{"id":62690,"date":"2022-12-29T16:53:34","date_gmt":"2022-12-29T08:53:34","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=62690"},"modified":"2026-03-13T11:25:40","modified_gmt":"2026-03-13T03:25:40","slug":"new-launch-condo-2023","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/new-launch-condo-2023\/","title":{"rendered":"New launch condos launching in Q1 of 2023 to upgrade or rightsize to"},"content":{"rendered":"
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If you\u2019re looking to rightsize your property or a homebuyer looking for your dream home, you might be considering the latest new launch condos in 2023<\/a>. While 2022 saw less than 20 new launches, it’s expected that 2023 will have around 40 new launches.\u00a0<\/span><\/p>\r\n

We\u2019ve compiled a list of new launch projects that will be launching in Q1 of 2023. For homeowners who plan to sell their current property and move to a new launch, this list is perfect for you. <\/span>(If you’re looking for new launch condos launching in Q2 of 2023, check out this article<\/a> instead.)<\/em><\/span><\/p>\r\n

Sceneca Residence (District 16)<\/h2>\r\n

Sceneca Residence<\/a> is the latest mixed-use development in the east and will be directly connected to Tanah Merah MRT station. The project will have 268 residential units comprising 1 to 4-bedroom apartments (including penthouses) and 19 commercial units.\u00a0<\/span><\/p>\r\n

The project’s developers, MCC Singapore, Ekovest Development and The Place Holdings, had won the tender for the government land sales (GLS) site at Tanah Merah Kechil Link for $248.99 million ($930 psf per plot ratio).<\/p>\r\n

\"sceneca<\/a>
Artist’s impression of Sceneca Residence<\/figcaption><\/figure>\r\n

Future residents will be able to enjoy the convenience of having a 1,000 sqm supermarket and another 1,000 sqm of retail and F&B outlets.\u00a0<\/span><\/p>\r\n

Check out our full review of Sceneca Residence<\/a>.\u00a0<\/p>\r\n

Expected TOP date:<\/strong> 2026
<\/span>Nearest MRT:<\/strong> Tanah Merah (East-West line)
<\/span>Primary schools within 1km:<\/strong> St. Anthony\u2019s Canossian, Bedok Green Primary, Temasek Primary (only certain blocks)<\/span><\/p>\r\n

Average prices of new launches in District 16<\/h2>\r\n
\"new-sale-transaction-d16-2018-to-2023\"<\/a>
Average price of new sale transactions in District 16 from 2018 to 2023<\/figcaption><\/figure>\r\n

There have been only a few new launches in District 16 recently. From 2018-2023, the average prices were around S$1500+ psf. However, this changed in 2022 when Sky Eden@Bedok<\/a> was transacted at an average of S$2,112 psf. Most recently, Sceneca Residence had an average psf price of S$2,098.\u00a0<\/span><\/p>\r\n

Resale condo units in District 16<\/h3>\r\n

If you’re currently living in District 16 and planning to rightsize your home, you might wonder if it’s good to buy a unit at Sceneca Residence.<\/p>\r\n

Here are the average prices of resale condo units in District 16.<\/p>\r\n\r\n\r\n\r\n\r\n\r\n
3-bedroom<\/span><\/td>\r\nS$1,610,336<\/span><\/td>\r\n<\/tr>\r\n
4-bedroom<\/span><\/td>\r\nS$2,249,913<\/span><\/td>\r\n<\/tr>\r\n
5-bedroom\u00a0<\/span><\/td>\r\nS$3,058,250 (less than 10 transactions)<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n

Based on transaction data from URA, Realis and 99.co, here are the average prices of 2, 3 and 4-bedroom unit types at Sceneca Residence.\u00a0<\/p>\r\n\r\n\r\n\r\n\r\n\r\n
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2-bedroom<\/span><\/p>\r\n<\/td>\r\n

\r\n

S$1,530,814<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n

\r\n

3-bedroom<\/span><\/p>\r\n<\/td>\r\n

\r\n

S$2,053,564<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n

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4-bedroom<\/span><\/p>\r\n<\/td>\r\n

\r\n

S$3,526,667 (only 3 transactions)<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n

(Note: Prices will vary according to the size and floor of the unit)<\/p>\r\n

Hence, if you’re looking to downsize to a new condo with one less bedroom (ie. 3-bedroom to 2-bedroom), you should be able to afford it comfortably.<\/p>\r\n