NEW YEAR CONDO PREVIEW:
Collection of New Condo Launch In Singapore


 | Updated on 15 Apr 2018

On September 2017, Morgan Stanley has released the most bullish forecast for the Singapore housing market, expecting private home prices to increase by 2% in 2017 and rising again by another 8% in 2018, reported the Business Times.

The existing unsold inventory (of the new condo) also plunged to a record 22-year low in 2017.  And going by the present selling rate, It is expected to be cleared by the third quarter of 2018.

Furthermore, Morgan Stanley analyst Wilson Ng even predicted property prices to double by 2030.

Check out the list of present and future new condo launch in the next two years:

Existing New Condo Launch

Launch Date* Project Name Location Developer Per Plot Ratio Estimated Avg Price**
- > Kallang Riverside Kampong Bugis Singapore Johore Express Pte Ltd - $ 2,300 psf
- > Gem Residences Lorong 6 Toa Payoh Evia & Gamuda $ 755 psf $ 1,5xx psf
- > Queens Peak Dundee Road MCC Land $ 871 psf $ 1,6xx psf
- > The Crest Prince Charles Crescent WingTai Holdings $ 960 psf $ 1,8xx psf
Feb 2017 > Clement Canopy Clementi Ave 1 UOL $ 615 psf $ 1,350 psf
Mar 2017 > Grandeur Park Residences Bedok South Ave 3 CEL $ 761 psf $ 1,350 psf
Mar 2017 > Park Place Residences Paya Lebar Rd Lendlease $ 943 psf Phase 2 Coming Soon
Mar 2017 iNz Residence EC (EC) Choa Chu Kang Ave 5 Qingjian $ 295 psf 100% SOLD
Apr 2017 > ARTRA @ Alexandra Alexandra View Tang Group $ 851 psf $ 1,700 psf
Apr 2017 > Seaside Residences Siglap Road Frasers Property $ 858 psf $ 1,700 psf
Jul 2017 > Martin Modern Martin Place Guocoland $ 1,239 psf $ 2,300 psf
Jul 2017 Le Quest Bukit Batok West Avenue 6 Qingjian $ 635 psf On Hold
Jul 2017 Hundred Palms Residences EC Yio Chu Kang Road Hoi Hup $ 331 psf 100% SOLD
Aug 2017 24 One Residences Pasir Panjang Road - - 100% SOLD
Aug 2017 Sandy 8 Sandy Lane - - $ 1,7xx psf
Aug 2017 Kandis Residence Jalan Kandis Dillenia Land $ 481 psf $ 1,0xx psf
Sep 2017 > Reflections at Keppel Bay Keppel Bay View Keppel Land - $ 1,8xx psf
Nov 2017 > Parc Botannia Fernvale Road Sing Development & Wee Hur $ 517 psf $ 1,270 psf
Nov 2017 > Marina One Residences (Phase 2) Marina Way M+S - $ 2,500 psf
Jan 2018 > New Futura Leonie Hill Road CDL - $3,500 psf
Feb 2018 > ParkSuites Holland Grove Road Far East - $2,200 psf
Mar 2018 > The Tapestry Tampines Ave 10 CDL $ 565 psf $ 1,320 psf
Mar 2018 > 8 Hullet Hullet Road (Orchard) Lian Huat Group - $ 3,400psf
Apr 2018 > Margaret Ville Margaret Drive MCL Land $ 998 psf $ 1,900 psf
Apr 2018 > Rivercove Residences (EC) Anchorvale Lane Hoi Hup $ 355 psf $ 965 psf
Apr 2018 > Amber 45 Amber Road UOL - -
Apr 2018 > Twin Vew West Coast Vale China Construction $ 592 psf $ 1,3xx psf
Apr 2018 > Harbour View Gardens Pasir Panjang Rd Roxy-Pacific $ 767 psf -

Future & Upcoming New Condo Launch

Launch Date* Project Name Location Developer Per Plot Ratio Estimated Avg Price**
May 2018 > The Garden Residences Serangoon North Ave 1 Keppel Land + WingTai $ 965 psf $ 1,600 psf
Q2 2018 > Shunfu Residences (TBA) Shunfu Rd (former Shunfu Ville) Qingjian $ 791 psf -
Jun 2018 > Stirling III Residences Stirling Road Logan Property + Nashan Group $ 1,050 psf $ 1,800 psf
Q2 2018 > Daintree Residence Toh Tuck Road SP Setia $ 939 psf -
Q2 2018 - Perumal Road Low Keng Huat $ 1,001 psf -
Q3 2018 > The Woodleigh Residences Bidadari / Woodleigh MRT (Mixed-Development) SPH + Kajima $ 1,181 psf -
2018 South Beach Residences Beach Road CDL - -
2018 - Lorong 1 Realty Park (Landed) SingHaiyi $ 526 psf -
2018 Park Colonial Woodleigh Lane CEL $ 1,110 psf -
2018 - Potong Pasir Ave 1 (former Raintree Gardens) UOL + Singland $ 797 psf -
2018 - Cuscaden Walk Sustained Land $ 1,826 psf -
2018 - Grange Road Roxy-Pacific $ 1,464 psf -
2018 - River Valley Road Roxy-Pacific $ 1,364 psf -
2018 - Beach Road Guocoland $1,706 psf -
- - One Tree Hill (former One Tree Hill Gardens) Lum Chang - -
2019 - Upper Bukit Timah (former Goh & Goh Building) BBR Holdings - -
2019 - Upper Serangoon View (former Rio Casa) Oxley & Lian Beng $ 706 psf -
2019 - Changi Rd (former Eunos Ville) MCL Land $ 909 psf -
2019 - Serangoon North Avenue 1 (former Serangoon Ville) Oxley & KSH Holdings $ 835 psf -
2019 - Hougang Avenue 2 (former Florence Regency) Logan Property $ 842 psf -
2019 - Meyer Rd (former The Albracca) Sustained Land $1,409 psf -
2019 - Tampines St 11 (former Tampines Court) Sim Lian $676 psf -
2019 - How Sun Drive (former Sun Rosier) SingHaiyi & Huijiang International $1,325 psf -
- - Upper Paya Lebar Rd (former How Sun Park) SingHaiyi $1,092 psf -
2019 - Jervois Road (former Jervois Garden) SC Global $1,373 psf -
- - Jervois Road (former Jervois Green) - $1,601 psf -
2019 - Meyer Road (former Nanak Mansions) UOL $1,429psf -
2019 - Former Amber Park CDL $1,515psf -
2019 - Former Normanton Park Kingsford $969psf -
2019 - Former Changi Garden CEL $888psf -
- - Former Dunearn Court Roxy Pacific $1,371psf -
- - Killiney Rd (former Tai Wah Building) Lucrum Capital $2,209psf -
2019 - Rifle Range Rd (former Mayfair Garden) Oxley $1,244psf -
- - Bukit Timah Rd (former Royalville) Allgreen Properties $1,960 psf -
2019 - Ewe Boon Rd (former Crystal Tower) Allgreen Properties $1,840 psf -
2019 - Jalan Lempeng (former Park West) Singhaiyi $850 psf -
2019 - Lorong Kismis (former Kismis View) Roxy-Pacific & Tong Eng Group $855 psf -
- - Farrer Rd (former The Wilshire) Roxy-Pacific & Tong Eng Group $941 psf -
2019 - Jiak Kim Street Frasers Property $1,733 psf -
2019 - Fourth Avenue Allgreen Properties $1,540 psf -
2019 - South Buona Vista Rd (former Vista Park) Oxley $1,096 psf -
- - Dervonshire Rd (former Derby Court) Roxy Pacific $1,390 psf -
2019 - Amber Rd (former Parkway Mansion) Sustained Land $1,536 psf -
- - Gilstead Road (former Casa Contendere) Tee Land $1,638 psf -
- - Toh Tuck Road (former Good Luck Garden) Qingjian Realty $1,100 psf -
- - Jalan Eunos (former Eunos Mansion) Fragrance Group $1,118 psf -
Q2 2019 - Chong Kuo Rd Lian Soon Holdings & OKP Land $681 psf -
Q2 2019 - Handy Rd CDL $1,722 psf -
Q2 2019 - West Coast Vale CDL $800 psf -
- - Bukit Timah Rd (former City Towers) Cheung Kong $1,847 psf -
2019 - Outram Park (former Pearl Bank Apartments) CapitaLand $1,515 psf -
- - Cairnhill Road (former Cairnhill Mansions) Low Keng Huat $2,311 psf -
- - Kim Yam Road (former Riviera Point) Macly Group $1,461 psf -
2019 - Sunset Way (former Brookvale Park) Hoi Hup & Sunway Development $932 psf -
- - Holland Road (former Hollandia) Far East Organization $1,703 psf -
- - Arthur Road (former Katong Park Towers) Bukit Sembawang $1,280 psf -
- - River Valley Close (former Pacific Mansion) GuocoLand, Intrepid Investments, Hong Realty $1,987 psf -
Q1 2019 - Hillview Rise NA NA NA
Q1 2019 - Holland Rd (Mixed Development) NA NA NA
Q1 2019 - Sengkang Central (Mixed-Development) NA NA NA
Q2 2019 - Sumang Walk (Punggol EC) CDL $ 583psf NA
Q2 2019 - Cuscaden Road (off Orchard Boulevard) NA NA NA
Q2 2019 - Silat Avenue (Outram Park) NA NA NA
Q2 2019 - Matter Road (MacPherson) NA NA NA
Q3 2019 - Dairy Farm Road (Hillview) NA NA NA
Q3 2019 - Jalan Jurong Kechill (Bukit Timah/Hillview) NA NA NA
Q3 2019 - Tampines Avenue 10 (EC) NA NA NA
Q3 2019 - Canberra Link (EC) NA NA NA
Q3 2019 - Anchorvale Crescent (Sengkang EC) NA NA NA

For more information on Government Land Sale, visit URA Space.

The Surge in The Sales Volume of New Condo Launch 

new launch condo take up rate

From the graph released by URA, Singapore take-up rate of the private new condo launches shows very positive and healthy scenario.

Due to the lower supply of new condo launch, the sales volume bounced from the valley in 2016 and now still, in the beginning of the uptrend rally.

Obviously, the graph showed that the take-up is much higher than the supply, no wonder Singapore property market is moving upward.  And this situation is likely to continue for the next 3 to 4 years.

The Return of Buyers to the Resale Market

Condo Resale Market

Here is another graph showing the Condo Resale volume throughout the years. Obviously, the condo resale volume is increasing since end 2016. This could be due to the short supply of new condo and the attractive price for the resale condo. We expect that more buyers will return to the resale market in 2018.

The Discount is Not Going To Last Forever

Many indicators are signaling that the property market in Singapore is likely to pick up soon. In addition, Government Land Sales (GLS) has been slowed down, developers are trying to replenish their land source and thus have fewer units to sell in the coming years.  Looking at the current market trend of the new condo launch, especially with the dwindling supply, the price of the new condo is expected to be more expensive in the near future. This means that if you want to take advantage of the discount, you have to act now or watch the opportunity slip by.

 

Note: 
Launch Date *: The estimated launch date of the residential project based on the date of award and the pre-launch waiting period of past developments, subject to changes without prior notice.
Estimated Average Selling Price **: The estimated average selling price based on market trend, the transaction history of relevant developments and tender price, subject to changes without prior notice.
#: The land price is higher than typical residential land because it is a mixed development land which comprises three Grade-A office towers, shopping mall, and three private residential towers.
Avg Selling Price ^: The average selling price based on the past 6 months.

Reference: URA SPACE

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