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. launch||Project name||Location||Developer||Est no of units|
|1H 2019||Uptown @ Farrer||Perumal Road||Low Keng Huat||116|
|1H 2019||Parkwood Collection||Lorong 1 realty Park||Fantasia Investment (Singapore)||53|
|1H 2019||RV Altitude||River Valley Road||Roxy Pacific Holdings||108|
|1H 2019||386 Dunearn Court||Dunearn Court||Roxy Pacific Holdings||35|
|1H 2019||Normanton Park||Normanton Park||Kingsford Development||1,882|
|1H 2019||Casa Contendere||Gilstead Road||Tee Land/ TG Development||70|
|1H 2019||Cairnhill Mansions||Cairnhill Road||Low Keng Huat||200|
|1H 2019||Sengkang Central||Sengkang Central||Capitaland/ CDL||700|
|1H 2019||Dairy Farm Road||Dairy Farm Road||UED Residential||589|
|1H 2019||Jalan Jurong Kechil||Jalan Jurong Kechil||COHL Singapore and CSC Land||284|
|1H 2019||Casa Meyfort||Meyer Road||Guocoland||310|
|1H 2019||Cairnhill Heights||Cairnhill Rise||Tiong Seng and Ocean Sky||50|
|1H 2019||Tulip Garden||Farrer Road||MCL Land/ Yanlord Group||670|
|1H 2019||Dunearn Gardens||Dunearn Road||EL Development||348|
|1H 2019||Eunos Mansion||Bedok Reservoir Road||Fragrance Group||230|
|1H 2019||Katong Park Towers||Arthur Road||Bukit Sembawang||390|
|1H 2019||Makeway View||Makeway Avenue||Bukit Sembawang||150|
|1H 2019||Chong Kuo Road||Chong Kuo Road||Lian Soon Holdings/ OKP Land||80|
|1H 2019||Kismis View||Lorong Kismis||Roxy Pacific HOldings/ Tong Eng||160|
|1H 2019||City Towers||Bukit Timah Road||Japura Development||290|
|1H 2019||Pearl Bank Apartments||Pearl Bank||Capitaland||810|
|1H 2019||Riviera Point||Kim Yam Road||Macly Group||60|
|1H 2019||Holland Road||Holland Road||Far East Organization||850|
|1H 2019||Cuscaden Road||Cuscaden Road||SC Global/ New World Devt/ Far East Consortium||220|
|1H 2019||Royalville||Bukit Timah Road||Allgreen Properties||320|
|1H 2019||Juniper Hill||Ewe Boon Road||Allgreen Properties||130|
|1H 2019||Parkway Mansions||Amber Road||Sustained Land||140|
|1H 2019||Fyve Derbyshire||Derbyshire Road||Roxy Pacific Holdings||70|
|1H 2019||Chancery Court||Dunearn Road||Far East Organization||480|
|1H 2019||Royal Oak Residence||Anderson Road||Far East Consortium||110|
|1H 2019||Park House||Orchard Boulevard||Shun Tak Holdings||170|
|1H 2019||Nassim||Nassim Road||Shun Tak Holdings||123|
|1H 2019||Jiak Kim Street||Jiak Kim Street||Frasers Centrepoint||455|
|1H 2019||Nanak Mansion||Meyer Road||UOL/ Kheng Leong||56|
|1H 2019||Hillview Rise||Hillview Rise||Hong Leong||570|
|1H 2019||Amber Park||Amber Gardens||CDL/ Hong Leong||529|
|1H 2019||Treasure at Tampines||Tampines St 11||Sim Lian Holdings||2,225|
|1H 2019||Handy Road||Handy Road||CDL||200|
|1H 2019||Changi Garden||Upper Changi Road North||Chip Eng Seng||320|
|1H 2019||The Gazania||How Sun Drive||Singhaiyi Group||250|
|1H 2019||The Lilium||Ho Sun Road||Singhaiyi Group||80|
|1H 2019||Mattar Road||Mattar Road||Tiong Aik/ Hock Lian Seng||253|
|1H 2019||Silat Avenue||Silat Avneue||UOL/ UIC/ Kheng Leong||1,074|
|1H 2019||Kemaman Point||Balestier Road||Soilbuild Group||120|
|1H 2019||Sumang Walk||Sumang Walk||CDL/ TID||820|
|1H 2019||Florence Regency||Florence Road||Logan Property||1,450|
|2H 2019||Phoenix Height||Phoenix Road||OKP Holdings/ USB Holdings||79|
|2H 2019||Pacific Mansion||River Valley Close||Guocoland/ Hong Leong||720|
|2H 2019||Hollandia and The Estoril||Holland Road||FEC International||320|
|2H 2019||Anchorvale Crescent (EC)||Anchorvale Crescent||Evia Real Estate/ Gamuda||550|
|2H 2019||Canberra Link (EC)||Canberra Link||Hoi Hup/ Sunway Developments||580|
|2H 2019||Brookvale Park||Brookvale Walk||Hoi Hup/ Sunway Developments||790|
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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.
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
The following chart showing falling vacancy rates falling since mid 2016 suggests that some life is entering the rental market.
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.