New Condo Launch Projects in Singapore | SRX
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Upcoming Launches
Project Name
Location (District)
Launch Date
TOP
Total Units
Myra
Meyappa Chettiar Road (D13) Sep 20 2023 85
Penrose
Sims Drive (D14) TBA 2024 566
Parc Central Residences
Tampines Ave 10 (D18) Sep 20 2024 700
Verdale
De Souza Avenue (D21) Sep 20 2024 258
Clavon
Clementi Avenue 1 (D5) Oct 20 H1 24 640
The Landmark
Chin Swee Road (D3) Oct 20 2025 396
The Linq @ Beauty World
Upper Bukit Timah Road (D21) Oct 20 TBA 120
Recent Launches
Project Name
Location (District)
Launch Date
TOP
Total Units
Unit Sold
15 Holland Hill
Holland Hill (D10) Apr-20 2022 59 4
19 Nassim
Nassim Hill (D10) Mar-20 2023 101 2
77 @ East Coast
Upper East Coast Road (D15) Mar-20 2022 41 5
Avenue South Residence
Silat Avenue (D3) Sep-19 2023 1074 560
BURGHLEY DRIVE
Burghley Drive (D19) Apr-20 TBA 5 1
Cuscaden Reserve
Cuscaden Road (D10) Sep-19 2022 192 7
Dairy Farm Residences
Dairy Farm Lane (D23) Nov-19 2024 460 32
Dalvey Haus
Dalvey Road (D10) Feb-20 2022 27 2
Forett@Bukit Timah
Toh Tuck Road (D21) Aug-20 2023 633 213
Kopar At Newton
Makeway Avenue (D9) Mar-20 2023 378 160
La Mariposa
Mangis Road (D15) Oct-19 2023 17
Leedon Green
Leedon Heights (D10) Jan-20 2022 638 65
Meyer Mansion
Meyer Road (D15) Sep-19 2024 200 44
Midtown Bay
Beach Road (D7) Oct-19 2022 219 56
Midwood
Hillview Rise (D23) Oct-19 2024 564 24
Mooi Residences
Holland Road (D10) Aug-20 2023 24 3
Neu At Novena
Moulmein Rise (D11) Oct-19 2023 87 72
Noma
Guillemard Road (D14) Aug-20 2023 50 34
Ola
Anchorvale Crescent (D19) Mar-20 2026 548 189
One Holland Village Residences
Holland Village Way (D10) Nov-19 2025 296 126
Parc Canberra
Canberra Walk (D27) Feb-20 2022 496 401
Parkwood Residences
Yio Chu Kang Road (D19) Jun-20 2023 18 1
Pullman Residences Newton
Dunearn Road (D11) Nov-19 2023 340 35
Royalgreen
Anamalai Avenue (D10) Oct-19 2022 285 64
Sengkang Grand Residences
Compassvale Bow (D19) Nov-19 2023 680 266
Tedge
Changi Road (D14) Mar-20 2022 42 8
The Antares
Mattar Road (D14) Sep-19 2022 265 51
The Avenir
River Valley Close (D9) Jan-20 2025 376 37
The Iveria
Kim Yam Road (D9) Nov-19 2023 51 13
The M
Middle Road (D7) Feb-20 2024 522 390
Uptown @ Farrer
Perumal Road (D8) Sep-19 2022 116 34
Urban Treasures
Jalan Eunos (D14) Nov-19 2023 237 24
Van Holland
Holland Road (D10) Jan-20 2023 69 18
Verticus
Jalan Kemaman (D12) Feb-20 2024 162 16
Upcoming Launches
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Compare
Project Name
Location (District) Launch Date TOP Total Units
Myra
Meyappa Chettiar Road (D13) Sep 20 2023 85
Penrose
Sims Drive (D14) TBA 2024 566
Parc Central Residences
Tampines Ave 10 (D18) Sep 20 2024 700
Verdale
De Souza Avenue (D21) Sep 20 2024 258
Clavon
Clementi Avenue 1 (D5) Oct 20 H1 24 640
The Landmark
Chin Swee Road (D3) Oct 20 2025 396
The Linq @ Beauty World
Upper Bukit Timah Road (D21) Oct 20 TBA 120
Recent Launches
Project Name
Location (District) Launch Date TOP Total Units Units Sold
15 Holland Hill
Holland Hill (D10) Apr-20 2022 59 4
19 Nassim
Nassim Hill (D10) Mar-20 2023 101 2
77 @ East Coast
Upper East Coast Road (D15) Mar-20 2022 41 5
Avenue South Residence
Silat Avenue (D3) Sep-19 2023 1074 560
BURGHLEY DRIVE
Burghley Drive (D19) Apr-20 TBA 5 1
Cuscaden Reserve
Cuscaden Road (D10) Sep-19 2022 192 7
Dairy Farm Residences
Dairy Farm Lane (D23) Nov-19 2024 460 32
Dalvey Haus
Dalvey Road (D10) Feb-20 2022 27 2
Forett@Bukit Timah
Toh Tuck Road (D21) Aug-20 2023 633 213
Kopar At Newton
Makeway Avenue (D9) Mar-20 2023 378 160
La Mariposa
Mangis Road (D15) Oct-19 2023 17
Leedon Green
Leedon Heights (D10) Jan-20 2022 638 65
Meyer Mansion
Meyer Road (D15) Sep-19 2024 200 44
Midtown Bay
Beach Road (D7) Oct-19 2022 219 56
Midwood
Hillview Rise (D23) Oct-19 2024 564 24
Mooi Residences
Holland Road (D10) Aug-20 2023 24 3
Neu At Novena
Moulmein Rise (D11) Oct-19 2023 87 72
Noma
Guillemard Road (D14) Aug-20 2023 50 34
Ola
Anchorvale Crescent (D19) Mar-20 2026 548 189
One Holland Village Residences
Holland Village Way (D10) Nov-19 2025 296 126
Parc Canberra
Canberra Walk (D27) Feb-20 2022 496 401
Parkwood Residences
Yio Chu Kang Road (D19) Jun-20 2023 18 1
Pullman Residences Newton
Dunearn Road (D11) Nov-19 2023 340 35
Royalgreen
Anamalai Avenue (D10) Oct-19 2022 285 64
Sengkang Grand Residences
Compassvale Bow (D19) Nov-19 2023 680 266
Tedge
Changi Road (D14) Mar-20 2022 42 8
The Antares
Mattar Road (D14) Sep-19 2022 265 51
The Avenir
River Valley Close (D9) Jan-20 2025 376 37
The Iveria
Kim Yam Road (D9) Nov-19 2023 51 13
The M
Middle Road (D7) Feb-20 2024 522 390
Uptown @ Farrer
Perumal Road (D8) Sep-19 2022 116 34
Urban Treasures
Jalan Eunos (D14) Nov-19 2023 237 24
Van Holland
Holland Road (D10) Jan-20 2023 69 18
Verticus
Jalan Kemaman (D12) Feb-20 2024 162 16
New Project Insights
Sold %
Avg PSF
Avg Price
Project Name
15 Holland Hill
19 Nassim
Kopar At Newton
Ola
Tedge
View all projects
10
20
30
40
50
60
70
80
90
100
7%
2%
42%
34%
19%
Based upon latest month URA data
View all projects
Project News
New home sales in Singapore for August surprise with 16% rise m-o-m
15 Sep 2020
Including ECs, developers moved 1,307 units in August, up 14 per cent from 1,142 units in July...
New home sales in Singapore for August surprise with 16% rise m-o-m
15 Sep 2020
condo CMG 1
Including ECs, developers moved 1,307 units in August, up 14 per cent from 1,142 units in July and 12 per cent higher than the 1,168 units sold in August last year. PHOTO: CMG

DESPITE economic headwinds and the Hungry Ghost Festival, developers in Singapore sold 1,256 private homes in August, 16 per cent higher than July's take-up.

There were also more units launched by developers in August as 1,582 units were released, of which 109 were in the Core Central Region (CCR), 821 in Rest of the Central Region (RCR), and 652 were Outside the Central Region (OCR).

In comparison, 82 per cent fewer units were launched for sale in July as Singapore progressively emerged from the "circuit breaker". There were also about 56 per cent more units released in August compared to the corresponding month a year ago when 1,015 units were released.

The figures - which were released by the Urban Redevelopment Authority (URA) on Tuesday based on its survey of licensed housing developers - exclude executive condominium (EC) units, which are a public-private housing hybrid.

Including ECs, developers moved 1,307 units in August, up 14 per cent from 1,142 units in July and 12 per cent higher than the 1,168 units sold in August last year.

Christine Sun, head of research at OrangeTee & Tie, said: "The property market bucked the trend with higher new home sales inked in August, (as) market activity typically tends to slow during the seventh lunar month. New home sales rose 'higher and quicker' than expected after the "circuit-breaker" period, which upended sales in April and May (when there were) showflat closures." The sales for new homes last month hit an 11-month high as well as a fourth consecutive monthly increase amid the Covid-19 pandemic and global economic slowdown, she went on to point out.

"Sales in the RCR were propped up by the launch of Forett@Bukit Timah and Noma," noted Lee Sze Teck, director (research) at Huttons Asia.

August's take-up in the RCR (excluding ECs) stood at 622 units, versus 128 units in CCR and 506 units in OCR.

Commenting on the figures for the month of August, Mr Lee added: "Possible reasons for the strong set of numbers could be down to genuine buying demand generated by the low interest rate environment, lack of alternative stable investment asset, and the fear of missing out."
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August new home sales surge to 11-month high on pent-up demand
10 Sep 2020
Pent-up demand continues to drive new home sales with 1,227 units sold in Singapore...
August new home sales surge to 11-month high on pent-up demand
10 Sep 2020
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Pent-up demand continues to drive new home sales with 1,227 units sold in Singapore in August, an 11-month high with confident buyers pushing prices upwards amid worsening economic conditions and rising unemployment. ST PHOTO: CHONG JUN LIANG

PENT-up demand continues to drive new home sales with 1,227 units sold in Singapore in August, an 11-month high with confident buyers pushing prices upwards amid worsening economic conditions and rising unemployment.

The high number of transactions surprised some because it was also the Hungry Ghost month, but it got an extra lift from Forett At Bukit Timah, a freehold development that was launched on Aug 8 - the first private residential project launch since the "circuit breaker" ended on June 1. A total of 212 units have been sold as of Aug 31.

According to URA Realis data, August's new home sales of 1,227 (excluding executive condominiums, or ECs) is the highest since September's 2019's 1,270, said Christine Sun, OrangeTee & Tie, head of research and consultancy.

It is also up 13.6 per cent year-on-year and 9.3 per cent over July's 1,080. Including ECs, 1,276 units were sold in August.

"Backed by pent-up demand, we had anticipated that August's new home sales could match the 1,080 units sold in July, or perhaps just moderate slightly given that market activity is typically slower during the Hungry Ghost month (which started on Aug 19)," said Wong Siew Ying, PropNex head of research and content. "Hence, the 1,227 caveats posted in August has surprised on the upside."

The property market is behaving like the equity market - it seems divorced from the wider economy - as buyers snap up all viewing appointments at sale galleries while thousands of people have lose their jobs.

Singapore's gross domestic product is expected to shrink 6 per cent this year, according to private sector economists polled by the Monetary Authority of Singapore.

Ministry of Manpower figures showed overall retrenchments - including citizens and non-citizens - of 6,700 in the second quarter and 3,220 in the first quarter.

This was higher than the peak of 5,510 during the 2003 Sars outbreak, but below the 2009 global financial crisis high of 12,760. More job losses are expected to come.

Labour chief Ng Chee Meng last month said he expects job losses to rise in the next six to 12 months as the economic impact of pandemic becomes more widely felt.

"Last month's new home sales defied gravity amid the pandemic, rising unemployment rate, Hungry Ghost month and cooling measures," said Ms Sun.

New home sales seem to be driven by domestic demand where Singaporeans formed the bulk of purchasers (84.7 per cent) for the 1,223 new non-landed private homes sold last month, she noted.

For many Singaporeans, residential properties may still be a "safer bet" especially for investors who are looking for stable returns during times of economic uncertainty.

"Properties in Singapore generally have a good track record of yielding attractive capital appreciation over the past 30 years, especially for new projects that are well-located, possess good product attributes and built by renown developers," said Ms Sun. "The low-interest rates have also provided some support for the property market as the borrowing cost or mortgages are now more affordable for new borrowers."

Evan Chung, the head of Knight Frank's property network, said the profile of buyers fit that of mostly "needs-based" purchasers. These include buyers who sold their properties and are now in need of a new home and those getting married in the coming months, or whose weddings have been pushed back due to the pandemic.

"The second factor driving the sentiment on the ground stems from the fear of missing out," added Mr Chung.

Purchasers deem that the risk of price increases is greater than the risk of price declines for Singapore properties, and that they could possibly miss out on an eventual upswing in asset values that have historically followed after every recession, he noted, pointing out: "As such, sales activity quickly picks up upon word of discounts and promotions by developers."

Propping up the market again are HDB upgraders who buy in the more affordable city fringe and mass-market segments.

Drilling further into the data, buyers in August went for the more costly homes in the Rest of Central Region (RCR) pushing the share to 49.2 per cent or 604 units.

The OCR (Outside Central Region) accounted for 40.5 per cent or 497 new homes sales (excluding ECs). The expensive Core Central Region made up the remaining 10.3 per cent or 126 homes sold.

RCR's volume of 49.2 per cent is the highest since September 2019 when RCR formed 58.7 per cent of the total new home sales (excluding ECs).

Buyers are also willing to pay more, as seen by the higher median prices on a per sq foot (psf) basis in August over that of July.

The estimated median unit prices on a psf in August have all increased across the top nine projects when compared with July's median unit price, with the highest gain of 4.6 per cent at the Daintree Residence.

"Most best-seller projects have seen a gradual upward trend in pricing this year," said Lam Chern Woon, Edmund Tie senior director, research and consulting.

Added PropNex's Ms Wong: "Apart from Forett At Bukit Timah, which was launched in August, most of the top 10 best-selling projects in August had higher median transacted psf price compared to their respective median launch price."

Whistler Grand sold 51 units in August at a median price of S$1,558 psf, up 14.6 per cent from its launch price of S$1,360 psf. It was launched in November 2018.

But two of the top 10 - The Garden Residences and The Woodleigh Residences - saw declines of 5.3 per cent and 5.6 per cent respectively in their median psf. Against July's psf price, The Garden Residences and The Woodleigh Residences managed a small uptick - up 0.3 per cent and one per cent respectively.
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Penrose condo's early-bird prices start from S$788,000 this weekend
10 Sep 2020
Joint project by Hong Leong Holdings and City Developments will begin previews by appointment...   
Penrose condo's early-bird prices start from S$788,000 this weekend
10 Sep 2020
BT 20200910 RCCONDO10 4234974
The 99-year leasehold development, located at Sims Drive in District 14, comprises five 18-storey towers housing 566 units. PHOTO: HONG LEONG GROUP

A 99-YEAR leasehold condominium jointly developed by Hong Leong Holdings and City Developments Limited will begin previews by appointment from Sept 12, Hong Leong Group said in a statement on Wednesday.

This is Hong Leong Group's first project to be launched this year.

Early-bird prices for Penrose condominium, which is located at Sims Drive in District 14, start from S$788,000 for units with one bedroom, S$943,000 for those with two bedrooms, S$1.33 million for three bedrooms and S$2.11 million for four bedrooms.

The development comprises five 18-storey towers housing 566 units. Sizes of one-bedroom units start from 474 square feet (sq ft), 646 sq ft for two-bedroom units, 936 sq ft for three-bedroom units, and 1,389 sq ft for four-bedroom units.

In terms of per square foot (psf), one-bedroom units start from S$1,662 psf, two bedroom units from S$1,460 psf, three-bedders from S$1,421 psf and four bedroom units from S$1,519 psf.

The temporary occupation permit is expected to be obtained in July 2024, Hong Leong Group said.

Facilities at Penrose condominium include a childcare centre, 50-metre swimming pool, wellness gardens, a rooftop sky garden with unblocked views, as well as a pavilion for social gatherings and a treehouse pavilion.

The development is about a 15-minute drive from the central business district and Orchard Road, and a six-minute walk to Aljunied MRT station. The neighbourhood is also linked to other parts of Singapore by the Pan Island Expressway and the Kallang-Paya Lebar Expressway.

Geylang Methodist School and Canossa Catholic Primary School are a five-minute and 15-minute walk away respectively.

Nearby hawker centres include Sims Vista Market & Food Centre, Haig Road Market & Cooked Food Centre and Old Airport Road Food Centre.

There are cafes and restaurants in the neighbouring Katong and Joo Chiat districts, as well as shopping malls nearby, including Paya Lebar Quarter and Kallang Wave Mall.

Penrose condominium is also "well-positioned" to tap new growth areas, Hong Leong Group said. These include Kampong Bugis and the Kallang River precinct. The latter will see a rejuvenation of the waterfront with new walkways and cycling routes.

Hong Leong Holdings' head of sales and marketing Betsy Chng said the project is "well-priced and within the reach of most Singaporeans looking to invest or simply to buy a beautiful and functional home to stay".

The Penrose condominium sales gallery is located along Geylang Road, with vehicle access via Kallang Airport Drive.

ERA Realty's head of research and consultancy Nicholas Mak pointed out that there are no new, major launches in the same vicinity as Penrose for sale. ERA is one of the marketing agents for the project.

Other projects being marketed in district 14 is the 99-year leasehold, 265-unit The Antares at Mattar Road and freehold development Tedge at Changi Road.

The average price for transactions over June-August for The Antares was S$1,769 psf, while Tedge sold eight of its 42 units at an average price of S$1,603 psf, Mr Mak noted.

Another recent freehold launch in district 14 is the 50-unit development NoMa along Guillemard Road, which was launched late August. Under the early bird promotion, the one-bedroom units, which range in size from 388-463 sq ft, were understood to have started from S$600,000, while the two-bedroom units, which are sized from 603-850 sq ft, started from S$900,000. The four-bedroom units (1,163 sq ft- 1,335 sq ft) were priced under S$2 million.
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New plans unveiled for Guoco Midtown
20 Aug 2020
Guoco Midtown II with second condo to be added to integrated mixed-use development...
New plans unveiled for Guoco Midtown
20 Aug 2020
ST 20200820 GUOCO20 5899417
Artist's impressions (above) of GuocoLand's Guoco Midtown integrated mixed-use project. The Midtown Modern condo will comprise two towers with over 500 apartments, and Midtown Square, a retail project above Bugis MRT station in Tan Quee Lan Street. Together with Midtown Bay that was launched last October, the two condos will offer more than 700 luxury units.PHOTO: GUOCOLAND

 

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.
 
The Midtown Modern condo comprises two 30-storey towers with more than 500 apartments, and Midtown Square, a retail project above Bugis interchange MRT station in Tan Quee Lan Street.
 
Together with the 33-storey, 219-unit Midtown Bay that was launched last October, the two condo projects will offer more than 700 luxury units.
 
About 30 per cent of the 219 one-to three-bedroom duplexes at Midtown Bay have sold at prices ranging from $1.3 million to $3.8 million, the developer said. Details on the Midtown Modern launch will be announced at a later date.
 
Guoco Midtown - the largest project under development in the Central Business District - also includes a 30-storey office tower with 770,000 sq ft of premium Grade A space, three retail clusters and a Network Hub. This will be an 80,000 sq ft members-only business and social club that consists of private office suites, networking lounges and meeting and conference facilities.
 
GuocoLand Singapore managing director Cheng Hsing Yao said: "Guoco Midtown was conceived with a vision of how people will work, live and play in the future. Part of that future has arrived much sooner."
 
He noted that the development serves as a blueprint for a post-pandemic development.
 
"Work from home is not a new phenomenon, but a phenomenon that was gaining strength prior to Covid-19," said Mr Cheng. "When we conceived Guoco Midtown, we were already looking at this emerging trend, and the blurring of lines between live, work and play, which means office spaces also need to incorporate the recreation element.
 
"This is not going to be the last shock to the economy. We have to focus on creating a product that will be future-ready."
 
As with most projects, construction activity on the site has not returned to pre-Covid-19 levels given that stringent safety measures are still in place.
 
"Our site reopened two weeks ago after being closed for about four months," Mr Cheng told The Straits Times yesterday.
 
"More than half our construction workforce has returned, so we are ramping up our pace.
 
"But during the past few months, we have been doing construction coordination virtually for the entire project, which means that once we start building the real thing, it will be more productive.
 
"Building a workers' dormitory on site helps improve productivity because it eliminates travelling and we have better control on managing our workers' health."
 
The multibillion-dollar project is expected to be completed in phases between 2022 and 2024.
 
GuocoLand has made some small adjustments to the office development in the light of the pandemic, but remains largely optimistic.
 
"Most companies will likely make work from home part of their strategy, but it doesn't mean companies don't need offices any more," noted Mr Cheng.
 
"The function of the office will shift from a place where people report to work, to a place where people go to collaborate, generate new ideas, new services, new products."
 
The location of the office will also become more important, he added. "Even when companies downsize, they may also move, but they will place more focus on the quality of the office. When you have to choose only that one office, albeit a slightly smaller one, you have to make it more meaningful."
 
To that end, Guoco Midtown's "core and flex" concept, which provides both long-term dedicated office space and shorter-term offices, can offer companies more flexibility and cost savings, he said.
 
"The economic environment has become more uncertain. It's hard for companies to project how many people they need, so the core and flex concept has been shown to be relevant now," said Mr Cheng.
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