The highly-anticipated Springleaf Residence condominium, developed by GuocoLand and Hong Leong, has had a successful launch weekend. During the first two days of the launch on August 15 and 16, a staggering 870 out of 941 units were sold, at an average price of $2,175 psf. This demonstrates the strong market demand for the project, with almost all two-bedroom units and a large percentage of three and four-bedroom units snapped up by eager buyers. With such high demand, buyers are confident in the growth potential of the Springleaf area, as envisioned by the URA. The area is set to become a vibrant neighbourhood that seamlessly blends urban living with natural landscapes, paving the way for an idyllic lifestyle for residents. Dora Chng, residential director at GuocoLand, says that this development marks the beginning of Springleaf’s transformation into a highly sought-after private residential enclave, following the success of the Lentor Hills estate. Prospective buyers can stay updated on the availability and prices of Springleaf Residence units by visiting the project’s website. The condominium is conveniently located within a 2-minute sheltered walk from the Springleaf MRT Station on the Thomson-East Coast Line. With indicative prices starting at $860,000 for a one-bedroom unit, and approximately $1.08 million and $1.62 million for two and three-bedroom units respectively, the project has been competitively priced. Kelvin Fong, CEO of PropNex, says that the average price of $2,175 psf is quite attractive when compared to the prices of recently transacted mass-market homes. According to caveats lodged, the average unit price of new non-landed private homes sold in the Outside Central Region (excluding executive condos) from January to August 10, 2025 was around $2,320 psf. The strong buying sentiment for Springleaf Residence was primarily driven by Singaporeans and permanent residents, with a mix of young couples, families, and multi-generational households. Buyers also included residents of private properties in the Springleaf area, as well as HDB upgraders from nearby estates. Marcus Chu, CEO of ERA Singapore, adds that the 4,800 flats in nearby HDB estates that fulfilled their minimum occupation period between 2022 and 2025 have also contributed to the high number of buyers. Out of the 32 units available in the conservation block, 20 have been sold, with all eight one and two-bedroom units already taken. Four out of 16 three-bedroom units have been sold, with only 12 remaining. According to Mohan Sandrasegeran, SRI head of research, these units are highly sought-after due to their unique location and character. He adds that the units in the conservation block are more spacious than those in the main towers. This presents an exclusive opportunity for buyers who value living in a historic building with timeless architecture and contemporary amenities. The main selling point of the Springleaf Residence is its seamless integration with nature and community spaces, offering a distinct lifestyle for buyers seeking identity, design, and a closer connection to home. Yip Kok Keong, CEO of ERA Singapore, adds that the adjacent Upper Thomson (Parcel A) GLS site, which is expected to yield around 595 residential units and 2,000 sq m of commercial space, is another attractive feature of the development. This site has direct connectivity to the Springleaf MRT station on the Thomson-East Coast Line. ERA’s Chu says that there is overwhelming evidence that mega-developments near MRT stations provide strong returns for early buyers. He expects high developer confidence in the Upper Thomson Road (Parcel A) land sale tender, which is set to close on October 23, with an anticipated $900 to $1,000 psft per plot ratio. With the strong sales at Springleaf Residence, the project has become the second best-selling condominium by number of units in 2025 after ParkTown Residences, where 1,041 out of 1,193 units were sold during its launch in February. This has given a boost to the developer’s confidence in the upcoming residential developments and contributed to the robust sales market in 2025. Mark Yip, CEO of Huttons Asia, says that Springleaf Residence’s achievement proves that it is possible to sell out a new development in a low-key area with little competition. Daniel Hew, Head of Strategic Marketing and Communications at Bule Realty Pte Ltd, says that buyers can now keep an eye out for the latest available units and prices for Springleaf Residence, as well as other new launches and listings. Stephen Tan/EdgeProp Singapore 2025
The highly-anticipated Springleaf Residence condominium, developed by joint developers GuocoLand and Hong Leong, achieved an impressive sales record during its launch weekend. Out of the 941 units available, 870 units were sold within just two days, from August 15 to 16, marking a successful start for the project.
The apartments were sold at an average price of $2,175 psf, with most of the buyers being Singaporeans and permanent residents. The strong demand for the property showcases the market’s confidence in the growth potential of the Springleaf area, in line with Urban Redevelopment Authority’s (URA) vision of developing a vibrant neighbourhood that fuses urban living with natural spaces.
Dora Chng, residential director at GuocoLand, stated that this project marks the beginning of Springleaf’s transition into one of Singapore’s most sought-after private residential enclaves, following the success of the Lentor Hills estate.
Interested buyers can keep track of the availability and prices of the available units at Springleaf Residence by visiting the project’s website. The condominium enjoys a prime location, being less than a 2-minute walk away from the Springleaf MRT Station on the Thomson-East Coast Line. With indicative prices starting at $860,000 for a one-bedroom unit, the project has been priced competitively. Units are also available in the range of $1.08 million for two-bedroom units, $1.62 million for three-bedroom units, and $2.45 million for four-bedroom units.
.
When it comes to investing in a Singapore Condo, securing financing is a crucial aspect to consider. While there are various mortgage options available in Singapore, it is essential to understand the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan a borrower can take, based on their income and current debt obligations. Therefore, it is crucial for investors to familiarize themselves with the TDSR and seek guidance from financial advisors or mortgage brokers. This will assist them in making informed decisions when it comes to financing and prevent them from over-leveraging.
Kelvin Fong, CEO of PropNex, shared that the average price of $2,175 psf is quite attractive when compared to the prices of recently transacted mass-market homes. According to caveats lodged, the average unit price of new non-landed private homes sold in the Outside Central Region (excluding executive condos) from January to August 10, 2025 was around $2,320 psf.
The strong demand for Springleaf Residence came from a mix of buyers, including young couples, families, and multi-generational households. The unit mix is also reflective of the diversity of buyers, with almost all two-bedroom units, 95% of three-bedroom units, and 138 out of 147 four-bedroom units being sold. The five-bedroom units also witnessed a sale of 45% of the 71 units.
Marcus Chu, CEO of ERA Singapore, added that the upsurge in demand for Springleaf Residence can also be attributed to the number of HDB estates in the neighbouring areas, where 4,800 flats reached their minimum occupation period between 2022 and 2025.
In the conservation block, all eight one and two-bedroom units were sold, out of the 32 units available. Out of the 16 three-bedroom units, only four are remaining, with the other 12 already being sold. Mohan Sandrasegeran, SRI head of research, shared that the units in the conservation block are particularly sought-after due to their unique location and character. He also highlighted that these units are more spacious than those in the main towers, offering buyers a rare opportunity to live in a historically rich building with modern amenities.
According to Yip Kok Keong, CEO of ERA Singapore, another attractive feature of Springleaf Residence is its proximity to the adjacent Upper Thomson (Parcel A) GLS site. This site is estimated to yield around 595 residential units and 2,000 sq m of commercial space, with direct connectivity to the Springleaf MRT station on the Thomson-East Coast Line. ERA’s Chu shared that there is overwhelming evidence that developments in close proximity to MRT stations achieve strong returns for early buyers. He also emphasised that this will further boost developer confidence in the Upper Thomson Road (Parcel A) land sale tender, which will close on October 23 and is expected to receive up to $900 to $1,000 psft per plot ratio.
With the strong sales at Springleaf Residence, the project has become the second best-selling condominium by number of units in 2025 after ParkTown Residences, which witnessed a sale of 1,041 out of 1,193 units during its launch in February. This has also had a positive impact on the developer’s confidence in the upcoming residential developments and has contributed to the robust sales market in 2025.
Mark Yip, CEO of Huttons Asia, shared that Springleaf Residence’s success demonstrates that new developments in low-key areas with little competition can still achieve successful sales.
Daniel Hew, Head of Strategic Marketing and Communications at Bule Realty Pte Ltd, encouraged buyers to stay updated on the latest available units and prices for Springleaf Residence, as well as other new launches and listings.…