Developers' sales got off to a strong start in 2025 with packed showflats and robust take-up rates - continuing the sale momentum which kicked in towards the end of 2024.

Many new private condo projects performed exceptionally well during their respective launch weekends, particularly projects in the mass market, and the city fringe. Notably, Parktown Residence achieved a near-record number of sales during its launch weekend, selling more than 1,000 units. Other projects like Lentor Central Residences, ELTA and The Orie were also well-received upon launch due to their strong locational attributes.

Based on figures from the Urban Redevelopment Authority (URA), developers sold 3,375 new homes (ex. EC) in the first quarter of 2025 - already more than half of the 6,469 units moved in the whole of 2024. While the pace of new launches may likely slow due to the June school holidays, there are plenty of upcoming projects to look forward to in the second half of 2025 (2H 2025).

More than 20 projects including an EC development (see Table 1) could enter the market in 2H 2025. Of these, projects in the Core Central Region (CCR) will take centre stage, as some 10 upcoming projects may potentially revitalise interest in prime residential market. Those looking for new homes in the heartlands and city fringe need not fret, as several new launches are also coming to the Rest of Central Region (RCR) and Outside Central Region (OCR).

Table 1: Estimated new project launch pipeline in 2H 2025

Source: PropNex Research, PropNex International (as at 29 May 2025), subject to change without prior notice

Here's a quick break-down of the projects based on certain location attributes and property type. Clearly, some projects will check multiple boxes and will be highlighted in turn.

ECs have firmly cemented their place as a more accessible entry-point to the private residential market for first-timers and HDB upgraders, and the strong sales performance of recent EC projects attest to that. In 1H 2025, Aurelle of Tampines EC sold 90% of its 760 units on launch weekend, proceeding to quickly sell-out after sales booking was opened to more second-time buyers.

Interested buyers who missed out on previous EC projects now have another chance in 2H 2025, with the upcoming launch of the 560-unit Otto Place EC in Plantation Close in Tengah. The EC project is located close to two future MRT stations on the Jurong Region Line (JRL), being in between the Tengah Park and Bukit Batok West stations. It is also not far from the Jurong Lake District which will be the largest mixed-use business district outside the city.

Although EC prices have inched up - with a current benchmark average launch price of $1,766 (set by Aurelle of Tampines EC) - EC prices are still substantially lower than that of many new non-landed private homes sold in the OCR (ex. EC) at above $2,100 psf. Overall, PropNex expects to see pent-up demand for EC units given the dwindling unsold stock in the market, with only 52 unsold new EC units as at end-April 2025.

When it comes to choosing a residential property, the development's accessibility to public transport nodes like an MRT station is one of the most crucial aspects prospective buyers consider, as it can contribute immensely to both convenience and investment value.

Among the upcoming launches, there are several projects that meet the "proximity to MRT station" condition in spades - and by that, we mean projects that are either connected to an MRT station or just a hop away. They include Springleaf Residences, UpperHouse at Orchard Boulevard, River Green, Promenade Peak and the Zion Road Parcel A government land sales (GLS) plot.

• Springleaf Residences: Less than 200m from the Springleaf MRT station on the Thomson-East Coast Line (TEL), and near to the Upper Seletar Reservoir and Central Catchment Nature Reserve. Two MRT stops to the Woodlands Regional Centre, three MRT stop to Woodlands North station, where the upcoming RTS Link to Johor Bahru will be located

• UpperHouse at Orchard Boulevard: Will be linked to the Orchard Boulevard MRT station on the TEL; nestled in an exclusive private residential enclave and is near the Chatsworth Park good class bungalow area. One MRT stop to Orchard Road, and it is near to the Singapore Botanic Gardens

• River Green: On top of the Great World MRT station on the TEL, and near to the Great World City mall and River Valley Primary School. One MRT stop to Orchard Road and a short stroll to Kim Seng Park and the Singapore River

• Promenade Peak: Minutes' walk to both the Great World and Havelock MRT stations on the TEL. One MRT stop to Orchard Road via the Great World MRT station, and it is near to the Great World City mall, Zion Riverside Food Centre, River Valley Primary School, Alexandra Primary School, and Outram Secondary School

• Zion Road Parcel A: Adjacent to Promenade Peak and will be linked to the Havelock MRT station. Two stops to Orchard Road. The project will also include long-stay serviced apartments. Like Promenade Peak, it is close to the Great World City mall, Zion Riverside Food Centre, River Valley Primary School, Alexandra Primary School, as well as Outram Secondary School

In addition to connectivity, another key consideration for prospective homebuyers, particularly young couples or families with school-going children is proximity to schools - preferably within 2-km to the residential development in the case of primary schools.

There are several upcoming launches that are near to various educational institutions such as Lyndenwoods, Canberra Crescent Residences, The Sen in De Souza Avenue as well as GLS sites in Margaret Drive and Faber Walk.

• Lyndenwoods: Located in Science Park and near to one-north, the project is well-positioned to capture interest from buyers who work in the area, as well as investors looking to tap rental demand owing to the project's proximity to employment hubs. That aside, Lyndenwoods also has an array of schools within 2 km from the site, including the National University of Singapore, Tanglin Trust School, New Town Primary School, Fairfield Methodist School (Primary and Secondary), Anglo- Chinese School (Independent), Anglo-Chinese Junior College, and United World College of South East Asia (Dover Campus). It is also close to the Kent Ridge MRT station on the Circle Line (CCL)

• Canberra Crescent Residences: Situated in Sembawang and has many schools within a 2-km radius, including Wellington Primary School, Endeavour Primary School, Northoaks Primary School, Canberra Primary and Secondary schools, Sembawang Primary and Secondary schools, Ahmad Ibrahim Primary and Secondary schools, and Chongfu School. It is about 700m from the Canberra MRT station on the North-South Line (NSL) and is near to the Bukit Canberra integrated hub

• The Sen: Schools that are sited within 2 km from the project include Keming Primary School, Bukit View Primary and Secondary schools, Lianhua Primary School, Hillgrove Secondary School, Pei Hwa Presbyterian Primary School, Bukit Timah Primary School, and Ngee Ann Polytechnic. It is about 900m away from the Hume MRT station on the Downtown Line (DTL), and a short bus ride to Beauty World where many commercial offerings can be found, including an upcoming retail mall in Jalan Anak Bukit. The project is also close to the Bukit Batok Nature Park and the Bukit Timah Nature Reserve

• Margaret Drive GLS site: Has numerous schools within 2 km from the project. They include Queenstown Primary School (next to the project), Queenstown Secondary School, Crescent Girls' School, New Town Primary School, Fairfield Methodist School (Primary), Anglo-Chinese School (International), and Tanglin Trust School. It is located around 500m to both the Queenstown and Commonwealth MRT stations, and is near the Margaret Drive Marketplace, as well as a hawker centre.

• Faber Walk GLS plot: This project by the Sungei Ulu Pandan waterway has a few schools within 2 km from its site - being Nan Hua Primary School, Pei Tong Primary School, Clementi Primary School, Clementi Town Secondary School, Qifa Primary School, and Commonwealth Secondary School. It is about 1 km from the future Pandan Reservoir MRT station on the upcoming Jurong Region Line (JRL). The project is also not far from the Jurong Lake District.

CCR new launches look set to make a strong comeback in 2025. Some high-end projects have already been cited above, namely River Green and UpperHouse at Orchard Boulevard. Other luxury residential projects that could come on the market in the second half of 2025 could include W Residences Marina View - Singapore, The Robertson Opus, and a development on the Holland Drive GLS site.

• W Residences Marina View - Singapore: Billed as the only branded residences in Singapore that is fully-integrated and wholly managed by a hotel (W Hotel). Residents will enjoy world-class hospitality and upscale luxury living in the city centre. The project is less than 100m from the Shenton Way MRT station on the TEL, and located within the central business district where many commercial offerings are easily accessible. Close to Marina Bay Sands, Gardens by the Bay, Lau Pa Sat, and Cantonment Primary School

• The Robertson Opus: A 999-year leasehold mixed-use luxury project in the heart of Robertson Quay near the Singapore River. It is just over 300m to the Fort Canning MRT station on the DTL, and the upcoming CanningHill Square which will feature F&B and retail outlets. There is also a slew of dining options along Robertson Quay and nearby Clarke Quay. Meanwhile, schools within a 2-km radius from the site include River Valley Primary School, Cantonment Primary School, Outram Secondary School, the Singapore Management University, and the School of the Arts.

• Holland Drive GLS site: This upcoming project is located next to the One Holland Village mixed development, and faces a large tract of land comprising good class bungalows and landed homes towards Holland Road. It is a short walk to the Holland Village MRT station on the CCL, and is near to a myriad of commercial offerings in the Holland Village lifestyle cluster. There are some schools within 2 km from the site such as Henry Park Primary School, New Town Primary School, Nanyang Primary School, Queensway Secondary School, Fairfield Methodist School (Primary and Secondary), Anglo-Chinese School (Independent), Anglo-Chinese Junior College, Tanglin Trust School, and the Singapore Polytechnic.

For homebuyers looking at procuring legacy assets for the long-term. There are a handful of upcoming launches with a freehold land tenure, such as Arina East Residences in Tanjong Rhu, Artisan 8 in Sin Ming Road, One Leonie Residences in Leonie Hill, and the redevelopment of the former Delfi Orchard.

If you are interested in any of these exciting new launches, do contact a PropNex salesperson to find out more and start planning for your real estate journey with PropNex.