CDL’s freehold Newport Residences sells 56% of units on launch day

Jovi Ho01-31 13:15

Sea-facing two-bedroom units were fully sold, while “almost all” one-bedroom units facing the sea were snapped up, according to agents. City Developments’ (CDL) freehold Newport Residences sold 139 of...

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City Developments’ (CDL) freehold Newport Residences sold 139 of...</p>\n\n<a href=\"https://www.theedgesingapore.com/cityandcountry/new-launches/cdls-freehold-newport-residences-sells-56-units-launch-day?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CDL’s freehold Newport Residences sells 56% of units on launch day</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCDL’s freehold Newport Residences sells 56% of units on launch day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-01-31 13:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/cityandcountry/new-launches/cdls-freehold-newport-residences-sells-56-units-launch-day?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Jovi Ho</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Sea-facing two-bedroom units were fully sold, while “almost all” one-bedroom units facing the sea were snapped up, according to agents. City Developments’ (CDL) freehold Newport Residences sold 139 of...</p>\n\n<a href=\"https://www.theedgesingapore.com/cityandcountry/new-launches/cdls-freehold-newport-residences-sells-56-units-launch-day?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999000343.SGD","symbol_name":"Schroder Singapore Trust A Dis SGD","start_time":0,"source_url":"https://www.theedgesingapore.com/cityandcountry/new-launches/cdls-freehold-newport-residences-sells-56-units-launch-day?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2608288581","we_media_id":null,"thumbnails":[],"rights":{"source":"edge_highlight","url":"https://www.theedgesingapore.com/cityandcountry/new-launches/cdls-freehold-newport-residences-sells-56-units-launch-day?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2608288581","pubTimestamp":1769836551,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"Sea-facing two-bedroom units were fully sold, while “almost all” one-bedroom units facing the sea were snapped up, according to agents. ","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","BK6098":"多样化房地产活动","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","BK4127":"投资银行业与经纪业","C09.SI":"城市发展","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","BK6512":"房地产股","CDL":"VictoryShares US Large Cap High Div Volatility Wtd ETF","TOP":"中阳金融集团","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD"},"translate_title":"CDL的freehold Newport Residences在推出当天售出了56%的单位","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TOP":1,"C09.SI":1.5,"CDL":1.5},"content_text":"Sea-facing two-bedroom units were fully sold, while “almost all” one-bedroom units facing the sea were snapped up, according to agents. City Developments’ (CDL) freehold Newport Residences sold 139 of its 246 units on its Jan 31 launch, with sea-facing two-bedroom units fully sold, according to Mark Yip, CEO, Huttons Asia.\nIn addition, “almost all” one-bedroom units facing the sea were snapped up, adds Yip. Around 79% of units at Newport Residences are one- and two-bedroom apartments, with configurations of up to four-bedroom units. \nYip says the take-up rate showed “pent-up demand” for Newport Residences, part of the 45-storey Newport Plaza on Anson Road.\n“The introductory launch price from $1.298 million, or 3,012 psf for a freehold project, is very attractive. Moreover, the residential homes start from level 23,” writes Yip. \nThis addresses common concerns about privacy and noise typically associated with central locations, while allowing units to enjoy more open, unobstructed views, writes Marcus Chu, CEO of ERA Singapore. “Higher-floor units, in particular, benefit from clear sea and city views, which remain a key draw for many buyers.”\nNewport Residences is a landmark rare freehold mixed-use project at a prominent location in the CBD. Within the CBD, mixed-use projects are usually 99-year leasehold,” notes Huttons’ Yip. “Buyers know that this is probably a once-in-a-lifetime opportunity to own a freehold iconic mixed-use development in the Central Business District.”\nNewport Residences, located at the former Fuji Xerox Towers site, stands out as the only remaining new freehold residential opportunity in District 2, notes Chu.\nOnly six other freehold residential projects have been launched in the district since 2000, with the most recent being Sky Everton, which obtained Temporary Occupation Permit (TOP) in 2024. “This highlights the limited availability of newer freehold stock in the area,” Chu adds. \nOverall, the combination of a “reputable developer”, a “well-conceived” project concept that aligns with the market and “strong locational fundamentals” contributed to the strong market response and healthy sales performance over the weekend, notes Justin Quek, deputy group CEO of Realion (OrangeTee & ETC) Group.\nNewport Residences occupies the very top of the 215m-tall Newport Plaza. This mixed-use development will also comprise serviced apartments from levels 10 to 22, Grade A offices from levels two to nine, and F&B establishments on the ground floor.\nThe residential component is spread across levels 23 to 45 with a Super Penthouse on the top floor.\nLocated near the existing Tanjong Pagar MRT Station, the upcoming Newport Residences will boast easy access to Prince Edward Road MRT Station and is just down the street from Cantonment MRT Station — two of three stations that will open in 1H2026 and complete the Circle Line loop between HarbourFront and Marina Bay MRT Stations.\nThe Tanjong Pagar area has witnessed several changes over the past few years from mixed-use projects like Guoco Tower, One Bernam and office projects like Keppel South Central. \nThese projects have transformed the area and injected more vibrancy, notes Huttons’ Yip. “This may boost tenant demand in the coming years.”\nIndeed, the smaller one- and two-bedroom units appeal to investors and professionals seeking to acquire a good investment asset in a prime CBD location, where rental demand remains consistently strong, notes ERA’s Chu. \nMeanwhile, larger units attract owner-occupiers upgrading from city-fringe or prime district homes, as well as buyers seeking a slice of a rare freehold residential development in the CBD, Chu adds. \nRead more about City Developments’ Newport Residences:\n\nNewport Residences: a rare freehold gem in the CBD\nCDL to begin preview of Newport Residences, prices to start from $1.298 mil\nCDL’s Newport Plaza brings nature back into the concrete jungle\nLaunch of Newport Residences a possible catalyst for CDL's share price: DBS","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2608288581","isCrawlerRequest":true}