Table of Contents
Check out the latest property launches in 2020. Do register for the project that you be interested and the brochure / Floor Plan will be sent to you once available. Featuring the latest new condo, industrial and commercial property in Singapore.
|Launch Date||Enbloc / GLS||Project||Tenure|
|Jan 2020||Enbloc||Leedon Green||Freehold|
|Jan 2020||Enbloc||The Avenir||Freehold|
|Jan 2020||Enbloc||Van Holland||Freehold|
|Feb 2020||GLS||Luxus Hill||999 Years|
|Feb 2020||Enbloc||One Draycott||Freehold|
|Feb 2020||GLS||The M||99 Years|
|Feb 2020||GLS||Parc Canberra||99 Years|
|Feb 2020||Enbloc||TK One||Freehold|
|Mar 2020||GLS||OLA EC||99 Years|
|Mar 2020||Enbloc||Citrine Foodland||Freehold|
|Apr 2020||Enbloc||Dalvey Haus||Freehold|
|Apr 2020||GLS||Kopar at Newton||99 Years|
|June 2020||Enbloc||15 Holland Hill||Freehold|
|June 2020||Enbloc||Cairnhill 16||Freehold|
|Aug 2020||Enbloc||Forett @ Bukit Timah||Freehold|
|Sep 2020||GLS||Penrose||99 Years|
|Sep 2020||GLS||Verdale||99 Years|
|Oct 2020||Enbloc||Linq @ Beauty World||Freehold|
|Oct 2020||Enbloc||Hyll on Holland||Freehold|
|Enbloc||The Landmark||99 Years|
|GLS||Parc Central Residences||99 Years|
|Enbloc||KI Residences||999 Years|
|GLS||Midtown Modern||99 Years|
In 2020, most of the launches will be from en-bloc redevelopments due to the 2017 and 2018 collective sales fever that saw numerous collective sales transacting then. Therefore, most of the launches this year likely to be in Freehold as most of the collective sales as on freehold land. This year there also won’t be mega-development launching with more than 1,000 units as there are no big-scale land sales from URA in 2nd half of 2019.
There are few big-scale developments already launched in 2019 like Parc Esta, Parc Clematis and Avenue South Residence that are already been launched in 2019. it normally takes a while for large scale development to be fully sold.
Most of the launches in 2020 will be small to mid-size launches with some boutique developments that are less than 100 units such as Tedge and Noma. These developments often offer exclusivity and a variety of facilities that are ideal both for investors and owner-occupants.
Buying Executive Condos versus Leasehold Condos?
There’s a total of 3 executive condos launching this year namely Parc Canberra, Ola, and Parc Central Residences. Parc Canberra and Ola have just launched in the 1st half of 2020. They are located namely in Sembawang and Sengkang respectively. Parc Central Residences is located at Tampines and will set to launch in the 2nd half of 2020.
Should one consider an executive condo or leasehold condos? This should depend on one choice of location, eligibility, and budget. Executive Condos are often lower in PSF and quantum, though local is often not too near to MRT. Leasehold condos, on the other hand, are in a more prime location, though quantum and PSF are higher even in the same vicinity. Those with a lower budget and eligible often will opt to purchase an executive condo. There are however some previous launch condos like Treasure @ Tampines that offer attractive price that on par with executive condo PSF.
Development with rare unique selling proposition will still likely do well like The M @ Bugis which recently sold about 70% of its launch over the weekend at $2,450psf.
Developers holding back Launches?
Some launches that are supposed to launch in 2019 has been delayed to 2020. This is due to the high volume of projects line up and also developers are more cautious while comparing competitors in terms of product and pricing. They prefer a wait and see approach. There’s also a list of launches upcoming especially in District 9 and 21 where buyers will be more spoilt for choices.
Government announcement to allow listed developers exemption for QC Scheme allows developers more breathing space to launch their development, therefore they won’t be in such a hurry to sell their units.
With the coronavirus dampened sentiment both in real estate and the stock market, developers will likely adopt a wait and see approach, especially in the prime districts as foreigners, especially from China, are curb from entering Singapore. China accounts for the highest property buyers in Singapore, followed by Indonesia and Malaysia.
Property Price Index to Hold Well despite Covid-19
Despite Covid-19 dampening market sentiment, there are signs that the property market will continue to do well from the URA Property Price Index. Developers are likely to price their development cheaper in view of market sentiment. Units in new launches are priced at an attractive from their real value upon TOP. New home purchase is likely to see capital appreciation in value.
The dampening sentiment on the other hand, see low prevailing home loan interest rate amid global economic uncertainty that also encourage home buyer to grab this opportunity to enter the market.