Checkout What were the 2021 New Launches Condo in Singapore?
2020 Market Recapped:
In 2020, we saw total 26 new projects had successfully launched. Notably, a few launches had archived tremendous result (> 70% sold in first day) despite being a pandemic year, i.e
The M @Bugis,
Penrose @Aljunied,
Linq @Beauty World &
Clavon @Clementi.
Looking back 2020, a chockful of events happened. The year started with the United States bombing and killing an Iranian general. COVID-19 broke out in China, then Italy, before spreading to the rest of the world. The United States elected Joe Biden and Kamala Harris.… etc. It has also been a roller-coastal ride for equity markets: from a sudden meltdown in March to an almost as sudden recovery, then trending, then heading towards the end of the year with some additional reversals and corrections as the COVID-19 vaccine appears in sight.
2020 may be coming to an end, but the challenges we faced this year could continue — the mutated COVID‑19 virus, intensifying political division, widening economic inequality, and the climate crisis, just to name a few. Although the path forward from 2020 may feel uncertain, one thing has never been more clear: To change the trajectory for the better, we have to come together, work together, and support each other in building a brighter, safer, more just future we can all share.
What if we never go back to pre-Covid reality? If that’s true, then the people who are able to accept that, and embrace the future, will be way ahead of those attempting to return to the past.
As for real estate, as I reflect on how the pandemic has impacted my life and the lives of my clients and colleagues, I’ve noticed one critical element – which is the norm of WFH (working from home). WFH had trigger the desire of having more livings space, be it for a family or expats who are currently renting with other friends. This drive the upgrading/ new/ larger homes demands to a certain degree. For investors looking for stable passive income, they are now looking for hassle-free/ risk-free with rental guaranteed from reputable developers. Hereby, I summarized below for Singapore & Overseas property market in 2020.
Prediction for 2021 during end of 2020
Stepping into 2021, we’re expecting around 34 new projects, including those didn’t manage to launch in time for 2020. The number of new private, non-landed residential units in the pipeline in 2021 is estimated to be around 10,000 units, which is just over half of 2019’s.
The land sales on 30th Oct 2020 at Tanah Merah had hit $930psf ppr, this translated to launch price ~ $1750 psf. So we have to expect higher land price and construction moving forward. Nevertheless, there are still good developments out there to explore.
We provide here a compilation of the upcoming condominiums and apartments that are slated to be launched for sale this year. The basis for estimation are based on the time of sites that were sold in 2020, then the adding of a few months to account for closing of deal, preparation of land, appointment of consultants by the purchaser etc. Some of the developments are still pending for the official name. For those cases from en-bloc sales, we temporary use the former project names, or address of site for government land sales (GLS).
This post will be updated periodically as new information arises on the progress of these condominiums/ apartments. Please Kindly bookmarked it or register interest in the Google form, so we can update you the market in timely manner.
To ease the reference, we had mapped the new developments that are expected to be launched for sale in 2021 into single Google Map to ease our discussion further. Looking forward to share with you more.
The following table summarised all upcoming projects at a glance. The list in table and mapping will be updated accordingly shall there is anything new coming up in our records. Some had been might carry forward from 2020 since they are not able to make it on time to launch:
2021 New Launches Condo in Singapore
| District | Project | Location | Tenure | Developer | Unit |
|---|---|---|---|---|---|
| 2 | One Bernam | Bernam Street/Tanjong Pagar | 99-years | Hao Yuan Investment and MCC Land | 351 |
| 2 | New residential-commercial project (former Realty Centre) | Enggor Street | Freehold | The Place Holdings | N.A. |
| 4 | The Reef at King’s Dock | Harbourfront Avenue | 99-years | Mapletree and Keppel Land | 429 |
| 5 | Normanton Park | Normanton Park | 99-years | Kingsford Development | 1840 |
| 5 | One-North Eden | One-north Gateway | 99-years | TID Pte Ltd (joint venture between Hong Leong Group and Mitsui Fudosan) | 165 |
| 5 | Sunstone Hill | Balmeg Hill/Pasir Panjang Road | Freehold | Sunstone Properties (Pasir Panjang) Pte Ltd | 28 |
| 6 | Canninghill Piers/ Canninghill Square (Former Liang Court) | Clarke Quay | 99-years | CapitaLand and City Developments Ltd (CDL) | 700 |
| 7 | Midtown Modern | 16 & 18 Tan Quee Lan Street | 99-years | GuocoLand, Hong Leong Holding and Hong Realty | 558 |
| 9 | Cairnhill 16 (former Cairnhill Heights) | 16 Cairnhill Rise | Freehold | Tiong Seng Holdings and Ocean Sky International | 39 |
| 9 | The Atelier (former Makeway View) | 2 Makeway Avenue | Freehold | Bukit Sembawang Estates Limited | 120 |
| 9 | Klimt Cairnhill (former Cairnhill Mansion) | Cairnhill Road | Freehold | Low Keng Huat | 138 |
| 9 | Irwell Hill Residences | Irwell Bank Road | 99-years | City Developments Ltd (CDL) | 540 |
| 9 | 16 Cairnhill | Cairnhill Rise | Freehold | Far East Organization | N.A. |
| 10 | Les Maisons Nassim (former bungalow site at 14 & 14A Nassim Road) | Nassim Road | Freehold | Shun Tak Holdings | 14 |
| 10 | Perfect Ten (former City Towers) | Bukit Timah Road | Freehold | CK Asset Holdings | 230 |
| 10 | EDEN (former Hampton Court) | Draycott Park | Freehold | Swire Properties | 20 |
| 10 | Park Nova (former Park House) | Tomlinson Road | Freehold | Shun Tak Holdings | 54 |
| 10 | Grange 1866 (former iliv@Grange) | Grange Road | Freehold | Grange 1866 Pte Ltd | 60 |
| 10 | New residential project (redevelopment of Royal Oak Residence) | Anderson Road | Freehold | FEC International | 110 |
| 11 | Peak Residence (former Peak Court) | Thomson Road | Freehold | Tuan Sing Holdings Limited | 90 |
| 14 | Mori | Jalan Molek | Freehold | Roxy Pacific | 137 |
| 14 | Zyanya | Lorong 25A Geylang | Freehold | NNB 8 | 34 |
| 15 | Rymden 77 | Lorong H Telok Kurau | Freehold | Quek Hock Seng Development | 31 |
| 15 | Amber Sea (former Amber Glades) | Amber Gardens | Freehold | Far East Organization | 132 |
| 15 | La Mariposa (former Tian Court) | Mangis Road | 99-years | Lakeview Investments | 17 |
| 15 | LIV @ MB (former Katong Park Towers) | Arthur Road/Mountbatten Road | 99-years | Bukit Sembawang Estates Limited | 298 |
| 18 | Parc Central Residences (executive condo) | Tampines Avenue 10 | 99-years | Hoi Hup Realty and Sunway Development | 700 |
| 18 | Pasir Ris 8 | Pasir Ris Central | 99-years | Allgreen Properties and Kerry Properties | 487 |
| 19 | Bartley Vue | Jalan Bunga Rampai/Bartley | 99-years | Wee Hur (Bartley) Pte Ltd | 115 |
| 19 | New condominium (former Kovan Lodge) | Kovan Road | Freehold | Soon Lian Realty | 50 |
| 23 | Phoenix Residences | Phoenix Avenue | 99-years | OKP | 74 |
| 23 | The Arden | Phoenix Road | 99-years | Qianjian Realty | 80 |
| 27 | The Watergardens | Canberra Drive | 99-years | UOL Group and UIC | 448 |
| 27 | Provence Residences (executive condo) | Canberra Link | 99-years | MCC Land | 413 |
| 27 | The Commodore | Canberra Drive | 99-years | JBE Holdings | 220 |
| 27 | North Gaia | Yishun Avenue 9 | 99-years | Sing Holdings | 600 |
| 28 | Parc Greenwich | Fernvale Lane | 99-years | Frasers Property | 500 |
| 28 | Pollen Collection | Nim Road/Ang Mo Kio Avenue 5 | 99-years | Bukit Sembawang Estates Limited | 132 |
Editor’s picked projects (max 3) in the respective regions.
East Region:
1) Pasir Ris 8 @Pasir Ris Central – integrated with MRT/ bus/ mall. 99yrs, good land price. Expected selling $1450 psf
2) Liv @MB (former Katong Park Tower) – near upcoming TEL Katong Park (TE24). 99yrs, Expected selling $2300 psf.
West Region:
1) One North Eden – 260m to One North MRT. 99yrs. Expected selling $1900 psf.
North Region:
1) Provence Residence (EC) – Rare executive condo which near to MRT (400m to Canberra MRT). 99yrs. Expected selling $1100 psf
Central:
1) Midtown Modern – masterpiece by Guocoland to complete the link up Bugis with Raffles, Marina & Suntec. 99yrs. Expected selling $2500 psf
Summary
Reported by EdgeProp on 9th Jan 2020, Singapore has been ranked as one of the top three prime real estate cities in the world (right after London & New York), which boast strong demand from tenants, owners and consumers. The ranking is by global real estate investment management firm Heitman.
In personal view, Singapore property market will most likely still quiet but slowly move upwards in 2021 with the positive news on vaccines and international travelling ease.
If 2021 is going too strong again with property price up >5% in 2nd half 2021, it’s not surprise that government will introduce new cooling measures again to slow down the growth, be it by increasing ABSD or reducing the CPF usage for property purchase.
Although DBS & Morgan Stanley both predicted in 2018 that Singapore’s property market price to “double” (or averagely $2,900 psf) by 2030, and so far the trend is still holding true. But it’s hard to know how the new legislation/ new intervention from government (if any) will affect the market through the upcoming years.
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