Asked by Anonymous
More new developments nearby, good or bad ?
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5 Answers
Hi Do contact me at 97970200
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Mark, your RIGHT choice
Propnex Read More
Mark, your RIGHT choice
Propnex Read More
Hi,
More new developments nearby can be both good and bad, depending on the location, existing property prices and the amount of upcoming supply.
On the positive side, new developments may bring improvements to the neighbourhood, including better amenities, retail offerings and greater interest from buyers. Higher new-launch prices may also make existing resale properties appear more attractive by comparison.
However, more developments also mean greater competition. If several projects are completed around the same time, existing homeowners may face more competition when selling or renting out their properties.
I would not assume that more developments automatically lead to higher property prices.
Instead, I would examine recent transactions, new-launch prices, upcoming supply and how quickly units are being absorbed to assess the potential impact on surrounding properties.
May I know which estate or condominium you are referring to? Are you currently staying there, considering buying or thinking of selling?
Also, have you engaged a property agent to assist with your plans? If so, has your agent shared any market analysis on how these upcoming developments could affect property values?
I would be happy to share some insights based on the actual developments and transaction data in the area.
Geryl Lim
9278 7772 Read More
More new developments nearby can be both good and bad, depending on the location, existing property prices and the amount of upcoming supply.
On the positive side, new developments may bring improvements to the neighbourhood, including better amenities, retail offerings and greater interest from buyers. Higher new-launch prices may also make existing resale properties appear more attractive by comparison.
However, more developments also mean greater competition. If several projects are completed around the same time, existing homeowners may face more competition when selling or renting out their properties.
I would not assume that more developments automatically lead to higher property prices.
Instead, I would examine recent transactions, new-launch prices, upcoming supply and how quickly units are being absorbed to assess the potential impact on surrounding properties.
May I know which estate or condominium you are referring to? Are you currently staying there, considering buying or thinking of selling?
Also, have you engaged a property agent to assist with your plans? If so, has your agent shared any market analysis on how these upcoming developments could affect property values?
I would be happy to share some insights based on the actual developments and transaction data in the area.
Geryl Lim
9278 7772 Read More
1
Hi, it depends on what is being built and your reason for buying. I would separate the construction period from the completed neighbourhood.
During construction, assess noise, dust, access and the effect on your particular facing. After completion, consider whether the project adds amenities you will actually use, changes privacy or traffic, and introduces homes competing with yours. New supply alone does not establish that prices will rise or fall.
Check official planning information and the actual development details rather than rely on a broad “transformation” story. Which development is coming up, and are you asking as an owner, buyer or landlord?
Silas Tan | Huttons | TRIBE
Free property guides and calculators: https://tribesg.com Read More
During construction, assess noise, dust, access and the effect on your particular facing. After completion, consider whether the project adds amenities you will actually use, changes privacy or traffic, and introduces homes competing with yours. New supply alone does not establish that prices will rise or fall.
Check official planning information and the actual development details rather than rely on a broad “transformation” story. Which development is coming up, and are you asking as an owner, buyer or landlord?
Silas Tan | Huttons | TRIBE
Free property guides and calculators: https://tribesg.com Read More
Hi,
I would be glad to assist you.
Feel free to contact me at
wa.me/6597100155
Hope to hear from you soon.
Pei Mobile: (65) 9 7 1 0 0 1 5 5.
Email: peicheng.tan@propnex.com
Associate Group Director
Propnex Realty Pte Ltd Read More
I would be glad to assist you.
Feel free to contact me at
wa.me/6597100155
Hope to hear from you soon.
Pei Mobile: (65) 9 7 1 0 0 1 5 5.
Email: peicheng.tan@propnex.com
Associate Group Director
Propnex Realty Pte Ltd Read More
**More new developments nearby is usually good for your property’s long-term price floor, but it is a double-edged sword for short-term liveability and rental competition.** In Singapore, surrounding launches act as a price benchmark—higher Government Land Sales (GLS) bids force developers to launch at higher per-square-foot (psf) prices, which naturally pulls up the perceived value of neighbouring resale flats and condos.
### The Upside (Why It Helps You)
* **Price Benchmarking & Spillover:** When new launches nearby transact at higher psf prices due to rising land and construction costs, your older unit looks like a value-for-money alternative with larger floorplates—supporting resale capital appreciation.
* **Upgraded Amenities & Connectivity:** Clusters of new developments under the URA Master Plan typically bring new malls, supermarkets, childcare centres, parks, and improved bus or MRT connectivity into the precinct.
* **En-Bloc / Rejuvenation Signal:** Surrounding plots being rezoned or built at higher Gross Plot Ratios (GPR) signal government rejuvenation for the area.
### The Downside (What to Watch Out For)
* **3–5 Years of Construction Disruption:** Heavy piling noise, dust, construction lorries, and road diversions directly affect daily liveability—especially if you work from home.
* **Blocked Views & Lost Privacy:** If an adjacent empty plot has a high GPR or storey height limit, a new tower can block your unblocked view, cut cross-ventilation, or look straight into your windows.
* **Temporary Rental & Resale Supply Surge:** When several nearby projects obtain TOP around the same time, hundreds of newly completed units hit the rental market simultaneously—temporarily capping rents and giving buyers more choices.
### Quick Check Before You Buy
* **Check URA Space (`uraspace.com.sg`):** Look up the exact land-use zoning and **Gross Plot Ratio (GPR)** of empty plots within 200m of the unit you are viewing. High-density residential or commercial zoning right beside your stack means future high-rise construction; "Park" or low-rise zoning protects your view and quietness.
---
Gan Eng Joo Onassis 颜荣裕, REALTOR®
MSc BIT (Middlesex, UK); BBA (UniSA)
CEA Reg No: R021244C | Mobile: (+65) 8889 9918
Email: onassis@sgagent.com
SGAgent.com | SGRealtor.com | SGCommercial.com | SGCBD.com
SGShowflat.com | SGNewLaunch.com
Integrated Services: SGCash.com | SGRepair.com | SGLegal.com
Social (Facebook & TikTok): @sgcommercial Read More
### The Upside (Why It Helps You)
* **Price Benchmarking & Spillover:** When new launches nearby transact at higher psf prices due to rising land and construction costs, your older unit looks like a value-for-money alternative with larger floorplates—supporting resale capital appreciation.
* **Upgraded Amenities & Connectivity:** Clusters of new developments under the URA Master Plan typically bring new malls, supermarkets, childcare centres, parks, and improved bus or MRT connectivity into the precinct.
* **En-Bloc / Rejuvenation Signal:** Surrounding plots being rezoned or built at higher Gross Plot Ratios (GPR) signal government rejuvenation for the area.
### The Downside (What to Watch Out For)
* **3–5 Years of Construction Disruption:** Heavy piling noise, dust, construction lorries, and road diversions directly affect daily liveability—especially if you work from home.
* **Blocked Views & Lost Privacy:** If an adjacent empty plot has a high GPR or storey height limit, a new tower can block your unblocked view, cut cross-ventilation, or look straight into your windows.
* **Temporary Rental & Resale Supply Surge:** When several nearby projects obtain TOP around the same time, hundreds of newly completed units hit the rental market simultaneously—temporarily capping rents and giving buyers more choices.
### Quick Check Before You Buy
* **Check URA Space (`uraspace.com.sg`):** Look up the exact land-use zoning and **Gross Plot Ratio (GPR)** of empty plots within 200m of the unit you are viewing. High-density residential or commercial zoning right beside your stack means future high-rise construction; "Park" or low-rise zoning protects your view and quietness.
---
Gan Eng Joo Onassis 颜荣裕, REALTOR®
MSc BIT (Middlesex, UK); BBA (UniSA)
CEA Reg No: R021244C | Mobile: (+65) 8889 9918
Email: onassis@sgagent.com
SGAgent.com | SGRealtor.com | SGCommercial.com | SGCBD.com
SGShowflat.com | SGNewLaunch.com
Integrated Services: SGCash.com | SGRepair.com | SGLegal.com
Social (Facebook & TikTok): @sgcommercial Read More