Singaporeans and permanent residents made up 99 per cent of buyers, with the rest being foreigners. The project drew a mix of owner-occupiers and long-term investors.

“To sell above 50 per cent of the units for a CCR project is an excellent set of results. It highlights the resilient demand for prime CCR homes and strong fundamentals in Singapore’s property market,” Yip said.

UOL’s chief corporate and development officer Yvonne Tan attributed the strong showing to the narrowing price gap between CCR and Rest of Central Region (RCR), and the attractive premium between freehold and leasehold luxury products.

Huttons data shows that the median psf price gap between CCR and RCR narrowed from 56.5 per cent in 2018 to 1.9 per cent in H1 2025. “There is potential for a strong upside once the gap between CCR and RCR home prices widens,” said Yip.

PropNex’s Fong noted that the average price of S$3,350 psf makes UpperHouse one of the most competitively priced new launches near Orchard Road.

He compared this to the freehold Park Nova at Tomlinson Road, where two large-format new units transacted this year at an average of about S$6,150 psf, and the 99-year leasehold Cuscaden Reserve which fetched an average price of more than S$3,100 psf for resale units transacted in the first four months of 2025.

Located in District 10, UpperHouse sits along Grange Road and Orchard Boulevard, opposite Orchard Boulevard MRT and near River Valley Primary School.

UOL and SingLand acquired the 7,013.4 square metre site last year for S$428.3 million or S$1,617 psf per plot ratio (ppr) – 30 to 40 per cent lower than the S$2,377 psf ppr fetched by the Cuscaden Reserve a nearby Cuscaden Road site in 2018.

Steady take-up at The Robertson Opus

Ar the mixed-use The Robertson Opus, 143 out of 348 units were sold at an average price of S$3,360 psf, said developers Frasers Property and Sekisui House on Sunday. This works out to a take-up rate of 41 per cent.

The 999-year development in the River Valley area comprises one to four-bedroom units across five blocks. Studio units start from S$1.37 million, one-bedders from S$1.58 million, two-bedders from S$2.17 million, three-bedders from S$3.1 million, and four-bedders from S$5.09 million.

“There has been healthy demand across all the unit types, with the three-bedroom and four-bedroom premium units under the Legacy Collection being the most popular and almost sold out,” said the developers.

The buyers comprise professionals purchasing for their own stay or investment – 83 per cent are Singaporeans, 16 per cent are permanent residents mainly from China and Indonesia, and the rest are foreigners from the US and Switzerland.

Soon Su Lin, Frasers Property Singapore’s CEO, said: “The project’s rare 999-year tenure, prestigious District 9 address, and sophisticated riverside lifestyle – alongside its proximity to key business and lifestyle hubs – make it a compelling choice for discerning buyers seeking long-term value and generational wealth.”

 

The Robertson Opus, which also includes a retail podium on the first floor and basement, is a redevelopment of Frasers’ serviced residence Fraser Place Robertson Walk and its adjoining commercial area, Robertson Walk – undertaken by Frasers Property and Japanese developer Sekisui House in a 51:49 joint venture. 

Given the steady take-up at both launches, PropNex’s Fong expects Q3 developers’ sales in the CCR to rebound.

“To be sure, the units sold at UpperHouse at Orchard Boulevard during the private preview alone has already far exceeded the 46 CCR new units sold for the whole of Q2 2025.”

Despite the recent hike in seller’s stamp duty rates, demand for luxury homes remains resilient, supported by buyers focused on capital stability and wealth diversification, said Mohan Sandrasegeran, head of research and data analytics at Singapore Realtors Inc.

“These factors point to a strategic reset in the CCR market. With strong fundamentals, supportive policies, and improving economic signals, the luxury housing segment is well-positioned to regain momentum.”