Normanton Park [Leasehold @District 05] ~ $1,750 psf ~ 600 units sold in launch
Ki Residences @Bukit Timah [999 Yrs @District 21] ~ $1700 psf ~ 21.5% sold in launch
Phoenix Residence @Bukit Panjang [Leasehold @District 23] ~ $1,500 psf
Upcoming Launches in Jan/ Feb 2021
Parc Central (Executive Condo) [Leasehold @District 18] ~ $1,100 psf
The Reef @Harbourfront [Leasehold @District 04] ~ $3,200 psf
One North Eden [Leasehold @District 05] ~ $1,950 psf
New condominiums launching in 2021
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,
Linq @Beauty World &
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.
What’s coming up in 2021?
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 recent 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:
|Region||District||Project Name||Location||Type of Sale||Tenure||Developer||No. of||Launch Date*|
|Central||2||One Bernam||Bernam Street/Tanjong Pagar||Government Land Sale||99-years||Hao Yuan Investment and MCC Land||351||2Q2021|
|Central||2||New residential-commercial project (former Realty Centre)||Enggor Street||Collective Sale||Freehold||The Place Holdings||N.A.||2Q2021 / 3Q2021|
|Central||4||The Reef at King’s Dock||Harbourfront Avenue||Keppel Bay land parcel||99-years||Mapletree and Keppel Land||429||1Q2021|
|West||5||Normanton Park||Normanton Park||Collective Sale||99-years||Kingsford Development||1840||1Q2021|
|West||5||One-North Eden||One-north Gateway||Government Land Sale||99-years||TID Pte Ltd (joint venture between Hong Leong Group and Mitsui Fudosan)||165||1Q2021|
|West||5||Sunstone Hill||Balmeg Hill/Pasir Panjang Road||Collective Sale||Freehold||Sunstone Properties (Pasir Panjang) Pte Ltd||28||4Q2021|
|Central||6||Liang Court Redevelopment (Integrated Riverfront Development)||Clarke Quay||Phased Acquisition||99-years||CapitaLand and City Developments Ltd (CDL)||700||3Q2021|
|Central||7||Midtown Modern||16 & 18 Tan Quee Lan Street||Government Land Sale||99-years||GuocoLand, Hong Leong Holding and Hong Realty||558||1Q2021|
|Central||9||Cairnhill 16 (former Cairnhill Heights)||16 Cairnhill Rise||Collective Sale||Freehold||Tiong Seng Holdings and Ocean Sky International||39||1Q2021|
|Central||9||The Atelier (former Makeway View)||2 Makeway Avenue||Collective Sale||Freehold||Bukit Sembawang Estates Limited||120||1Q2021|
|Central||9||Klimt Cairnhill (former Cairnhill Mansion)||Cairnhill Road||Collective Sale||Freehold||Low Keng Huat||138||1Q2021 / 2Q2021|
|Central||9||Irwell Hill Residences||Irwell Bank Road||Government Land Sale||99-years||City Developments Ltd (CDL)||540||2Q2021|
|Central||9||The Cairnhill (retaining its former name)||Cairnhill Rise||Legacy Land Bank||Freehold||Far East Organization||N.A.||3Q2021 / 4Q2021|
|Central||10||Les Maisons Nassim (former bungalow site at 14 & 14A Nassim Road)||Nassim Road||Private treaty sale||Freehold||Shun Tak Holdings||14||1Q2021|
|Central||10||Perfect Ten (former City Towers)||Bukit Timah Road||Collective Sale||Freehold||CK Asset Holdings||230||1Q2021 / 2Q2021|
|Central||10||EDEN (former Hampton Court)||Draycott Park||Collective Sale||Freehold||Swire Properties||20||1Q2021 / 2Q2021|
|Central||10||Park Nova (former Park House)||Tomlinson Road||Collective Sale||Freehold||Shun Tak Holdings||54||2Q2021|
|Central||10||Grange 1866 (former iliv@Grange)||Grange Road||Redevelopment||Freehold||Grange 1866 Pte Ltd||60||4Q2021|
|Central||10||New residential project (redevelopment of Royal Oak Residence)||Anderson Road||Collective Sale||Freehold||FEC International||110||4Q2021 / 1Q2022|
|Central||11||Peak Residence (former Peak Court)||Thomson Road||Collective Sale||Freehold||Tuan Sing Holdings Limited||90||1Q2021|
|East||15||Rymden 77||Lorong H Telok Kurau||Collective Sale||Freehold||Quek Hock Seng Development||31||1Q2021|
|East||15||Amber Sea (former Amber Glades)||Amber Gardens||Collective Sale||Freehold||Far East Organization||132||2Q2021 / 3Q2021|
|East||15||La Mariposa (former Tian Court)||Mangis Road||Collective Sale||99-years||Lakeview Investments||17||3Q2021|
|East||15||LIV @ MB (former Katong Park Towers)||Arthur Road/Mountbatten Road||Collective Sale||99-years||Bukit Sembawang Estates Limited||298||4Q2021|
|East||18||Parc Central Residences (executive condo)||Tampines Avenue 10||Government Land Sale||99-years||Hoi Hup Realty and Sunway Development||700||1Q2021|
|East||18||The Ryse||Pasir Ris Central||Government Land Sale||99-years||Allgreen Properties and Kerry Properties||487||3Q2021 / 4Q2021|
|North East||19||New condo at Jalan Bunga Rampai||Jalan Bunga Rampai/Bartley||Government Land Sale||99-years||Wee Hur (Bartley) Pte Ltd||115||1Q2021|
|North East||19||New condominium (former Kovan Lodge)||Kovan Road||Collective Sale||Freehold||Soon Lian Realty||50||3Q2021 / 4Q2021|
|North||27||New condo at Canberra Drive (Land Parcel B)||Canberra Drive||Government Land Sale||99-years||UOL Group and UIC||448||1Q2021 / 2Q2021|
|North||27||Provence Residences (executive condo)||Canberra Link||Government Land Sale||99-years||MCC Land||413||2Q2021|
|North||27||New condo at Canberra Drive (Land Parcel A)||Canberra Drive||Government Land Sale||99-years||JBE Holdings||220||2Q2021|
|North||27||New executive condo||Yishun Avenue 9||Government Land Sale||99-years||Sing Holdings||600||4Q2021 / 1Q2022|
|North||28||New executive condo||Fernvale Lane||Government Land Sale||99-years||Frasers Property||500||2Q2021|
|North||28||Pollen Collection||Nim Road/Ang Mo Kio Avenue 5||Legacy Land Bank||99-years||Bukit Sembawang Estates Limited||132||3Q2021|
Editor’s picked projects (max 3) in the respective regions.
1) The Ryse @Pasir Ris Central – integrated with MRT/ bus/ mall. 99yrs, good land price. Expected selling $1450 psf
2) Katong Park Tower – near upcoming TEL Katong Park (TE24). 99yrs, Expected selling $2300 psf.
1) One North Eden – 260m to One North MRT. 99yrs. Expected selling $1900 psf.
1) Provence Residence (EC) – Rare executive condo which near to MRT (400m to Canberra MRT). 99yrs. Expected selling $1100 psf
1) Midtown Garden – 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 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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