If you’re looking for a comprehensive list of new launch condos to hit the market in 2020, you’ve come to the right place. In 2020, we will likely be seeing more than 30 condominium new launches in Singapore, with a potential 12,000 units hitting the property market. (In comparison, over 16,000 units from 55 projects were launched in 2019.)
We at 99.co have compiled the full list of non-landed private residential projects that have launched and will likely be launching in 2020. On top of that, we will update this list as new information becomes available. Buyers, sellers, agents and property watchers can bookmark this page to stay updated on the latest condo new launches in Singapore in 2020.
|Project Name||Location||District||Region||Type of Sale||Tenure||Developer|
|One Bernam||Bernam Street||2||CCR||GLS||99-Year||MCC Land and Hao Yuan|
|Midtown Modern||Tan Quee Lan Street||7||CCR||GLS||99-Year||Guocoland|
|The M||Middle Road||7||CCR||GLS||99-year||Wing Tai|
|Cairnhill 16||16 Cairnhill Rise||9||CCR||En Bloc (Former Cairnhill Heights)||Freehold||Tiong Seng Holdings and Ocean Sky International|
|Jewel @ Killiney Orchard||110 Killiney Road||9||CCR||En Bloc (Former Tai Wah Mansion)||Freehold||Lucrum Capital|
|Klimt Cairnhill||69 Cairnhill Road||9||CCR||En Bloc (Former Cairnhill Mansions)||Freehold||Low Keng Huat|
|Kopar at Newton||Kampong Java Road||9||CCR||GLS||99-year||Chip Eng Seng|
|The Atelier||2 Makeway Ave||9||CCR||En Bloc (Former Makeway View)||Freehold||Bukit Sembawang Estates|
|The Avenir||8 River Valley Close||9||CCR||En Bloc (Former Pacific Mansion)||Freehold||Guocoland & Hong Leong Realty|
|15 Holland Hill||15 Holland Hill||10||CCR||En Bloc (Former Olina Lodge)||Freehold||Peak Opal (Kheng Leong Group)|
|19 Nassim||19 Nassim Hill||10||CCR||En Bloc (Former Nassim Woods||99-year||Keppel Land|
|Dalvey Haus||105A Dalvey Road||10||CCR||En Bloc (Former Villa D’Este)||Freehold||KOP Properties|
|Former 14/14A Nassim Road bungalows||14/14A Nassim Road||10||CCR||En Bloc||Freehold||Shun Tak Holdings|
|Perfect Ten||325 Bukit Timah Road||10||CCR||En Bloc (Former City Towers)||Freehold||Japura Development (Cheung Kong)|
|Former Park House||21 Orchard Boulevard||10||CCR||En Bloc (Former Park House)||Freehold||Shun Tak Cuscaden Residential|
|Hyll on Holland||95 Holland Road||10||CCR||En Bloc (Former Hollandia and The Estoril)||Freehold||Far East Consortium Properties and Koh Brothers|
|Leedon Green||1-11 Farrer Road||10||CCR||En Bloc (Former Tulip Garden)||Freehold||Yanlord Land Group and MCL Land|
|Mooi Residences||139 Holland Road||10||CCR||En Bloc (Former bungalows)||Freehold||Wenul HL Pte Ltd|
|Van Holland||186 Holland Road||10||CCR||En Bloc (Former Toho Mansion)||Freehold||Koh Brothers|
|Peak Residence||333 Thomson Road||11||CCR||En Bloc (Former Peak Court)||Freehold||Tuan Sing Holdings and Rich Capital Holdings|
|The Landmark||173 Chin Swee Road||3||RCR||En Bloc (Former Landmark Tower)||99-year||ZACD Group and MCC Land|
|One-North Eden||One-North Gateway||5||RCR||GLS||99-year||TID Residential|
|Verticus||5 Jalan Kemaman||12||RCR||En Bloc (Former Kemaman Point)||Freehold||Soilbuild|
|Myra||11 Meyappa Chettiar Road||13||RCR||En Bloc||Freehold||Selangor Dredging Berhad|
|Noma||Guillemard Road||14||RCR||En Bloc||Freehold||Macly Group|
|Penrose||Sims Drive||14||RCR||GLS||99-year||CDL / Hong Leong|
|Liv @ MB||114A Arthur Road||15||RCR||En Bloc (Former Katong Park Towers)||99-year||Bukit Sembawang Estates|
|Rymden 77||75, 77, 79 Lorong H Telok Kurau||15||RCR||En Bloc||Freehold||Quek Hock Seng|
|Forett @ Bukit Timah||46 Toh Tuck Road||21||RCR||En Bloc (Former Goodluck Garden)||Freehold||Qingjian Realty|
|Ki Residences||Former Brookvale Park condo, Sunset Way||21||RCR||En Bloc (Former Brookvale Park)||999-year||Hoi Hup and Sunway|
|The Linq @ Beauty World||110-122 Bukit Timah Road||21||RCR||En Bloc (Former Goh & Goh Mansions)||Freehold||BBR Holdings|
|The Verdale||2 De Souza Ave, off Jln Jurong Kechil||21||RCR||GLS||99-year||CSC Land Group and COHL|
|Clavon||Clementi Ave 1||5||OCR||GLS||99-year||UOL Group and UIC|
|77 @ East Coast||77 Upper East Coast Road||15||OCR||En Bloc (Former Lodge 77)||Freehold||KDC (77) Development Pte Ltd|
|Tedge||328-334 Changi Road||15||OCR||En Bloc (Former shophouses)||Freehold||Macly Capital|
|Parc Central Residences (Executive Condominium)||Tampines Street 86||18||OCR||GLS||99-year||Hoi Hup and Sunway|
|The Ryse Residences||Pasir Ris Central||18||OCR||GLS||99-year||Allgreen and Kerry Properties|
|OLA (Executive Condominium)||Anchorvale Crescent||19||OCR||GLS||99-year||Evia Real Estate Ptd Ltd and Gamuda Singapore|
|Former 2-14 Phoenix Road apartments||2-14 Phoenix Road||23||OCR||En Bloc||99-year||CNQC Realty|
|Phoenix Villas||5 Phoenix Walk||23||OCR||En Bloc (Former Phoenix Heights)||99-year||OKP Holdings|
|Canberra Link Executive Condominium||Canberra Drive||27||OCR||GLS||99-year||MCC Land|
|Parc Canberra (Executive Condominium)||Canberra Link||27||OCR||GLS||99-year||Hoi Hup Sunway Canberra Pte. Ltd|
How will 2020 Condo New Launches Matter to Buyers?
With more than two-thirds of 2020 new launch condos being en bloc redevelopments, we’ll be seeing most of the remaining en bloc redevelopments from the 2017 and 2018 collective sale fever launching. Tenure-wise, slightly more than half (55%) of the projects will be freehold or 999-year leasehold, as opposed to 99-year leasehold.
The key difference between launches this year versus last year is the size of the projects that will be brought to market. Notably, we won’t be seeing any mega projects (800 units and above) launching this year, with the biggest projects to be launched not going above 600-odd units.
Why are we seeing smaller-scaled projects? Well, this is because developers of (already launched) mega projects—such as Avenue South Residence, Parc Clematis and Parc Esta—needed a longer runway to sell a greater number of units given the five-year deadline imposed by Qualifying Certificate (QC) rules and so the biggest projects have all been launched in 2019.
With the above in mind, where 2020 will matter to buyers is the arrival of more small-to-medium scale condo projects, including a handful of boutique offerings that come under 100 units. For many of them, projects of this size could offer a sweet spot that guarantees both exclusivity as well as the variety of facilities that make a condominium attractive for both owner-occupants and investors.
Keen interest for leasehold condos and ECs?
In the first two months of 2020, we’ve seen six new launches, two of which are executive condominiums (ECs). Buyers in the current property market are highly price sensitive (i.e. thin wallets/shallow pockets) especially given the mediocre economic forecasts this year.
So, in 2020, we foresee that the projects that will perform the best in terms of percentage sales are leasehold condos located close to key amenities (i.e. properties that scream “rare opportunity” and “bang for your buck”). A case in point is The M, a centrally-located leasehold project by Wing Tai that sold 70% of its units on its launch weekend at an average price of $2,450 per square foot (psf).
The caveat? Should the economy head south, we might see demand for private homes evaporate, even for very good projects on paper. Already, owing to the Covid-19 situation, jitters are being felt in the prime district luxury condo market because of the absence of Chinese buyers.
For 2020, the number of unsold condo units is likely to hover at above the 30,000 mark, according to Urban Redevelopment Authority (URA) figures. This supply glut of newly launched condos is a bane to developers but good news for buyers. No matter their budget, buyers who prefer newly launched to resale private properties are likely to be spoilt for choice if they enter the market in 2020.
An exception lies with new launch Executive Condominiums (ECs), a scarce product category highly sought after among Singaporean buyers. With the ability to tap on generous CPF grants, the promise of significant appreciation in property value five to ten years down the road and the fact that we haven’t had this many new ECs in a long time, the four ECs slated for launch in 2020 are poised to sell like hotcakes. (Hoi Hup’s Parc Canberra EC sold 64% of its units on its launch at $1,080 on average.)
Developers might hold back on launches (again)
In 2019, we saw a handful of projects that had their launch delayed, some of which made it to our 2020 list. There were several reasons for developers pushing back the launch of their projects. Firstly, the high volume of projects in 2019 meant that planning approval for certain projects (given by the URA) had been slower to come.
But it’s also true that developers have shown more caution and taking a longer time to design and position their projects given intense new launch competition in the current market, especially within certain districts such as 21 and prime district 9 that have a long list of upcoming projects.
Some developers have also taken a wait-and-see approach in for new projects in locations with multiple launches, preferring to observe the competition’s product and pricing because deciding on their own.
In 2020, we could once again see some projects being pushed back to the later part of the year or even 2021. Such delays could be further encouraged by the government’s 6 February announcement, which could allow listed developers with a “substantial connection to Singapore” an exemption from the QC scheme. The Covid-19 pandemic and shutdown of sales galleries from 7 April to 1 June may also set back developers’ launch plans.
In other words, the QC reprieve could give certain developers more breathing room and a bigger window in which to launch their projects, especially luxury prime district projects that will be hardest hit by coronavirus-induced repercussions. Continuing the wait-and-see trend, developers might also be slow to launch projects in districts with a high number of existing new launches. (We’re looking at you too, District 10.)
How will new launch property prices trend in 2020?
Here’s the thing: Despite abundant supply, it is unlikely that price of new launch condos will fall in 2020.
Despite Covid-19, signs are that the property market will continue to hold up well. Over the past year, the URA Property Price Index has been inching up. The reason is that among buyers and agents, it’s widely agreed upon sentiment that new launches, though expensive, are still priced at an attractive discount vis-à-vis their value at their eventual completion a few years down the road (i.e. new homes purchased now is highly likely to see an appreciation in value).
Low prevailing home loan interest rates, which has shown a downward trend in recent months amid an uncertain global economy, are also encouraging buyers to enter the market sooner rather than later. For prospective buyers, 2020 might be a matter of striking while the iron is hot as overall prices to continue to trend slightly upward—at least where new launches are concerned.