Demand for new private homes has surged in recent years post-Covid 19, with many homebuyers snapping up projects despite relatively higher price premiums. However, prolonged elevated interest rates and the higher Additional Buyer’s Stamp Duty (ABSD) introduced in April 2023 have resulted in waning demand, as evidenced by the slower pace of growth in overall private housing prices.
Nevertheless, with the government increasing the Government Land Sales supply for private housing to its highest since 2H2013, we can expect to see more new private homes launched in the coming months.
If you are on the market for a new private home, you may want to take note of these 10 upcoming condominiums, including executive condominium (EC) projects that are likely to be launched in the second half of 2024.
#1 Amber Sea
Location
District 15 – Amber Gardens
Tenure
Freehold
Total units
132
Developer
Far East Organization
Amber Sea, located at Amber Gardens in District 15, is a freehold development by the Far East Organization. The small-size project offers one-to-four-bedroom options, totalling 132 units.
Nestled in a predominantly private residential neighbourhood, Amber Sea offers sophisticated seaside living.
The development is conveniently close to the upcoming Tanjong Katong MRT station and East Coast Park, both less than a 10-minute walk away. It is also within 1km of Marine Parade Central, the neighbourhood’s main commercial hub.
The development is also within 1km of MOE Kindergarten@Tanjong Katong and Tanjong Katong Primary School. The estimated completion date for Amber Sea is around 2Q2026.
Read Also: Why East Coast May Be The Biggest Factor In The East Vs West Argument
#2 Aurea
Location
District 7 – Beach Road
Tenure
99 years
Total units
186
Developer
Pre 17 Pte Ltd
Aurea, located at Beach Road in District 7, is a 99-year development by Pre 17 Pte Ltd, a consortium comprising Perennial Holdings, Sino Land, and Far East Organization. The small-size development offers a total of 186 units.
The luxurious Aurea project is a redevelopment of the historic Golden Mile Complex, which caters to the needs of the Thai community. The new mixed-use development will include retail, office, and residential spaces while preserving the complex’s unique architecture.
The development is a short walk from the Golden Mile Food Centre, which is a popular location for hawker food and the Nicoll Highway MRT station that is part of the Circle Line (CCL).
Additionally, there are three primary schools, namely Bendemeer Primary School, Farrer Park Primary School, and St. Margaret’s School, within 1-2 km of the development.
#3 Bagnall Haus
Location
District 16 – Upper East Coast Road
Tenure
Freehold
Total units
106
Developer
RL Bagnall Pte Ltd
Bagnall Haus, located at Upper East Coast Road in District 16, is a freehold development by RL Bagnall Pte Ltd, a consortium led by Roxy-Pacific Holdings. It small-size development offers around 106 units.
Situated in a largely private residential enclave, Bagnall Haus is the first freehold new launch in the area in over a decade. It is within steps from the Bedok Food Centre, a popular spot for hawker food in the East and the upcoming Sungei Bedok interchange MRT station, which will connect to the Downtown Line (DTL) and Thomson-East Coast Line (TEL).
There are two primary schools, namely Temasek Primary School and Bedok Green Primary School, within 1-2 km of the development.
#4 Emerald Of Katong
Location
District 15 – Jalan Tembusu
Tenure
99 years
Total units
847
Developer
Sim Lian JV (Katong) Pte Ltd
Emerald of Katong, located at Jalan Tembusu in District 15, is a 99-year leasehold development by Sim Lian JV (Katong) Pte Ltd. It is a medium-size project offering a total of 846 units.
The development sits in a quiet private residential neighbourhood, nestled between a cluster of heritage buildings and the Canadian International School. The development is less than 500m away from the Tanjong Katong MRT station that is part of the TEL.
The development is within 1km of MOE Kindergarten@Tanjong Katong and Tanjong Katong Primary School. The estimated completion date of Emerald of Katong is around 1Q2028.
#5 Marina View Residences
Location
District 1 – 22 Marina View
Tenure
99 years
Total units
683
Developer
IOI Properties Group
Marina View Residences, located at 22 Marina View in District 1, is a 99-year leasehold development by IOI Properties Group. It is a medium-size project offering a total of 683 units.
Situated in the business district, Marina View Residences is a mixed-use development comprising one to five bedrooms including three penthouse suites. Given its prime location, the development is surrounded by established office buildings like the International Plaza, UIC Building, and Asia Square.
Furthermore, the development is conveniently close to five MRT lines, namely EWL via Tanjong Pagar MRT Station, CCL via the upcoming Prince Edward Road and Marina Bay MRT stations, TEL via Shenton Way MRT station, Downtown Line (DTL) via Downtown MRT station, and North-South Line (NSL) via Marina Bay MRT station. The estimated completion date for Marina View Residences is around 4Q2027.
#6 Meyer Blue
Location
District 15 – Meyer Road
Tenure
Freehold
Total units
226
Developer
United Venture Development (Meyer) Pte Ltd
Meyer Blue, located along Meyer Road in District 15, is a freehold development by United Venture Development (Meyer), a joint venture between UOL and Singapore Land. It is a small development with 226 units.
Situated in a predominantly private residential neighbourhood, Meyer Blue offers premier seafront homes with unrivalled panoramic views of the East Coast Beach. Flanked by The Katong Park and Tanjong Katong TEL MRT stations, both within walking distance, the development provides excellent connectivity.
The development is also within 1 km of MOE Kindergarten@Tanjong Katong and Tanjong Katong Primary School. The estimated completion date of Meyer Blue is around 4Q2027.
Read Also: How Much Down Payment You Have To Pay To Buy An Executive Condominium
#7 Novo Place
Location
District 24 – Plantation Close
Tenure
99 years
Total units
508
Developer
Hoi Hup Sunway Jurong Pte Ltd
Novo Place, located at Plantation Close in District 24, is a 99-year leasehold development by Hoi Hup Sunway Jurong Pte Ltd. It is a medium-sized project with 508 units.
Novo Place is the second executive development to be launched in the new estate of Tengah, dubbed the “Forest Town.” The development is close to the Yuhua Village Market and Food Centre, which offers a range of commercial amenities, such as fresh market produce, goods, and local hawker food.
The development is also within 1 km of MOE Kindergarten@Princess Elizabeth, Princess Elizabeth Primary School and Jurong Primary School.
Read Also: Smart Forest Living In Tengah – Singapore’s First Car-Free HDB Town Centre
#8 The Chuan Park
Location
District 19 – Lorong Chuan
Tenure
99 years
Total units
916
Developer
Chuan Park Development Pte Ltd
The Chuan Park, located at Lorong Chuan in District 19, is a 99-year leasehold development by Chuan Park Development Pte Ltd. It is a medium-sized project, offering 916 units.
The development is located in a bustling neighbourhood that features a landed enclave, an HDB neighbourhood, schools, and a business centre. The Chuan Park is also just steps away from the Lorong Chuan MRT station that is part of the CCL and only one stop from Serangoon Central, which connects to the North East Line (NEL).
Additionally, the development is also within 1 km of five primary schools, namely, CHIJ Our Lady of Good Counsel, Kuo Chuan Presbyterian Primary School, St. Gabriel’s Primary School, Yangzheng Primary School, and Zhonghua Primary School.
Read Also: Is Serangoon The New Central Of Singapore?
#9 The Collective At One Sophia
Location
District 9 – 1 Sophia Road
Tenure
99 years
Total units
367
Developer
Sophia Residential Pte Ltd/Sophia Commercial Pte Ltd
The Collective At One Sophia, located at Sophia Road in District 9, is a 99-year leasehold development by Sophia Residential Pte Ltd. It is a medium-sized development, offering 367 units.
Located in the prime area of Selegie Road, the development is surrounded by private housing and commercial buildings. It offers various amenities, including shopping malls like GR.ID, Wilkie Edge, and Plaza Singapura.
The Collective At One Sophia also boasts unparalleled connectivity, with the Dhoby Ghaut MRT interchange station, which connects to the NSL, CCL, and NEL in less than a 10-minute walk, and the Rocher MRT station, which is part of the DTL within 500m. The development’s estimated completion date is 1Q2028.
#10 Union Square Residences
Location
District 1 – Magazine Road/Havelock Road/Keng Cheow Street
Tenure
99 years
Total units
366
Developer
CDL Libra Pte Ltd/CDL Conservo Pte Ltd/Centro Property Holding Pte Ltd
Union Square Residences, located along Havelock Road and Keng Cheow Street, is a 99-year leasehold development by CDL. It is a medium-sized development, offering 366 units.
Located on the former site of Central Square, the new mixed-use development is adjacent to Union Square and Union Square Central. While it’s surrounded by government buildings like the Ministry of Manpower Building and the old State Courts, it is also within convenient walking distance of the vibrant shopping and dining precinct of Clarke Quay and green spaces like Fort Canning and Pearl’s Hill City Park.
The Clarke Quay MRT station, which is part of the NEL, is also located around 400m from the development. The estimated completion date for Union Square Residences is 4Q2027.
Read Also: Guide To MCST Condominium Maintenance Fees
The post 10 Upcoming Condominium And Executive Condominium Launches For 2H2024 appeared first on DollarsAndSense.sg.
