Just Launched:
The Iveria @River Valley [Freehold @District 09] ~$2,400 psf
Urban Treasures (Former Eunos Mansion) [Freehold @District 14] ~ $1,900 psf
Dairy Farm Residences [Leasehold @District 23] ~$1,650 psf

Upcoming Launches (Nov/ Dec 2019)
Avenir @River Valley [Freehold @District 09] ~$3,000 psf

Upcoming Launches (Q1/Q2 2020)
绿墩雅苑 Leedon Green [Freehold @District 10] ~$2,800 psf
Linq at Beauty World [Freehold @District 21] ~$1,900 psf
One Holland Village Residences [Leasehold @District 10] ~$3,000 psf
Parc Canberra EC [Leasehold @Distrct 27] ~$1,100 psf
Pasir Ris Central Condo [Leasehold @District 18] ~$1,450 psf
19 Nassim Hill [Freehold @District 10] ~$2,800 psf
Van Holland [Freehold @District 10] ~$2,800 psf
Verticus Condo @Balestier [Freehold @District 10] ~$2,800 psf
OLA EC @ Sengkang [Leasehold @ District ] ~$1,000 psf
纽顿铜源. Kopar at Newton [Leasehold @District 09] ~$2,100 psf
Sims Villa [Leasehold @District 14] ~$1,400 psf
The Atelier Condo @Newton [Freehold @District 09] ~$2,600 psf
The M Condo @Middle Road [Leasehold @District 07] ~$2,400 psf
The Landmark @Chinatown [Leasehold @District 03] ~$2,200 psf

New condominiums launching in 2019

2018 Market Recapped:

Singapore’s real estate market has been one of the hottest topics in many newspapers in 2018. I bet it will continue to be like that in 2019. Many developers and analysts first believed in a positive market outlook in 2019. But with new regulations in place, I’m not that certain.

After being in a downward trend since 2013, Singapore’s real estate market finally began to show signs of recovery in Q2 2017. If we compare 2018 with 2017, we can see that the real estate market gradually recovered and housing prices started to rise significantly in the first months of 2018.

Increased Additional Buyer’s Stamp Duty as of 2018

The high price increases in Q1-Q2 in 2018 (reaching over 3%) outperformed the government’s and analysts’ expectations, threatening a smooth recovery of the market.

In an attempt to cool down the market, the government announced several curbs in July 2018:

• A 5% increase of the Additional Buyer’s Stamp Duty (ABSD)
• A tightened Loan-to-Value (LTV) ratio by 5%, even when buying a first home

Developers will have to pay 25% more in tax of the land costs (increased from 15%), if they buy land for redevelopment. This is a popular option as vacant land is scarce

The 5% increase of the ABSD rate applies to citizens and permanent residents when buying buying a second home, which will now be 15%. Non-permanent residents and citizens on the other hand need to pay a hefty ABSD rate of 20%,for both first and second homes.

What’s coming up in 2019?

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 2018, 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 occasionally 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 your reference, we had mapped the new developments that are expected to be launched for sale in 2019 into single Google Map as the following.

A brief info (project name, address, developer, and expected total number of units) can be seen when you click on the marker.

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 might carry forward to launch in 2020 instead.

Summary

The Singapore property market will most likely slow down in 2019. Developers and buyers are cautious after the government decided to increase the Additional Buyer’s Stamp Duty, and the LTV ratio. It’s clear that the government introduces curbs to keep avoid further price increases.

The overall performance of the economy will also have an impact. If the growth rate remains better than expected, buyers can also return to the market sooner than expected.

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