Newport Residences Launches as a Rare Freehold CBD Home, Prices From S$3,012 psf
Newport Residences is set to launch as one of the few freehold residential developments in Singapore’s Central Business District in recent years. Located along Anson Road in prime District 2, the project occupies the former Fuji Xerox Towers site and forms part of the mixed-use Newport Plaza development.
For buyers who are still getting familiar with the project, a full overview of the development, location, and positioning can be found on the Newport Residences homepage.
Developed by City Developments Ltd, Newport Residences will comprise 246 private homes positioned between the 23rd and 45th storeys, offering elevated views within a predominantly commercial precinct. Lower floors within the development will house branded serviced apartments, Grade A offices, and a curated selection of restaurants.
Public previews for Newport Residences will begin on 16 January, with sales bookings scheduled from 31 January.
Freehold Homes in a Highly Limited CBD Location
The entire Newport Plaza development spans approximately 54,802 sq ft, with a total gross floor area of about 655,000 sq ft. The residential component benefits from a freehold tenure, a feature that has become increasingly rare within Singapore’s downtown core.
Newport Residences’ location places it within walking distance of key business districts, transport links, and the evolving Greater Southern Waterfront, positioning it as a long-term hold for buyers seeking centrality and scarcity value.
Newport Residences Price Guide
Prices at Newport Residences start from S$3,012 per square foot, with one-bedroom units priced from just under S$1.3 million. A full and regularly updated breakdown is available on the Newport Residences price page.
- One-bedroom units range from 431 to 581 sq ft, priced from just under S$1.3 million, or about S$3,012 psf
- Two-bedroom units range from 646 to 926 sq ft, priced from S$1.97 million, or about S$3,046 psf
- Three-bedroom units range from 980 to 1,227 sq ft, priced from S$3.24 million, or about S$3,304 psf
- Four-bedroom units measure 2,067 sq ft, priced from S$8.28 million, or about S$4,006 psf
The largest residence within the project is a 12,960 sq ft penthouse, described as a “bungalow in the sky”, complete with a private lift and two dedicated car park lots. Pricing for the penthouse is available on application.
Unit Mix and Floor Plan Overview
The unit mix at Newport Residences is weighted toward smaller configurations, reflecting demand patterns within the CBD. Buyers who wish to review layouts and unit sizing in detail can refer to the Newport Residences floor plan page.
- 108 one-bedroom units, making up 44% of the total supply
- 87 two-bedroom units
- 32 three-bedroom units
- 18 four-bedroom units
- 1 penthouse
This mix suggests a strong focus on professionals, investors, and buyers seeking a centrally located home with long-term rental and resale appeal.
Context Within the District 2 Market
Based on URA Realis data, the median price of new non-landed private homes in District 2 in 2025 was S$2,523 psf. Median resale prices stood at S$2,172 psf, while sub-sale prices were S$2,726 psf.
Recent transactions in the surrounding area provide additional context:
- W Residences Marina View Singapore recorded a median price of S$3,352 psf, with its latest sale at S$3,302 psf
- One Marina Gardens, a 99-year leasehold development, sold 38% of its units at an average price of S$2,953 psf during its launch weekend
- Nearby projects under development include Skywaters Residences, W Residences Marina View, One Marina Gardens, and One Bernam, collectively adding more than 2,400 homes to the area over time
Against this backdrop, Newport Residences enters the market at a premium, supported by its freehold status, elevated residential floors, and integration within a mixed-use development.
Expected Completion
Newport Residences is expected to receive its notice of vacant possession on 1 March 2030, making it suitable for buyers with a longer-term horizon who are prioritising location, tenure, and future CBD transformation potential.
