Over 900 Homes Sold at 3 New Launches: River Green Leads With 88% Take-Up at S$3,130 PSF

The Singapore new launch market showed strong momentum over the weekend as more than 900 private homes were sold across three new projects — River Green, Promenade Peak, and Canberra Crescent Residences.

River Green: 88% Sold, Highest Sales Rate

River Green by Wing Tai, located at River Valley Green in District 9, was the standout performer. It sold 460 out of 524 units (88%) at an average price of S$3,130 psf. Around 98% of buyers were Singaporeans and permanent residents, according to the developer.

The development’s smaller unit sizes made it more accessible, with:

• 1-bedroom units from S$1.16M to S$1.5M

• 2-bedroom units from S$1.46M to S$2.4M

• 3-bedroom units from S$2.19M to just under S$3M

• 4-bedroom units from S$2.7M to S$3.5M

With an average unit size of 668 sq ft, River Green’s compact layouts helped keep quantum prices attractive, particularly for first-time CCR buyers.

Promenade Peak: 54% Sold in City Fringe

At Promenade Peak, located in the same River Valley area, developer Allgreen Properties achieved a 54% take-up rate, moving 320 out of 596 units.

Prices ranged widely across collections:

• Promenade Collection (1–3 bedders): Avg S$2,894 psf

• Promenade Suites (3–5 bedders): Avg S$3,343 psf

• Highest transaction hit S$3,521 psf

Breakdown of pricing:

• 1-bedroom: From S$1.4M

• 2-bedroom: From S$1.8M

• 3-bedroom: From S$2.8M

• 4–5 bedroom: From S$4.6M to S$6.6M

About 90% of buyers were Singaporeans, with permanent residents and foreigners making up the rest. The strong response from upgraders and end-users highlights confidence in the project’s location and layout.

Canberra Crescent Residences: 40% Sold in OCR

In the suburban north, Canberra Crescent Residences sold about 150 of 376 units (40%) at an average of S$1,974 psf.

This marks the first launch in Canberra since 2021 and the first in the north since Norwood Grand in 2024.

Prices ranged from:

• S$880K for a 1-bedder

• Up to S$2.6M for a 4-bedder

Most buyers opted for 2- and 3-bedroom units, which made up 80% of sales. All three 1-bedroom units were also snapped up.

Market Outlook: Demand Remains Resilient

With over 1,820 units sold in Q3 2025 so far — surpassing all of Q2’s 1,212 units — analysts see signs of a broader market recovery, particularly in the Core Central Region.

The response at River Green and Promenade Peak points to renewed confidence in high-end homes, driven by a narrowing price gap between CCR and RCR launches.

Developers are also seeing results from strategic land purchases made during market slowdowns, allowing for attractive pricing strategies today.

What’s Next?

The strong sales momentum sets the tone for upcoming launches like:

• Zyon Grand (later this year)

• River Valley Green (Parcel B) (next year)

If you’re looking to understand the new launch landscape or invest in an upcoming development, this recent wave of buyer activity suggests that confidence is back — especially for well-located, thoughtfully priced projects.