Upcoming new condo launches in 2019

Parc Esta - sunken pool
Parc Esta - sunken pool

Property investors, speculators and buyers unite! There will be on average 1 new condominium being launched for sale per week in 2019.

You will definitely be spoilt for choice in your house hunting adventure.

Let’s go straight in to see what’s available.

For new projects where the condominium name is already known, it is displayed, otherwise the former name is shown.

Est. launchProject nameLocationDeveloperEst no of units
1H 2019Uptown @ FarrerPerumal RoadLow Keng Huat116
1H 2019Parkwood CollectionLorong 1 realty ParkFantasia Investment (Singapore)53
1H 2019RV AltitudeRiver Valley RoadRoxy Pacific Holdings108
1H 2019386 Dunearn CourtDunearn CourtRoxy Pacific Holdings35
1H 2019Normanton ParkNormanton ParkKingsford Development1,882
1H 2019Casa ContendereGilstead RoadTee Land/ TG Development70
1H 2019Cairnhill MansionsCairnhill RoadLow Keng Huat200
1H 2019Sengkang CentralSengkang CentralCapitaland/ CDL700
1H 2019Dairy Farm RoadDairy Farm RoadUED Residential589
1H 2019Jalan Jurong KechilJalan Jurong KechilCOHL Singapore and CSC Land284
1H 2019Casa MeyfortMeyer RoadGuocoland310
1H 2019Cairnhill HeightsCairnhill RiseTiong Seng and Ocean Sky50
1H 2019Tulip GardenFarrer RoadMCL Land/ Yanlord Group670
1H 2019Dunearn GardensDunearn RoadEL Development348
1H 2019Eunos MansionBedok Reservoir RoadFragrance Group230
1H 2019Katong Park TowersArthur RoadBukit Sembawang390
1H 2019Makeway ViewMakeway AvenueBukit Sembawang150
1H 2019Chong Kuo RoadChong Kuo RoadLian Soon Holdings/ OKP Land80
1H 2019Kismis ViewLorong KismisRoxy Pacific HOldings/ Tong Eng160
1H 2019City TowersBukit Timah RoadJapura Development290
1H 2019Pearl Bank ApartmentsPearl BankCapitaland810
1H 2019Riviera PointKim Yam RoadMacly Group60
1H 2019Holland RoadHolland RoadFar East Organization850
1H 2019Cuscaden RoadCuscaden RoadSC Global/ New World Devt/ Far East Consortium220
1H 2019RoyalvilleBukit Timah RoadAllgreen Properties320
1H 2019Juniper HillEwe Boon RoadAllgreen Properties130
1H 2019Parkway MansionsAmber RoadSustained Land140
1H 2019Fyve DerbyshireDerbyshire RoadRoxy Pacific Holdings70
1H 2019Chancery CourtDunearn RoadFar East Organization480
1H 2019Royal Oak ResidenceAnderson RoadFar East Consortium110
1H 2019Park HouseOrchard BoulevardShun Tak Holdings170
1H 2019NassimNassim RoadShun Tak Holdings123
1H 2019Jiak Kim StreetJiak Kim StreetFrasers Centrepoint455
1H 2019Nanak MansionMeyer RoadUOL/ Kheng Leong56
1H 2019Hillview RiseHillview RiseHong Leong570
1H 2019Amber ParkAmber GardensCDL/ Hong Leong529
1H 2019Treasure at TampinesTampines St 11Sim Lian Holdings2,225
1H 2019Handy RoadHandy RoadCDL200
1H 2019Changi GardenUpper Changi Road NorthChip Eng Seng320
1H 2019The GazaniaHow Sun DriveSinghaiyi Group250
1H 2019The LiliumHo Sun RoadSinghaiyi Group80
1H 2019Mattar RoadMattar RoadTiong Aik/ Hock Lian Seng253
1H 2019Silat AvenueSilat AvneueUOL/ UIC/ Kheng Leong1,074
1H 2019Kemaman PointBalestier RoadSoilbuild Group120
1H 2019Sumang WalkSumang WalkCDL/ TID820
1H 2019Florence RegencyFlorence RoadLogan Property1,450
2H 2019Phoenix HeightPhoenix RoadOKP Holdings/ USB Holdings79
2H 2019Pacific MansionRiver Valley CloseGuocoland/ Hong Leong720
2H 2019Hollandia and The EstorilHolland RoadFEC International320
2H 2019Anchorvale Crescent (EC)Anchorvale CrescentEvia Real Estate/ Gamuda550
2H 2019Canberra Link (EC)Canberra LinkHoi Hup/ Sunway Developments580
2H 2019Brookvale ParkBrookvale WalkHoi Hup/ Sunway Developments790
Total   19,139

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There is a wide range of new projects for potential buyers to choose from, but is it a good time to enter the market?

Let’s consider a few factors.

  • Trade war. Will it play out? No one knows, though sentiment right now is fairly negative and neither China nor the US seems to be backing down.
  • Brexit. Another tough call. The UK’s democratic process is playing out exactly as a democratic country should – quite a lot of argument, politicking, and delays in getting things done.
  • Stock market at peak. Will there be a reversal? If you believe in cycles, then potentially yes. But could it continue to go higher given the amount of liquidity in the market? Potentially yes also.

Let’s look at the Singapore property market itself.

Prices are on average at S$1,550 psf across new condos, resale condos, all around Singapore.

It has risen from approximately S$500 psf in 2004 and from S$750 in the midst of the global financial crisis in 2008.

Singapore property prices 99co

Evidently, property remains a stable performer and a good investment, delivering capital gain returns of about 7 to 10% per year.

There are some advantages to buying new condominiums.

During construction, the full monthly mortgage payment is not required to be paid by a buyer. Instead, the payments are in tranches depending on the construction progress of the condominium.

Minimal renovation needed. The condo is delivered to you with flooring done, walls painted, kitchen cabinets installed, bedroom wardrobes installed, air conditioners installed around the house, toilet sinks, showers etc. installed. A resale condo may need to be extensively renovated, involving costs of hacking and demolition and installation.

Fresh 99 year lease. You will definitely be getting a longer lease with a new condo compared to an older one.

Modern facilities. Developers are getting more competitive with the installation of facilities in a condo to differentiate themselves. These include those in the common areas such as swimming pools (creatively called hydrotherapy or relaxation pools) and in the unit itself (smart home systems, voice activation of lights etc.)

Based on URA’s data, there has been a recovery in property prices since mid 2017, together with a fall in vacancy rates.

Property prices making a trough in mid 2017

property price index ura 3Q2018

The following chart showing falling vacancy rates falling since mid 2016 suggests that some life is entering the rental market.

Falling vacancy rates ura 3Q2018

Property remains a well loved investment in the minds of Singaporeans, and what better way is there to get on the bandwagon of getting rich by investing in property.

2019 is set to be a year where you as a buyer can cherry pick from many new condos.

Never too late to get started on your property journey.

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