2022 Most Complete List of New Launches Condos in Singapore

Last Updated November 16, 2022

Reading Time 8 minutes

New Launches / Condominiums in 2022

Latest New Launches
Hill House [999-Yrs @D09] ~ 17% Sold at averagely $2900 psf
Kovan Jewel [Freehold @D19] ~ 12% Sold at averagely $2100 psf

Upcoming Launches in Nov/ Dec 2022
Tenet EC @Tampines North [Leasehold @D18] ~ $1300 psf
Claydences @Still Road [Freehold @D15] ~ $2100 psf
Sophia Regency [Freehold @D09] ~ $2500 psf
Gems Ville @Geylang [Freehold @D14] ~ $1850 psf
Mattar Residences [Leasehold @D14] ~ $1850 psf 

Upcoming New Launches Land price Singapore 2022:2023
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Upcoming New Launches Land price Singapore 2022:2023
Upcoming New Launches Land price Singapore 2022:2023

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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, it 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

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 One Bukit Vue  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  
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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Alternatively, you can also WhatsApp us for a free consultation if you would like to discuss in details about financing or recommendations of any new launches condominiums and apartments. 


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