Upcoming homes in Loyang
There were no recent new launches of HDB flats in Loyang but there have been increasing numbers of condominium developments in Loyang especially along Flora Drive.
The Jovell is a condominium development, located along Flora Drive, that was just launched. Developed by Hong Leong, the 99-year leasehold development has 428 units spread across 9 blocks of 8-storey towers. During launch, a 1-bedroom unit of about 440 sf was marketed at about $500,000 ($1,136 psf) while a 4-beddroom unit of about 1,227 sf was marketed at about $1.50 million ($1,222 psf). The development will have many facilities including a clubhouse with a gym, a large swimming pool with a waterfall, tennis courts, children play areas, and a man-made beach. The development is expected to be completed in 2023.
Flora Drive also has a number of 99-year leasehold developments that were completed in recent years. One of the newer developments is 396-unit The Inflora that was completed in 2017. Current selling prices at The Inflora range from $528,000 to $1.58 million ($822 to $1,339 psf).
Looking forward, the number of residential developments in Loyang is likely to increase alongside the expansion of Changi Airport and rapid development of Pasir Ris.