A pricing review of Springleaf Residence is tough for two reasons: first, it’s a first-mover condo, in an area that has, up till now, been dominated by landed housing, so there isn’t much of a precedent. Second, Springleaf Residence is one of the most competitively priced projects in 2025 already; three-bedders here can still be below $1.7 million, so it will undercut virtually every other new launch in terms of pricing.
But does lower pricing automatically translate to good value? Let’s take a closer look to see whether affordability here truly equates to a worthwhile buy.
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Indicative prices for Springleaf Residence
| Unit type | Estimated size (sqft) | Indicative starting price | Estimated starting $PSF |
| 1 Bedroom | 388 | $878,000 | $2,263 |
| 2 Bedroom | 527 | $1,078,000 | $2,046 |
| 3 Bedroom | 786 | $1,618,000 | $2,058 |
| 4 Bedroom | 1,227 | $2,448,000 | $1,995 |
| 5 Bedroom | 1,453 | $3,018,000 | $2,077 |
| Average | $2,088 |
The quantum is low for 2025, where the average new launch 2 bedder can be expected to hit the $1.8 million mark. While the total square footage is lower, bear in mind this is a post-harmonisation project, so the square footage excludes features like air-con ledges or strata void spaces.
Let’s look at the overall performance of District 26 for better context
We’ll look at how D26 condos have performed compared to the rest of Singapore over 10 years. This is across all transaction types.
All tenures
| Year | D26 | All non-landed private properties |
| 2014 | $979 | $1,289 |
| 2015 | $958 | $1,180 |
| 2016 | $909 | $1,232 |
| 2017 | $1,006 | $1,304 |
| 2018 | $1,021 | $1,435 |
| 2019 | $1,082 | $1,560 |
| 2020 | $1,144 | $1,513 |
| 2021 | $1,131 | $1,600 |
| 2022 | $1,985 | $1,712 |
| 2023 | $2,024 | $1,869 |
| 2024 | $2,160 | $1,886 |
| Annualised | 8.23% | 3.88% |
Here’s a look at the performance when we separate the 99-year leasehold properties from the freehold properties
1 Comments
99 yrs lease hold, not freehold?