Capitaland Sells 945 Lyndenwoods Launch Day Amid Strong Demand Average 2450 Psf
July 12 was an exceptional day for CapitaLand Development Ltd (CLD), as they achieved an incredible 94.5% sales rate on launch day for their latest development, LyndenWoods. Out of the 343 units available, 324 were sold at an average price of $2,450 per square foot (psf).The strong response from buyers was largely due to the project’s strategic location and attractive amenities. According to CLD, the project appealed to professionals, couples, and families, with over 12,000 visitors attending the two-week public previews prior to launch day.LyndenWoods is situated within the Singapore Science Park, a 55-hectare area earmarked for transformation into a dynamic work-live-play hub. The development is part of Phase 2 of this transformation, aligning with the URA Draft Master Plan 2025’s vision to decentralise growth and integrate housing, jobs, and amenities.The project comprises of two 24-storey blocks and is located across the street from Geneo, a mixed-use development featuring five Grade-A business park buildings, a Citadines serviced residence, and a retail mall all linked to Kent Ridge MRT Station. In the future, a covered walkway will connect LyndenWoods to Geneo and the MRT station.The majority of the units sold were the two-bedroom and two-bedroom plus study layouts, with prices starting from $1.398 million and $1.959 million respectively. All 45 three-bedroom units were also snapped up, with prices starting from $2.352 million. The remaining units include three-bedroom plus study layouts starting from $2.894 million and four-bedroom premium units from $3.61 million.LyndenWoods’ entry prices for the two-bedroom and two-bedroom plus study units were on par with some projects in the Outside Central Region (OCR), according to Mark Yip, CEO of Huttons Asia. Many transactions also fell within the “sweet spot” price range of up to $2.5 million, notes Yip.The project is situated in District 5, part of the Rest of Central Region (RCR). Ismail Gafoor, CEO of PropNex, notes that the attractive pricing, city fringe location, and future transformation plans for the area were key selling points for buyers. Gafoor also sees this launch as a test of demand for housing in the Science Park precinct, especially with the potential introduction of more new homes in the area in the coming years as outlined in the URA Draft Master Plan 2025.Beyond its location, buyers were also drawn to the project’s nearby amenities, including the Kent Ridge MRT station, The Star Vista mall, and One Holland Village. Reputable schools in the area such as National University of Singapore (NUS), Anglo-Chinese Junior College, Singapore Polytechnic, and Fairfield Methodist School (Primary) were also a draw for families.LyndenWoods is the first residential launch following the government’s July 4 cooling measures, which included the reinstatement of the Seller’s Stamp Duty (SSD) holding period to four years. Despite this, the exceptional sales at LyndenWoods demonstrate that buyers are not deterred by the extended SSD holding period, according to Huttons’ Yip.According to Marcus Chu, CEO of ERA Singapore, the property sector in Singapore remains strong and resilient despite global trade tensions and economic headwinds. Recent land bids also reflect developers’ confidence in the market, with LyndenWoods being an excellent opportunity for homeowners and investors to secure a stake in one of the city-state’s most dynamic and rapidly growing districts.
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