Capitaland Sells 945 Lyndenwoods Launch Day Amid Strong Demand Average 2450 Psf
LyndenWoods by CapitaLand Development Ltd saw a strong response from buyers on its launch day, July 12, with 94.5% of the project’s 343 units sold. The average price achieved for the development, located at Science Park Drive, was about $2,450 psf.
According to CLD, the majority of buyers were professionals, couples, and families, reflecting the project’s appeal to those who value proximity to workplaces, access to modern amenities, and green spaces. Ronald Tay, CEO of CLD Singapore, states that this launch signifies the company’s commitment to developing homes that meet evolving 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. As part of the Greater one-north innovation district, the area supports research and development, technology, and biomedical sciences, in line with the URA Draft Master Plan 2025’s vision to decentralise growth by integrating housing, jobs, and amenities.
The project, which comprises two 24-storey blocks, is adjacent to Geneo, a mixed-use development featuring five Grade-A business park buildings, a 250-unit Citadines serviced residence, and a retail mall. The two developments are linked directly to Kent Ridge MRT Station on the Circle Line, and in the future, a covered walkway will connect LyndenWoods to Geneo and the MRT station.
The majority of the units sold were two-bedroom and two-bedroom plus study layouts, with prices starting from $1.398 million and $1.959 million, respectively. All three-bedroom units, priced from $2.352 million, were also snapped up. Remaining units include three-bedroom plus study layouts starting from $2.894 million and four-bedroom premium units from $3.61 million.
Mark Yip, CEO of Huttons Asia, notes that the entry prices for the two-bedroom and two-bedroom plus study units were comparable to some Outside Central Region (OCR) projects. Many transactions were within the sweet spot of up to $2.5 million.
Situated in District 5, LyndenWoods is part of the Rest of Central Region (RCR). In addition to its attractive pricing and city fringe location, the project also appeals to buyers due to the future transformation plans for the area, according to Ismail Gafoor, CEO of PropNex. He also notes that the recent unveiling of the URA Draft Master Plan 2025 has signalled the potential introduction of more new homes to be injected into the locale over the coming years.
Aside from its 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, including the National University of Singapore (NUS), Anglo-Chinese Junior College, Singapore Polytechnic, and Fairfield Methodist School (Primary), making it an attractive choice for families, says Gafoor.
The Urban Redevelopment Authority (URA) has crafted an ambitious blueprint for Tampines through its Master Plan, aiming to revitalize the region into a dynamic, eco-friendly, and desirable hub. As a crucial planning zone in Singapore, Tampines is set to undergo major improvements in its infrastructure, facilities, and overall quality of life. Parktown Residence, strategically situated in Tampines North, is poised to reap the rewards of these proposed advancements. For a closer look at Parktown Residence, visit the Parktown Residence Showflat.
LyndenWoods is the first residential project to be launched following the government’s July 4 cooling measures, which reinstated the Seller’s Stamp Duty (SSD) holding period to four years with rates increased to 16%, 12%, 8%, and 4% for the first, second, third, and fourth year, respectively. The exceptional sales at LyndenWoods signal that buyers are unfazed by the extended SSD holding period, says Huttons’ Yip.
Marcus Chu, CEO of ERA Singapore, states that the property sector in Singapore “remains underpinned by strong fundamentals and continues to demonstrate remarkable resilience and enduring strength, despite global trade tensions and heightened economic headwinds”. Recent land bids also reflect developers’ confidence in the market, says Chu, with firm competition driving benchmark land prices. He believes that in this positive market environment, LyndenWoods presents a rare opportunity for homeowners and investors to secure a stake in one of Singapore’s most dynamic and rapidly growing districts.