Springleaf Residence
, Yishun, North · 99-year leasehold · Launched
Springleaf Residence is a 941-unit, 99-year leasehold condominium by GuocoLand and Hong Leong Holdings along Upper Thomson Road, with five 25-storey towers and a conserved block from the former Upper Thomson Secondary School converted into 32 homes. It is next to the Central Catchment Nature Reserve, with a sheltered link to Springleaf MRT station on the Thomson-East Coast Line.
- From
- S$860Kmay be outdated
- Lowest
- S$2,078calculated
Exterior: Aerial view of the towers next to Springleaf MRT station, artist's impression. Springleaf Residence official website (developer disclosure) 
Exterior: Tower with sky gardens, artist's impression. Springleaf Residence official website (developer disclosure) 
Interior: Living and dining area, artist's impression. Springleaf Residence official website (developer disclosure) 
Facilities: Lap pool, artist's impression. Springleaf Residence official website: facilities 
Facilities: Dining and lounge pavilion, artist's impression. Springleaf Residence official website: facilities 
Site plan: Site plan. Springleaf Residence official website: facilities
Images from the developer, usually artist's impressions. The finished project may differ.
Want to see how this project fits you? Rank the launches by your budget, size, area and MRT distance, then open it from the list.
- Ready ()
- 2029
- Nearest MRT or LRT
- 195 m · ~3 min walkcalculated
- so far
- 924 of 941 (98.2%)
- Recent sales, median
- S$2,225 psfcalculated
- , median
- S$1,499 psfcalculated
- 99-year leasehold
- Developer
- Springleaf Residence Pte. Ltd.
- Launched
- 15 Aug 2025
Nearest station in service: Springleaf MRT Station. Distances are straight-line; walking routes are longer.
Is it worth buying?
PropGPT financial score
48out of 100
Fair case on the numbers
Confidence: medium, some figures missing (62% of the weight known)
Adds up the measurable lines below: price against comparable homes, rental yield, the lease, how nearby prices moved, MRT distance and competing supply. 65 or more is a strong case on the numbers, 45 to 64 fair, under 45 weak. It leaves out what only you can judge (layout, school, the view) and is not a valuation or advice.
What makes up the scoreHide what makes up the score
| Part | Mark | Why |
|---|---|---|
| Price vs similar homes nearby31% of the scoreCosts 43% more than similar older homes nearby; usually 17% more. | 0 | Costs 43% more than similar older homes nearby; usually 17% more. |
| Rental yield vs typical23% of the scoreRent of about 2.2% of the price a year; typical is 2.4%. | 40 | Rent of about 2.2% of the price a year; typical is 2.4%. |
| Price vs other new launches nearbynot countedNot known yet. | Not known | Not known yet. |
| Price vs launches in the regionnot countedNot known yet. | Not known | Not known yet. |
| Price vs the developer's likely breakevennot countedNot known yet. | Not known | Not known yet. |
| Value lost to the lease in the next 10 years15% of the scoreAbout 97 years left: the lease takes about 2.3% off its value in the next 10 years. | 77 | About 97 years left: the lease takes about 2.3% off its value in the next 10 years. |
| Nearby homes that beat the marketnot countedNot known yet. | Not known | Not known yet. |
| Distance to the MRT15% of the score195 m to the nearest station. | 100 | 195 m to the nearest station. |
| Competing homes finishing nearby8% of the scoreNo competing homes finishing nearby around the same time. | 100 | No competing homes finishing nearby around the same time. |
| Developer's track record8% of the scoreNo problems reported, but few completed projects. | 50 | No problems reported, but few completed projects. |
What a property agent would weigh up, from public data. Each line gives a plain answer and what it means for you. Open “Show the calculation” on any line for the exact figures.
PropGPT compares private condos and apartments only (ECs with ECs). HDB flats and landed homes are never in these comparisons, and every price is a real sale recorded by URA, not an asking price.
In your favour 2Neutral 3Watch out 1Not known yet 4
Am I paying a fair price?
Price vs similar resale homes nearby · Watch out
Costs about 43% more than similar older homes nearby
New launches usually cost about 17% more than the older homes around them (the middle figure of the 64 launches selling now). This one's extra is bigger than usual, so it may take longer to sell at a profit.
- This launch
- S$2,225 psf
- Usual for a launch here
- S$1,831 psf
- Similar homes nearby
- S$1,559 psf
Based on 14 resales, Nov 2025 to Nov 2026 · a rough guide only
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What it compares
This project's median price per sq ft (its own new sales in the last 12 months) against resale condos and apartments within 1.5 km, sold Nov 2025 to Nov 2026, 310–1,744 sq ft (this project's sizes, widened 20% each way). Each resale price is scaled to this project's lease, and to its building age (a new building, expected TOP 2029) where the resale's completion year is known. Not included: HDB flats, landed homes, homes resold before completion (sub-sales), and this project itself.The figures
- This project: S$2,225 psf, the median of its own new sales in the last 12 months.
- Nearby resale: S$1,559 psf, the median of 14 sales after the lease adjustment.
- Lease adjustment, for example: a freehold resale at S$2,000 psf counts as about S$1,920 against a new 99-year lease (96% of freehold); a 99-year resale with 70 years left at S$1,500 psf counts as about S$1,646.
- Age adjustment: 13 of 14 nearby sales are also scaled to this project's age (a new building, expected TOP 2029), about 0.9% per year of difference. For example, a resale in a building 10 years older at S$1,500 psf counts as about S$1,648. The other 1 have no known completion year and are not age-adjusted.
- Gap: S$2,225 psf ÷ S$1,559 psf − 1 = +43%. Usual gap (the middle of 64 launches selling now): +17%. In your favour when this gap is 5 percentage points or more below the usual gap; watch out when 5 or more above.
How fair is this comparison?
A rough guide only. Older homes against a new launch. Lease and size range are matched, building age is adjusted at an average rate; the premium for a brand-new home, condition, floor and facilities are not. That is why the line compares the gap with the usual gap for launches rather than with zero.What this check cannot see
- Building age is adjusted at one average rate, about 0.9% a year (measured from 10,793 private resales in 1,531 condos, Oct 2025 to Oct 2026). Real prices fall faster in a building's first 15 years and slower after, faster for 99-year leases than freehold, and upkeep differs between buildings.
- The lease adjustment uses the SLA leasehold table (Bala's Table), which values land, not the building; on very old leases it may over-adjust.
- Floor level, view, facing and unit mix are not adjusted. A project whose recent sales were mostly high floors looks dearer.
- 1.5 km in a straight line can reach across an expressway, river or park into a different market.
- URA gives one map point per project, so large projects are measured from a single spot.
Price vs other new launches nearby · Not known yet
Not known yet
Fewer than 10 new-launch sales of similar size in other projects within 1.5 km in the last 12 months.
Show the calculationHide the calculation
What it compares
This project's median price per sq ft against new-launch sales in other projects within 1.5 km over the last 12 months, same size range (310–1,744 sq ft).Price vs launches in this region · Not known yet
Not known yet
Fewer than 5 others to compare with.
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What it compares
This project's price per sq ft against the median of other new launches selling now in the same URA region (Central, East, North, North-East or West).Land cost vs launch price · Not known yet
Not known yet
PropGPT has not found what the developer paid for the land yet.
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What it compares
This project's price per sq ft against what the developer likely needs to break even: the land price per sq ft of allowed floor area (psf ppr) × 1.4.
Can it earn or hold its value?
Rental yield · Neutral
About 2.2% of the price a year in rent, before costs
Close to the typical 2.4% for launches selling now.
- This launch
- 2.2%
- Typical for launches selling now
- 2.4%
Based on 38 rental contracts, Q1 2026 to Q3 2026
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What it compares
Rents of condos and apartments of similar size within 1.5 km (URA rental contracts, last 4 quarters), per sq ft, × 12, against this project's price per sq ft.The figures
- Nearby rent: S$4.13 per sq ft a month, median of 38 contracts (URA, Q1 2026 to Q3 2026)
- Yield = S$4.13 × 12 ÷ S$2,225 psf = 2.2%. In your favour when 0.3 percentage points or more above the typical yield; watch out when 0.3 or more below.
How fair is this comparison?
Fair. Rents of similar homes nearby, not of this project, which is not finished yet.What this check cannot see
- Gross yield: property tax, maintenance fees, agent fees and empty months usually take 1 to 2 percentage points off.
- URA records rented sizes as ranges (for example 900–1,000 sq ft); PropGPT uses the middle.
- New homes usually rent for more than the older homes nearby, so this may understate.
Lease · Neutral
99-year leasehold
A lease loses value slowly at first, then faster: about 96% of a freehold home's value when new, 91% with 80 years left, 80% with 60 years left.
Based on URA's title record
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What it compares
The title's tenure, as recorded by URA.The figures
- SLA leasehold table (Bala's Table).
How fair is this comparison?
Very fair. A fact about this home.What this check cannot see
- Bala's Table describes land value; what buyers pay for old leases does not follow it exactly.
How nearby homes' prices moved · Not known yet
Not known yet
Fewer than 3 nearby projects have enough sales two or more years apart to compare.
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What it compares
For each project within 1.5 km with enough sales: the median price of its first 12 months of sales in PropGPT's data against its resales in the last 12 months, at least 2 years apart, compared with URA's private non-landed price index over the same quarters.MRT · In your favour
195 m to Springleaf MRT Station
Within an easy walk; homes near stations are in steady demand from buyers and tenants.
Based on LTA station exits and URA Master Plan 2019, worked out 4 Nov 2026
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What it compares
Straight-line distance from the project's map point to the nearest MRT or LRT exit in service (LTA), and to the nearest planned station (URA Master Plan 2019).The figures
- Nearest planned station: Teck Ghee (planned), 4,442 m
- In your favour within 500 m of a station in service or planned; watch out over 1 km from both.
How fair is this comparison?
Very fair. A fact about this location.What this check cannot see
- Straight-line distance: walking routes are longer, often by a third.
- Planned stations can be years away and dates change.
What could go wrong?
Competing homes finishing nearby · In your favour
No other unfinished projects within 1.5 km due around the same time
No competition from other new homes when you want to rent out or sell.
Based on URA's list of projects not yet completed, worked out 4 Nov 2026
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What it compares
Homes in other private projects within 1.5 km that URA lists as not yet completed, due within 2 years of this project's completion (TOP).The figures
- URA pipeline of private homes not yet completed.
- In your favour when there are none; watch out at 1,000 homes or more.
How fair is this comparison?
Fair. Counts homes, not who will sell or rent them.What this check cannot see
- Completion years in URA's pipeline often shift by a year or more.
- Land sold but not yet in URA's pipeline is not counted.
- 1.5 km in a straight line can reach across an expressway, river or park into a different market.
Developer's track record · Neutral
no problems found in the news
No problems found in the news, but few completed projects to judge by.
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What it compares
Housing projects the developer has completed in Singapore, and delays, defects or disputes reported in established news in the last 10 years (PropGPT research).How fair is this comparison?
Fair. The developer's other projects, not this one.What this check cannot see
- Only problems reported in the news are found; many defects are settled quietly.
- Joint ventures: a problem of one partner is listed even when the other partner led the project.
Cost to buy, hold and sell · Fact
S$20,400 in stamp duty for the cheapest unit
Profit only starts after these costs are covered.
Based on today's IRAS stamp duty rates
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What it compares
Stamp duties under the current IRAS rates for the price shown.The figures
- Stamp duty on S$860K: S$20,400 (assumes a Singapore citizen buying a first home)
- Selling within 4 years of buying costs seller's stamp duty of 16% falling to 4%; buying now, that ends around Nov 2030.
- Interest is paid only on the loan drawn so far; payments rise as the building goes up.
How fair is this comparison?
Very fair. Worked out for this price.What this check cannot see
- Assumes a Singapore citizen buying a first home until you add your details.
Good to know (not judged)
Sales so far · Fact
98.2% sold in 15 months
Fast sales show interest, but projects that sold fast have later made losses and slow sellers have made gains. Not a sign of profit.
Project size · Fact
941 homes
Big projects have more facilities but more owners selling against you at the same time.
Government land sales and big developments nearby · Fact
1 planned within about 2 km
New land sales add competing homes; new stations, malls and offices add demand. Both are public, so prices may already include them.
Based on PropGPT research, 21 Oct 2026
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The figures
- Upper Thomson Road (Parcel A) GLS site, 24,421.9 sq m, awarded to Wee Hur Property and GSC Holdings in October 2025 for S$613,939,000
Sources
URA: Tender award for URA sale site at Upper Thomson Road (Parcel A), retrieved 2026-10-21Growth-area plans · Fact
Not in a named growth area, as far as PropGPT found
Growth areas are planned for decades and are public, so prices often include them already.
PropGPT calculations from URA and data.gov.sg, updated 3 Nov 2026. PropGPT is not a licensed estate agency and does not act for buyers or sellers. These figures are not a valuation, a forecast or financial advice, and past results nearby do not predict future returns. How each line is worked out
What you would pay
For the cheapest 1BR (conserved block) at S$860,000. Estimates, not financial advice.
- Monthly loan payment
- S$2,719
- Cash and CPF needed upfront
- S$238,400at least S$43,000 of it in cash
- S$20,400
- S$0
PropGPT calculation: at 3.0% over 30 years; upfront = price − loan + stamp duties + about S$3,000 legal fees. Banks require at least 5% of the price in cash; the rest can come from CPF. Stamp duty assumes a Singapore citizen buying a first home. Add your details for your own figures. You can change the loan assumptions in Compare.
Unit types and prices
As published by the developer or reported in the press. Availability changes daily; confirm with the developer.
1BR (conserved block)may be outdatedfrom S$860,000
388 sq ftS$2,216 psf
2BRnot published
527 to 646 sq ftnot published psf
3BRmay be outdatedfrom S$1,620,000
not published sq ftnot published psf
4BRmay be outdatedfrom S$2,450,000
not published sq ftnot published psf
5BRmay be outdatedfrom S$3,020,000
1,453 sq ftS$2,078 psf
| Type | Size (sq ft) | Price | |
|---|---|---|---|
| 1BR (conserved block)may be outdated | 388 | from S$860,000 | S$2,216 |
| 2BR | 527 to 646 | Not published | Not published |
| 3BRmay be outdated | Not published | from S$1,620,000 | Not published |
| 4BRmay be outdated | Not published | from S$2,450,000 | Not published |
| 5BRmay be outdated | 1,453 | from S$3,020,000 | S$2,078 |
Price per square foot of actual sales, by month
URA caveats lodged for new sales; median per month calculated by PropGPT. Months with no sales are left out.
Nearby homes and what they sold for
Private condos and apartments within 1.5 km sold in the last 12 months (URA). Use this to judge whether the price is high or low for the area.
5 nearby projects, median from S$1,147 to S$1,548. Show the listHide the list
| Project | Distance | Tenure | Median PSF | Typical size | Sales |
|---|---|---|---|---|---|
| RESIDENTIAL APARTMENTS | 477 m | Freehold | S$1,147 | 1,421 sq ft | 1 |
| HONG HENG MANSIONS | 808 m | Freehold | S$1,156 | 926 sq ft | 1 |
| THE ESSENCE | 829 m | 99-year from 2018 | S$1,477 | 700 sq ft | 9 |
| THE BROOKS II | 893 m | Freehold | S$1,537 | 764 sq ft | 2 |
| THE BROOKS I | 1,001 m | Freehold | S$1,548 | 1,066 sq ft | 1 |
Location
- Nearest MRT station
- Springleaf MRT Station
- 195 m · ~3 min walk
- Nearest park
- Thong Soon Green Pg
- 459 m · ~6 min walk
Open data from LTA, NParks, MOE and SFA (data.gov.sg), located with OneMap. Malls are not shown: no open dataset exists. Map: OpenFreeMap, OpenStreetMap contributors.
What next?
Add Springleaf Residence to Compare and put it next to two or three others, or go back to all launches. Before you commit, visit the showflat and confirm prices with the developer.