According to PropertyGuru’s Singapore Property Market Report Q1 2023, the number of private homes sold decreased in Q4 2022. While transaction volumes usually drop in the last quarter of the year, this year saw a bigger-than-normal dip than in Q4 2018 and Q4 2019 (i.e. during pre-COVID times).
This could be because of factors including ‘revenge travelling’ following the lift of COVID-19 travel restrictions, lack of new condo launches, and the new 15-month wait-out period for private home buyers ‘downgrading’ to HDB flats announced during the September 2022 property cooling measures.
Nonetheless, let’s take a look at the top 10 best-selling condos in Q4 2022.
Top 10 Best-Selling Condos in Q4 2022
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1. Perfect Ten: High Life on District 10
Boasting freehold status in one of the most affluent districts in town, Perfect Ten is an upcoming development situated right between Newton and Stevens MRT stations. Residents will be a stone’s throw away from town and have no problem travelling further out with access to the Downtown line (DTL), North-South Line (NSL) and Thomson-East Coast Line (TEL).
Given its address, it’s no surprise that this condominium continued to be on the best-selling list this quarter. Doors are estimated to open to residents for its 230 units when it receives its Temporary Occupation Permit (TOP) in 2026.
Browse all Perfect Ten units for sale on PropertyGuru.
2. Rivière: Luxury Living along the Singapore River
Rivière maintained its streak as a top-selling condo for the third quarter in a row. The 99-year leasehold development will have 455 units located on the former site of the famous Zouk nightclub.
With the relocation of the super-club out of the district, Rivière will sit peacefully along the Singapore River, which stretches down to the hip Robertson Quay district, CBD, and beyond. Residents will also be a five-minute walk from Havelock MRT station, and nine minutes away from Great World City. The development is expected to receive its TOP this year.
Browse all Rivière units for sale on PropertyGuru.
3. Leedon Green: Premier Living along Bukit Timah
With 638 freehold residential units, Leedon Green along Adam Road is located about an eight-minute walk away from Farrer Road MRT station. With Empress Market and the Bukit Timah belt just around the corner, residents will also be spoiled for choice with food establishments galore down the road at Holland Village as well.
Families can consider Leedon Green for its proximity to choice schools such as Nanyang Primary School, Hwa Chong Institution, and Henry Park Primary School. The world-renowned Singapore Botanic Gardens is also just next door for leisurely walks amid nature in the evening.
Browse all Leedon Green units for sale on PropertyGuru.
4. One Holland Village Residences: Elevated Community Living
The highly anticipated One Holland Village Residences in the heart of Holland Village has been attracting buyers since it launched. The new mixed-use development sits on a popular enclave, a short drive from the stylish Dempsey estate to the popular Orchard Road shopping belt.
Providing a perfect ‘suburban’ enclave for families who want to stay close to town, the District 10 condominium will place children within reach of choice schools. The development is expected to receive its TOP in 2025.
5. Pullman Residences: An Upscale Condo Close to Good Food
An offshoot of the luxurious Pullman hotel chain, the new Pullman Residences will have 340 units along Dunearn Road. Directly across the road from Newton MRT station, residents can enjoy short commutes to Orchard Road, Novena, and the CBD via the NSL and DTL.
The development is also a five-minute walk away from the famous Newton Hawker Centre, so residents can eat to their heart’s delight whenever they’re in the mood for good food. The development is expected to receive its TOP this year.
Browse all Pullman Residences units for sale on PropertyGuru.
6. One Pearl Bank: The Rebirth of a Local Icon
The iconic One Pearl Bank made a comeback with a refreshed look, which has kept it right on the best-seller list. As one of the most recognisable buildings on the island, the new reboot of this condominium will have 774 residential units within its 39-story tall building boasting magnificent views of Singapore’s cityscape.
Residents will be a five-minute walk away from the Outram Park MRT station, for commutes to the Financial District on the TEL and NEL, as well as a 10-minute walk away from the cultural centre of Chinatown. The development is expected to receive its TOP this year.
Browse all One Pearl Bank units for sale on PropertyGuru.
7. Hyll on Holland: A Freehold Luxury on the Hill
Located in one of Singapore’s most desirable districts, Hyll on Holland is a freehold condominium that is expected to receive its TOP in 2025.
The closest MRT station to this condo is Holland Village, on the Circle Line (CCL), about a 12-minute walk away. Known for its fancy bars and hipster cafes, the Holland Village neighbourhood will also have a little something for everyone.
Furthermore, Orchard Road, Dempsey Hill, and the Singapore Botanic Gardens are a few minutes away for those who drive.
Browse all Hyll on Holland units for sale on PropertyGuru.
8. The Landmark: Seclusion Even Within the City
Situated on the other side of Pearl’s Hill, where the famous One Pearl Hill condominium is being developed, The Landmark’s 396 units will place its residents at the very centre of prime estates such as Tiong Bahru, Robertson Quay, and Dhoby Ghaut.
It is also a nine-minute walk to Chinatown MRT station, which will then provide short commutes with only two stops to the CBD. This development is expected to receive its TOP in 2025.
Browse all The Landmark units for sale on PropertyGuru.
9. Lentor Modern: Contemporary Living in the Suburbs
A new development in the upmarket Lentor estate, Lentor Modern is a mid-sized development with 605 residential units up for grabs. Surrounded by heartland estates such as Yio Chu Kang and Ang Mo Kio, residents will have easy access to various amenities just a short drive away.
The condominium is also situated directly beside the newly launched Lentor MRT station on the TEL, allowing a convenient commute to the Orchard Road shopping belt in under 20 minutes. The development is expected to receive its TOP in 2026.
Browse all Lentor Modern units for sale on PropertyGuru.
10. Haus on Handy: A Hidden Luxury at Dhoby Ghaut
Right next to Plaza Singapura, Haus on Handy has 188 residential units hidden just off the main shopping street along Orchard Road. Less than a five-minute walk away from Dhoby Ghaut MRT station, residents will have easy commutes to Raffles Place and the CBD.
Blocked from the noisy traffic along the road facing MacDonalds House, Haus on Handy provides a quiet respite from the hustle and bustle of town, while not being too far away from it. The development is expected to receive its TOP in 2023.
Browse all Haus on Handy units for sale on PropertyGuru.
Which Condo Should You Buy?
Of the top 10 performing developments in Q4 2022, six of them were within the CCR. This time around, the only OCR condo on the list was Lentor Modern, which was the best-performing project in Q3 2022. Last quarter, Lentor Modern sold 84% of its 605 units during its launch weekend.
In Q1 2023, new launch projects are expected to do well, with Sceneca Residence selling 60% of its units on launch at an average of $2,072 per square foot (PSF).
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