November 29, 2023


Great Property

6 thrilling new launch condos to keep watch over in Q3 of 2023

8 min read

Q2 of 2023 noticed yet one more spherical of cooling measures launched by the federal government. These measures tried to ease the unabating property market, hitting overseas consumers the toughest. This resulted in new launch tasks like Newport Residences pushing again its preview, which was initially scheduled for April.

As we transfer into the second half of 2023, will probably be attention-grabbing to see how the upcoming new launches carry out. We’ve compiled a listing of latest launch tasks which are set to launch this quarter – in case you’re looking for a brand new dwelling, this record is ideal for you.

**Disclaimer: Strolling durations are primarily based on Google Maps estimates. Precise timings might fluctuate.

1. Grand Dunman (District 15)

grand dunman showflat
Grand Dunman 3-bedroom showflat.

Anticipated TOP: 2028

Nearest MRT: Dakota (244m, estimated 2-minute stroll)

Main colleges inside 1km: Kong Hwa College, Tanjong Katong Main College (some blocks)

Following the launches of Tembusu Grand and The Continuum in Q2, the highlight is now on Grand Dunman, which is the third and closing challenge to debut in District 15 this 12 months. Among the many three, Grand Dunman stands out with a whopping 1,008 residential items. It is usually the biggest launch of 2023.

Location-wise, it’s the nearest challenge to an MRT station (Dakota MRT on the Circle line), a mere 2-minute stroll away. 

The event can have two 3-storey clubhouses containing a health club, library, perform rooms, and lots of different services. There might be retailers on the primary flooring as effectively. Different notable services embody an 80m grand pool, a hydro-massage pool and a treetop stroll.

Grand Dunman might be developed by SingHaiyi Group and CSC Land Group. Previews have already began (since 1 July 2023), and gross sales bookings will formally launch on 15 July 2023.

Common costs of latest sale transactions in District 15

d15 new sale graphs
Common costs of latest sale transactions in D15 from 2019-2023.

This 12 months, the common psf value of latest sale transactions within the district is S$2,551, and the majority of them is from Tembusu Grand and The Continuum. Therefore, we anticipate Grand Dunman’s psf costs to be inside this vary.

Try our full evaluate of Tembusu Grand and The Continuum.


2. Lentor Hills Residences (District 26)

lentor hills showflat model
Lentor Hills Residences showflat mannequin.

Anticipated TOP: 2028

Nearest MRT: Lentor (252m, 4-min stroll)

Main colleges inside 1km: Anderson Main College, CHIJ St. Nicholas Women’ College (Main)

Lentor Hills Residences is the second challenge to launch among the many seven new apartment websites within the upcoming Lentor Hills property. Developed by a consortium of Hong Leong Holdings, GuocoLand and TID, the challenge can have a complete of 598 items comprising 1 to 4-bedroom residences and twin key items.

The event might be linked to Lentor MRT through a sheltered walkway, offering handy entry to the Thomson-East Coast Line. Commuters will be capable of attain Orchard in 18 minutes and the CBD in 25 minutes. 

Residents also can sit up for the long run shopping center at Lentor Trendy (launched in 2022), which can have a plethora of facilities equivalent to retail and F&B retailers, childcare centres, a grocery store, and extra.

Common costs of latest sale transactions in District 26

Common costs of latest sale transactions in D26 from 2019-2023.

Previous to 2022, the common costs of latest sale transactions in District 26 have been usually round S$1,300+ psf. Nevertheless, with the launch of Lentor Trendy in 2022, common costs within the space have soared to S$2,125 psf.

It’s no shock since Lentor Trendy is an built-in mixed-use growth linked to Lentor MRT station. Lentor Hills Residences’ previews have opened (since 24 June 2023), and costs are ranging from S$1,834 psf.

Try our full evaluate of Lentor Hills Residences.


3. Altura EC (District 23)

altura ec
Artist’s impression of Altura

Anticipated TOP: 2027

Nearest MRT: Tengah Park (975m), Bukit Batok (1084m)

Main colleges inside 1km: ACS (Main) – 2030 onwards, Dazhong Main College, St. Anthony Main College

For those who’re searching for an govt apartment, Altura is the one EC launching within the upcoming quarter. It’s positioned at Bukit Batok West Ave 8. The attention-grabbing factor is that Altura is Bukit Batok’s second EC growth, and it’ll fill the availability hole of ECs within the space. The Dew, which is the one different EC in Bukit Batok, was accomplished 20 years in the past in 2003.

Developed collectively by Qingjian Realty and Santarli Development, Altura will function a spread of three to 5-bedroom residences. The challenge will comprise a complete of 360 items.

Notably, Altura is located inside a 1km radius of the long run ACS (Main) campus at Tengah. The campus is ready to open from 2030. This might be an enormous benefit for folks with younger kids throughout the MOE P1 registration exercise because it will increase the chance of securing a spot for his or her little ones.

Common costs of latest sale transactions in District 23

D23 resale
Common costs of resale EC transactions in D23 from 2018-2023

Since Altura is the primary EC to launch in District 23 in over 5 years, we’ll have a look at resale transactions of ECs within the space as a substitute. This 12 months, the common psf value of resale transactions in District 23 is S$1,246.

the latest EC launches, Tenet had a mean psf of S$1,374, whereas Copen Grand averaged S$1,334. We consider Altura will fall inside these ranges or surpass these figures.


4. Pinetree Hill (District 21)

pinetree hill
Artist’s impression of Pinetree Hill

Anticipated TOP: 2027

Nearest MRT: Dover (932m, 15-min stroll)

Main colleges inside 1km: Henry Park Main College, Pei Tong Main College

Pinetree Hill is a 520-unit resort-like residence positioned throughout the Ulu Pandan neighborhood in District 21. A three way partnership between UOL Group and Singapore Land Group, the challenge marks the primary new launch within the Mount Sinai neighborhood in over 14 years. The challenge might be designed by award-winning architects, P&T Consultants.

The event can have three 24-storey residential towers comprising a mixture of 1-bedroom + examine to 5-bedroom items. One of many highlights right here is the Pinetree Nest, which can present residents with a panoramic view of the encompassing huge greenery.

Future residents can sit up for unblocked views of the tranquil environment for the reason that stacks oversee Clementi Forest and Bukit Timah Nature Reserve. 

 Common costs of latest sale transactions in District 21

Common costs of latest sale transactions in D21 from 2018-2023

The common psf value of latest sale transactions in District 21 this 12 months is S$2,499. Most of those transactions come from The Reserve Residences, which launched in Could. Since The Reserve Residences is an built-in mixed-use growth (it’s additionally linked to Magnificence World MRT), its larger price ticket comes as no shock.

Pinetree Hill‘s indicative costs begin from S$2,236 psf.

Keep tuned for our evaluate of Pinetree Hill popping out quickly.


5. The Myst (District 23)

the myst

Anticipated TOP: 2029

Nearest MRT: Cashew (496m, 7-min stroll)

Main colleges inside 1km: CHIJ Our Girl Queen of Peace, Assumption English College, Bukit Panjang Main College

Right here’s one other new launch developing in District 23. Impressed by the close by Bukit Timah Nature Reserve, The Myst is a 408-unit condominium nestled throughout the Higher Bukit Timah enclave. The challenge is helmed by respected developer CDL, who boasts a formidable portfolio of residential developments, equivalent to The Sail @ Marina Bay, One Shenton, and lots of extra.

The Myst will comprise two 24-storey residential towers with unit sorts starting from 1-bedroom + examine to 5-bedroom items. What’s nice is that every one blocks are organized in a north-south orientation, and all items will get pleasure from unobstructed views.

A few of its services embody two clubhouses, a 50m infinity pool, a water courtyard, a treetop stroll and a sunken tennis courtroom. There are additionally a number of nature-inspired services, equivalent to a forest lounge, a tranquil pavilion, a rest pavilion and extra.

 Common costs of latest sale transactions in District 23

Common costs of latest sale transactions in D23 from 2018-2023

District 23 has seen a number of new launches prior to now few years, equivalent to Midwood, Dairy Farm Residences and The Botany at Dairy Farm. The common psf value for brand spanking new sale transactions in District 23 this 12 months is S$2,070.

The Botany at Dairy Farm, launched in March earlier this 12 months, began with a psf value of S$1,871.

CDL has launched The Myst for preview (since 24 June 2023), with costs ranging from S$1,862 psf.


6. LakeGarden Residences (District 22)

lakegarden residences

Anticipated TOP: 2028

Nearest MRT: Lakeside (1.2km, 15-minute stroll)

Main colleges inside 1km: Lakeside Main College

LakeGarden Residences is the newest apartment addition to the west, taking on the previous website of Lakeside Flats. Will probably be developed by Wing Tai Holdings, which gained the tender for Lakeside Flats’ en bloc sale for S$273.89 million in Could 2022.

LakeGarden Residences includes 306 items with quite a lot of unit sorts, together with 1 to 5-bedroom residences and penthouses. Potential traders also can discover the twin key unit choices supplied right here. 

One of many challenge’s highlights is its waterfront views of Jurong Lake and the plush greenery encompassing the close by Japanese and Chinese language Gardens. As well as, there are a number of noteworthy developments slated for District 22 within the close to future, together with the extremely anticipated Jurong Lake District and the redevelopment of JCube into J’Den.

Common costs of latest sale transactions in District 22

Will probably be tough to foretell LakeGardens psf value as a result of there hasn’t been a brand new launch in District 22 since Lake Grande in 2016. As well as, most of the resale transactions comprise older developments that are sure to have decrease psf costs. 

Nevertheless, we are able to check out the psf costs of latest launches in neighbouring districts. This 12 months, new launches in District 21 averaged S$2,499 psf whereas District 23 averaged S$2,070 psf.


Different new launches to sit up for in 2023:


Do you’ve gotten plans to promote your present dwelling and transfer to a brand new launch apartment? Allow us to join you with a property marketing consultant

For those who discovered this text useful, recommends Right here’s how a lot it’s essential to earn to afford a apartment (2023) and 15 new launch condos underneath a 10-minute stroll to East-West Line (EWL) MRT station.