What were the 2020 New Launches Condo in Singapore?

What were the 2020 New Launches Condo in Singapore?

2019 Market Recapped:

In 2019, we saw total 52 new projects and this is the highest number of new units launched in seven years. With 37 new projects and half the number of units in 2020. The number of new private, non-landed residential units in the pipeline for launch is estimated to be around 8,900 units, which is just over half of 2019’s

What happened in 2020?

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 2019, 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, 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 2020 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 2019 since they are not able to make it on time to launch:

2020 New Launches Condo in Singapore 

Editor’s picked projects (max 3) in the respective regions.

East Region:
1) The Ryse @Pasir Ris Central – integrated with MRT/ bus/ mall. 99yrs, good land price. Expected selling $1450 psf
2) Penrose @Sims Drive – 400m to Aljunied. 99yrs, good land price. Expected selling $1550 psf.
3) Katong Park Tower – near upcoming TEL Katong Park (TE24). 99yrs, Expected selling $2300 psf.

West Region:
1) Linq @Beauty World – doorsteps to MRT & future transportation hub. Freehold. Expected selling $1950 psf.
2) One North Eden – 260m to One North MRT. 99yrs. Expected selling $1900 psf.
3) Clavon – Near to Clementi MRT. University Town, near One North. 99yrs. Expected selling $1650 psf

North Region:
1) Parc Canberra (EC) – Rare executive condo which near to MRT (350m to Canberra MRT). 99yrs. Expected selling $1100 psf

North East Region:
1) OLA (EC) – New concept of EC livings by EVIA. 99yrs. Expected selling $1100 psf

Central:
1) The M @Middle Road – next to Bugis Junction/ MRT. 99yrs. Expected selling $2400 psf
2) Leedon Green – one of the largest freehold land over the decade. Freehold. Expected selling $2800 psf
3) Tan Queen Lan St – 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 2020. Developers and buyers are seems to be adapted to the cooling measures introduced in July 2018, i.e increased in Additional Buyer’s Stamp Duty, and lower loan margin to 75% (LTV ratio).