We’ve seen a number of private condo launches this year that have done quite well, or were quite well-received, and we thought we’d give a quick recap. One of the common factors for all of them was value-for-money. In the current market, between loan curbs and poor market sentiments, developers have had to price to sell, and move units. We recognize that this list is in no way comprehensive, so sound off in the comments some of your other favourite project launches this year!
1. Thomson Impressions
Nanshan Group’s debut entrant into the Singapore market is located in the upmarket Thomson area, saw great interest, with many interested buyers visiting the showflat when it launched. Located along Lorong Puntong in the upmarket Thomson area, it’s set between a landed enclave and the popular food stretch of Thomson Road. Future potential is strong, with Ai Tong Primary next to it, and two upcoming MRT stations. The nearest retail and grocery options are a short drive away at Thomson Plaza, or Bishan Central. Read the full review here to find out more.
This is the newest condo in the list, and at time of writing, hasn’t even launched yet, with balloting day set for 28 Nov. However, the showflat has opened and is seeing great footfall, likely drawn by the convenience of a mixed development right above Potong Pasir MRT. Protests from the St. Andrews community led the developer MCC Land to change it from Andrews Residences to its current name. There’s no such thing as bad publicity though, with this condo being the most searched condo for sale on PropertyGuru at the moment. Read our condo preview here to find out more!
UOL’s latest project in District 3 is located in a prestigious address, a stone’s throw away from Orchard Road and River Valley. With 80 percent of the land area being dedicated to landscape, a sky clubhouse with a larger than usual gym, homebuyers can expect a great environment to live in. Principal Garden’s most attractive feature however, is its price, starting at about $730K or so, which is extremely competitive for its address, and is attractive for both investors and homebuyers in a post-TDSR market. Read the full condo review here to find out more. Read the full review here to find out more.
Guocoland’s massive project in Geylang has a great growth story behind it, with the area’s gentrification, and two developmental zones – Paya Lebar and the Kallang Riverside leisure and sports hub – in close proximity. According to URA, the developer has already sold 345 out of 362 launched units, with most market sources suggesting that the developer will increase prices for subsequent launches. Given the sheer amounts of residents in the development when it is completed, Guocoland is also building a child-care centre, a convenience store, and cafes in the project. Read the full review here to find out more.
Frasers Centerpoint’s integrated development at Yishun sits on a massive plot of land next to Yishun MRT, and will include not only residential living, but a massive mall that will be integrated with the current Northpoint, Yishun Bus Interchange, and a community library. Investment potential is strong for the project, with Seletar Aerospace Park and Woodlands Regional Centre in easy proximity. Sales numbers have supported this, with one-bedroom units almost sold out in the current launch phase. Read the full review here to find out more.
This Jalan Kayu project saw brisk sales, and made headlines for moving over a high volume of units. With over 1376 of 1392 units sold currently according to URA, High Park might be this year’s best performer. With an average PSF price around $1000, the project is priced to sell. The massive plot of land also allows for multiple facilities, with CEL listing a whopping 118 that it is building, including uphill trekking and a sensory trail. Read the full review here to find out more.
Built right at the edge of the city fringe, UOL’s project is located next to Bartley MRT and Maris Stella Primary and Secondary schools, and is one MRT stop from Nex. It’s also a short drive to the city and to Paya Lebar regional centre. Location aside, Botanique’s other selling point is its price, with asking prices around $1,200 psf, which has led to strong sales. Read the full review here to find out more.
Do you agree? Which ones did we miss? Sound off in the comments!