What were the 2022 New Launches Condo in Singapore?

Checkout the 2022 New Launches Condo in Singapore

Based on the land sales in 2021, we can do an estimation for possible selling price when the land was bidded, by factoring the developer’s costs (i.e licensing, construction, profits margin…etc).  The following chart give a general guideline of the selling pricing across different regions for good size developments. I.e
Out of Central Region (OCR) at $1,9xx psf averagely,
Rest of Central Region (RCR) at $2,2xx psf averagely, 
Core Central Region (CCR), at $2,8xx psf averagely. 

We provide here a compilation of the upcoming condominiums and apartments, this post will be updated periodically as new information arises. Kindly bookmark it or register interest in the form at bottom, so we can update you the market in timely manner. You could also Whatsapp Us to have the monthly market update send to your whatsapp directly. 
Some which are not able to make it in 2022 had launched in the next year instead (2023). 

2022 New Launches in Singapore

District	Project	Address	Tenure	Developer	Unit	Land (psf ppr)
1	Former AXA Tower	8 Shenton Way	99-yrs	Perennial Holdings	268
1	Marina View	Marina View	99-yrs	IOI	905	$1379
1	Former Maxwell House	Maxwell Road	99-yrs	Singhaiyi	250	$1183
2	Former Realty Centre	15 Enggor St	Freehold	The Place Holdings	114
2	Former Fuji Xerox	Anson Road	Freehold	CDL	256
3	Cape Royal	11 – 25 Cove Way, Sentosa	99-yrs	Ho Bee Group & IOI	302
5	Terra Hill (Former Flynn Park)	Yew Siang Road	Freehold	Hoi Hup & Sunway	270	$1355
5	Blossoms by the Park	Slim Barracks Rise (Parcel A)	99-yrs	EL	265	$1246
5	(GLS Parcel B)	Slim Barracks Rise (Parcel B)	99-yrs	Kingsford	140	$1210
8	Lavender Residence	288 Lavender Street	Freehold	FLJ Property Pte Ltd	17
8	Piccadilly Grand	Northumberland Road	99-yrs	CDL & MCL	407	$1129
9	House Hill	10A &B Institution Hill	999-yrs	Macly & Roxy Pacific	72	$1370
9	(3x residential)	2,4,6 Mount Emily Road	Freehold	ZACD	18	$1,115
9	(2x residential)	33 Devonshire	Freehold	Sekon International (S) Pte Ltd	21
9	Former Fairhaven & Sophia Ville	130 Sophia Rd	Freehold	Undisclosed	90	$1239
9	Sophia Regency (Former Casa Sophia)	105 Sophia Road	Freehold	East Asia Sophia Development	38
9	Former Peace Center / Peace Mansion	1 Sophia Road	99-yrs	CEL/Singhaiyi	240	$1428
10	(3x terraces)	6A/B/C Robin Drive	Freehold	Robin Development,	13	$1454
10	Jervois Prive (former Jervois Green)	100a Jervois Road	Freehold	Jervois Midas Pte Ltd	43	$1601
11	Enchante	1C Evelyn Road	Freehold	Victory Land Pte Ltd	25	$1363
11	Former Surrey Point	2 Surrey Road	Freehold	Amara Holdings	36	$1434
11	Ikigai	38 Shrewsbury Road	Freehold	Opulent Development Pte Ltd	16
11	Surrey 21	21 Surrey Road	Freehold	Undisclosed	10
11	Former Watten Estate	Shelford Road	Freehold	UOL	200	$1723
14	Deluxe Residences	3 Lorong Melayu	Freehold	Kai Lim Development Pte Ltd	41
14	Gems Ville (former Yuen Sing Mansion)	6A-10C Lorong 13 Geylang	Freehold	East Asia Geylang	29	$779
14	M Suites	65 Lor Melayu	Freehold	FG Resource Pte. Ltd	16
14	Mattar Residences	8 Mattar Road	99-yrs	FKSH	26
14	Mill at 32 (Former Leshan Gardens)	Lorong 32 Geylang	Freehold	Undisclosed individual (doctor)	38
14	(2x private land)	Thiam Siew Avenue	Freehold	Hoi Hup & Sunway	800	$1488
15	Baywind Residence	93B/C, 95 Lorong N Telok Kurau	Freehold	ABR & LWH	24	$851
15	Atlassia	Joo Chiat Road	Freehold	Undisclosed	31
15	Amber Sea	30 Amber Gardens	Freehold	Far East	132	$1066
15	K Suites	21 to 21E Lorong K Telok Kurau	Freehold	Undisclosed	18	$935
15	Liv @MB (Former Katong Park Towers)	Arthur Road/Mountbatten Road	99-yrs	Bukit Sembawang	298	$1280
15	Royal Hallmark	1 Haig Lane	Freehold	E2 Holdings	32
15	Creston Residence	5 Still Road	Freehold	Melville Pte Ltd	60
15	Former La Ville	Tg. Rhu Road	Freehold	ZACD	107	$1540
16	Sky Eden (Former Bedok Point)	Bedok Point	99-yrs	Frasers	160
16	Sceneca Residence	Tanah Merah Kechil Link	99-yrs	MCC Land	268	$930
18	Tenet EC	Tampines Street 62	99-yrs	Qingjian	590	$659
19	Kovan Jewel (Former Kovan Lodge)	51A Kovan Road	Freehold	Soon Lian Realty	34	$1134
20	AMO at Ang Mo Kio	Ang Mo Kio Ave 1	99-yrs	UOL	372	$1118
20	Lentor Modern	Lentor Central	99-yrs	Guocoland	605	$1204
20	Copen Grand (EC)	Tengah Garden Walk	99-yrs	CDL & MCL	628	$603
21	8@BT	Jalan Anak Bukit	99-yrs	FEO and Sino Group	845	$989
23	The Arden	Phoenix Road	99-yrs	Qingjian	105
23	Botany	Dairy Farm Walk	99-yrs	Sim Lian	385	$980
27	North Gaia (EC)	Yishun Ave 9	99-yrs	Sing Holdings	617	$576
28	Belgravia Ace (Landed)	Belgravia Ace	Freehold	Tong Eng	107	$732
28	Pollen Collection (Landed)	Nim Road	99-yrs	Bukit Sembawang	132

Recapped for the 2021. 

New Cooling Measure 16-Dec 2021

Summarised the Key Pointers here:
a. Tightening of  Total Debt Servicing Ratio (TDSR) threshold from 60% to 55% – this means the loan eligibility will be now 8.33% lesser compare to before. 
b. Increase ABSD rates 5-10%, except for Singaporean/ PR buying 1st residential property; – developer enbloc cost (entity) will also up 10%. 
c. Tighten the LTV limit for loans from HDB from 90% to 85%. – good news is loan from bank is still remains at 75% max. 

Anyway, we had been go through many rounds of cooling measures since 2010. The following is a quick glance on the cooling measures introduced over the years, vs property price index. 

Impact to the market?
Based on experience in last round of “similar” cooling measure in 2018 July, the market is expected to tbe cooled down for at least a 6 months, or so. ? Interestingly, people who took the action right after cooling measures are the one who enjoying the most gain years later. The first 6 months after the new cooling measures introduced are typically the bottom of the market. 

As some of the buyers in the market are 2nd/ 3rd time buyers, they will now need to readjust their budget/ expectation due to increased ABSD / lower loan eligibility.
Some who are sitting on the fence will continue to have new excuses to wait & see.
Some 1st property buyer with marginal income/ budget might get phased out from private condo due to lower loan eligibility.

Shall you’re curious how much your loan get impacted because of new age + adjusted TDSR calculation, do let us know, we can help do the calculation for you. ?

Summary

The cooling measures won’t cause the cost of property become cheaper, and developer also limited buffer to adjust. The rising land cost and construction cost are still the key reason driving the property price going north. 

This cooling measures will slow down the sales, because some buyers will need more time to adjust budget / expectation, but it will not going to cause the price to drop significantly. 

This round is a repeated version of cooling measure introduced in 2018 July, which the property index didn’t drop also, but was get flatten over 2 quarters before it trend upwards again.

In personal view, Singapore property market in 2022 will most likely still quiet in the 1st half, but slowly move upwards in 2022 with the positive news on subsides of covid and international travelling ease.

Do you plan to buy property in Singapore? Fill in the form below to get in touch with an experienced agent