Latest New Launches
Liv @ MB [Leasehold @D15] ~ 79% Sold! Average $2300 psf
Atlassia @Joo Chiat [Freehold @D14] ~ 33% Sold! Average $2000 psf
Baywind @Telok Kurau[Freehold @D15] ~ 35% Sold! Average $2000 psf
Piccadilly Grand [Leasehold @D08] ~ 77% Sold on 1st Day! Average $2300 psf
What are the new launches coming up in 2022?
Stepping into 2022, we’re expecting around 41 new projects, including those didn’t manage to launch in time for 2021. The number of total units is much lesser compare to 2021, due to many are smaller size of developments.
Based on the land sales in 2021, we can do an estimation for possible selling price, 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.
Looking at the price chart, you might agree there are many of existing launches are selling at very attractive price now. You can checkout the New Launches / Condominiums in 2021 and hope you could still find something suitable.
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.
xxxx = land acquired late 2021, so might not able to make it by 2022, likely launch in 2023.
xxxx = Open for sales, or Launching very soon!
|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|
|5||Former Flynn Park||Yew Siang Road||Freehold||Hoi Hup & Sunway||270||$1355|
|5||(GLS Parcel A)||Slim Barracks Rise||99-yrs||EL||265||$1246|
|5||(GLS Parcel B)||Slim Barracks Rise||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||(2x residential)||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 & |
|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 / |
|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||Former Ji Liang Gardens||21 to 21E Lorong K Telk 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||5 Still Road||Freehold||Melville Pte Ltd||60|
|15||Former La Ville||Tg. Rhu Road||Freehold||ZACD||107||$1540|
(Former Bedok Point)
|16||Sceneca Residence||Tanah Merah Kechil Link||99-yrs||MCC Land||268||$930|
|18||Executive Condo||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||Executive Condo||Tengah Garden Walk||99-yrs||CDL & MCL||628||$603|
|21||(GLS Land)||Jalan Anak Bukit||99-yrs||FEO and Sino Group||845||$989|
|23||The Arden||Phoenix Road||99-yrs||Qingjian||105|
|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|
The new launches that may come on-stream in Q1 2022 include Belgravia Ace, Kovan Jewel, Royal Hallmark and The Arden. Two EC projects may be launch in 2022 – North Gaia in Yishun and another along Tengah Garden Walk. Some projects to look out for in 2022 include Jalan Anak Bukit, Lentor Central, Northumberland Road, Ang Mo Kio 1, Liv @MB, Tanah Merah Kechil, redevelopment of Fuji Xerox Towers, AXA Tower and Flynn Park.
Align with our prediction made on Dec 2020:
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.
Right before we end the 2021, Singapore government suddenly announced New Cooling Measures nearly to midnight on 15th-Dec, leave us no time to react before it came into effect on 16th Dec. >_<
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. ?
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.
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 cooling measures will affect the market through the upcoming years. Do keep in touch with us, we will keep you updated the market movement & insights for free. Be it you’re ready, or just Wait & See.