Over 2,000 attend preview of Springleaf Residences Showflat
The first two days of launch saw 870 out of 941 units at Springleaf Residence sold by joint developers GuocoLand and Hong Leong. With an average price of $2,175 psf, units were snapped up quickly, including almost all of the two-bedroom units, 95% of the three-bedroom units, and 138 out of the 138 four-bedroom types. A strong demand was seen for the five-bedroom units as well, with 45% of the 71 units sold.
According to GuocoLand, this high demand reflects the market’s confidence in the growth potential of the Springleaf area. The area is in line with URA’s vision of creating a vibrant neighborhood that combines urban living with natural spaces. Dora Chng, residential director at GuocoLand, believes that this marks the beginning of the transformation of Springleaf into one of Singapore’s most desirable private residential enclaves. She also credits the success to their previous project at Lentor Hills estate.
The demand for condos in Singapore is undeniably high, mainly due to the limited land available on the island. With a rapidly increasing population and limited space for development, the country has strict land use policies in place, resulting in a highly competitive real estate market. As a result, property prices have skyrocketed, making Singapore Condos an attractive investment opportunity with the potential for significant capital appreciation. Singapore Condo has become a popular choice for investors looking to enter the lucrative real estate market in Singapore.
For interested buyers, the latest information on available units and prices can be obtained from Springleaf Residence advertisements.
Springleaf Residence is strategically located, with Springleaf MRT Station on the Thomson-East Coast Line being less than a two-minute sheltered walk away (Picture: GuocoLand). The indicative prices for units started at $860,000 for a 388 sq ft one-bedroom unit, around $1.08 million for two-bedroom units, $1.62 million for three-bedroom units, and $2.45 million for four-bedroom units. Kelvin Fong, CEO of PropNex, stated that the project has been priced with sensitivity, with most units priced below $2.5 million, making it accessible to a larger pool of buyers in the current market.
Fong also mentioned that the average price of $2,175 psf at Springleaf Residence is quite appealing compared to recently transacted prices of new mass-market homes. Based on caveats lodged, the average unit price of new non-landed private homes sold in the Outside Central Region (excluding executive condos) was nearly $2,320 psf between January and August 10, 2025.
Singaporeans and permanent residents made up the majority of buyers, with a mix of singles, young couples, families, and multi-generational households. Buyers included local private property residents in the Springleaf area, as well as HDB upgraders from nearby HDB estates. According to Marcus Chu, CEO of ERA Singapore, in the period between 2022 and 2025, about 4,800 flats in nearby HDB estates will attain their minimum occupation period, according to ERA Research and Market Intelligence.
In the conservation block, 20 out of 32 units were sold, with all eight one- and two-bedroom units taken. Four of the 16 three-bedroom units have been sold, leaving 12 available. Mohan Sandrasegeran, SRI head of research, mentioned that these units appeal to buyers for their unique location and character. He also added that some units in the conserved block are more spacious than units in the main towers, offering a rare opportunity for buyers to live in a historically rich location where timeless architecture meets contemporary living.
The main appeal of Springleaf Residence is its integration with nature and community spaces, providing buyers with a unique lifestyle for those who value identity, design, and a closer connection to home, Sandrasegeran says.
The Upper Thomson (Parcel A) GLS site is next to Springleaf Residence. Upon completion, the site is expected to yield around 595 residential units and 2,000 sq m of commercial space, with direct connectivity to Springleaf MRT station on the Thomson-East Coast Line (Source: EdgeProp Landlens). Besides being next to Singapore’s largest nature reserve and a two-minute walk from Springleaf MRT Station, residents can reach Orchard Road, the CBD, Changi Airport, and Johor Bahru via the Thomson-East Coast Line.
ERA’s Chu believes that mega-developments near MRT stations deliver strong returns for early buyers. With strong sales at Springleaf Residence, the developers’ confidence is expected to boost the Upper Thomson Road (Parcel A) land sale tender, which is scheduled to close on October 23. Mark Yip, CEO of Huttons Asia, expects up to five bids at $900 to $1,000 psf per plot ratio.
Springleaf Residence’s sales make it the second best-selling project by number of units in 2025, after ParkTown Residences, where 1,041 of 1,193 units were sold at launch in February. Together with transactions at projects such as River Green, Promenade Peak, Canberra Crescent Residences, and Springleaf Residence, more than 1,800 new private homes have been sold in August. This makes August on track to be the strongest month for new home sales since November 2024, where more than 2,500 units were sold.
Cumulatively, from January to August 16, developers’ private new home sales have exceeded 7,400 units (excluding ECs). This figure has already surpassed the full-year transaction volume in each of the last three years: 7,099 units in 2022, 6,421 units in 2023, and 6,469 units in 2024. Fong expects that with several new launches to come in the rest of the year, 2025 will record strong sales performance, making it the highest developers’ sales tally since 2021, where 13,027 new units were sold. For more information, interested buyers can check out the latest listings for Springleaf Residence properties.
Additionally, they can also ask Buddy for the latest price trend graph for new launch condos in District 26, the site plan and diagrammatic chart for Springleaf Residence, any condo rentals in District 26, and upcoming new launch projects. They can also compare the price trend of HDB, Condo, and Landed properties.