City Developments’ (CDL) freehold Newport Residences sold 140, or 57%, of its 246 units on its launch weekend, as at 5pm on Feb 1.
Priced at an average of $3,370 psf (excluding the Super Penthouse), about 82% of buyers are Singaporeans, while 15% are Singapore Permanent Residents (PRs) from Indonesia, China, Malaysia, Canada, Germany, the UK and others.
According to CDL, all unit types were “well-received”, with one-, two- and three-bedroom units being “the most popular”.
Apartments are priced from $1.298 million for a one-bedroom (431 sq ft), $1.968 million for a two-bedroom (646 sq ft), $3.238 million for a three-bedroom (980 sq ft) and $8.28 million for a four-bedroom premium unit (2,067 sq ft).
Newport 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.
The residential component is spread across levels 23 to 45 with a Super Penthouse on the top floor.
See also: CDL’s freehold Newport Residences sells 56% of units on launch day
The Super Penthouse (12,960 sq ft) offers 360-degree panoramic views of the sea and city skyline, exclusive access via a dedicated lift and two exclusive private car park lots.
Pricing for the Super Penthouse is available upon application, according to CDL.
Sherman Kwek, CDL’s group CEO, says: “We are encouraged by the positive response to Newport Residences, affirming the exceptional value and appeal of owning a well-designed and rare freehold asset in a prime district in Singapore. Newport Residences offers lasting ownership value as a forerunner within a precinct undergoing significant transformation.”
See also: 544-unit Narra Residences sells nearly a quarter of units on launch weekend
Mark Yip, CEO, Huttons Asia, said in a Jan 31 statement that Newport Residences’ sea-facing two-bedroom units were fully sold on launch day, and “almost all” one-bedroom units facing the sea had been snapped up.
Around 79% of units at Newport Residences are one- and two-bedroom apartments, with configurations of up to four-bedroom units.
Newport Residences, located at the former Fuji Xerox Towers site at 80 Anson Road, stands out as the only remaining new freehold residential opportunity in District 2, said Marcus Chu, CEO of ERA Singapore.
Only 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.
Nearby, the 351-unit One Bernam garnered a 23% take-up rate when it was launched in May 2021, while the 262-unit Sky Everton — put on the market in June 2019 — had transacted 40% of its units during its launch weekend. Both One Bernam and Sky Everton are fully sold, notes Kelvin Fong, CEO of PropNex.
“We believe the good showing at Newport Residences bodes well for upcoming CCR launches, as it reflects sustained interest in well-priced, quality projects in prime districts, and that the demand for city living is gaining traction,” adds Fong.
Located 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.
Apartments feature marble flooring for living and dining and engineered timber flooring for bedrooms, a Haiku fan, designer kitchen appliances from Liebherr and V-Zug as well as premium bathroom fittings from DornBracht and wares from Duravit.
Larger units come with enhanced features such as ovens with steamers, wine chillers, dishwashers and freestanding long baths.
All units are equipped with a Smart Home Hub for remote management of smart devices, including air conditioning, doorbells, lighting, digital locksets and smoke detectors.
The Newport Residences sales gallery, located along Straits Boulevard, is open from 10am to 7pm daily. Marketing agents are ERA Singapore, Huttons, PropNex, OrangeTee & Tie and SRI.
Read more about City Developments’ Newport Residences:
