Mega Condo TOP 2023 (Subsale Frenzy?)

This year, we already have 3 mega projects TOP. They are Stirling Residences, Parc Esta and Jadescape. Currently, their transacted price are around $2,100psf.

Today I will show you where are the subsale mega condos that are expected to TOP in 2023.

Most of these projects are previously old HUDC that successfully en bloc.

We have 3 in the northeast region, 1 in the east region and 2 in the southern region.

Remember the evening in 2018, when the government announced the cooling measure around 6pm.

Everyone chiong to the showflat and queue outside Riverfront Residences showflat and must book a unit before 12am.

I remember the multi-storey carpark opposite was totally full until the residents complaint.

This project is developed by Oxley.

With 1472 units in the project itself.

Riverfront Residences is located at Hougang Avenue 7. About 15 mins walk to the Hougang MRT along the Northeast Line.

Hougang MRT station will be an interchange to have Cross Island Line, target to complete by 2030.

As of the date of taking this video, in total there are 109 units subsale units already transacted. And it is the highest among all projects.

Price ranging around $1,500psf.

You can buy a 1-bedroom unit slightly above $700k.

2-bedroom units sold around $1 to $1.2mil.

3-bedroom units between $1.3 to $1.6mil.

And their 4-bedroom units are above $2mil.

Next, again another project by the same developer Oxley, this is Affinity at Serangoon.

In 2018, I remember back then launching the project after just one weekend of preview to compete against The Garden Residences.

Garden Residences was TOP-ed in 2021 and some units were sold above $1,800psf.

Affinity at Serangoon is located just 2-3 min walk to the upcoming Serangoon North MRT station along Cross Island Line that target to complete by 2030.

So, if you wish to buy it for your own stay, it will be more convenient for you in the future. And if you are buying for investment, you got to hold until the MRT commences operation in about 8 years time.

Another big selling point for Affinity at Serangoon is the popular primary school, Rosyth School is within 1km radius.

There are total 1,052 units.

So far, only 24 units subsale done.

Now the price is mostly around $1,700psf.

You can buy a 1-bedroom unit slightly around $800-900k.

2-bedroom units ranging above $1mil to $1.35mil.

3-bedroom units between $1.4 to $1.8mil.

And their 4-bedroom units are above $2.2mil.

Generally, Affinity @ Serangoon is about $100k-200k higher than Riverfront Residences.

In my opinion, if you compare these 2 projects, I would still prefer Affinity more.

Next, another mega project in the North East region, The Florence Residences.

On the first day of launch in 2019, the developer, Logan Property only managed to sell 54 units out of the total 1,410 units.

However, the announcement of Cross Island Line did boost a lot in their sales.

That’s why the developer can raise the price from $1,400psf all the way to $2,000psf.

The good thing about this project is within walking distance to both Hougang and Kovan MRT.

Furthermore, Hougang will be the MRT interchange to the Cross Island Line in 2030.

And we will have an integrated development next to Hougang Interchange. Very likely it will sell something beyond $2,200psf in the future.

As of today, 14 subsale units transacted. Around $1,600-1,800psf.

1-bedroom sold around $900k.

2-bedroom units around $1.2-1.3mil.

3-bedroom units between $1.5-1.8mil.

And 4-bedroom sold at $2.1mil.

Now, let’s look into the East region.

Treasure at Tampines was launched in 2019 by Sim Lian.

This is the biggest project in Singapore with 2203 units in total.

And it is also the cheapest new launch condo back in 2019, at an average price of $1,280psf.

Treasure at Tampines is located right next to the popular Round Market in Tampines.

Although it is quite far away from Tampines MRT, but you are still walkable to Simei MRT if you don’t mind to cross the overhead bridge.

Treasure at Tampines is located right next to the popular Round Market in Tampines.

Although it is quite far away from Tampines MRT, but you are still walkable to Simei MRT if you don’t mind to cross the overhead bridge.

So far, there were 16 subsale units transacted already.

Price ranging from $1,500-$1,600psf.

You can get a 1-bedroom there below $800k.

2-bedroom at least $1mil and above.

A 3-bedroom compact can be $1.2-1.4mil, whereas the 3-bedroom premium can be more than $1.6mil.

4-bedroom is close to $1.9mil.

I believe when it TOP later, many units will be available for sale.

So, it could be a good chance for you if you are looking for something cheap and ready to move in next  year.

Next up, let’s look into the Southern region. We have Normanton Park.

Initially, the developer Kingsford is not allowed to sell any unit before TOP is obtained.

However, thereafter they got the green light but must achieve 100% Quality Mark inspection by the Building and Construction Authority (BCA) before being issued the Temporary Occupation Permit (TOP).

So eventually, Kingsford managed to launch Normanton Park in early 2021.

Till now, its still within the 3 years seller stamp duty period.

That’s why, as of now, no subsale transacted yet.

Normanton Park is located somewhere near to the Science Park I and Kent Ridge Park.

Although it is not near to any amenities, but it is super convenient for people who work around One North and Pasir Panjang area.

Very convenient for those who drive, because you come out from Normanton Park is the AYE.

All these projects were fully sold by the developers. And if you are keen to look for one, you got to buy a unit from the subsale market.

Subsale is suitable if you are looking for something ready to move in soon, with the intention of own stay or investment for long term at least 5 to 10 years.

If you would like to know which project has more potential, you may reach me via WhatsApp at 91887652.