J'den, Newport Residences, Watten Estate Residences, and More: 29 New Condos and ECs Launching in 2023

Mary Wu
J'den, Newport Residences, Watten Estate Residences, and More: 29 New Condos and ECs Launching in 2023
According to the PropertyGuru Singapore Property Market Report Q3 2023, $2,000 is likely the new starting median price per sq ft (PSF) norm for Q3 2023 major new condo launches.
And on the heels of the April 2023 property cooling measures, which raised Additional Buyer’s Stamp Duty (ABSD) rates, "buyers are becoming more judicious in their decisions. It’s likely they would channel their financial resources to only one property for own-stay purposes," said Dr Tan Tee Khoon, Country Manager – Singapore, PropertyGuru.
That said, buyers seem to be turning out for major new condo launches that are near MRT stations, lifestyle amenities, and choice schools. So even with rising new condo launch prices, buyers may still be willing to bite the bullet on developments that hit all their criteria for a home.
Considering a new condo but not sure where to start? Check out our video guide on buying a condo in Singapore, then check out our guide for all the condos and executive condominiums (EC) that have launched in 2023, and the upcoming major new launch condos you can expect for the rest of 2023!

How to Buy a Condo in Singapore

Before we dive into the upcoming launches for the rest of 2023, here are the condos that have launched so far.

Condo Launches in 2023 So Far

Condo Launches Q1 2023

Sceneca ResidenceBedok / Upper East Coast (D16)
Gems VilleEunos / Geylang / Paya Lebar (D14)
Terra HillBuona Vista / West Coast / Clementi New Town (D5)
The Botany at Dairy FarmDairy Farm / Bukit Panjang / Choa Chu Kang (D23)

Condo Launches Q2 2023

Tembusu GrandEast Coast / Marine Parade (D15)
Blossoms By The ParkBuona Vista / West Coast / Clementi New Town (D5)
The ContinuumEast Coast / Marine Parade (D15)
The Reserve ResidencesClementi Park / Upper Bukit Timah (D21)
Grange 1866Tanglin / Holland / Bukit Timah (D10)

Condo Launches Q3 2023 (as of 16 August 2023)

Lentor Hills ResidencesMandai / Upper Thomson (D26)
The MystDairy Farm / Bukit Panjang / Choa Chu Kang (D23)
Pinetree HillClementi Park / Upper Bukit Timah (D21)
Grand DunmanEast Coast / Marine Parade (D15)
The LakeGarden ResidencesBoon Lay / Jurong / Tuas (D22)
Altura (EC)Dairy Farm / Bukit Panjang / Choa Chu Kang (D23)
The ArdenDairy Farm / Bukit Panjang / Choa Chu Kang (D23)
Orchard SophiaOrchard / River Valley (D9)
TMW MaxwellChinatown, Tanjong Pagar (D2)
Now on to what we can expect for the rest of 2023!

Potential Upcoming Condo Launches in 2023

Government Land Sales (GLS)
99-year lease
Capitaland Development (CDL)
Marina View
99-year lease
FE Landmark Pte Ltd
Watten Estate Residences
UOL and Singland
La Ville
En bloc
Peace Centre
En bloc
99-year lease
CEL and Singhaiyi
Newport Residences
Hong Leong Properties Pte Ltd
Shenton Way
Direct purchase
99-year lease
Perennial Shengotn Property Pte Ltd
Amber Sea/Amber Green
En bloc
Urban Park Pte Ltd (a subsidiary of Far East Organisation)
Former Realty Centre/Enggor Street
En bloc
The Place Holdings Ltd.’s The Place Yuntai Investment Pte. Ltd. subsidiary and Sun Card Ltd
Haig Road
En bloc
Nanshan Group
Golden Mile Complex
En bloc
99-year lease
Far East Organisation + Perennial
This list of upcoming condo launches in 2023 is extracted from the PropertyGuru Singapore Property Market Outlook 2023. It is not confirmed and developers may change or delay their plans.

1. J’den

Name of condoJ’den
DistrictBoon Lay / Jurong / Tuas (D22)
Address Jurong East Central
Tenure99-year lease
Expected number of units368
Types of units available3-bedroom to 5-bedroom and penthouses
Estimated TOP date2028
On 6 August 2023, JCube, one of the series of iconic shopping centres near Jurong East MRT station – the others being JEM, Westgate, and IMM – closed for good. While many residents staying in the west of Singapore mourned the loss of the shopping centre, which had been built in 2012, others anticipated the major new condo launch that would take over the land it had sat on.
JCube’s developer, CapitalLand Development, has announced that it would be launching J’den, a 99-year leasehold mixed-use condominium that is 40 storeys high and features commercial space on its first two storeys, in H2 2023, on the same site JCube occupied. Slated to receive its TOP in 2027, residents of J’den can expect to be part of the upcoming Jurong Lake District (JLD), benefit from the Jurong Region Line (JRL), and other redevelopment plans in the west side of Singapore.
Browse Jurong East properties for sale on PropertyGuru.

2. Watten Estate Residences

Name of condoWatten Estate Residences
DistrictNewton / Novena (D11)
Address Watten Rise
Expected number of units205
Types of units available3-bedroom to 5-bedroom
DeveloperUOL and SingLand
Estimated TOP date2026
An en bloc site of former Watten Estate condos, this upcoming development sits in the Bukit Timah landed enclave, in a low-density neighbourhood.
The current plan is to have eight blocks of five storeys each. Despite being tucked away in a private estate, Watten Estate Residences is just 700m from the nearest Tan Kah Kee MRT station.
Browse Watten Estate properties for sale on PropertyGuru.

3. Newport Residences

Name of condoNewport Residences
DistrictChinatown / Tanjong Pagar (D2)
Address Anson Road
Expected number of units246
Types of units available1-bedroom to 4-bedroom and one super penthouse
DeveloperHong Leong Properties Pte Ltd
Estimated TOP date2030
The former Fuji Xerox Towers, a six-minute walk from Tanjong Pagar MRT station, is being redeveloped into a mixed-use building called Newport Tower (commercial) and Newport Residences (residential).
Newport Tower will constitute the first nine storeys of the building: the ground floor featuring restaurants, and the rest office space. Above it will sit Newport Residences, comprising service apartments and about 246 1-bedroom to 4-bedroom units.
Browse Tanjong Pagar properties for sale on PropertyGuru.

Buying a Condo: Will Condo Prices Rise in 2023?

The PropertyGuru Sale Price Index for non-landed private residential properties increased by 0.3% quarter-on-quarter (QoQ) in Q2 2023, compared to the 0.9% QoQ increase in Q1 2023. This suggests that prices are finally reaching a peak and may stabilise in the near future.
On the supply side, the latest Government Land Sales (GLS) programme list was announced on 21 June 2023, when the URA announced the 17 sites it would put up for tender soon. Dr Lee Nai Jia, Head of Real Estate Intelligence, Data and Software Solutions, PropertyGuru Group noted that the GLS H2 2023 sites "will result in an estimated total Confirmed List supply of around 9,250 units for the entirety of 2023 – the highest in the last ten years."
More GLS sites means potentially more homes! And as buyers become more selective about their purchases and the government takes more action to redevelop different regions across Singapore, and we could see prices moderate further in the next two to three years.
Want to buy a condo but need help with home financing amid interest rate movements in 2023? Reach out to our PropertyGuru Finance Mortgage Experts, who can help guide you through financial planning for your dream home – best of all, their services are completely free!
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Disclaimer: The information is provided for general information only. PropertyGuru Pte Ltd makes no representations or warranties in relation to the information, including but not limited to any representation or warranty as to the fitness for any particular purpose of the information to the fullest extent permitted by law. While every effort has been made to ensure that the information provided in this article is accurate, reliable, and complete as of the time of writing, the information provided in this article should not be relied upon to make any financial, investment, real estate or legal decisions. Additionally, the information should not substitute advice from a trained professional who can take into account your personal facts and circumstances, and we accept no liability if you use the information to form decisions.

More FAQs About New Launch Condos in 2023

Private residential property prices seem to be moderating, but whether you buy a condo now really depends on your current financial situation, reasons for getting a condo (own stay or investment) and even the location of the property.

ECs are built by a private developer in partnership with HDB. It is priced cheaper but for the first 10 years, HDB regulations apply, such as the Minimum Occupation Period (MOP). Past that, the EC becomes privatised.

You will need at least $900,000 to buy a condo in the OCR, which is the most affordably priced.