Over 900 Condo Units at 3 New Projects Snapped Up Over Weekend

Strong Interest in River Green, Promenade Peak Shows High Demand for Prime Homes

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Home buyers took up more than 900 new condominium units over the weekend, with River Green in River Valley chalking up the strongest sales rate of 88 percent at an average price of $3,130 per sq ft (psf).

Promenade Peak, also in the River Valley area, recorded a 54 percent take-up rate, with prices going up to $3,521 psf; while the suburban Canberra Crescent Residences moved 40 percent of its units at an average price of $1,974 psf.

Taken together, the three new projects sold more than 62 percent of their combined inventory of 1,496 units, noted PropNex chief executive Kelvin Fong.

Including the 893 new units sold in July, the new home sales tally (excluding executive condominiums) for the third quarter of 2025 so far stands at more than 1,820 units—well over the 1,212 sold in the whole of the second quarter, Mr. Fong said.

This reflects continued strength in private housing demand and home buyers' confidence in the mid- to long-term outlook for Singapore's residential property market, he said.

Huttons Asia CEO Mark Yip highlighted that the strong turnout at the 524-unit River Green and 596-unit Promenade Peak, in particular, indicates robust appetite for prime homes.

"To collectively sell more than 700 units on launch weekend is an impressive result," said Mr. Yip. "This speaks volumes of the demand in the market and acceptance of these two projects."

The strong weekend performance also pushes new home sales in the core central region (CCR) to their highest level in over 16 quarters, said Mr. Fong. It signals a broader recovery in the CCR market, following tepid sales since additional buyer's stamp duty rates were hiked in April 2023, he noted.

"Many buyers are seeing the strong value proposition of CCR projects in view of the narrowing price gap between CCR new launches and that of the rest of the central region of late."