For much of the COVID-19 pandemic, the demand for private property remained robust, so much so that a round of property cooling measures was introduced at the tail-end of 2021. Property cooling measures aside, the CNY holiday lull period and the lack of new major launches in Q1 2022 saw the year kick-off to a modest start.
Want to find out more insights and know what Q2 2022 has in store? Check out the full PropertyGuru’s Singapore Property Market Report Q2 2022.
Enduring work from home arrangements has changed the way we shop for homes. In the past year, we’ve observed more buyers opting for homes in the Outside Central Region (OCR). However, five of the top 10 best-selling condos for Q1 2022 were located in the Rest of Central Region (RCR) and Core Central Region (CCR). Could this be the start of a new trend? Only time will tell.
For now, let’s find out which condos buyers flocked to in Q1 2022.
10 Best-selling Projects in Q1 2022
1. Normanton Park: Attractive City Fringe Location
Normanton Park was a fixture on bestseller lists in 2021, selling 600 units at its launch. In the lead up to the development receiving its Temporary Occupation Permit (TOP) at the end of 2023, units are still selling like hotcakes.
The 99-year District 5 leasehold development, which includes 1,840 residential units, 22 strata terrace houses and eight commercial units, is located close to the AYE at Normanton Park, enabling residents to commute quickly to the city centre. It is also located near the Science Park and one-north tech hubs and the National University of Singapore.
The nearest MRT station to Normanton Park is Kent Ridge, about 16 minutes’ walk away. The scenic Kent Ridge Park is located nearby, making it ideal for nature lovers.
2. The Florence Residences: Affordable Suburban Home
The Florence Residences has proven popular with HDB upgraders due to its wallet-friendly prices. Smaller units at the 99-year leasehold condo in District 19, whose TOP is expected in 2023, are priced at under $700,000.
The huge development, which consists of 1,410 units in nine 18-storey blocks, is located on Hougang Avenue 2 in District 19, about 15 minutes’ walk from Hougang and Kovan MRT stations. Other amenities in the area include Hougang ActiveSG Stadium and Sports Centre.
Browse all The Florence Residences units for sale on PropertyGuru.
3. Dairy Farm Residences: Close to Nature
Located in the west of Singapore, 99-year leasehold condo Dairy Farm Residences is ideal for those who wish to live close to nature. The project is expected to receive its TOP in 2024.
Related article: 8 Benefits of Living Near Nature
Consisting of 460 units, the mixed-use development in District 23 will be integrated with the Dairy Farm Shopping Mall, fusing residential units, condo facilities and shops.
The closest MRT station, Hillview, is about 20 minutes’ walk away. On the bright side, the development is located near the German European School Singapore and the private school Saint Francis Methodist School, which could boost its attractiveness as a rental property to foreign students and families.
Browse all Dairy Farm Residences units for sale on PropertyGuru.
4. Avenue South Residence: Condo with Childcare Centre
Avenue South Residence is 99-year leasehold condo located on Silat Avenue in District 3 on the city fringe.
The property is very convenient for those who drive, as the CTE and MCE are located nearby, and Raffles Place can be reached in well under 10 minutes by car. The nearest MRT stations, Tiong Bahru and Outram Park, are a 19-minute walk away.
The development, whose TOP is expected in 2023, will comprise 1,074 residential units, eight shops and a childcare centre spread out over two high-rise towers of 56 storeys each, making it a highly convenient option for families with kids.
Browse all Avenue South Residence units for sale on PropertyGuru.
5. The Woodleigh Residences: Integrated with Shopping Mall on City Fringe
The Woodleigh Residences is located in the up and coming Bidadari neighbourhood in District 13. Residents at the upcoming mixed-use 99-year leasehold development will enjoy unblocked views of the scenic Alkaff Lake and Bidadari Park.
The project will comprise 667 units in eleven 13-storey blocks integrated with The Woodleigh Mall, which has a childcare centre and a 24-hour supermarket. It is expected to receive its TOP later this year.
The development is also located very close to the nearest MRT station, Woodleigh, which is less than five minutes’ walk away.
Browse all The Woodleigh Residences units for sale on PropertyGuru.
6. Parc Greenwich: EC in the Northeast of Singapore
Residents can commute using a combination of LRT and MRT, with the closest LRT station being Fernvale about 15 minutes’ walk away.
The development benefits from nearby amenities like The Seletar Mall and Buangkok Square Mall. Despite its rather far-flung location, it has proven popular with homebuyers as government grants can be used to purchase an EC.
Browse all Parc Greenwich units for sale on PropertyGuru.
7. One Pearl Bank: Close to CBD
One Pearl Bank is a luxury development situated in District 3, just next door to Pearl’s Hill City Park.
The development is located 8 minutes’ walk from Outram Park MRT station and 10 minutes’ walk from Chinatown MRT station, making it a very convenient choice for anyone who works in the CBD. Thanks to its excellent location, One Pearl Bank has proven popular with affluent buyers who wish to enjoy excellent connectivity.
The development is expected to receive its TOP in 2023, and many residents will be able to enjoy stunning views of the city skyline. The development will also feature the world’s first vertical sky allotment garden in a residential property, enabling residents to grow their own fruits and vegetables.
Browse all One Pearl Bank units for sale on PropertyGuru.
8. Verdale: In Green and Tranquil Upper Bukit Timah
Verdale is an upcoming 99-year leasehold condo in the Upper Bukit Timah area in District 21. It is located on De Souza Avenue, about 15 minutes’ walk from Beauty World MRT station on the Downtown Line.
The Upper Bukit Timah area is quite sought-after thanks to its proximity to green spaces like Bukit Timah Nature Reserve and Bukit Batok Nature Park. The area around Chun Tin Road has also become an F&B hotspot, with many popular eateries and cafes.
Verdale, whose TOP is expected in 2023, is a low-rise development consisting of a total of 258 units spread out over seven five-storey blocks. Thanks to the tranquillity of the Upper Bukit Timah area and the small size of the development, it is suitable for those hoping for a peaceful and green living environment.
Browse all Verdale units for sale on PropertyGuru.
9. Provence Residence: EC With Good Connectivity
Located in Sembawang in District 27, Provence Residence is a new EC at 23 Canberra Crescent expected to receive its TOP in 2025. As with most ECs, it has enjoyed high demand. The development consists of 412 units, 52% of which were sold on launch day.
Its popularity can also be attributed to its good connectivity by public transport, with Canberra MRT station located just 7 minutes’ walk away and Sembawang MRT station located 11 minutes’ walk away.
Browse all Provence Residence units for sale on PropertyGuru.
10. Leedon Green: Near Choice Schools
Leedon Green is a District 10 luxury condo development that sits at the intersection of Farrer Road and Holland Road. The freehold development, whose TOP is expected in 2023, consists of 638 units spread out over seven 12-storey blocks.
The development has proven highly popular with affluent buyers, with almost a third of units being sold during its launch weekend.
Holland Road offers quick access to the Orchard Road shopping belt as well as Holland Village’s F&B establishments and lifestyle amenities. The development is also highly convenient for families due to the Bukit Timah education belt with its many choice schools being just 10 minutes’ drive away.
The only downside is that the nearest MRT stations, Holland Village and Farrer Road, are located about 18 minutes’ walk away.
Browse all Leedon Green units for sale on PropertyGuru.
Which Condo Should You Buy?
As COVID-19 restrictions continue to be lifted, more are likely to return to offices and head to the city centre for leisure.
Those hoping for a short commute to the CBD or want a centrally located home can choose developments in or close to the CCR such as Leedon Green, One Pearl Bank, and Normanton Park.
If you still intend to primarily work from home or your priority is having a more spacious living area, projects in the OCR such as Dairy Farm Residences and The Florence Residence are good options.
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This article is written by Joanne Poh. Joanne writes about property and personal finance, and also creates content for banks and insurers. A former real estate lawyer, she now spends her free time compulsively learning languages and roller skating in carparks.