GuocoLand, in partnership with Hong Leong Holdings, has revealed its latest residential development, Springleaf Residence Condo, strategically positioned in District 26 along Upper Thomson Road. The 99-year leasehold project, with tenure commencing July 15, 2024, sits on a 32,023.7 square meter land parcel and offers 941 residential units distributed across five modern towers and a meticulously conserved heritage building.
The development boasts remarkable connectivity, positioned merely 110 meters from Springleaf MRT station on the Thomson-East Coast Line, providing residents with a convenient two-minute sheltered walk to public transportation. Bounded by Upper Thomson Road and the Seletar Expressway, the property offers accessibility while maintaining proximity to natural surroundings, including Springleaf Forest and the Central Catchment Nature Reserve.
Initial launch prices for Springleaf Residence begin at S$1,995 psf, with an overall price range from S$1,539 to S$2,323 psf. The developers acquired the site for S$779.6 million, translating to approximately S$905 psf per plot ratio, significantly 7.8% lower than the nearby Lentor Central site acquisition cost. One-bedroom units are available starting from S$878,000, making them an attractive option for first-time homebuyers and investors. This pricing strategy aligns with market projections of moderate growth between 3-5% for private properties in 2025.
Construction will incorporate advanced precast concrete system techniques, with the estimated Temporary Occupation Permit projected for the second half of 2029. The development features extensive recreational facilities, including four swimming pools, a tennis court, basketball court, and innovative sky terraces designed for both work and leisure activities.
A distinctive aspect of Springleaf Residence is its integration of heritage elements, specifically the conservation of a building from the former Upper Thomson Secondary School completed in 1965. This conserved structure will house communal facilities including a gym, study room, and arts and crafts space, creating a unique blend of historical significance and modern residential living. The project enhances the residential experience with its location in a richly forested area that hosts over 700 native plant species and numerous wildlife habitats.
The property configuration typically features eight units per floor across its residential towers, with variations to accommodate sky terrace integration. The development includes 759 parking spaces distributed across two basement levels, ensuring adequate accommodation for residents while maintaining the project’s premium positioning in Singapore’s evolving Springleaf Identity Node.
