Which newly-launched residential project saw the highest take-up in Singapore in Q3?

Almost all of its units were sold during the quarter.

According to a Savills report, the new residential launch in Singapore that garnered the highest take-up was Lyndenwoods, where nearly all, or 98.0% of its 343 units were sold in Q3/2025.

“This was despite the fact that it was the first project launch after the government raised the seller’s stamp duty (SSD) rates by four percentage points and extended the holding period that SSD is applicable from three to four years, from 4th July 2025,” the report said.

Here’s more from Savills:

This was also the first residential project at the Singapore Science Park area, and the exceptionally high take-up of the project signified the buyer’s confidence in the project’s strategic location contributing to its long-term investment appeal.

Lyndenwoods is within a six-minute walk from Kent Ridge MRT station on the Circle Line and is surrounded by key institutions and business nodes such as the National University of Singapore, National University Hospital, and just across the road from Geneo, CapitaLand’s mixed-use cluster with business park space, co-working purpose-built laboratories, wellness amenities, food & beverage (F&B) and retail options and public community spaces.

Out of the 336 units sold in the quarter, 68.2% of the units were two-bedroom units of sizes 635 to 883 sq ft. They were priced between S$1.398 million and S$2.343 million (S$2,201 to S$2,700 per sq ft.

In the CCR, there were four new launches in the quarter as well. The best-selling project in this market segment was River Green, with 465 of the total 524 units sold at an average selling price of S$3,131 per sq ft. This worked out to a take-up rate of 88.7%. In the same weekend of launch, Promenade Peak, also in the River Valley area, also had relatively good sales.

Across the quarter, Promenade Peak sold over half of its 596 units. The strong sales of these two projects indicated an uptick in robust demand for prime homes by locals. New project launches in the CCR had previously suffered from the lack of foreign demand due to the implementation of higher additional buyer’s stamp duty (ABSD) rates since April 2023.

According to reports from the developer Wing Tai, around 98% of the buyers were Singaporeans and PRs. The development is strategically located with close proximity to Great World MRT station on the TEL, the CBD and F&B and retail offerings from Great World City.

River Green is also the first new major launch in River Valley since the launch of Irwell Hill Residences in April 2021. While smaller units are usually the ones being sold out first, this was not the case for River Green.

Out of the various room types, the two-bedroom (include two-bedroom premium and two-bedroom+study units), three- and four-bedroom units had over 90% of the units taken up in the quarter.

On the other hand, around 74.3% of the one- and one-bedroom+study units were sold. The strong demand for the larger units may suggest that many of these buyers are end-users purchasing the units for their own stay instead for investment purposes.

Photo is an artist impression of the LyndenWoods facade from CapitaLand