Attention all home buyers looking for a property in District 5 – the latest project from CapitaLand Development might be just what you are looking for. The developer reported the successful sale of 94.5% of units at LyndenWoods on its launch day, July 12. This is a testament to the project’s appeal to a diverse range of buyers, from young professionals to families.
LyndenWoods is situated in District 5, an up-and-coming area that is poised for growth. The location offers proximity to workplaces, modern amenities, and green spaces, making it ideal for those looking to live a well-balanced and convenient lifestyle. Ronald Tay, CEO of CLD Singapore, believes that the project’s success is a reflection of CLD’s commitment to developing homes that cater to changing lifestyle needs while offering long-term investment value.
The launch of LyndenWoods followed two weeks of public previews, which drew over 12,000 visitors. This shows that there is strong interest in the project, with many potential buyers eager to secure a unit in this highly sought-after development.
One of the key factors driving the demand for LyndenWoods is its location within the 55-ha Singapore Science Park. The project is part of the Greater one-north innovation district, which supports research and development, technology, and biomedical sciences. This aligns with the URA Draft Master Plan 2025, which aims to decentralise growth by integrating housing, jobs, and amenities.
The development comprises of two 24-storey blocks, located just across from Geneo, a mixed-use development featuring five Grade-A business park buildings, a 250-unit Citadines serviced residence, and a retail mall. The project is also directly linked to Kent Ridge MRT Station on the Circle Line, making it convenient for residents to commute to different parts of the city. Additionally, a covered walkway will be constructed in the future, connecting LyndenWoods to Geneo and the MRT station.
Out of the 343 units launched, 324 were sold on the launch day, with an average price of $2,450 psf. Buyers were mainly professionals, couples, and families, who were attracted to the project’s excellent location and potential for future growth. All 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. The remaining units include three-bedroom plus study types starting from $2.894 million ($2,240 psf) and four-bedroom premium units from $3.61 million ($2,192 psf).
Despite the recent cooling measures, which have reinstated the Seller’s Stamp Duty (SSD) holding period to four years, buyers were still eager to purchase units at LyndenWoods. The success of this launch shows that buyers are confident in the Singapore property market and see it as a good long-term investment.
In addition to the attractive pricing and city fringe location, buyers were also drawn to the nearby amenities, such as the Kent Ridge MRT station, The Star Vista mall, and One Holland Village. The area is also home to reputable schools like the National University of Singapore (NUS), Anglo-Chinese Junior College, Singapore Polytechnic, and Fairfield Methodist School (Primary), making it an ideal location for families.
The recent unveiling of the URA Draft Master Plan 2025 has signalled the potential introduction of more new homes in the area over the coming years. This further solidifies LyndenWoods as a highly desirable and promising development, with tremendous potential for growth.
Overall, the exceptional sales at LyndenWoods demonstrate the enduring strength of the Singapore property market, despite global economic headwinds. With developers showing confidence in the market and recent land bids driving benchmark prices, LyndenWoods presents a rare and attractive opportunity for homeowners and investors looking to secure a stake in one of Singapore’s most dynamic and rapidly growing districts.