Upcoming new projects in Tanjong Pagar
For HDB, there have been no new projects in Tanjong Pagar for many years resulting in a limited supply of HDB flats in Tanjong Pagar.
The latest HDB development in the area is Pinnacle @ Duxton, which is also the most expensive and tallest HDB development. Pinnacle @ Duxton has seven residential towers that stand at 50 storeys each.
The development has won a slew of awards and has been featured in numerous documentaries. According to listings on PropertyGuru, the asking price for a 3-bedroom unit ranges from about $850,000 to over $1 million.
Those looking for more affordable options may want to turn to Tanjong Pagar Plaza. Asking prices is about $450,000 for a 2 bedroom unit but flats in this aging HDB development rarely come onto the sale market.
There was a flurry of condominium launches about five years ago which included Icon (Gopeng Street), Skysuites @ Anson (Enggor Street) and Altez (Enggor Street). These projects have gradually obtained TOP from 2014 onwards.
Read our Step-by-Step Guide to buying a condo.
The newest condominium in the Tanjong Pagar area will be Wallich Residence (Wallich Street) that was completed in 2016. The condominium sits on top of Tanjong Pagar Centre and is minutes’ walk away from Tanjong Pagar MRT station. Wallich Residence made headlines a year ago because its three-storey penthouse at the 64th floor was offered for sale for $100 million.
There is no doubt that more private housing will be launched to meet the anticipated increase in demand as the Greater Southern Waterfront gradually develops.
The million dollar question is will there be HDB flats or will all land designated for residential use be sold to developers to build private housing.
If HDB flats were to be built there, price appreciation could rival the Pinnacle @ Duxton and the lucky owners could be looking at a very nice big chunk of capital gains.
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