Singapore, 11 July 2025 — Once known for its tranquil streets and greenery, the Upper Thomson area is now firmly in the spotlight as one of Singapore’s fastest-growing residential markets. Spurred by a wave of new launches, successful en bloc deals, and strong rental demand, the area has emerged as a magnet for homeowners, investors, and developers alike. Springleaf Residence make the ideal choice for emerging buyers looking around that area.
Property Prices Surge on New Launch Momentum
Private condominium prices in District 26 — which includes Upper Thomson, Springleaf, and Lentor — have climbed by 21% year-on-year, rising from an average of S$1,741 psf in 2024 to S$2,107 psf in mid-2025. The increase is attributed largely to fresh supply from high-profile new projects and renewed confidence in suburban locations with strong transport links.
Among the most notable developments is Springleaf Residence, a 99-year leasehold project by GuocoLand and Hong Leong Holdings. Comprising 941 residential units, the project is located just 180 metres from Springleaf MRT station (TEL) and has officially opened its showflat for private previews. Public bookings are expected to begin in late July.
Other recent launches in the area, including Lentor Hills Residences and Lentor Modern, were also met with enthusiastic demand. Lentor Modern, which launched at approximately S$2,080 psf, is now seeing average resale prices above S$2,100 psf — further reinforcing the area’s upward trajectory.
Redevelopment and En Bloc Activity Add Fuel to Growth
Further validating the district’s long-term potential is the recent en bloc sale of Thomson View Condominium for S$810 million. The sale price translates to approximately S$1,178 psf per plot ratio, making it one of the largest collective sales in recent years.
Property analysts say the successful transaction signals strong confidence among developers in the area’s growth prospects. It also highlights the redevelopment potential of ageing properties along Upper Thomson Road — many of which sit on large land parcels near MRT stations and green spaces.
Rental Market Remains Resilient Amid Growing Demand
In tandem with rising purchase prices, the rental market in Upper Thomson remains robust. Family-friendly developments like Thomson 800 have seen 3-bedroom units renting for S$5,200 to S$6,000 per month, reflecting healthy demand from professionals and expatriate families who value the area’s mix of convenience and greenery.
The abundance of parks, such as MacRitchie Reservoir and Springleaf Nature Park, combined with easy access to top schools and transport networks, continues to attract long-term tenants and owner-occupiers alike.
Market Outlook: Continued Appreciation Expected
Despite market headwinds in some regions, District 26 appears to be bucking the trend. Analysts expect a further 3–6% price appreciation in the second half of 2025, supported by:
- Stabilising interest rates (now hovering around 2.5%–2.6%)
- Ongoing demand for OCR properties
- Limited new land supply
- Sustained rental demand
As suburban locations become more desirable due to affordability and livability, Upper Thomson’s combination of greenery, amenities, and connectivity makes it a top pick among both homebuyers and investors.
