Guocoland Sells 92 Units Springleaf Residence Average Price 2175 Psf
Joint developers GuocoLand and Hong Leong have recorded a successful launch for Springleaf Residence, with 870 units, out of a total of 941, sold within the first two days on August 15 and 16. The average selling price for the units was $2,175 per square foot (psf).
The five 25-storey towers saw almost all 340 of its two-bedroom units sold out, while 95% of the 384 three-bedroom units and 138 four-bedroom units were also taken up. There was also strong demand for the five-bedroom units, with 45% of the 71 units sold.
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This sales record reflects the confidence of the market in the growth potential of the Springleaf area, in line with the Urban Redevelopment Authority’s (URA) vision of creating a vibrant neighbourhood that blends urban living with natural spaces. “This marks the beginning of Springleaf’s transformation into one of the most sought-after private residential enclaves in Singapore, following the success we achieved at Lentor Hills estate,” says Dora Chng, residential director at GuocoLand.
Interested buyers can visit Springleaf Residence to get the latest information on available units and prices.
Located just a short two-minute walk from Springleaf MRT Station on the Thomson-East Coast Line, Springleaf Residence offers a variety of units at attractive prices. The indicative prices start at $860,000 for a 388 sq ft one-bedroom unit, $1.08 million for two-bedroom units, $1.62 million for three-bedroom units, and $2.45 million for four-bedroom units. According to Kelvin Fong, CEO of PropNex, the project has been priced competitively, with most units priced below $2.5 million, making it accessible to many buyers in today’s market.
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Fong also notes that the average selling price of $2,175 psf at Springleaf Residence is “highly attractive” when compared to recent transacted prices of new mass-market homes. Based on data from caveats lodged, the average unit price of new non-landed private homes sold in the Outside Central Region (excluding executive condos) was around $2,320 psf from January to August 10, 2025.
The majority of buyers at Springleaf Residence were Singaporeans and permanent residents, including singles, young couples, families, and multi-generational households. Marcus Chu, CEO of ERA Singapore, adds that many local private property residents in the Springleaf area and HDB upgraders from nearby estates have also purchased units. This is supported by the fact that between 2022 and 2025, around 4,800 flats in nearby HDB estates will reach their minimum occupation period, according to ERA Research and Market Intelligence.
In the conservation block, 20 of the 32 units were sold, with all eight one- and two-bedroom units taken up. Four of the 16 three-bedroom units have also been sold, leaving 12 units available. “These units are highly sought-after for their unique location and character,” says Mohan Sandrasegeran, SRI head of research. “The units in the conservation block are also noticeably more spacious compared to those in the main towers, offering a rare opportunity to live in history where timeless architecture meets contemporary living.”
Aside from its prime location next to Singapore’s largest nature reserve and a two-minute walk from Springleaf MRT Station, Springleaf Residence also offers easy access to Orchard Road, the Central Business District, Changi Airport, and Johor Bahru via the Thomson-East Coast Line.
According to ERA’s Chu, evidence shows that mega-developments near MRT stations have delivered strong returns for early buyers. This is expected to drive up developer confidence in the Upper Thomson Road (Parcel A) land sale tender, which is set to close on October 23. Mark Yip, CEO of Huttons Asia, predicts that there will be up to five bids within the range of $900 to $1,000 psf per plot ratio.
Springleaf Residence has emerged as the second best-selling project in 2025 in terms of number of units sold, after ParkTown Residences, where 1,041 out of 1,193 units were sold during its launch in February. With other projects like River Green, Promenade Peak, Canberra Crescent Residences, and Springleaf Residence also recording strong sales, developers have already sold more than 1,800 new private homes in August so far, according to PropNex. This sets August on track to be the strongest month for new home sales since November 2024, when over 2,500 units were transacted.
Cumulatively, from January to August 16, developers have sold more than 7,400 units of new private homes (excluding executive condos), surpassing the full-year transaction volumes of the past three years: 7,099 units in 2022, 6,421 units in 2023, and 6,469 units in 2024. Fong says that with several new launches expected in the rest of the year, 2025 is set to record a robust sales performance and achieve the highest developer sales tally since 2021, when 13,027 new units were sold. Interested buyers can check out the latest listings for Springleaf Residence properties and compare prices with other recently launched and upcoming projects.