Forett @Bukit Timah [Freehold @District 21] ~ $1,850 psf
Cairnhill 16 @Orchard [Freehold @District 09] ~$3,300 psf
Upcoming in Aug/ Sept
Penrose @Sims Drive [Leasehold @District 14] ~ $1,500 psf
Noma @Guillemard Road [Freehold @District 14] ~ $1,550 psf
Linq @Bukit Timah [Freehold @District 21] ~ $2,150 psf
Landmark @Chinatown [Leasehold @District 03] ~ $2,200 psf
Hyll @Holland [Freehold @District 10] ~ $2,800 psf
2019 Market Recapped:
This year 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’s coming up 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 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 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:
|Region||District||Propject Name||Location||Tenue||Developer||No of Units (Est)|
|Central||2||Private Residential||Bernam Street||99-years||Hao Yuan Realty||325|
|Central||2||Former Chinatown Plaza||34 Craig Road||Freehold||Royal Golden Eager||180|
|Central||3||The Landmark (Former Landmark Tower)||Chin Swee Road||99-years||ZACD Group & MCC Land||360|
|West||5||Normanton Park||Normanton Park||99-years||Kingsford Huray Development||1,862|
|West||5||Clavon||Clementi Ave 1||99-years||UOL||640|
|West||5||One North Gateway Condo||One North Gateway||99-years||Hong Leong||165|
|Central||7||The M||Middle Road||99-years||Wing Tai||375|
|Central||7||Midtown Gardens @Bugis||Tan Queen Lan St||99-years||Guocoland||200|
|Central||9||Atelier (Former Makeway View)||Makeway Avenue, off Kampong Java Road||Freehold||Bukit Sembawang Estates||116|
|Central||9||Avenir (Former Pacific Mansion)||River Valley Close||Freehold||Guocoland & Hong Leong Investment Holdings||376|
|Central||9||Former Park House||Orchard Boulevard||Freehold||Shun Tak Holdings||170|
|Central||9||Cairnhill 16||Cairnhill Rise||Freehold||Tiong Seng & Ocean Group||39|
|Central||9||Dalvey Haus||Dalvey Road||Freehold||Low Keng Huat||27|
|Central||9||Grange 1866||Grange Road||Freehold||1866||60|
|Central||10||Van Holland (Former Toho Mansion)||Holland Road||Freehold||Koh Brothers Group||69|
|Central||10||One Holland Village||9A Holland Drive||99-years||Far East||296|
|Central||10||Leedon Green (Former Tulip Garden)||Farrer Road||Freehold||MCL Land & Yanlord Group||638|
|Central||10||Hyll on Holland||Holland Road||Freehold||FEC||319|
|Central||10||Redevelopment of 14A Nassim Road||Nassim Road||Freehold||Shun Tak Holdings||123|
|Central||10||19 Nassim @Tanglin||Nassim Road||Freehold||Keppel Land||101|
|Central||10||15 Holland Hill||15 Holland Hill||Freehold||Kheng Keong||59|
|Central||10||Royal Oak Residence||Anderson Road||Freehold||Far East Consortium International||110|
|Central||10||Former City Towers||325 Bukit Timah Road||Freehold||Japura Development, a unit of CK Asset Holdings (formerly Cheung Kong Property)||290|
|Central||11||Kopar||Kampung Java Road||99-years||CEL||436|
|Central||11||Peak Residence||333 Thomson Road||Freehold||Tuan Sing & Rich Capital||90|
|East||12||Verticus (Former Kemaman Point)||Jalan Kemaman, off Balestier Road||Freehold||Soilbuild Group||162|
|East||13||Myra||11 Meyappa Chettiar Road||Freehold||SDB Asia||85|
||Sims Drive||99-years||Hong Leong||560|
|East||15||77 East Coast||East Coast Road||Freehold||Macly||41|
|East||15||Former Katong Park Towers||Arthur Road, off Mountbatten Road||99-years||Bukit Sembawang Estates||390|
|East||18||Pasir Ris Central Condo||Pasir Ris Central||99-years||Allgreen||600|
|East||18||Parc Central Residences EC||Tampines Ave 10||99-years||Hoi Hup & Sunway||400|
|North East||19||OLA (EC)||Anchorvale Crescent||99-years||Evia Real Estate & Gamuda Bhd||548|
|North East||19||Former Pei Fu Industrial Builing||New Industrial Road, Off Upper Paya Lebar Road||Freehold||SLB Development & Oxley Holdings||96|
|West||21||Ki Residences (Former Brookvale Park)||Brookvale Drive, off Sunset Way||999-years||Hoi Hup Realty & Sunway Developments||790|
|West||21||Linq (Former Goh & Goh Building)||Upper Bukit Timah Road||Freehold||BBR Holdings||132|
|West||21||Forett (Former Goodluck Garden)||Toh Tuck Road||Freehold||Qingjian Group & Perennial Real Estate Holdings||669|
|West||21||Verdale||Jalan Jurong Kechil||99-years||CSC Land Group & China Overseas Holding||258|
|West||23||Private Residential||Phoenix Road||99-years||Qiang Jian||80|
|West||23||Phoenix Villa||Phoenix Avenue, Choa Chu Kang||99-years||OKP Holdings||79|
|North||27||Parc Canberra (EC)||Canberra Link||99-years||Hoi Hup and Sunway Developments||495|
|North||27||Executive Condo||Canberra Link||99-years||MCC Land||400|
Editor’s picked projects (max 3) in the respective regions.
1) Pasir Ris Central Condo – 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 $1400 psf.
3) Katong Park Tower – near upcoming TEL Katong Park (TE24). 99yrs, Expected selling $2300 psf.
1) Linq @Beauty World – doorsteps to MRT & future transportation hub. Freehold. Expected selling $1900 psf.
2) One North Gateway – 260m to One North MRT. 99yrs. Expected selling $1800 psf.
3) Clementi Ave 1 – 900m to Clementi MRT. University Town, near One North. 99yrs. Expected selling $1550 psf
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
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
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).
If 2020 is going too strong again with property price up >5% in 1st half 2020, 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 Singapore’s property market price to “double” (or averagely $2,900 psf) by 2030, 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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