Singapore’s Upcoming New Condo Projects and ECs: Which is best for you?

For those who’ve decided to purchase a new home, there are Numerous new Condo starts to select from in 2021. Perhaps your HDB flat’s Minimum Occupation Period (MOP) is about to be over, and you’ll finally be able to sell it and upgrade to a new residence. Or perhaps you wish to take advantage of current low-interest rates to move home or upgrade your home.

What you will read in the coming paragraph is the list of new launch condos and upcoming ECs to be on the lookout for from 2021 and beyond.

New Condo Established 2021 Projects

With Almost 27 new condos starts in 2020, it is always tough to supersede that. Nevertheless, 2021 has a fairly healthy list of endeavors. With strong consumer demand heading into 2021, new condominium launches in 2021 are predicted to be in high demand. Here are five of the anticipated new condo launches in 2021 that have caught our attention.

Peak Residence (Former Peak Court En Bloc)
This Freehold low-rise condo development by Tuan Sing Holdings in 333 Thomson Road is situated in Novena on the city fringe. Located just across the road from Thomson Medical Centre and a stone’s throw from Balestier Road, Peak Residence is about an 11 to 12 minutes’ walk from Novena MRT station. Due to its proximity to the city center and the prosperity of elite colleges in the vicinity, the development is very likely to be popular with affluent families.

One-North Eden (one-north Gateway GLS)
This condominium has a 99-year leasehold. The development is also within walking distance to Biopolis, Fusionopolis, and Mediapolis, making it ideal for those who work in the area.

Pasir Ris 8 (Pasir Ris Central GLS)
Will feature condo units incorporated with all the Pasir Ris Bus Interchange and Pasir Ris MRT station, right next door to White Sands Shopping Mall. Besides that, there are several lifestyle options in the vicinity, including Pasir Ris Beach Park, Downtown East, and the water sports centers at the East Coast and Changi region.
This Luxury new condominium launching situated at 71 Phoenix Avenue will be located approximately 15 minutes’ walk from Bukit Panjang MRT and Hillion Mall. Helmed from OKP Holdings, the project will incorporate a 24-hour gym, an aqua gym, and a hydrotherapy pavilion in addition to the customary swimming pool.

The Atelier (Former Makeway View Apartment En Bloc)
The Atelier Is a freehold new condominium launch from the Newton area on the city fringe by programmers Bukit Sembawang. Located near United Square Shopping Mall and numerous elite primary schools, the site also appreciates excellent connectivity thanks to Newton MRT less than 350m away.

2021 New Launch Executive Condominiums (ECs)

This New EC launching by MCC Land will be found only 300m from the upcoming Canberra MRT station, directly next door to the Sembawang Park Connector, along with the brand new Canberra Plaza at a new residential area situated between Sembawang and Yishun. The job is made up of 2- to 5-bedroom units, such as some 2- and – 3-bedroom units with studies.

Parc Greenwich EC
This 540-unit upcoming EC project by Frasers Property will be located reverse shopping mall Greenwich V on Yio Chu Kang Road; It’ll be found within walking distance of Fernvale LRT station, which links to Sengkang MRT station.

Additional Upcoming New Executive Condominium (EC) Launches in 2021/2022
Although The launch dates have not been released yet, there are a few other EC websites that developers have snapped up. If they are not ready as a new launch EC in 2021, they will probably be prepared in 2022.

Yishun Avenue 9 EC
This forthcoming EC by Sing Holdings from the Yishun area is located about 500m in the Junction 9 shopping mall, and two bus stops from Northpoint City. The nearest MRT is Yishun MRT, which is approximately 20 minutes walk away and accessible by bus. It is found close to recreational facilities like SAFRA Yishun Country Club, Orchid Country Club, and Yishun Pond.

This EC site was only released in November 2020, so not much is supported concerning the project and programmer. We do understand; however, this forthcoming EC is going to be located at Tengah Garden Walk, which will be a brand new street that has yet to be constructed. The location is in the”woods town,” a part of Tengah, beside the Garden Vines @ Tengah BTO apartments. They are anticipating to be approximately 615 EC units. It will be close to Tampines Eco Green Park and not far from IKEA Tampines and the recreational facilities in Pasir Ris, including Downtown East. It is an affordable choice for those who would like to live in a mature property like Tampines with established amenities and food options.

CCR vs RCR vs OCR Projects in 2021

Ten of these new condo launches slated for 2021 are from the Center Central Region (CCR), and three brand new launching condos are located at the Rush of Central Region (RCR). The remaining new launch condos will be in the Outdoor Central Region (OCR).

A couple number of OCR projects may see stiffer competition. Since the PropertyGuru Property Market Outlook 2021 report Forecasts, the market expects to see continued interest in affordable properties in the $1,000,000 to $1,500,000 range. This is due to greater price sensitivity amid the current economic situation, in addition to a sizable market of HDB apartment owners whose units are coming MOP and may be looking to update to personal property. Thus far, individual home prices have already climbed by 3.3% in Q1 2021, which’s the sharpest quarterly change since 2Q 2018.

Other FAQs About New Condo Launch in Singapore:

Which are new condominium launches?
A New launching condo, or new condominium launch, is a new condo project that the programmer puts up for sale before it has been constructed. From the time of launching, it requires approximately two to three years to finish.

Which are the benefits of purchasing a new launch condominium?
New Condo launches are brand-new and offer buyers a chance to choose their favorite unit. They also sometimes come in a discount during launching. If you are buying a leasehold property, then in addition, it comes with a new 99-year lease.

When are new launch condos released in 2021?
New condo launches happen throughout the entire year, depending on when the programmers opt to schedule them.

Are new launching condos cheaper than resale condos?
New condo launches are occasionally cheaper than similar resale condos, thanks to ancient bird and launch discounts.

Where can I buy a new condo launch?
Any brand new condominium launching can be purchased directly from programmers. You can usually pay a visit to a show flat to have a feel of the property.

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