CapitaLand’s LyndenWoods sells 94% of units on launch day at average S$2,450 psf

CapitaLand Development’s (CLD) LyndenWoods has achieved strong sales, with over 94% of its 343 units sold on launch day. This marks the first residential project launch since Singapore introduced the latest round of property cooling measures in early July. Despite these new rules, which include a higher seller’s stamp duty (SSD) and extended holding period, buyers responded positively to the project.

CLD sold 324 units at an average price of S$2,450 per square foot (psf). The project consists of two 24-storey towers and offers a mix of two- to four-bedroom units on a 99-year leasehold. Located along Science Park Drive in District 5, the development has a total site area of 11,556.9 square metres and a gross floor area of 31,730.4 sq m.

According to CLD, most buyers were professionals, couples, and families. Huttons Asia CEO Mark Yip pointed out that the strong sales indicate buyers are not deterred by the revised SSD policies. He added that households with strong financial positions are still investing in long-term assets.

ERA Singapore CEO Marcus Chu echoed this sentiment, noting that the changes are unlikely to significantly affect owner-occupiers or long-term investors. He said the project represents a rare opportunity in a rapidly growing innovation district.

PropNex CEO Ismail Gafoor noted that most units were priced under S$2.5 million, a price point seen as affordable for many buyers. He said LyndenWoods’ location, city-fringe accessibility, and future area transformation plans boosted its appeal. Some investors were also attracted by the project’s proximity to a business park, where rental yields tend to be stronger.

CLD Singapore CEO Ronald Tay said the sales performance confirms rising demand for high-quality, wellness-focused homes in future-ready locations. LyndenWoods appeals to those who want to live near work, with access to green spaces and amenities.

Indicative prices were:

• Two-bedroom units (635 to 883 sq ft): from S$1.39 million
• Three-bedroom units (1,023 to 1,292 sq ft): from S$2.35 million
• Four-bedroom units (1,647 sq ft): from S$3.58 million

In contrast, W Residences Marina View, which also launched on the same day, reportedly did not secure any sales by noon the next day. According to Nicholas Mak, chief research officer at Mogul.sg, the lack of foreign buyers and buyer price sensitivity amid economic uncertainty could be factors. With upcoming launches offering more options, some local buyers may be waiting for better value.

Mak noted that properties in the Core Central Region priced above S$3,100 psf may struggle to attract local demand in the current market climate.