More private property projects in Singapore are slated to launch in the coming months.
This fresh supply of private residential properties is the answer to a long-standing demand from buyers, despite the implementation of cooling measures like the Additional Buyer’s Stamp Duty and Total Debt Servicing Ratio.
Some of the projects that have already launched last weekend are the The Visionaire Executive Condominium (EC) by Qingjian Realty and The Sturdee Residences in Jalan Besar, by Sustained Land. Upcoming new launch condo include Grandeur Park Residences, Hougang EC, Yio Chu Kang EC, Hoi Hup EC while existing ones include Kingsford Waterbay, Forest Woods and Straits Mansions, Sturdee Residences and Gem Residences.
The Visionaire has sold a quarter of the 632 units that were priced at an average of $811 per sq ft (psf). The Sturdee Residences, on the other hand, managed to sell 122 units (almost half) out of the 305 units at an average of about $1,550 psf.
Other projects that are launching this weekend are Parc Life EC by Frasers Centrepoint and Keong Hong Holdings, as well as Gem Residences by Evia Real Estate, Gamuda, and Maxdin.
Next month, buyers can also look forward to the pre-sale for Stars of Kovan by Cheung Kong Property, which is a mixed development that has 390 condo units, 5 strata terraces and 46 retail units.