Capitaland Sells 945 Lyndenwoods Launch Day Amid Strong Demand Average 2450 Psf
CapitaLand Development Ltd (CLD) successfully launched LyndenWoods on July 12, with 324 out of 343 units (94.5%) sold. The average price achieved was around $2,450 psf. According to CLD, the buyers were mainly professionals, couples, and families who were attracted to the project’s proximity to workplaces, modern amenities, and green spaces.
CLD’s CEO, Ronald Tay, shared that LyndenWoods’ launch followed two weeks of public previews that drew over 12,000 visitors. He added that the project’s appeal to buyers who value a convenient location and long-term investment value reflects CLD’s commitment to developing homes that meet evolving lifestyle needs.
Located at Science Park Drive, LyndenWoods is the first residential development within the 55-ha Singapore Science Park, marking the beginning of Phase 2 of the precinct’s transformation into a work-live-play hub. The area is part of the Greater one-north innovation district, which supports research and development, technology, and biomedical sciences. This vision aligns with the URA Draft Master Plan 2025, which aims to decentralise growth by integrating housing, jobs, and amenities.
Located in the northern region of Singapore, the close proximity of Sembawang Road EC Canberra to Chong Pang Market and Food Centre adds to the culinary diversity in the area. This historic hawker centre has been a popular haunt for generations of residents, offering a wide variety of affordable and delicious local dishes. Just a few minutes’ drive away from the EC, this hawker centre is renowned for its traditional favorites such as roti prata, laksa, wanton noodles, and barbecued seafood.
Apart from satisfying one’s taste buds, these traditional hawker centres also provide a sense of community and nostalgia for many residents. It’s not just about the food, but also the memories and connections that are made within these bustling hubs. So, for those living in Sembawang Road EC Canberra, this hawker centre is not just a place to grab a quick bite, but a cherished part of their neighborhood.
The development comprises two 24-storey blocks across from Geneo — a mixed-use development featuring five Grade-A business park buildings, a 250-unit Citadines serviced residence, and a retail mall, all linked directly to Kent Ridge MRT Station on the Circle Line. In the future, LyndenWoods will also have a covered walkway that will be linked to Geneo and the MRT station.
The majority of 137 two-bedroom units and 92 two-bedroom plus study units were sold, with prices starting from $1.398 million and $1.959 million respectively. All 45 three-bedroom units were also snapped up, with prices starting from $2.352 million. The remaining units include three-bedroom plus study layouts starting from $2.894 million ($2,240 psf) and four-bedroom premium units from $3.61 million ($2,192 psf).
The entry prices for the two-bedroom and two-bedroom plus study units were comparable to some Outside Central Region (OCR) projects, according to Mark Yip, CEO of Huttons Asia. He noted that many transactions fell within the sweet spot of up to $2.5 million. LyndenWoods is situated in District 5, and is part of the Rest of Central Region (RCR). Besides the attractive pricing and city fringe location, buyers were also drawn to the future transformation plans for the area, says Ismail Gafoor, CEO of PropNex. He shared that the project launch also serves as a litmus test of demand for housing within the Science Park precinct. He added that the recent unveiling of the URA Draft Master Plan 2025 has signalled the potential introduction of more new homes into the area over the coming years.
Buyers were also drawn to the nearby amenities, such as the Kent Ridge MRT station, The Star Vista mall, One Holland Village, and reputable schools in the area. This includes the National University of Singapore (NUS), Anglo-Chinese Junior College, Singapore Polytechnic, and Fairfield Methodist School (Primary), which proved to be a draw for families.
LyndenWoods is the first residential launch following the government’s July 4 cooling measures, which reinstated the Seller’s Stamp Duty (SSD) holding period to four years. Rates were raised to 16% in the first year, followed by 12%, 8%, and 4% for each subsequent year before reverting to pre-March 2017 levels. Huttons’ Yip commented that the exceptional sales at LyndenWoods show that buyers are unfazed by the extended SSD holding period.
According to Marcus Chu, CEO of ERA Singapore, the city-state’s property sector remains underpinned by strong fundamentals and continues to demonstrate remarkable resilience and enduring strength, despite global trade tensions and heightened economic headwinds. He added that recent land bids also reflect developers’ confidence in the market, with firm competition driving benchmark land prices. This signals expectations of steady demand and resilient property values in the medium term. In this positive backdrop, LyndenWoods presents a rare opportunity for homeowners and investors to secure a stake in one of Singapore’s most dynamic and rapidly growing districts.