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New Condominiums Launching In Upcoming Months Of 2013
When the property cooling measures were announced on 11 January 2013, there was a feeling of certainty that property prices are going to embark on a long overdue correction. This was because mass market properties are transacting at prices way above the mass market! But the release of the White Paper on Singapore population planning has made the cooling measures look like a scrawny boy in a program for obesity.
There has only been 2 residential launches since the cooling measures – La Fiesta and Qbay. And they have performed relatively well. La Fiesta partly due to opening it’s doors almost immediately on the cooling measure announcements to beat the policy enforcement deadline. Qbay partly due to huge attractive discounts.
Everyone who is a stakeholder in the property market will now be closely monitoring the performance of upcoming new launches to see how the market reacts to these national policies. The show has to go on as developers have already committed in buying land and building private properties. Thousands upon thousands of condominiums are under construction and planning as we speak. And with newer projects having up to 5 years to dispose the apartments by selling them, we could potentially be anticipating fireworks in the new launch market.
So here is a list of new launch condos that should be opening it’s doors for preview and sales in the coming months as we are aware of. Bookmark the ones that you are interested in to avoid missing out. The feeling is that sales for uncompleted private properties are going to be strong as developers go all out to market them attractively within the boundaries of the government policies.
Upcoming New Launch Condos 2013
|Trilinq||Jalan Lempeng, Clementi||755|
|Sennett Residences||Pheng Geck Avenue, Potong Pasir||335|
|Sant Ritz||Pheng Geck Avenue, Potong Pasir||214|
|Bartley Ridge||Mount Vernon Road, Bartley||868|
|Hillview Peak||Hillview Avenue||534|
|Urban Vista||Tanah Merah Kechil Link||582|
|D’nest||Pasir Ris Grove||912|
|Hillion Residence||Petir Road, Bukit Panjang||546|
|Tembusu||Tampines Road, Kovan||337|
|NeWest||West Coast Way||200|
|Sorrento||West Coast Road||131|
|RiverBay||Mar Thoma Road, MacPherson||147|
|Mon Jervois||Jervois Road, Bukit Merah||109|
|Cluny Park Residence||Cluny Park, Bukit Timah||52|
|Marina One||Marina South||1,042|
|Duo||Rocher Road, Bugis||660|
It would also be interesting to see what are the profiles of buyers to study how effective the property cooling measures are for the targeted market segments. The latest measures could just be the cue for first time Singaporean buyers to step up and start buying before even they start to be muffled. With the release of the White Paper, foreigners and permanent residents may also be willing to pay Additional Stamp Duty in view of the potential upside if properties in the long term.