Despite challenging market conditions prevailing across Singapore’s real estate sector, CapitaLand Development‘s LyndenWoods has achieved remarkable sales performance, with 94.5% of its 343 residential units sold on launch day at an average price of $2,450 per square foot. The development, comprising two 24-storey blocks on a 11,556.9 square meter site, represents the first residential launch in Singapore Science Park, marking a significant milestone in the area’s evolution. The project offers a total gross floor area of 31,730.4 square meters.
LyndenWoods defies market headwinds with stunning 94.5% sell-through rate, pioneering residential development in Singapore Science Park.
Previews for the 99-year leasehold property commenced on June 28, with formal sales bookings beginning July 12. Initial pricing started at $2,200 PSF during the preview phase before reaching the $2,450 PSF average at launch. The project offers a diverse unit mix, with two-bedroom configurations representing 67% of available inventory, priced from $1.4 million for sizes ranging between 635 and 883 square feet. Three-bedroom units start from $2.4 million for spaces between 1,023 and 1,292 square feet, while premium four-bedroom residences begin at $3.6 million for 1,647 square feet, with select units featuring private lift access.
Located along Science Park Drive in District 5, LyndenWoods benefits from its strategic position within the Greater one-north cluster, approximately 900 meters from Kent Ridge MRT station on the Circle Line. The development’s success comes at a time when market analysts project a property price increase of 4-7% in Singapore for 2025, driven by constrained supply and robust demand. A sheltered walkway is planned to enhance pedestrian connectivity. The development’s unique value proposition stems from its exclusive status as the sole new condominium within the Singapore Science Park business district, appealing primarily to professionals, researchers, and students affiliated with nearby research and academic institutions. The architectural concept of Tree of Life designed by ADP Architects creates a distinctive visual identity for the development.
Market observers attribute the strong sales performance to LyndenWoods‘ first-mover advantage in Science Park, relatively generous unit sizes compared to competing developments, and its integrated vision creating a vibrant residential-commercial community. The project represents phase one of a broader rejuvenation initiative, positioned to capitalize on anticipated area transformation and consistent rental demand from the local employment base. Both owner-occupiers and investors have shown substantial interest, recognizing the potential for stable yields and long-term capital appreciation.
