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

From Grandeur Park Residences to Seaside Residences to Martin Modern, here are the new condo launch we’re most excited to see in the “Bullish 2017”.

For condo new launch in 2017, here’re some great ones to choose from, we have listed down the upcoming release projects that have yet to hit.

Check out the list below, and then let us know which projects  you’re most looking forward to as well!

Launch Date* Project Name Location Developer Per Plot Ratio Estimated Avg Price**
May 2016 > Gem Residences Lorong 6 Toa Payoh Evia & Gamuda $ 755 psf $ 1,5xx psf
May 2016 > Stars of Kovan Upper Serangoon Road Cheung Kong $ 849 psf $ 1,4xx psf
Nov 2016 > Queens Peak Dundee Road MCC Land $ 871 psf $ 1,6xx psf
Jan 2017 > 12 On Shan Shan Road Tiong Aik - On Hold
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 On Hold
Mar 2017 > INz Residence (EC) Choa Chu Kang Ave 5 Qingjian $ 295 psf $ 770 psf
Apr 2017 > ARTRA @ Alexandra Alexandra View Tang Group $ 851 psf $ 1,700 psf
Apr 2017 > Seaside Residences Siglap Road FCL $ 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 - - $ 1,7xx psf
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 $ 1,200 psf
Feb 2018 > New Futura Leonie Hill Road CDL - $2,8xx psf
Q1 2018 > Rivercove Residences (EC) Anchorvale Lane Hoi Hup $ 355 psf $ 8xx psf
Q1 2018 > Twin View West Coast Vale China Construction $ 592 psf $ 1,2xx psf
Q1 2018 > Marina One Residences Marina Way M+S - $ 2,3xx psf
2018 South Beach Residences Beach Road CDL - -
2018 - Margaret Drive MCL Land $ 998 psf $ 1,750 psf
2018 - West Coast Vale China Construction $ 592 psf $ 1,250 psf
2018 - 45 Amber Road (Former Ban Nee Chen) UOL - -
2018 - Tampines Ave 10 CDL $ 565 psf $ 1,200 psf
2018 - Toh Tuck Road SP Setia $ 939 psf $ 1,650 psf
2018 - Yishun Ave 9 EL Development $ 450 psf $ 1,050 psf
2018 - Perumal Road Low Keng Huat $ 1,001 psf $ 1,750 psf
2018 - Stirling Road Logan Property + Nashan Group $ 1,050 psf $ 1,800 psf
2018 - Lorong 1 Realty Park (Landed) SingHaiyi $ 526 psf TBA
2018 - Bidadari / Woodleigh MRT (Mixed-Development) SPH + Kajima $ 1,181 psf $ 1,900 psf
2018 - Woodleigh Lane CEL $ 1,110 psf $ 1,850 psf
2018 - Shunfu Rd (former Shunfu Ville) Qingjian $ 791 psf $ 1,550 psf
2018 - Potong Pasir Ave 1 (former Raintree Gardens) UVD (UOL + UIC) $ 797 psf $ 1,450 psf
2018 - Pasir Panjang Rd (former Harbour View Gardens) Roxy-Pacific - -
2018 - Cuscaden Walk Sustained Land $ 1,826 psf $ 3,300 psf
2018 - Grange Road Roxy-Pacific $ 1,464 psf -
2018 - Hullet Road Lian Huat Group - -
Q3 2018 - River Valley Road Roxy-Pacific $ 1,364 psf $ 2,600 psf
2018 - Serangoon North Ave 1 Keppel Land + WingTai $ 965 psf $ 1,600 psf
2018 - Beach Road Guocoland $1,706 psf -
2018 - 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 + KSH/Heeton $ 706 psf -
2019 - Changi Rd (former Eunos Ville) MCL Land $ 909 psf -
2019 - Serangoon North Avenue 1 (former Serangoon Ville) Oxley + Lian Beng + KSH/Heeton $ 835 psf -
2019 - Meyer Rd (former The Albracca) Sustained Land $1,409 psf -
2019 - Tampines St 11 (former Tampines Court) Sim Lian -
2019 - How Sun Drive (former Sun Rosier) SingHaiyi & Huijiang International $1,325 psf -
2019 - Jervois Road (former Jervois Garden) SC Global $1,373 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 -
2019 - Former Dunearn Court Roxy Pacific $1,371psf -
2019 - Killiney Rd (former Tai Wah Building) Lucrum Capital $2,209psf -
2019 - Rifle Range Rd (former Mayfair Garden) Oxley $1,244psf -
2019 - Chong Kuo Rd NA NA NA
2019 - Handy Rd NA NA NA
2019 - Hillview Rise NA NA NA
2019 - Holland Rd (Mixed Development) NA NA NA
2019 - Sengkang Central (Mixed-Development) NA NA NA

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

New Condo Take Up Rate

From the graph by URA, Singapore take-up rate of the private new condo launches shows the healthy scenario happening in current condo new sale market.  Credit to our ministry who reduce the supply of private housing, the total number of new condo sold has been showing positive and more than the supply of new condo launch. Obviously, the data increase the confidence level of the developers and buyers.

New Condo Launch in the East

Park Place Residences

Among the new condo launch 2017, I believe that projects in the East region attract the most attention.

Park Place Residences was 50% sold and the developer Lendlease decided to freeze the sales two days after the condo launch.

Park Place Residences in Paya Lebar Central

The integrated development offers 3 grade A office towers with close to 1 million square feet of best-in-class office space and amenities, a standalone mid-to-mid plus retail mall with over 340,000 square feet of shopping, dining and entertainment options and 3 residential towers comprising 429 apartments, positioned within a generous and lush public space.

Being one of the rare integrated developments among all new condo launch in Singapore, the average launch price was about $1,800psf.

Located next to Paya Lebar MRT station interchange, the residents at Park Place Residences will enjoy the seamless connectivity and amenities.

Grandeur Park Residences

Another new condo launch in the East will be the one next to Tanah Merah MRT station, Grandeur Park Residences by CEL Development. Interestingly CEL is the developer who sold more than one thousand units during the launch week of High Park Residences in July 2015 sent new private home sales creating the most astounding record in over 3 years. CEL sold about 60% on the initial launch of Grandeur Park Residences and more than 76% was sold as on 30 June 2017.

Based on pricing at The Glades, the CEL Development likely will price Grandeur Park Residences at around $1,350psf average.  According to the news, very attractive pricing for one-bedroom from $550k and two-bedroom from $700k.

Seaside Residences

Highly sought after, live among rich and famous, Seaside Residences is a luxury condominium that gives it residents panoramic views of Singapore’s Eastern Coast line in District 15.

Target to set a new benchmark of lifestyle living along East Coast, be fascinated with the great looking architectural marvels of Seaside Residences.  To match the luxurious lifestyle, every unit is superbly oriented to offer panoramic unblocked sea view and pool.

Seaside Residences is priced at the average of about $1,700psf.

New Condo Launch in the West Region

Clement Canopy
clement-canopy-condo-location

In November 2016, EL Development launches Parc Riviera in West Coast Vale with an average price of $1,200psf.

Being one of the most successful new launches in 2016, Lake Grande is the only new launch in the West Region which is jus a  short distance away from MRT station.

On March 2017, UOL will launch Clement Canopy at Clementi Avenue 1.  With its close proximity to Singapore Polytechnic, NUS and NUH, we estimate the average price will be is around $1,350psf.

12 on Shan, previously en bloc from Shan Court is now on hold for sale.

The Last 3 New Launch Executive Condominium for 2017 & 2018

On the other hand, we are facing dearth of executive condominium (EC) launches in 2017. , No new sites were released for EC development. Insufficient supply can result in a future shortage and an unwarranted spike in housing prices when demand picks up.

Choa Chu Kang EC location

Inz Residence was launched in March 2017 was having good response due to future development nearby.  Located at Choa Chu Kang Avenue 5, Inz Residence is just opposite the famous future Forest Town, Tengah.  The average price was around $780psf.

Hundred Palms Residences to be launched in July 2017, is expected to get great response due to dearth of EC supply.  Hoi Hup will monopolize the EC market in North East of Singapore since the remaining EC in Sengkang and Punggol were fully sold.

yio-chu-kang-ec-site-location

The last EC project, located at Anchorvale Lane could be launched on or after November 2017. Hoi Hup won the land bid at $355 psf over the maximum gross area, which denotes the highest price per plot ratio after Lake Life.  We can see that the eagerness of Hoi Hup in dominating the executive condo market in 2017 recently. Likely, the estimated average price of the Anchorvale Lane EC is $850psf.

Click here for the comprehensive list of New EC Launch.

anchorvale-lane-ec-site

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 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, 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

Which new condo launch are you looking forward to the most for next year? Let’s discuss in the comments!

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