As Singapore’s property market positions itself for a robust final quarter in 2025, Penrith has emerged as one of the most anticipated new launch condominiums. It has achieved over 4.1 times subscription ahead of its weekend launch on October 18, 2025.
The project is scheduled for booking sales alongside GuocoLand’s Faber Residence on the same date. Both developments are reported to be collecting extremely strong cheques, according to Lee Sze Teck, senior director of data analytics at Huttons Asia. He indicated that excellent sales are expected on the launch weekend.
The overwhelming subscription rate positions Penrith prominently among multiple projects launching in October 2025. These include Faber Residence, Skye at Holland, and Zyon Grand.
Penrith’s pricing strategy reflects careful market positioning, with a starting price of approximately $2,437 per square foot as of September 2025. This pricing is calculated to compete effectively against nearby resale properties and recent new launches.
The robust pre-launch performance arrives against a backdrop of remarkable market recovery. Home-buying appetite has strengthened amid low interest rates and better-than-expected economic performance. Singapore’s property sector continues to attract investors as it offers market resilience in an environment of global uncertainty and geopolitical tensions.
The Ministry of Trade and Industry upgraded Singapore’s 2025 GDP growth forecast to 1.5-2.5% from 0-2%. Meanwhile, lower borrowing rates have helped bolster market confidence and improve affordability.
Household savings in currency and deposits grew by $50,786.5 million year-on-year in Q2 2025, providing ample liquidity for higher-priced units.
September 2025 witnessed minimal developer activity, with only 255 private homes sold. This represents an 88.1% decline month-on-month and a 36.4% decrease year-on-year.
The low sales resulted from merely 20 units launched during the Lunar Seventh Month, which was a 99.2% decline month-on-month. This lull in September positions it as a prelude to the anticipated deluge of launches in October and November 2025.
The first nine months of 2025 saw developers sell over 8,000 units. This accounts for approximately 80% of the full-year estimates projected between 9,000 and 10,000 units.
Singaporeans comprised 85.5% of buyers in September 2025, with permanent residents accounting for 8.6%, and foreign buyers making up 5.9% of purchases. The upcoming launch slate includes 1,914 units in total across Faber Residence, Penrith, Zyon Grand, and The Sen scheduled for October and November 2025. The location’s vacancy rate of 0.6% as of March 2025 indicates strong rental demand and quick occupancy potential for investors.
