More launches expected in coming months

Muneerah September 8, 2014

As it was seen as an inauspicious time to buy property during the seventh lunar month, which fell in August, developers are expected to launch more private residential projects in September and October, according to experts as reported in the media.

These include Keppel Land’s Highline Residences in Tiong Bahru which was previewed in the past two weekends. The guide price for the 500-unit project stands at $2,000 psf.

To attract more customers, Keppel Land is offering concierge services to buyers, such as housekeeping and limousine services, plus membership at a golf club in Bintan.

Another major project slated to be launched is the Marina One Residences (pictured) by M+S, a joint venture between Temasek and Khazanah Nasional. The development’s show gallery is scheduled to open for viewing on 13 September 2014, with indicative prices averaging at $2,600 psf.

ERA Realty’s Key Executive Officer Eugene Lim explained the peak periods for housing sales occur after the Chinese New Year and Hungry Ghost Month. “Most developers will capitalise on this second peak window to clear as many units as they can before this year-end lull,” he added.

Meanwhile, several Executive Condominiums (ECs) are expected to come on stream after a hiatus of nearly one year.

Developers of two EC sites at Punggol’s Anchorvale Crescent and Woodlands Avenue 5 are set to unveil their projects. In fact, construction of the Woodlands Avenue condo has started and online applications will begin by end-September. Prices are expected to fall within $750 to $820 psf.

Additionally, three other ECs in Punggol and Jurong West are scheduled to debut in November. Altogether, these developments will have around 2,900 units.

Image source: marinaone.com.sg

 

Muneerah Bee, Senior Journalist at PropertyGuru, edited this story. To contact her about this or other stories email muneerah@propertyguru.com.sg

 

mpsseppt

POST COMMENT

You may also like these articles

Buyers shun luxury city apartments despite price falls

Luxury apartment sales in the city centre sank markedly in the first half of 2014, revealed a CBRE report. According to caveats data for the Core Central Region (CCR), there were 48 transactions of

Continue ReadingSeptember 5, 2014

Just one bungalow sold in Sentosa Cove during H1 2014

A $17 million bungalow on Treasure Island in Sentosa Cove has the distinction of being the only bungalow sold in the posh enclave in H1 2014, CBRE said. This translates to a psf price of $1,506 on

Continue ReadingSeptember 5, 2014

Choa Chu Kang Drive EC site receives eight bids

The tender for an Executive Condominium (EC) land parcel at Choa Chu Kang Drive received eight bids, with Sim Lian Land submitting the highest tender price of $207.4 million. A consortium comprisin

Continue ReadingSeptember 5, 2014

Salespersons fined for advertising without consent

The Council for Estate Agencies (CEA)'s e-newsletter recently revealed two property salespersons were fined for not adhering to the advertising guidelines. Shane Yeo was charged by CEA’s Discip

Continue ReadingSeptember 5, 2014

Ground broken for Lentor, Mayflower MRT stations

Construction work has begun on two new MRT stations on the $24 billion Thomson-East Coast Line (TEL). The ground-breaking of the Lentor and Mayflower stations on Saturday morning was officiated by

Continue ReadingSeptember 8, 2014