More new property launches coming our way soon!

By The Folks @PropTalk - February 18, 2010 2 Comments

Now that the CNY holidays are out of the way, The Straits Times have reported that at least six projects are being prepared for launch, while others have started preview sales or will have new phases released.

1. L’VIV: Wing Tai is preparing to sell its 147-unit L’VIV in Newton Road at an average price believed to be about $2000psf. The units at this freehold 32-storey development will be fairly small. About half are one-bedroom apartments of between 600 and 700sqft, while the rest are two-bedders of about 1000sqft in size. There are also three penthouses of more than 2000sqft. The developer is offering the deferred payment scheme for a limited period for this project, which is expected to be completed in 2014.

2. ALTEZ: Far East has started selling units at ALTEZ, a 62-storey (wow!) project along Enggor Street at Tanjong Pagar, located near its Icon condominium. ALTEZ is set to be the tallest residential development in Singapore when completed in 2015. A hundred units have already been sold, at prices ranging from $1600 - $2000psf. Sales at this 99-year leasehold condo reportedly started last Wednesday.
The units sold were one and two-bedroom apartments on the 10th to 22nd floors. Another batch of two-bedroom apartments on the 23rd level and higher will be released for sale today. So far, 60% of the buyers have been foreigners.
The project has 280 units, ranging from one-bedders of 527sqft to a 4058sqft penthouse.

3. 18 SHELFORD ROAD: Popular Holdings is also preparing to start sales of its boutique development, 18 SHELFORD ROAD, this weekend. This freehold project in Bukit Timah will have 19 units, but Popular has declined to disclose the selling price. Recent transactions for new launches like Shelford Suites, a nearby development, are about $1400psf.

4. THE NASSIM: CapitaLand may also start selling the 55-unit THE NASSIM on the former ANA Hotel site, closer to the middle of the year. Analysts expect prices to exceed $3000psf.

Several new launches are also expected in the mass market segment. These include

5. THE VISION: Agents are gearing up to market THE VISION at West Coast, on West Coast Highway, and next to Waseda Shibuya Senior High School. The 99-year leasehold development will have 295 units in total: 281 apartments and 14 strata houses. Sizes start at about 800sqft for a two-bedroom unit and go up to 2700sqft for a penthouse and about 5000sqft for the strata houses.

6. THE ESTUARY: MCL Land is also said to be gearing up to launch THE ESTUARY at Yishun, which will have 608 units. This freehold project will have one-bedroom to four-bedroom apartments, from under 700sqft to over 1500sqft. Indicative prices are said to be about $850psf.

In addition, Frasers Centrepoint is laying plans for its new project on the former Flamingo Valley freehold site at Siglap, which it may launch after the first quarter. The five-storey development will have 393 units, including one-bedroom to four-bedroom apartments, duplexes and penthouses. Prices have not been released, but the nearby Siglap V, located across the road from Siglap Centre, has reportedly sold units at between $1000psf and $1500psf.

More new private housing options to choose from, more money making opportunities, or will more property speculators get burnt? Time will only tell…

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2 comments to ''More new property launches coming our way soon!"

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  1. 18 Shelford, according to the agent I met there,is going for about $1600 psf. The units are very big for a new development - 2 bedders are abt 1300 sq ft. Rooms are generously sized for a new development. Kitchen comes with coffee maker, conventional oven, and dishwasher and steam oven (for 3 bedders and larger).

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  2. Many thanks for filling in the blanks, Anonymous.

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