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New Condo Launches in 2021
New Condo Launches in 2021

2021 is likely to see about 20-30 new launches, as the pipeline supply gradually reduces from the bumper years of 2019 and 2020.   In 2021, NORMANTON PARK (with 1862 units) will be the blockbuster launch to look out for.   Other noteworthy new launches include THE REEF AT KING’S DOCK and MIDTOWN MODERN.  The list below will be progressively updated, as the new launches are confirmed.

LATEST NEWS

EdgeProp 8 Jan 2021:  “Residential market heats up in 2021”
New project launches in 2021 swung into high gear with the preview of Normanton Park on Jan 2 ….. Normanton Park has set a positive note that is expected to carry through to other projects ….. (click here to read)

 


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IN THE NEWS

BT 4 Dec 2020:  ‘Calibrated’ GLS, falling condo inventory could revive en bloc market: analysts
The “conservative” and “calibrated” release of residential supply under the first-half 2021 government land sales (GLS) programme is likely to revive interest in the en bloc market, analysts said on Thursday ….  (click here to read)

 

ST 15 Nov 2020.  The Linq @ Beauty World sells 96% of residential units in weekend launch

Mixed-use development The Linq @ Beauty World sold 115 out of 120 apartments over the weekend, in a Covid-19-era, tech-enabled launch.  The freehold project, at Beauty World MRT station, includes two floors of shops and a 20-storey residential block.  Units fetched between $2,150 and $2,200 per square foot on average, mainboard-listed construction group BBR Holdings said …..

 

ST 16 Sep 2020:  New Home Sales hit 11-month high
Hungry ghosts were no match for hungry home buyers as new home sales jumped to an 11-month high last month, with developers selling 1,256 non-landed private homes, up 16.3 per cent from the 1,080 private homes sold in July. Year on year, sales were up 11.8 per cent from 1,123 ….  (click here to read)


ST 20 AUG 2020:  New plans unveiled for Guoco Midtown

GuocoLand’s Guoco Midtown integrated mixed-use project in Beach Road has unveiled its latest addition, one that includes a second condo project.  The condo – Midtown Modern – will be part of a larger development known as Guoco Midtown II announced yesterday.  Guoco Midtown II sits on a Government Land Sales site in Tan Quee Lan Street that was secured last September when GuocoLand and two Hong Leong Holdings subsidiaries bid $800.2 million …..


BT 11 AUG 2020:  Perennial, Qingjian Realty sell 190 units at Forett At Bukit Timah condo

PROPERTY developers Qingjian Realty (South Pacific) Group and Perennial Real Estate Holdings have sold 30 per cent or 190 units of their 633-unit Forett At Bukit Timah condo project on Aug 8 during a virtual booking day event.  Homebuyers who made a booking during the launch got their units at an average transacted price of S$1,880 per square foot, with interest balanced across unit types …..

BT 3 June 2020.  To beat ABSD, the developer of 38 Jervois new condo launches fire sale to clear units

The developer of 38 Jervois has launched a fire sale slashing prices by up to S$547,320 so that it will not incur the Additional Buyer’s Stamp Duty (ABSD).The discounts range from 13 per cent to 24 per cent for the remaining 16 units in the 27-unit freehold boutique….

 

ST 29 May 20202nd residential site up for sale, tender extended due to Covid-19

A second residential site has been put up for sale by the Government, which is again giving developers more time to assess the property market amid the Covid-19 pandemic before submitting any bids.The land parcel in Tanah Merah Kechil Link is for a mixed residential development with the first storey slated for commercial space. It has an area of 8,880 square metres (sq m) and a maximum gross floor area (GFA) of 24,864 sq m. The 99-year leasehold site off New Upper Changi Road can potentially house about 265 apartments, compared with the estimated 310 units when the site was first announced last December. It can also yield 2,000 sq m of commercial space that can be developed into strata-titled retail units or offices …..

ST 7 Apr 202077 units of Kopar at Newton new condo sold at launch

CEL Development, a fully-owned subsidiary of mainboard-listed Chip Eng Seng Corporation, has sold 77 units at the launch of its 378-unit Kopar At Newton condo project over the weekend.  The 99-year leasehold project is located off Newton Circus. CEL executive director Michael Ng said the project average price is $2,350 per square foot (psf), as stated previously …..
Wing Tai Asia sold 70 per cent or over 360 units of its latest condo project, The M, over the weekend, even amid the ongoing Covid-19 outbreak.  Units were sold at an average price of $2,450 per sq ft. The M is the first major private residential development opened for public preview since the virus outbreak hit Singapore ……
The 496-unit executive condominium project Parc Canberra has sold at least 64 per cent or 316 of the apartments at the weekend launch. The average price was $1,085 per square foot (psf).  Developer Hoi Hup Sunway Canberra said in a statement on Sunday (Feb 16) that it launched all the units of Parc Canberra for sale at 9am on Saturday, after an online balloting exercise was conducted the previous day …..


NOTE:  Click here for  indicative prices as at April 2020

 

BEFORE YOU GO …..

You may also be interested in the following, or do leave your feedback in the submission box below:

* 78 condos in Singapore with enbloc potential, 80% vote and due en bloc process

* URA MASTER PLAN: 8 best locations to buy property in Singapore

* My Personal Blog: Feel the Pulse of Singapore’s Property Market

Mike Tan  |  CEA Regn. R059706Z  |  98280030

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