well, but at a moderate pace of 1.3% to 3,375 units in Q1/2025. On a YoY basis, this was nearly triple the amount in Q1/2024. Despite the significant drop in launches in the CCR, new sales in the market segment rose 40.1% QoQ to 192 units and this was the second consecutive quarter of increase. In addition, new sales far exceeded the launched units of 78.

Similarly, new sales in the OCR surged 57.2% QoQ from 1,424 units in Q4/2024 to 2,238 units in Q1/2025, which corresponded with the large jump in launches. On the other hand, new sales in the RCR decreased 49.2% QoQ to 945 units, but this still exceeded the number of units launched in the reviewed quarter. In terms of the proportion of new sales, the OCR was the main contributor, constituting 66.3% of total new sales in Q1/2025. New sales in RCR accounted for 28.0% while the CCR made up 5.7% of new sales respectively.