With the latest PropertyGuru Singapore Property Market Report Q4 2023, we saw demand and prices for overall and non-landed private property dip. The Singapore Property Sale Demand Index dropped sharply by 14.4% from Q2 2023 to Q3 2023. In the previous period from Q1 2023 to Q2 2023, we saw a much slower 3.7% decrease from Q1 2023 to Q2 2023.
Factors such as the latest round of cooling measures, the high interest rate environment, and an uncertain economic outlook curbed buying appetite. Buyers are likely to remain more cautious and spend more time in the market looking for their ideal home.
With rising home acquisition costs and economic uncertainties, it’s also likely that homeowners would think twice before putting their properties up for sale. Especially for foreign homeowners who would face high property replacement costs if they decide to buy a new property, due to the current Additional Buyer’s Stamp Duty (ABSD) framework.
Despite this outlook, you may still be in the market to buy a property, especially if you have urgent housing needs. For those who are looking to find a non-landed home and want to know which non-landed private properties generated the most sales in Q3 2023, we’ve compiled this handy list.
Top 10 Best-selling Non-landed Private Properties in Q3 2023
1. Grand Dunman: City Fringe Living and next to Dakota MRT Station
Grand Dunman enjoys an enviable city fringe location close to an MRT station. The 99-year leasehold condo is just a three-minute walk from Dakota MRT station, making it an easy commute to town and other areas of Singapore for its residents. Families with children of schoolgoing age will appreciate living close to popular schools like Dunman High School, Tanjong Katong Girls’ School, Tanjong Katong Secondary School, and Chung Cheng High School (Main).
They will also be close to amenities that include Leisure Park Kallang, I12 Katong, Sports Hub, Parkway Parade and the chill East Coast Park. The condo also has cool facilities that include a treetop walk, a water play area, and a scenic viewing deck where parents can unwind while their toddler has fun at a special dedicated play area made just for them.
This newly launched condominium houses 1,008 units comprising 1 to 5-bedroom configurations and is slated to be completed in 2028.
Browse all the Grand Dunman units for sale on PropertyGuru.
2. Lentor Hills Residences: Mixed Development with Unblocked Views and a Variety of Shops
Lentor Hills Residences is a recently launched 99-year leasehold condominium in District 26 that is slated for completion in 2027. It has 598 units over five tower blocks, in 1- to 4-bedroom units as well as dual-key apartments. Located in the Lentor Hills Estate, the development is uniquely positioned to offer unblocked views of the serene neighbourhood.
The condominium’s standout feature is its proximity to the new Lentor MRT station on the Thomson East-Coast Line. As a mixed-use development, residents will also be connected to the shops at the upcoming Lentor Modern Mall, which promises amenities like wet markets and hawker centres.
Parents will also be close to reputable schools such as Anderson Primary School, CHIJ St Nicholas Girls’ School, and Mayflower Primary and Secondary School. After work and school, families can enjoy the condo facilities that include a Sky Terrace with a garden bridge and jogging track, heated onsen, play and work zone clubhouses, an early childhood development centre, and the Sky Spa Cove with a jacuzzi.
Browse all the Lentor Hills Residences units for sale on PropertyGuru.
3. Altura EC: First EC in Bukit Batok in 20 Years, Will be Near ACS Primary Soon
Altura is an executive condominium (EC) that is located in District 23 along Bukit Batok West Avenue 8. Jointly developed by Qingjian Realty and Santarli Realty, the 99-year leasehold project will have 360 units when it is completed in 2027.
Residents will enjoy the surrounding conveniences that include West Mall, Bukit Batok Shopping Centre, and reputable schools like St. Anthony’s Primary, Dazhong Primary, Princess Elizabeth Primary, and Swiss Cottage Secondary.
As the first EC in Bukit Batok in two years, Altura saw great demand, selling 61.1% of its units at a record price of $1,433 PSF for ECs in Singapore just over its launch weekend. In addition, with Anglo-Chinese School (ACS) Primary moving to Tengah in 2030, the popular school will be within a 1km radius of Altura, another big draw for parents and parents-to-be.
Browse all the Altura EC units for sale on PropertyGuru.
4. The Myst: A Balance of Tranquility and Conveniences off the Elegant Upper Bukit Timah Area
The Myst is a new-launch 99-year leasehold condo slated for completion in 2029. Situated at 800 and 802 Upper Bukit Timah Road in District 23, it will offer 408 units spread across two 24-storey residential towers.
Perhaps the draw of The Myst is its strategic location. Located within walking distance of Cashew MRT station on the Downtown Line (DTL) and the Bukit Panjang Integrated Transport Hub, residents have efficient connections to various parts of Singapore. Drivers benefit from quick access to the Bukit Timah Expressway (BKE), facilitating travel to the eastern region. Residents also enjoy a priceless balance between convenience and nature, where they will be relatively close to urban conveniences yet also have easy access to green spaces such as Bukit Timah Nature Reserve and the Rail Corridor.
Families will be living close to reputable educational institutions such as Assumption English School, Bukit Panjang Primary School, and CHIJ Our Lady Queen of Peace. A grocery run or retail therapy is also quick, with shopping malls such as HillV2, Hillion Mall, Junction 10, and Bukit Panjang Plaza all within easy reach.
Browse all The Myst units for sale on PropertyGuru.
5. Pinetree Hill: Where Prestige Meets Treasured Neighbourhoods
Pinetree Hill is a 99-year leasehold condo about a 19-minute walk from Dover MRT station. For those who drive, the connection to the city centre is even quicker via Holland Road or Commonwealth Avenue. Residents also enjoy close proximity to the business hubs in one-north and Science Park, as well as the range of lifestyle picks at Holland Village, Dempsey Hill and the Orchard Road shopping belt.
Developed by UOL Group Limited & Singapore Land Group, Pinetree Hill has 520 units to offer. Condo amenities include an aerobic pool, basketball court, fun pool, spa pool and tennis courts. For those who love the great outdoors, soak up the panoramic vistas from the property, or bond with nature at the nearby Clementi Forest, Rail Corridor, Ulu Pandan Park Connector and future Old Jurong Line and Clementi Forest Nature Trails.
Chow on delightful local cuisine at the Ghim Moh Market and Food Centre, or head for a fun night out with friends at the happening Holland Village enclave.
Browse all Pinetree Hill units for sale on PropertyGuru.
6. North Gaia: Executive Condo with Easy Access to Nature
North Gaia is an upcoming Executive Condominium (EC) located on a plot of land next to the Khatib Bongsu River and bounded by Yishun Avenue 8 and 9. The development’s TOP is expected in 2027.
The EC’s location makes it ideal for lovers of the great outdoors as it is also located just down the road from Yishun Dam. The nearest MRT station, Yishun, is located about a 20-minute walk away and connects residents to the North South Line.
Browse all North Gaia units for sale on PropertyGuru.
7. The LakeGarden Residences: New Gem in Jurong With Wealth of Amenities
The LakeGarden Residences is a newly-launched 99-year leasehold condominium located in District 22 along Yuan Ching Road. The 306-unit project will be a prominent addition to the Jurong Lake District – the first private residential launch since 2016 in this area.
Residents enjoy the convenience of being within walking distance of two East-West Line MRT stations, Lakeside and Chinese Garden. The development’s location is further enriched with nearby amenities, which include Taman Jurong Shopping Centre and shopping malls such as JEM, Westgate, and IMM.
The upcoming Jurong East Integrated Transport Hub and the Jurong Region Line will further enhance the transport infrastructure, promising increased accessibility by 2027 – the same year the condo will be completed.
Browse all The LakeGarden Residences units for sale on PropertyGuru.
8. Sol Acres: Singapore’s Largest EC Offers Convenience in District 23
Sol Acres is an expansive EC in Choa Chu Kang, District 23, that was completed in 2019. Sol Acres comprises 1,327 units across three towers. Among other standard condo facilities, the development also features a noteworthy rollerblading trail.
Although there isn’t a nearby MRT station, Teck Whye LRT station is a 3-minute walk away and offers convenient access to Choa Chu Kang and Bukit Panjang MRT stations. For drivers, proximity to the KJE offers a convenient link to the BKE and PIE, enabling a 25-minute commute to the CBD. The development also features a bus stop outside for an easy commute.
Nearby amenities include Teck Whye Shopping Centre, Keat Hong Shopping Centre, South View Primary School, and ITE College West.
Browse all Sol Acres units for sale on PropertyGuru.
9. Treasure at Tampines: Affordable Entry-level Mega Development With Unique Climbing Wall
The 99-year leasehold Treasure at Tampines is known for its affordable prices as well as its large size with 2,203 units available. Units for sale in Treasure at Tampines are between $740,000 to $2,988,000, with the price PSF range being $1,520 to $2,169 (taken from PropertyGuru listings, accurate as of 20 November 2023).
Other than the usual condo facilities, Treasures at Tampines has some unique offerings, including a co-working space, dance studio, baking studios, and climbing wall. Treasures at Tampines is located about a 15-minute walk from Simei and Tampines West MRT stations, giving residents access to the East West and Downtown lines respectively.
Browse all Treasure at Tampines units for sale on PropertyGuru.
10. 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, 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 which sits 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.
Browse all The Continuum units for sale on PropertyGuru.
Which Best-selling Condo or EC Should You Go For?
Selecting a condominium for purchase involves considering various factors beyond its popularity. While a condo’s inclusion on a best-selling list may appeal to many, it might not align with your preferences. Your decision-making process may also factor in elements such as budget constraints, anticipated completion dates, specific condo amenities, and proximity to your child’s future school or preferred neighbourhood.
One way to stay informed about developments in your chosen area is with the URA Master Plan, which provides insights into upcoming changes, including new MRT lines, additional schools, office spaces, upcoming condominiums that might be worth waiting for, and more. This becomes particularly crucial if your intent is to invest in the condominium.
Regardless of which condo or EC you buy, the next step in your homebuying journey is to figure out how to finance your property purchase. If you need assistance in choosing the most suitable home loan for you, reach out to one of our friendly PropertyGuru Finance Mortgage Experts. Aside from recommending you the most competitive mortgage packages available in the market, they can also seek their help for unbiased advice on home financing.
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