Advertisement

Top 10 Best-Selling Condos in Q1 2023: Why Are They So Popular?

Mary Wu
Top 10 Best-Selling Condos in Q1 2023: Why Are They So Popular?
According to the PropertyGuru Singapore Property Market Report Q2 2023, despite the uncertain economic outlook as well as the challenges of higher interest rates, borrowing costs, and stamp duties, the new major Q1 2023 condo launches did well. Sceneca Residence, Terra Hill and The Botany at Dairy Farm sold between 30% and 55% of their units on their launch weekend.
But which are the best-performing condos or new launch projects for the quarter? Here’s a look at the top 10 performing projects for non-landed private property for Q1 2023, including Executive Condominiums (ECs).

Top 10 Best-Selling Condos in Q1 2023

1. The Botany at Dairy Farm: A Green Oasis for Families

Touted as one of the most affordable launches with units under $1 million, many flocked to buy units at The Botany at Dairy Farm. However, beyond the price, this 386-unit development by Sim Lian Group is also popular for its elegance and efficient layout, proximity to an MRT station and other amenities – and most importantly, a spectacular view of Bukit Timah Nature Reserve with other lush spaces within and around the condo (about 413 hectares).
This 99-year leasehold property is expected to be completed in 2027. The development has the usual facilities and then some. This includes the gym, sauna, clubhouse, pools, playground, jacuzzi, tennis courts, jogging track and community garden.
The Botany at Dairy Farm is about an 11-minute walk to Hillview MRT station on the Downtown Line. A free shuttle bus to nearby MRT stations will also be provided for a year. There are a couple of malls nearby, including The Rail Mall, HillV2, Bukit Panjang Plaza, Hillion Mall and the upcoming Dairy Farm Mall in 2024. Nearby schools include CHIJ Our Lady Queen of Peace, St Francis Methodist School, Assumption English School, Assumption Pathway School and Bukit Panjang Primary School so it is ideal for families with school-going children.
Browse all The Botany at Dairy Farm units for sale on PropertyGuru.

2. Sceneca Residence: Direct Access to Tanah Merah MRT Station

Seneca Residence, a joint development by MCC Singapore, Ekovest Development, and The Place Holdings, has 268 units from 1-bedroom apartments to 4-bedroom penthouses. Located at Tanah Merah Kechil Link with direct access to Tanah Merah MRT station along the East-West Line (EWL), the 99-year leasehold project is expected to be completed in 2026.
The development is blessed with amenities. These include shopping centres Bedok Mall, Bedok Town Centre, Changi City Point, and Eastpoint Mall. For recreation, families can flock to Downtown East and East Coast Park, or head to Simpang Bedok or Bedok 85 for a delicious supper.
For parents who are looking for nearby schools to send their kids to, you will have choices such as Fengshan Primary School, Temasek Polytechnic, Anglican High School, and so on. Bustling work districts that include Changi Airport and Changi Business Park are also a short train ride away.
Browse all Sceneca Residence units for sale on PropertyGuru.

3. Terra Hill: Enjoy An Amazing View of Southern Singapore

If your criteria for a condo are: freehold, amazing view and luxury, Terra Hill would certainly fit the bill.
Developed by Hoi Hup Sunway Kent Ridge, the hillside condo has 270 units, that include 5-bedroom duplex penthouses. It sits on top of the former Flynn Park, which means that residents will be treated to an amazing view of southern Singapore (depending on where the unit faces) every day.
Due to be completed in 2026, this Yew Siang Road project is located within the up-and-coming Greater Southern Waterfront area that is primed for much development in the next 10 years. Residents will be close to Harbourfront Centre, Kent Ridge Park, Sentosa Henderson Waves, nostalgic Queenstown and more, with Pasir Panjang MRT station just a short walk away.
Browse all Terra Hill units for sale on PropertyGuru.

4. Pullman Residences: Upscale Living Close to Town

Still ever-popular after appearing on the best-selling condo list for Q4 2022, the upscale Pullman Residences is back to impress.
With 340 units, the freehold development is slated to be completed by 2023. Pullman Residences is also conveniently located across the road from Newton MRT station, which means that residents of this Dunearn Road property can quickly get to great locations that include Newton Food Centre, Orchard Road, Novena, and the Central Business District (CBD) via the NSL and DTL.
Browse all Pullman Residences units for sale on PropertyGuru.

5. Leedon Green: Everything Within Reach

From being close to choice schools to food and nature, Leedon Green along Adam Road has it all. The freehold 638-unit property is just an eight-minute walk from Farrer Road MRT station. Slated to be completed in 2024, the 12-storey project is developed by MCL Land & Yanlord Land.
Foodies will love that Empress Market is just around the corner, as well as Holland Village and Adam Road Food Centre. For parents, Leedon Green is also close to popular schools, such as Nanyang Primary School, Hwa Chong Institution and Henry Park Primary School.
And of course, our very own World Heritage Site, the Singapore Botanic Gardens, is practically just next door for leisurely strolls.
Browse all Leedon Green units for sale on PropertyGuru.

6. Rivière: Languid Living Along the Singapore River

Rivière, which is slated to receive its Temporary Occupation Permit (TOP in 2023, has been a top-selling condo for the fourth quarter in a row. Located on the former site of Zouk nightclub on Jiak Kim Street, the 455-unit leasehold property aptly sits along the iconic Singapore River.
Future residents will enjoy the convenience of heading to Havelock MRT station (a five-minute walk away), and Great World City (a nine-minute walk away) by foot. They can also stroll down the Singapore River, which stretches down to the hip Robertson Quay district, CBD, and beyond.
Browse all Rivière units for sale on PropertyGuru.

7. Perfect Ten: Perfection in Every Aspect, Especially Location

Perfect Ten, located in District 10, has several “perfect" aspects: its freehold status, good transportation links and proximity to amenities and choice schools.
Slated for completion in 2026, Perfect Ten has 230 units and is developed by Japura Development. The condo is also served by two MRT stations, namely Newton on the North South Line (NSL) and Downtown Line, as well as Stevens on the Downtown Line and Thomson-East Coast Line. This means that everything is within reach, including a jaunt to town, or even up to Bukit Panjang to visit friends.
Parents will find comfort that their children will also be a quick bus to popular schools in the Bukit Timah area, and there are many amenities and speciality shops close by. Those who enjoy nature and taking walks will appreciate that the Singapore Botanic Gardens is a quick train ride away.
Browse all Perfect Ten units for sale on PropertyGuru.

8. The Landmark: Prime Estate Close to Bustling Chinatown

The Chinatown area is certainly hot, as it is home to the One Pearl Bank condo that retains the iconic cylindrical architecture design of the previous Pearl Bank apartments. On the other side of Pearl’s Hill, you will find The Landmark, which is slated to receive its TOP in 2025.
A project by developer Landmark JV Pte Ltd (Joint Venture by ZACD Group Limited and MCC Land), this 99-year leasehold condo at Chin Swee Road will have 396 units. Residents will be within a 10-minute walk to Chinatown MRT station, which is only two stops from the CBD.
Aside from the local fare found around the Chinatown area, residents will have easy access to the numerous F&B options around the Roberston Quay area.
Browse all The Landmark units for sale on PropertyGuru.

9. Hyll on Holland: Stunning Vistas and Natural Ventilation

Hyll on Holland, developed by FEC Skypark Pte Ltd (FEC International Limited & Koh Brothers Development), is a freehold condominium that is on Holland Road on the Circle Line. Expected to receive its TOP in 2025, the 319-unit project features stunning vistas and natural ventilation with a full-height glass curtain wall and side-by-side living and dining spaces.
The high-end project is a 12-minute walk to Holland Village MRT station and the surrounding amenities of the hip area such as cool cafes, a 24-hour supermarket and more are within easy reach. One can also visit Orchard Road, Dempsey Hill, and the Singapore Botanic Gardens, all of which are a short drive away.
Browse all Hyll on Holland units for sale on PropertyGuru.

10. Klimt Cairnhill: A Golden Beacon With Great Amenities

Developed by Low Keng Huat (Singapore) Limited, Klimt Cairnhill is a freehold condominium that is set to receive its TOP in 2025. Located in the prime District 9, in Orchard / River Valley, the 138-unit project is an eight-minute walk from Newton MRT station (NSL and Downtown Line).
Klimt Cairnhill also swept two accolades at the 2021 PropertyGuru Asia Property Awards. These were Best Ultra Luxury Condo Architectural Design (Singapore) — Winner; and Best Ultra Luxury Condo Development (Singapore) — Highly Commended.
This single-block condo with a striking golden facade is a redevelopment of the former Cairnhill Mansions, which was sold en bloc in 2018 for $362 million. Residents will be close to the Orchard Road shopping belt (300m), and enjoy amenities that include malls, F&B, medical centres and choice schools: St. Joseph’s Institution, Singapore Chinese Girls’ School, ACS (Barker Road), Anglo-Chinese School (Primary), St. Joseph’s Institution Junior and Anglo-Chinese School (Junior).
Browse all Klimt Cairnhill units for sale on PropertyGuru.

Which Best-Selling Condo Should You Go For?

When choosing which condo to buy, there are various factors at play here. One of the most important is budget.
In light of the still-climbing property prices, the Government has stepped in with the new April 2023 property cooling measures, which notably saw Additional Buyer’s Stamp Duty (ABSD) rates for foreigners double (from 30% to 60%). With the Budget 2023’s Buyer’s Stamp Duty (BSD) adjustment, the cost of acquiring properties has gotten more expensive.
Aside from budget, you will also want to look at other factors that include but are not limited to accessibility/location, nearby amenities and schools, condo facilities, and even layout as that may impact livability.
You may also want to look at upcoming developments in the area, such as MRT lines, new schools and shopping malls, and other condos. That’s where consulting the URA Master Plan can be useful. For investors and those intending to sell their properties down the road, price trends are key as well.
If you need help picking the ‘best’ home loan to finance your property purchase, get in contact with our Mortgage Experts. From providing you with unbiased home financing advice to recommending the most competitive mortgage packages on the market, they’re here to guide you every step of the way.
For more property news, content and resources, check out PropertyGuru’s guides section.
Need help financing your latest property purchase? Let the mortgage experts at PropertyGuru Finance help you find the best deals.
Disclaimer: The information is provided for general information only. PropertyGuru Pte Ltd makes no representations or warranties in relation to the information, including but not limited to any representation or warranty as to the fitness for any particular purpose of the information to the fullest extent permitted by law. While every effort has been made to ensure that the information provided in this article is accurate, reliable, and complete as of the time of writing, the information provided in this article should not be relied upon to make any financial, investment, real estate or legal decisions. Additionally, the information should not substitute advice from a trained professional who can take into account your personal facts and circumstances, and we accept no liability if you use the information to form decisions.

More FAQs About Best-Selling Condos in Q1 2023

The current market situation of high mortgage rates and higher prices aside, this really depends on your current financial situation, reasons for getting a condo (own stay or investment) and even the location of the property.

Well yes, but with a difference. ECs or executive condominiums are built by a private developer in partnership with HDB. It is priced cheaper but for the first 10 years, HDB regulations apply, such as a five-year minimum occupancy period. Only from its 11th year onwards, will ECs be fully privatised.

Here are some ballpark figures. A condo in the OCR would likely be the most affordable, at about $1 million or less. This is followed by condos in the RCR, which could be $1 to $3 million. The most expensive are condos in the CCR, which could cost anything from $2.5 million and up to $6 million or more.