Targeted New Condo Launch in 2018

With reduced government land sales in Singapore, developers turned to sales en bloc of older developments. This results in increased new condo launch for 2018 or thereafter, for home buyers.

The latest news being former HUDC estate Normanton Park near Kent Ridge Park and Park West condo in Clementi, making a second and third bid respectively in its collective-sale. They hope to ride on the successes of several en bloc sales to-date.

Current New Condo Launch available

For home buyers planning to acquire their property within a short time frame, current new developments for sale can be considered, as construction of upcoming new condo launches typically takes three to five years to complete.

There’s also a couple of new condo launch that is targeted for end of 2017. They are New Futura at Leonie Hill, The Navian at Jalan Eunos, yet-to-be-named development in Fernvale Road, etc.

With recent ST article on 30 Aug 2017 reporting that “Private home transactions soar, with more Singaporeans buying“, indication is that private residential apartments sales has rebounded, with sign that it is emerging from its lengthy slump.

Drivers of current transaction volume going up are likely home buyers whose viewpoint concur with many that home prices are likely to increase. This is attributed to land costs incurred by developers for recent land sales.

Quoting Mr Kwek Leng Beng of CDL in a Straits Times article, he says “Land is akin to raw material for a factory”.

Adding in building and other related costs, plus a profit margin, home buyers can estimate future pricing.

For a list of current private residential apartments, including executive condominiums, for walk-in sales, you can ‘mouse-over’ “New Launches” or “Executive Condo” on the bar at the top of this page.

Listing of New Condo Launch in 2018 or thereafter

For home buyers looking out for a new home or for investment yield, here’s a snapshot of where the expected new condo launch will be:

Via government land sales (GLS)

Location Developer Type
Margaret Drive MCL Resi
Perumal Road Low Keng Huat Mixed-Use
Serangoon North Ave 1 Keppel Land and Wing Tai Resi
Stirling Road Nanshan Group and Logan Property Mixed-Use
Tampines Ave 10 Parcel C CDL Resi
Toh Tuck Road SP Sertia Resi
Upper Serangoon Road (Bidadari) SPH and Kajima Development Mixed-Use
West Coast Vale China Construction Development Resi
Woodleigh Lane CEL Resi

Via en bloc sales

Current Development Name Location Developer Type
Albracca  Meyer Place Sustained Land Resi
Eunosville Changi Road MCL Resi
Rio Casa  Hougang Ave 7 Oxley Holdings Resi
Raintree Gardens  Potong Pasir Ave 1 UIC & UOL Resi
Serangoon Ville Serangoon North Ave 1 Oxley Holdings Resi
Shunfu Ville Shunfu Road Qingjian Resi
Tampines Court  Tampines St 11  Sim Lian Resi

It will take some time for developers to complete the en bloc sales process, and subsequently obtain approval from authorities to market their development. Therefore, estimated launch date may happen in second half of 2018 or thereafter.

Interested in New Condo Launches?

To discuss and know more, or to be updated on current or future new condo launches, please call developer’s appointed marketing agent Poh Lin at tel no. 96700937 or submit the contact form here with your query.