City Developments Limited (CDL) achieved an impressive first-day sales performance for its new Union Square Residences, located in Singapore’s District 1. On November 9, 75 units—roughly 20% of the 366 available—were sold at an average of $3,200 per square foot (psf). Homebuyers showed strong interest in the one-, two-, and three-bedroom premium units, with the two-bedroom option starting at $1.998 million.
The newly launched development, located on Havelock Road, is part of a large-scale, mixed-use redevelopment project that includes office spaces, retail areas, and dining options, offering a modern lifestyle environment near the Singapore River and CBD. With direct access to Clarke Quay, Chinatown, and Fort Canning MRT stations, Union Square provides convenience that enhances its appeal among urban professionals and investors.
A highlight of the launch was the sale of a five-bedroom Sky Suite, a spacious 2,476 sq ft unit on the 38th floor, which sold for $9.288 million ($3,751 psf). This luxurious residence, with panoramic views of the Singapore River and Marina Bay, is one of two Sky Suites available, with the remaining suite priced at $9.5 million.
CDL’s Group CEO, Sherman Kwek, expressed confidence in Union Square’s long-term appeal, emphasizing its unique position as a mixed-use development within the vibrant CBD. “The strong interest underscores the value of this landmark development. With excellent connectivity, diverse lifestyle offerings, and proximity to cultural hotspots, Union Square promises a lifestyle like no other,” Kwek said.
Union Square’s facilities are designed to enhance residents’ quality of life. Notable amenities include a 30-meter lap pool, co-working studios, and a spa alcove on level 3, with a luxurious Club Union and Sky Gym on level 34 offering expansive city views. The property’s location is near cultural landmarks such as Clarke Quay, Orchard Road, and Fort Canning, adding to its status as an attractive living destination.
The launch of Union Square has generated significant interest, showing that prime mixed-use developments continue to attract homebuyers and investors, even amid an active property market.
