The last time we saw new launches move this quickly was earlier this year, with Lyndenwoods (343 units) and more recently, Rivergreen (524 units) both achieving 90 plus per cent on launch weekend. However, Springleaf Residence is notable for its sheer scale: at 941 units, it’s the first mega-development since Emerald of Katong to reach this level of sales absorption.
That scale is important. It’s one thing to clear 300 units in a weekend; it’s another to move nearly 1,000 in a part of Singapore that has never tested launch demand at this volume before.
Who bought what
In just 2 days, 870 units had been sold, leaving just 71 still available (although, as we understand, it was 880 yesterday with 10 bounce out units). The one-bedders, priced from around $860,000 (just eight were ever available), are all gone. The same happened with the two-bedders, where all of the 332 basic and standard layouts were snapped up.
It was a similar story with the three-bedders, where all but 2 of the bigger three-bedder 1,023 sq ft units were left....