2022 Most Complete List of New Launches Condos in Singapore

Last Updated May 22, 2022

Reading Time 7 minutes

New Launches / Condominiums in 2022

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

Upcoming Launches in June/ July 2022
The Arden @Bukit Batok [Leasehold @D23] ~ $1600 psf
AMO at Ang Mo Kio Ave 1 [Leasehold @D20] ~ $2000 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. 

New Launch Prices in 2022-2023
2022-2023 New Launches General Price Guide

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!  

2022 New Launches in Singapore

DistrictProjectAddressTenureDeveloperUnitLand (psf ppr)
1Former AXA Tower8 Shenton Way99-yrsPerennial Holdings268 
1Marina ViewMarina View99-yrsIOI905$1379
1Former Maxwell HouseMaxwell Road99-yrsSinghaiyi250$1183
2Former Realty Centre15 Enggor StFreeholdThe Place Holdings114 
2Former Fuji XeroxAnson RoadFreeholdCDL256 
5Former Flynn ParkYew Siang RoadFreeholdHoi Hup & Sunway270$1355
5(GLS Parcel A)Slim Barracks Rise 99-yrsEL265$1246
5(GLS Parcel B)Slim Barracks Rise 99-yrsKingsford140$1210
8Lavender Residence288 Lavender StreetFreeholdFLJ Property Pte Ltd17 
8Piccadilly GrandNorthumberland Road99-yrsCDL & MCL407$1129
9(2x residential)10A &B Institution Hill999-yrsMacly & Roxy Pacific72$1370
9(3x residential)2,4,6 Mount Emily RoadFreeholdZACD18$1,115
9(2x residential)33 DevonshireFreeholdSekon International (S) Pte Ltd21 
9Former Fairhaven &
Sophia Ville
130 Sophia RdFreeholdUndisclosed90$1239
9Sophia Regency
(Former Casa Sophia)
105 Sophia RoadFreeholdEast Asia Sophia Development38 
9Former Peace Center /
Peace Mansion
1 Sophia Road99-yrsCEL/Singhaiyi240$1428
10(3x terraces)6A/B/C Robin DriveFreeholdRobin Development,13$1454
10Jervois Prive
(former Jervois Green)
100a Jervois RoadFreeholdJervois Midas Pte Ltd43$1601
11Enchante1C Evelyn RoadFreeholdVictory Land Pte Ltd25$1363
11Former Surrey Point2 Surrey RoadFreeholdAmara Holdings36$1434
11Ikigai38 Shrewsbury RoadFreeholdOpulent Development Pte Ltd16 
11Surrey 2121 Surrey RoadFreeholdUndisclosed10 
11Former Watten EstateShelford RoadFreeholdUOL200$1723
14Deluxe Residences3 Lorong MelayuFreeholdKai Lim Development Pte Ltd41 
14Gems Ville
(former Yuen Sing Mansion)
6A-10C Lorong 13 GeylangFreeholdEast Asia Geylang29$779
14M Suites65 Lor MelayuFreeholdFG Resource Pte. Ltd16 
14Mattar Residences8 Mattar Road99-yrsFKSH26 
14Mill at 32
(Former Leshan Gardens)
Lorong 32 GeylangFreeholdUndisclosed individual (doctor)38
14(2x private land)Thiam Siew AvenueFreeholdHoi Hup & Sunway800$1488
15Baywind Residence93B/C, 95 Lorong N Telok KurauFreeholdABR & LWH24$851
15Atlassia Joo Chiat RoadFreeholdUndisclosed31
15Amber Sea30 Amber GardensFreeholdFar East132$1066
15Former Ji Liang Gardens21 to 21E Lorong K Telk KurauFreeholdUndisclosed18$935
15Liv @MB
(Former Katong Park Towers)
Arthur Road/Mountbatten Road99-yrsBukit Sembawang298$1280
15Royal Hallmark1 Haig LaneFreeholdE2 Holdings32 
15Creston5 Still RoadFreeholdMelville Pte Ltd60 
15Former La VilleTg. Rhu RoadFreeholdZACD107$1540
16Sky Eden
(Former Bedok Point)
Bedok Point99-yrsFrasers160 
16Sceneca ResidenceTanah Merah Kechil Link99-yrsMCC Land268$930
18Executive CondoTampines Street 6299-yrsQingjian590$659
19Kovan Jewel
(Former Kovan Lodge)
51A Kovan RoadFreeholdSoon Lian Realty34$1134
20AMO at Ang Mo Kio Ang Mo Kio Ave 199-yrsUOL372$1118
20Lentor ModernLentor Central99-yrsGuocoland605$1204
20Executive CondoTengah Garden Walk99-yrsCDL & MCL628$603
21(GLS Land)Jalan Anak Bukit99-yrsFEO and Sino Group845$989
23The ArdenPhoenix Road99-yrsQingjian105 
27North Gaia (EC)Yishun Ave 999-yrsSing Holdings617$576
28Belgravia Ace (Landed)Belgravia AceFreeholdTong Eng107$732
28Pollen Collection (Landed)Nim Road99-yrsBukit Sembawang132 
2022 Most Complete List of Singapore New Launches

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

Cooling Measure Dec 2021
New Cooling Measures 16th 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. 

Cooling measures over the years
Cooling Measures Over the Years vs Property Price Index & Volume

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. 

Rising Construction Cost 2022
Rising Construction Cost 2022

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. 

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