Overall private housing prices saw a slight decline in the second quarter of 2023 for the first time since the first quarter of 2020. This is due to a decline in prices for non-landed properties and a significant moderation in the price increase for landed properties, from the previous quarter.
Although this could mean a sign of private property prices weakening, it could also attract those who are waiting on the sidelines who want to upgrade their homes to condominiums and executive condominiums (EC).
We explore 10 condominiums and EC that are set to launch from June to the second half of this year, their pricing and location.
Lentor Hills Residences
Image Credit: SRX
The indicative price range is from $945,000 and psf from $1,834. It will be situated within a private housing enclave of mostly landed homes and condominiums with nature reserves and parks nearby.
Popular schools in the area are Presbyterian High, CHIJ St. Nicholas Girls School and Anderson Primary School.
Located within District 26, it is within a five-minute walk to the Lentor MRT Station on the Thomson East Coast Line (TEL).
The Temporary Occupation Permit (TOP) date is by 2028. The project size is medium with 598 units.
The property will have five blocks and 23 floors. There are one bedrooms, one plus one bedrooms, two bedrooms, two plus one bedrooms, three and four bedrooms, as well as dual key apartments and ground level apartments.
Tenure: 99 years
Preview period: 24 June
Booking day: 8 July
Neighbourhood: Ang Mo Kio
Location: 31 Lentor Hills Road, 788881
Showflat location: Along Lentor Hills Road
Developer: Hong Leong Holdings, GuocoLand and TID
The Myst
The TOP for this property is by 2029. It has 408 units, with currently about 30% sold since its booking day last month.
The price range is from $998,000 and the psf ranges from $1,897 to $2,321.
The estate is a short walk from Cashew MRT station and is close to the Rail Corridor and Bukit Timah Nature Reserve. It is also a 10-minute walk to the Bukit Panjang Integrated Transport Hub.
Popular schools include Bukit Panjang Primary School and Greenridge Secondary School.
There are one plus one bedrooms, two bedrooms, two plus one bedrooms, three bedrooms, three plus one bedrooms, four and five bedrooms, as well as ground, premium and sky units. The estate will have two blocks and 24 floors.
Tenure: Leasehold
Preview period: 24 June to 4 July
Booking day: 8 July
Neighbourhood: Bukit Panjang
Location: 800 Upper Bukit Timah Road, 678139
Showflat location: Elizabeth Drive
Developer: CDL Aries
Pinetree Hill
This property has a slightly earlier TOP by 2027. There are 520 units in this District 21 location.
The price starts from $1.25 million and psf starts from $2,236. The location is within a private residential area surrounded by nature. Clementi Forest, Ulu Pandan Park connector and the rail corridor are close by. Dover MRT is the nearest MRT.
Close to coffee shops, cafes and other retail outlets near Holland Village, Dempsey and Sunset Way, the estate is also within one kilometres radius to Henry Park Primary and Pei Tong Primary.
Units include one plus one bedrooms, two bedrooms, two plus one bedrooms, three bedrooms, three plus one bedrooms, four and five bedrooms, and penthouse.
Tenure: 99 years
Preview period: 28 June to 11 July
Booking day: 15 July
Neighbourhood: Bukit Timah
Location: 32 Pine Grove, 598442
Showflat location: Actual project site
Developer: UOL Group and Singapore Land Group
Grand Dunman
There are 1,008 units for this property located within District 15 and TOP for it is in 2028.
The price range indicative is from $1.1 million to $5.2 million, with psf at $2,108 to $2,807.
It is a two-minute walk to Dakota MRT Station and most of the units will have unblocked views of the surrounding landed private estate.
Schools in the area include Kong Hwa, Tanjong Katong Primary and Chung Cheng High.
Other than the usual one bedrooms, two bedrooms and three-bedroom units, there are also ground floor units and penthouse units.
Tenure: 99 years
Preview period: 1 July
Booking day: 15 July
Neighbourhood: Marine Parade
Location: 2 Dunman Road, 439188
Showflat location: Eunos Ave 3
Developer: SingHaiyi Group & CSC Land Group (Singapore)
The Lakegarden Residences
The TOP for this property located in District 22 is by 2027 and there are 306 units.
It is within walking distance to Jurong Lake Gardens and most of the units will have unblocked views.
Schools within walking distance include Lakeside Primary School and Yuan Ching Secondary. This property is bound to support the infrastructure of the future Jurong Lake District, Singapore’s second Central Business District.
Tenure: 99 years
Preview period: 22 July
Booking day: 5 Aug
Neighbourhood: Jurong East
Location: 82 Yuan Ching Road, 619614
Showflat location: Opposite Chinese Garden MRT
Developer: Winville Investment Pte Ltd (Wing Tai)
Altura EC
The TOP for this property is by 2027, and the price indicative is from $1.35 million. The properties are at a sale psf rate from $1,376.
The 360 units development is the first executive condominium (EC) launch in Bukit Batok for around 20 years.
Schools in the area include ACS (Primary) Tengah, St Anthony’s Primary, Princess Elizabeth Primary, Dazhong Primary and Swiss Cottage Secondary.
There are three plus one bedrooms, four bedrooms, and ground, penthouse and premium units.
Tenure: 99 years
Preview period: 22 July to 31 July
Booking day: 5 Aug
Neighbourhood: Bukit Batok
Location: 119 Bukit Batok West Ave 8, 659775
Showflat location: Along Bukit Batok West Ave 9
Developer: CNQC-OS and SNC Realty
The Arden
The small development of 105 units is located in District 23. It is situated within a cluster of private properties and is within walking distance of Bukit Panjang MRT and Phoenix LRT.
It is also a short driving distance to KJE and BKE. The area is close to nature areas such as Bukit Timah Nature Reserve, Rail Corridor and Chestnut Nature Park.
Property units include two bedrooms, three bedrooms, three plus one bedrooms, four bedrooms, four plus one bedrooms, ground and penthouse.
Tenure: 99 years
Preview period: 29 July to 9 August
Booking day: 12 Aug
Neighbourhood: Bukit Batok
Location: 2 Phoenix Road, 668156
Showflat location: Along Phoenix Road
Developer: CNQC Realty (Phoenix) (Qingjian Realty)
Watten Estate Condo Enbloc (Watten House)
The estimated TOP for this property is by 2026. There will be 205 units at this District 11 location.
In 2021, the 220,241 sqft site was put up for en-bloc and sold to UOL and Singapore Land Group (SingLand) for $550.8 million. This translated to $1,723 psf per plot ratio.
The property will have three to five bedroom units across five residential blocks of five floors each.
The feature of this property is that it is freehold and is located in the prime Bukit Timah area. It is a seven-minute walk from Tan Kah Kee MRT on the Downtown Line. It is also close to the Botanic Gardens MRT on the Circle Line.
Schools within the area include Raffles Girls’ Primary, Nanyang Girls Primary, Singapore Chinese Girls’ School, St Joseph Institution, Hwa Chong Institution and National Junior College.
Tenure: Freehold
Preview period: 2H2023
Booking day: TBC
Neighbourhood: Bukit Timah
Location: 36 Shelford Road, 288429
Showflat location: TBC
Developer: United Venture Development (Watten)
TMW Maxwell
With a TOP slated for 2028, this District 2 property has 324 units.
The development is located in the heart of the CBD, and is two minutes walk away from Maxwell MRT.
About 62% of the units are studio apartments, 22% are one bedroom units, 5% are two bedroom units and 10% are two bedroom dual key units.
The location is a prime one and is set to attract locals and foreigners who are working in the CBD. There are plenty of food and shopping options in the area, and schools nearby include Cantonment Primary, CHIJ (Kellock), River Valley Primary and Outram Secondary.
Tenure: 99 years
Preview period: 2H2023
Booking day: 12 August
Neighbourhood: Outram
Location: 31 Tras Street, 079934
Showflat location: Along Peck Seah Street
Developer: Maxwell Commercial/Maxwell Residential
The Hill @ One-North
The TOP date is slated for 2026 for this small development of 142 units.
Located at District 5, the property is next to one-north park and within walking distance to Bouna Vista MRT and one-north MRT.
According to records, the property is zoned as a residential site with commercial space on the first floor.
The property was awarded to Gao Xiuhua with a tender price of $162.4 million or $1,210.10 psf per plot ratio.
Tenure: 99 years
Preview period: 4Q2023
Booking day: TBC
Neighbourhood: Queenstown
Location: TBC
Showflat location: TBC
Developer: Gao Xiuhua (Kingsford Development)
Read Also: Standard, Plus & Prime Flats: Guide To Understanding The New Framework For HDB Flats
The post 10 Upcoming Condominium And EC Launches For 2H2023 appeared first on DollarsAndSense.sg.
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