High Take-Up Rates in Singapore’s Residential Market
During the third quarter of 2025, a significant number of residential units were sold across various projects in Singapore. According to a report by Savills, one of the most successful launches was Lyndenwoods, which saw nearly all of its 343 units sold, with a take-up rate of 98.0%. This project stood out despite being the first launch following the government’s increase in seller’s stamp duty (SSD) rates and the extension of the SSD holding period from three to four years, effective from July 4, 2025.
Lyndenwoods marked the first residential project in the Singapore Science Park area, and its high take-up rate highlighted buyers’ confidence in its strategic location. The project is conveniently located within a six-minute walk from Kent Ridge MRT station on the Circle Line. It is also surrounded by key institutions and business nodes, including the National University of Singapore, National University Hospital, and Geneo, CapitaLand’s mixed-use cluster that offers business park space, co-working facilities, wellness amenities, F&B options, retail, and public community spaces.
Out of the 336 units sold during the quarter, 68.2% were two-bedroom units ranging in size from 635 to 883 square feet. These units were priced between S$1.398 million and S$2.343 million, translating to approximately S$2,201 to S$2,700 per square foot.
In the Central Catchment Region (CCR), there were four new residential launches during the quarter. River Green emerged as the top-selling project, with 465 out of 524 units sold, achieving a take-up rate of 88.7%. The average selling price for River Green was S$3,131 per square foot. During the same weekend as River Green’s launch, Promenade Peak, another project in the River Valley area, also recorded strong sales. Over half of the 596 units in Promenade Peak were sold during the quarter.
The strong performance of these projects indicated a surge in demand for prime homes among local buyers. Previously, new project launches in the CCR had struggled due to the absence of foreign demand, which was affected by higher additional buyer’s stamp duty (ABSD) rates introduced in April 2023. According to reports from the developer Wing Tai, approximately 98% of the buyers were Singaporeans and permanent residents.
Promenade Peak is strategically located near Great World MRT station on the Thomson-East Coast Line, as well as the Central Business District (CBD). It also benefits from the F&B and retail offerings at Great World City. River Green, on the other hand, was the first major new launch in River Valley since the launch of Irwell Hill Residences in April 2021.
Interestingly, unlike typical trends where smaller units are usually the first to sell out, River Green saw strong demand for larger units. Out of the various room types, two-bedroom (including two-bedroom premium and two-bedroom+study) units, three-bedroom, and four-bedroom units had over 90% of their units taken up during the quarter. In contrast, around 74.3% of one- and one-bedroom+study units were sold. This suggests that many buyers are purchasing larger units for personal use rather than for investment purposes.
Photo is an artist impression of the LyndenWoods facade from CapitaLand