Kenny's Take
Thomson Reserve just answered the question I flagged yesterday: would the 3,200-cheque, 2.5x-subscribed pre-launch interest actually convert into signed bookings? It did — 99% of the 1,268 units sold on launch day at an average of $2,953 psf, one of the strongest single-day take-up rates the market has produced in 2026. That's the clearest new-sale demand signal we've seen all year, and anyone still weighing an alternative nearby, like Amberwood at Holland, or comparing against Springleaf Residence's own benchmark 92%-sold Day 1, should treat the easy allocation window at Thomson Reserve as closed. Separately, a SkyParc @ Dawson five-room flat just became the first HDB resale to cross $1.8 million — a striking print, but it's one exceptional high-floor unit, not evidence the broader resale market is repricing upward. Read the two headlines differently: Thomson Reserve is systemic new-sale demand, Dawson is an idiosyncratic outlier.
🏗️ Thomson Reserve Sells 99% Of 1,268 Units On Launch Day At Average $2,953 Psf
- Thomson Reserve's official 31 October launch converted its pre-launch buzz into results: roughly 1,255 of 1,268 units (99%) were sold on day one at an average of $2,953 psf, among the strongest single-day take-up rates of any Singapore launch this year. The project had collected around 3,200 cheques (2.5x subscribed) ahead of launch, and today's figures show that interest held through to actual bookings rather than fading at the counter.
- The 99-year leasehold Upper Thomson mega-launch spans 740 Classic units across four 21-storey towers and 528 Luxury units across two 30-storey towers, with pricing that started from $1.544 mil ($2,608 psf) for two-bedders. For anyone who was comparing it against nearby alternatives like Amberwood at Holland or benchmarking it off Springleaf Residence's own 92%-sold Day 1 result from August 2025, today's print settles the question — the allocation window for an easy pick at Thomson Reserve has effectively closed.
🏘️ SkyParc @ Dawson Five-Room Flat Sells For Record $1.818 Mil — First HDB Resale To Cross $1.8 Million
- A 1,195 sq ft five-room flat on a high floor (40th–42nd) at Block 96 Dawson Road, SkyParc @ Dawson, resold for $1.818 mil ($1,522 psf) — the first HDB resale flat in Singapore to cross the $1.8 million mark, and 5.2% above the previous islandwide record of $1.728 mil set in Redhill in April 2026.
- Other units at the same block have changed hands for between $1.12 mil and $1.65 mil over the past six months, so this particular transaction reflects a high floor and prime Queenstown location rather than a broad repricing of the project or the HDB resale market generally.
🔭 What I'm Watching
- Whether Thomson Reserve's 99%-sold launch day resets price-and-pace expectations for the next OCR/CCR mega-launches still queued this cycle, including how projects like Amberwood at Holland position against it.
- Whether the Dawson $1.818 mil print pulls other high-floor, well-located HDB resale flats closer to the $1.8 mil mark, or stays an outlier tied to this specific unit's attributes.