Strong demand for UpperHouse, The Robertson Opus, Otto Place

Two new projects in the core central region (CCR)—UpperHouse at Orchard Boulevard and The Robertson Opus—launched over the weekend, drawing firm demand, with both moving more than 40 percent of their units.

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The launches of UpperHouse (301 units) and The Robertson Opus (348 units) mark the largest supply injection in the CCR since additional buyer's stamp duty measures were tightened in 2023, said PropNex chief executive Kelvin Fong.

UpperHouse, by UOL Group and Singapore Land Group, sold 162 units or more than 53.8 percent on July 19, at an average price of $3,350 per sq ft (psf).

The 99-year leasehold project offers units from one-bedroom and study to four-bedroom suites. Mr Fong added that one-bedders were priced at nearly $1.4 million, while two-bedders ranged from about $2.1 million to $2.7 million.

Mr Anson Lim, UOL's senior general manager of residential marketing, noted "healthy take-up across all unit types". The Bespoke Collection—31 four-bedders with private lift and parking—had a 30 percent take-up, with a high-floor unit selling for $7.66 million, or $3,724 psf.

UpperHouse is the best-selling CCR project since The M launched in 2020, said Huttons Asia chief executive Mark Yip. Nearly all three-bedroom units were sold, and one-third of the four-bedders were taken up, indicating "strong owner-occupier demand".

Singaporeans and permanent residents made up 99 percent of buyers, with the rest being foreigners. The project drew both owner-occupiers and long-term investors.

"To sell above 50 percent of the units for a CCR project is an excellent set of results. It highlights the resilient demand for prime CCR homes and strong fundamentals in Singapore's property market," Mr Yip noted.