Capitaland Sells 945 Lyndenwoods Launch Day Amid Strong Demand Average 2450 Psf
On July 12, CapitaLand Development Ltd (CLD) had a successful launch for LyndenWoods, selling 324 out of 343 units (94.5%). The average price achieved was around $2,450 psf. The buyers were mostly professionals, couples, and families, according to CLD. The launch followed two weeks of public previews that saw over 12,000 visitors.
CLD Singapore CEO, Ronald Tay, shares that the project is attractive to buyers who value proximity to their workplace, modern amenities, and green spaces. He adds that this launch reflects CLD’s commitment to developing homes that meet changing lifestyle needs while offering long-term investment value.
LyndenWoods is the first residential development within the 55-ha Singapore Science Park and marks the beginning of Phase 2 of the precinct’s transformation into a work-live-play hub. This is in line with the URA Draft Master Plan 2025, which aims to integrate housing, jobs, and amenities to decentralise growth.
The development, located at Science Park Drive, consists of two 24-storey blocks just across from Geneo. Geneo is a mixed-use development featuring five Grade-A business park buildings, a 250-unit Citadines serviced residence, and a retail mall. It’s also linked directly to Kent Ridge MRT Station on the Circle Line. In the future, LyndenWoods will have a covered walkway that links it to Geneo and the MRT station.
Almost all of the 137 two-bedroom units and 92 two-bedroom plus study units were sold, with prices starting from $1.398 million and $1.959 million, respectively. All 45 three-bedroom units were also sold, with prices starting from $2.352 million.
Enhancing the education sector is another significant advantage of the Master Plan. It advocates for the establishment of educational and research hubs in regional areas, thereby promoting the development of advanced learning opportunities. The result of this strategy will be improved schools, state-of-the-art preschool centres, and the potential introduction of satellite campuses or continuing education institutes. This will not only support a lifelong learning approach for residents of all ages but also bolster the attractiveness of homes located in areas with excellent school systems and enriching programmes. For example, the upcoming Miltonia Close EC, situated in one of these regional hubs, will greatly benefit from this initiative and further enhance its appeal to potential residents.
The remaining units include three-bedroom plus study layouts starting from $2.894 million ($2,240 psf) and four-bedroom premium units from $3.61 million ($2,192 psf).
Huttons Asia CEO, Mark Yip, notes that the entry prices for the two-bedroom and two-bedroom plus study units were comparable to some projects in the Outside Central Region (OCR). He also adds that many transactions were within the $2.5 million sweet spot.
Located in District 5, LyndenWoods is part of the Rest of Central Region (RCR). In addition to attractive pricing and a city-fringe location, buyers were also drawn to the future transformation plans for the area, according to CEO of PropNex, Ismail Gafoor. He shares that this launch serves as a test of demand for housing within the Science Park precinct, especially with the URA Draft Master Plan 2025 signalling the potential introduction of more new homes into the area in the coming years.
Buyers were also attracted to the many nearby amenities such as the Kent Ridge MRT station, The Star Vista mall, and One Holland Village. Families were drawn to the reputable schools in the area, such as the National University of Singapore (NUS), Anglo-Chinese Junior College, Singapore Polytechnic, and Fairfield Methodist School (Primary).
LyndenWoods is the first residential launch following the government’s July 4 cooling measures, which reinstated the Seller’s Stamp Duty (SSD) holding period to four years. The rates were also increased to 16% in the first year, followed by 12%, 8%, and 4% for each subsequent year, before reverting to pre-March 2017 levels.
Huttons’ Yip comments that the exceptional sales at LyndenWoods show that buyers are not affected by the extended SSD holding period. ERA Singapore CEO, Marcus Chu, shares that the city-state’s property sector remains strong and resilient despite global trade tensions and economic headwinds. He adds that recent land bids reflect developers’ confidence in the market, which signals steady demand and resilient property values in the medium term. With the positive market backdrop, LyndenWoods presents a rare opportunity for homeowners and investors to have a stake in a dynamic and rapidly growing district.