Pacific Mansion sold for S$980 million in Second-Largest Ever En Bloc deal! Mandarin Gardens set for Record En Bloc Sale with S$2.5 billion Asking Price! With the Record Number of Successful & Ongoing Collective Sales, Coupled with Record Low Inventory held by Developers, 2018 promises to be an Exciting Year ahead for Real Estate. Analysts have also raised their forecast for the full year (2018) to increase by 8-15% from the initial 3-7%.
What are the 10 Upcoming New Launches in next 2 -3 Months?
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Hard Facts Don’t Lie
Singapore Residential Property Price Index Q1 2018 – Full-year forecasts double after 3.1% jump in Q1 home prices.
Urban Redevelopment Authority’s private home price index based on its first quarter flash estimate has reported an increase of 3.1% for 1st Quarter 2018. This increase has exceeded analysts’ expectations who is expecting a moderate 1-2% increase. The rise is the steepest quarter-on-quarter hike since Q2 2010, when the index rose 5.3 per cent.
The final Q1 private home price data, which URA will release on April 27, could show an even bigger jump than the 3.1 per cent clocked in the flash estimate because the flash estimates are compiled based on transactions data only up to mid-March and The Tapestry was launched on 24th Mar with average selling price at S$1,310 psf.
The jump of 3.1% in Q1 has further vindicated that the Singapore Residential Market is on track to recovery after experiencing 15 quarters of negative growth since 2013. And Analysts have now raised their forecast for the full year (2018) to increase by 8-15% from the initial 3-7%.
Source: URA
- For the whole of 2017, Developers launched 6,020 units, compared with 7,877 units in 2016.
- Developers sold 1,864 private residential units (excluding ECs) in 4th Quarter 2017, compared with the 2,663 units sold in the previous quarter.
- For the whole of 2017, Developers sold 10,566 units, compared with 7,972 units in 2016.
- Record Low Inventory which see Developers going into En Bloc Market and bidding in excess of the Reserve Price
Source: URA
1. SIXTEEN35 RESIDENCES
Launching End April to Early May 2018
Address: 16 Lorong 35 Geylang
District: 14 (City Fringe)
Developer: Oxley Holdings
Tenure: 99 years
Location: 6 Mins Walk to Paya Lebar MRT Station
Facilities: Swimming Pool & Facilities, 1st Level and Basement Carpark
Total units: 8 Storeys Mixed-Use Development with Total 60 Residential Units
Unit mix: 1 to 3 Bedroom Units
Unit size: To Be Advised
2. PARK COLONIAL WOODLEIGH
Launching 2nd – 3rd Quarter 2018
Address: Woodleigh Lane
District: 13 (City Fringe)
Developer: CEL
Tenure: 99 years
Location: Right Next to Woodleigh MRT Station
Facilities: Full Condo Facilities with Swimming Pool, Gym etc
Total units: 735 Units (Estimated)
Unit mix: 1 to 5 Bedroom Units (TBC)
Unit size: To Be Advised
3. THE WOODLEIGH RESIDENCES
Launching 2nd – 3rd Quarter 2018
Address: Upper Aljunied
District: 13 (City Fringe)
Developer: SPH & Kajima
Tenure: 99 years
Location: Right Next to Woodleigh MRT Station
Facilities: Mixed Development with Retail Mall and Full Condo Facilities with Swimming Pool, Gym etc
Total units: 680 Units (Estimated)
Unit mix: 2 to 4 Bedroom Units
Unit size: To Be Advised
4. STIRLING III RESIDENCES
Launching 2nd – 3rd Quarter 2018
Address: Stirling Road
District: 03 (City Fringe)
Developer: SPH & Kajima
Tenure: 99 years
Location: Walking Distance to Queenstown MRT Station
Facilities: Full Condo Facilities with Swimming Pool, Gym etc
Total units: 1259 Units (Estimated)
Unit mix: 1 to 5 Bedroom Units
Unit size: To Be Advised
5. SHUNFU VILLE NEW CONDO
Launching 2nd – 3rd Quarter 2018
Address: Shunfu Road
District: 20
Developer: Qingjian Realty
Tenure: 99 years
Location: 200 metres to Marymount MRT Station
Facilities: Full Condo Facilities with Swimming Pool, Gym etc
Total units: 1200 Units (Estimated)
Unit mix: 1 to 5 Bedroom Units
Unit size: To Be Advised
6. RIO CASA NEW CONDO
Launching 2nd – 3rd Quarter 2018
Address: Hougang Avenue 7
District: 19
Developer: Oxley Holdings
Tenure: 99 years
Location: Walking Distance to Hougang MRT Station
Facilities: Full Condo Facilities with Swimming Pool, Gym etc, Enjoys 200 metres Frontage of Riverfront
Total units: 1472 Units (Estimated)
Unit mix: 1 to 5 Bedroom Units
Unit size: To Be Advised
7. SERANGOON VILLE NEW CONDO
Launching 2nd – 3rd Quarter 2018
Address: Serangoon North Avenue 1
District: 19
Developer: Oxley Holdings
Tenure: 99 years
Location: Close to Serangoon Gardens, Chomp Chomp Food Centre
Facilities: Full Condo Facilities with Swimming Pool, Gym etc, Enjoys 200 metres Frontage of Riverfront
Total units: 1052 Units (Estimated)
Unit mix: 1 to 5 Bedroom Units
Unit size: To Be Advised
8. RAINTREE GARDENS NEW CONDO
Launching 2nd – 3rd Quarter 2018
Address: Potong Pasir Avenue 1
District: 13 (City Fringe)
Developer: JV UOL and UIC
Tenure: 99 years
Location: Short Walk to Potong Pasir MRT Station
Facilities: Full Condo Facilities with Swimming Pool, Gym etc, Enjoys 200 metres Frontage of Riverfront
Total units: 729 Units (Estimated)
Unit mix: 1 to 5 Bedroom Units
Unit size: To Be Advised
9. 33 RESIDENCES
Launching 2nd – 3rd Quarter 2018
Address: Lorong 30 Geylang
District: 14 (City Fringe)
Developer: Macly
Tenure: Freehold
Location: Close to some of the famous eateries and Paya Lebar MRT Station
Facilities: To Be Confirmed
Total units: 27 Units (Estimated)
Unit mix: 1 to 3 Bedroom Units (TBC)
Unit size: To Be Advised
10. JUI RESIDENCES
Launching 2nd – 3rd Quarter 2018
Address: 1177 Serangoon Road
District: 12 (City Fringe)
Developer: SDB International
Tenure: Freehold
Location: Close to Potong Pasir and Boon Keng MRT Station
Facilities: To Be Confirmed
Total units: 117 Units (Estimated)
Unit mix: 1 to 5 Bedroom Units (TBC)
Unit size: To Be Advised
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