The joint developers GuocoLand and Hong Leong have successfully sold 870 out of 941 units at Springleaf Residence during its launch on August 15 and 16. The average selling price of the units was $2,175 per square foot (psf).
The demand was incredibly high, with almost all of the 340 two-bedroom units in the five 25-storey towers being sold out. 95% of the 384 three-bedroom units and 138 four-bedroom units were also taken up. 45% of the 71 five-bedroom units were sold as well.
According to GuocoLand, this strong demand is a reflection of the market’s confidence in the growth potential of the Springleaf area, in line with the Urban Redevelopment Authority’s (URA) vision of creating a vibrant neighbourhood that harmonizes 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, the residential director at GuocoLand.
Prospective buyers can find out the latest available units and prices for Springleaf Residence by checking with the developers.
Springleaf Residence, located just a 2-minute sheltered walk from the Springleaf MRT Station on the Thomson-East Coast Line, offers indicative prices starting from $860,000 for a 388 sq ft one-bedroom unit, around $1.08 million for two-bedroom units, $1.62 million for three-bedroom units, and $2.45 million for four-bedroom units. “The project has been priced competitively, with most units falling below the $2.5 million mark – a price range that remains accessible to many buyers in the current market,” says Kelvin Fong, the CEO of PropNex.
Fong also notes that the average selling price of $2,175 psf at Springleaf Residence is quite compelling when compared to recent prices of new mass-market homes. Based on lodged caveats, the average unit price of new non-landed private homes sold in the Outside Central Region (excluding executive condos) was around $2,320 psf between January to August 10, 2025.
The buyers at Springleaf Residence were mostly Singaporeans and permanent residents, coming from various demographics including singles, young couples, families, and multi-generational households.
Marcus Chu, the CEO of ERA Singapore, also adds that buyers included local private property residents in the Springleaf area and HDB upgraders from nearby estates. This is backed by data from ERA Research and Market Intelligence showing that between 2022 and 2025, around 4,800 flats in nearby HDB estates will reach their minimum occupation period.
At the conservation block, 20 out of 32 units were sold, with all eight one- and two-bedroom units being taken. Four of the 16 three-bedroom units were sold, leaving 12 available. “These units are appealing for their unique location and character,” says Mohan Sandrasegeran, the head of research at SRI. “Some units in the conserved block are noticeably more spacious than their counterparts in the main towers,” he adds. These units offer a rare opportunity to live in a piece of history, where timeless architecture meets contemporary living.
The main attraction of Springleaf Residence is its integration with nature and community spaces, offering a distinctive lifestyle for buyers who value identity, design, and a deeper connection to their home, according to Sandrasegeran.
The Upper Thomson (Parcel A) GLS site is located right next to Springleaf Residence. The site is expected 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, notes EdgeProp Landlens.
Aside from being adjacent to Singapore’s largest nature reserve and a two-minute walk from the Springleaf MRT Station, residents at Springleaf Residence can also easily access Orchard Road, the CBD, Changi Airport, and Johor Bahru via the Thomson-East Coast Line.
“Evidence has shown that mega-developments near MRT stations deliver strong returns for early buyers,” says ERA’s Chu.
The strong sales at Springleaf Residence are expected to boost developer confidence in the Upper Thomson Road (Parcel A) land sale tender, which is set to close on October 23, according to Mark Yip, the CEO of Huttons Asia. He expects up to five bids at a range of $900 to $1,000 psf per plot ratio.
In fact, the sales at Springleaf Residence have made it the second best-selling project in 2025, after ParkTown Residences, where 1,041 out of 1,193 units were sold during its launch in February.
Including transactions from projects such as River Green, Promenade Peak, Canberra Crescent Residences, and Springleaf Residence, developers have sold more than 1,800 new private homes in August so far, notes PropNex. This puts August on track to post the strongest month for new home sales since November 2024, where more than 2,500 units were transacted during that month, says Fong.
Cumulatively, from January to August 16, developers’ private new home sales have exceeded 7,400 units (excluding executive condos), adds PropNex. This figure has already surpassed the full-year transaction volume in each of the last three years: 7,099 units in 2022; 6,421 units in 2023; and 6,469 units in 2024. “With several new launches still to come in the rest of the year, 2025 is set to see a robust sales performance – potentially recording the highest developer sales tally since 2021, when 13,027 new units were sold,” says Fong.