According to the PropertyGuru Singapore Property Market Report Q3 2023, the price growth for non-landed private properties is slowing down. The Sale Price Index for non-landed private residential properties climbed 0.3% quarter-on-quarter (QoQ) in Q2 2023 compared to a 0.9% QoQ increase in Q1 2023.
The April 2023 property cooling measures mean that investors now need to incur higher Additional Buyer’s Stamp Duty (ABSD) rates – most starkly foreigners, whose ABSD rates rose from 30% to 60%!
That said, private property prices were propped up by the performance of Q2 2023 major new condo launches, especially those that hit the sweet spot among convenient transport to the city centre, an abundance of nearby lifestyle amenities, and choice schools.
Wondering which condos for sale in Singapore sold the best in Q2 2023? Read on to find out!
Top 10 Best-selling Condos in Q2 2023
1. The Reserve Residences: The Charm of Bukit Timah with All-around Convenience
Located in the tranquil Jalan Anak Bukit in District 21, The Reserve Residences is the epitome of exquisite living. Developed by Sino Group & Far East Organization, the 99-year leasehold condo offers 732 units in 1-bedroom to 5-bedroom, duplex, and penthouse configurations. One of the star features is a shopping mall, upon which the eight residential blocks are built.
Residents also love the allure of Bukit Timah, for its unhurried yet refined ambience, with popular schools such as Methodist Girls’ School and Pei Hwa Primary School within a 1km radius. Also in the Bukit Timah area are Hwa Chong Institution, National Junior College, and Nanyang Girls’ High School.
In future, as part of a transformation seeded in the URA Master Plan 2019, public spaces and pedestrian networks will be seamlessly integrated with transport and community uses in the Bukit Timah area. An integrated transport hub is planned as well.
Browse all The Reserve Residences units for sale on PropertyGuru.
2. Tembusu Grand: Classy Condo Within the Trendy Katong District
Featuring 638 units from 1-bedroom to 5-bedroom configurations and even penthouse units, Tembusu Grand will be an impressive project in District 15, which comprises East Coast and Marine Parade, when it is completed in 2027.
Fun fact: Tembusu Grand was the only Q2 2023 major new condo to launch before the April 2023 property cooling measures were announced. Despite being a 99-year leasehold condo in a neighbourhood where many properties are freehold, units were sold at an average of $2,465 per sq ft (PSF), which was on par or higher than some of the properties in the area.
The vibrant Katong area is also known for its hip cafes, stylish restaurants, shopping malls, and schools such as Tanjong Katong Secondary School and Tanjong Katong Girls’ School in the vicinity.
Browse all Tembusu Grand units for sale on PropertyGuru.
3. The Continuum: Freehold Luxury Living with Private Lift in District 15
There are 816 well-appointed units in The Continuum that range from 1-bedroom to 5-bedroom (inclusive of private lifts) homes. The freehold condo, which is slated to receive its Temporary Occupation Permit (TOP) in 2027, is located along Thiam Siew Avenue in District 15 and developed by Hoi Hup Sunway Katong Pte. Ltd.
For beach lovers, this luxurious condo in the East Coast and Marine Parade area is perfect. From your sanctuary, you’ll be able to connect to the seafront of Singapore’s beloved East Coast Park, which offers a plethora of seaside dining, activities, and more.
Culture buffs can also soak up the heritage of Katong and Joo Chiat, a stone’s throw away. This is also a convenient abode for those who have offices in the Paya Lebar business district. Within walking distance are choice schools that include Tanjong Katong Primary School, Haig Girls’ School, Kong Hwa School, and more.
In addition, with the en bloc market slowing down, freehold launches in District 15 could get fewer and far between. This makes The Continuum such a gem, especially for long-time residents of the area who yearn to stay close to their parents.
Browse all The Continuum units for sale on PropertyGuru.
4. Blossoms By The Park: Stunning Views in Bustling Buona Vista
Located at Slim Barracks Rise in District 5 (Buona Vista/West Coast/Clementi New Town), the 99-year leasehold condo Blossoms By The Park offers 275 premium units that range from 1-bedroom to 4-bedroom configurations. By EL Development, the project is slated to TOP in 2026.
Interesting fact: Blossoms By The Park was the first major new condo to launch after the April 2023 property cooling measures came into effect. Still, almost 200 out of the 275 units (i.e. 73%) were sold over its launch weekend.
Perhaps one pull factor is the development’s three storeys of commercial space, which will bring conveniences for its future residents, such as dining, retail and other services. Those who appreciate unblocked views also love how the 27-storey single-block building is much taller than buildings in the area, which range from 13 to 15 floors.
Other conveniences such as proximity to Buona Vista MRT station, an interchange between the East-West Line (EWL) and Circle Line (CCL), which is about a five-minute walk away; and malls that include The Star Vista and Rochester Mall are also a draw. Business districts The Metropolis and One-North Park are also in the area.
Browse all Blossoms By The Park units for sale on PropertyGuru.
5. The Atelier: Exclusive Abode in Newton with High Ceilings and Smart Features
Slated to be completed in 2024, The Atelier, developed by Bukit Sembawang Estates Limited, is a freehold condo in District 9 that was highly commended as Best Luxury Condo Development (Singapore) in the PropertyGuru Asia Property Awards 2021. The project offers a variety of unit sizes, ranging from 1-bedroom to 4-bedroom with sizes spanning from 549 sq ft to 1,496 sq ft.
Prioritising exclusivity and quality over quantity, this rare 120-unit exclusive development is strategically located near Newton MRT station, the bustling Newton Food Centre, and choice schools like Anglo-Chinese (Barker), Anglo-Chinese (Junior), and St. Joseph Institution Junior.
Residents will adore the design features within The Atelier, with thoughtful touches that include digital locks and smart lighting, a ceiling height of 2.9m for most areas to create a sense of space, and north-south facing units for its residents’ comfort. Each apartment is also fitted with premium sanitary wares and kitchen appliances, with concierge services provided for the first 24 months from its TOP date.
Browse all The Atelier units for sale on PropertyGuru.
6. Leedon Green: Popular Freehold Choice for Families Who Love Food and Nature
Leedon Green stays firmly on the sixth spot for Q2 2023, as it did for Q1 2023. Wondering why it has remained a best-selling condo?
Firstly, it is a freehold 638-unit property developed by MCL Land & Yanlord Land. This means there’s value for buyers to pass this to the next generation, to hold for investment or to generate rental income. Secondly, location. From being close to choice schools to food and nature, this Adam Road condo has it all. It is also just eight minutes by foot from Farrer Road MRT station.
Slated to be completed in 2024, the 12-storey project is also a big hit with foodies. Empress Market is just around the corner, as well as Holland Village and Adam Road Food Centre. Next, families are also a fan of this project, as Leedon Green is close to popular schools, such as Nanyang Primary School, Hwa Chong Institution, and Henry Park Primary School.
Last but not least, nature lovers will be glad to note that their home has Singapore’s very own World Heritage Site, the Singapore Botanic Gardens, practically at their doorstep, whether it’s for a daily jog, a spontaneous visit for a picnic or to see an outdoor performance, or for romantic strolls.
Browse all Leedon Green units for sale on PropertyGuru.
7. The Landmark: Rising High Above the Beloved Chinatown Locale at 39 Storeys Tall
The Landmark, a project by developer Landmark JV Pte Ltd (Joint Venture by ZACD Group Limited and MCC Land), is slated to receive its TOP in 2025. This project edged up one spot, from number eight on Q1 2023’s best-selling condos list. When complete, the 39-storey, 99-year leasehold condo at Chin Swee Road will become part of the Chinatown skyline.
Residents of one of the 396 units have access to condo facilities that include a clubhouse, gym, jacuzzi, sky lounge, and swimming pool. They will also be within a 10-minute stroll to Chinatown MRT station and the various amenities of this heritage locale, and those who work in the Central Business District (CBD) are just two MRT stations from home.
From traditional local fare in Chinatown, those living in The Landmark can also venture to the Robertson Quay area to hang out at trendy bars by the Singapore River.
Browse all The Landmark units for sale on PropertyGuru.
8. Pullman Residences Newton: Award-winning Luxury Condo Next to Newton MRT Station
Pullman Residences has been on the top 10 best-selling condo list since Q4 2022. And no wonder, because this award-winning upscale condo won four awards at the PropertyGuru Asia Property Awards 2020: Best Luxury Condo Architectural Design (Singapore), Best Luxury Condo Development (Singapore), Best Luxury Condo Interior Design (Singapore), and Best Luxury Condo Landscape Architectural Design (Singapore).
Slated to be completed this year, its asking prices are hitting new highs. In May 2023, a one-bedroom penthouse at this development sold for $1.7 million. Not surprising indeed, as this 340-unit project is conveniently located across the road from Newton MRT station, and a stone’s throw away from Newton Food Centre, Orchard Road, Novena, and the CBD via public transport.
It is also close to schools that include Anglo-Chinese School (Independent), St. Joseph’s Institution, Raffles Girls’ School, and Singapore Chinese Girls’ School.
Browse all Pullman Residences units for sale on PropertyGuru.
9. Piccadilly Grand: Highly Accessible Farrer Park Location with Four Distinct Zones to Enjoy
Piccadilly Grand, a 99-year leasehold mixed development in District 8, is a joint project by established developers City Developments Limited (CDL) and MCL Land that is slated to attain TOP In 2026. This 23-storey development with 407 units boasts a generous plot ratio of 4.2 and a site area of 94,000 sq ft, offering a range of unit types from 1-bedroom to 5-bedroom units.
The condominium is thoughtfully designed with four distinctive zones: Botanical Zone, Tranquillity Zone, Vitality Zone, and Social Zone. Each comprises various facilities unique to each zone’s theme, such as a Botanical Spa Pool, Tranquillity Spa, Vitality Pool, and Social Clubhouse.
Strategically located in the Farrer Park area, the condo is closest to Farrer Park and Little India MRT stations. Drivers will also have quick access to the Central Expressway (CTE), which connects to the Pan-Island Expressway (PIE).
Reputable schools that include Farrer Park Primary School, St. Margaret’s Primary School, and Anglo-Chinese School (Junior) are also close by, as well as a wealth of healthcare facilities, including the upcoming Health City Novena, in addition to shopping malls and eateries.
Browse all Piccadilly Grand units for sale on PropertyGuru.
10. Hyll on Holland: Just a 12-minute Walk to the Trendy and Vibrant Holland Village Area
Developed by FEC Skypark Pte Ltd (FEC International Limited & Koh Brothers Development), the freehold Hyll on Holland features stunning views and natural ventilation with a full-height glass curtain wall and side-by-side living and dining spaces on the premises.
Located on Holland Road, the 319-unit high-end condo is slated to receive its TOP in 2025. Adding to its charm is its proximity to the trendy Chip Bee Gardens and Holland Village enclaves, with the Holland Village MRT station being just a 12-minute walk from your doorstep.
Within residents’ easy reach are the surrounding amenities of the hip area. These include cool cafes, speciality restaurants, bars, coffee shops, fitness centres, and a 24-hour supermarket. One can also visit Orchard Road, Dempsey Hill, and the Singapore Botanic Gardens, all of which are a short drive or bus ride away.
Browse all Hyll on Holland units for sale on PropertyGuru.
Which Best-selling Condo Should You Go For?
Choosing a condo to buy depends on various factors, not just that it is on a best-selling list. After all, features that the majority go for may not be your cup of tea. You may also be considering budget, completion date, specific condo facilities, and proximity to your child’s future school or your favourite neighbourhood.
In Singapore, the only constant is change and rapid developments are an everyday occurrence. Check out the developments in your area of choice by consulting the URA Master Plan to see what might be coming up, be it new MRT lines, more schools, offices, other condos (that you may choose to wait for instead), and more. This is especially important if you plan to purchase the condo for investment purposes instead of for your own stay.
Need help to pick the ‘best’ home loan to finance your property purchase? Get in contact with PropertyGuru Finance Mortgage Experts, who can guide you with unbiased home financing advice and are well-equipped to recommend the most competitive mortgage packages on the market.
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