{"id":73660,"date":"2024-03-21T20:58:40","date_gmt":"2024-03-21T12:58:40","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=73660"},"modified":"2024-07-10T12:02:18","modified_gmt":"2024-07-10T04:02:18","slug":"8-new-launches-expected-q2-2024","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/8-new-launches-expected-q2-2024\/","title":{"rendered":"8 new launches expected in Q2 of 2024"},"content":{"rendered":"
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If you\u2019re tracking the new launch 2024<\/a> scene, you’ve likely noted the impressive performance of <\/span>Lentor Mansion<\/span><\/a>, which achieved 75% sales rate upon launch, <\/span>with prices ranging from S$2104 to S$2478<\/span><\/a>.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n

This success story adds to the momentum generated by other notable launches in the first quarter, such as <\/span>Lumina Grand<\/span><\/a>, <\/span>Lentor Hills Residences<\/span><\/a>, and<\/span> North Gaia<\/span><\/a>.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n

But if you missed out on these opportunities and are still in the market for a new home, we’ve curated a list of anticipated new launches for Q2 2024 to keep you informed and ahead of the game.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n

Please note that while these launches are expected for the next quarter, they are not yet confirmed. Rest assured, we’ll keep you updated as soon as more information becomes available.<\/span><\/p>\r\n\r\n\r\n\r\n

New launch condos in Singapore for Q2 2024<\/b><\/h2>\r\n\r\n\r\n\r\n
\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n
Project<\/b><\/td>\r\nDistrict<\/b><\/td>\r\nTenure<\/b><\/td>\r\n<\/tr>\r\n
Newport Residences<\/span><\/td>\r\n2<\/span><\/td>\r\nFreehold<\/span><\/td>\r\n<\/tr>\r\n
Sora<\/span><\/td>\r\n22<\/span><\/td>\r\n99 years<\/span><\/td>\r\n<\/tr>\r\n
The Hill @ one-north<\/span><\/td>\r\n5<\/span><\/td>\r\n99 years<\/span><\/td>\r\n<\/tr>\r\n
Arina East Residences<\/span><\/td>\r\n 15<\/span><\/td>\r\n Freehold<\/span><\/td>\r\n<\/tr>\r\n
Marina View Residences<\/span><\/td>\r\n 1<\/span><\/td>\r\n 99 years<\/span><\/td>\r\n<\/tr>\r\n
The Hillshore<\/span><\/td>\r\n 5<\/span><\/td>\r\n Freehold<\/span><\/td>\r\n<\/tr>\r\n
Ardor Residences<\/span><\/td>\r\n 15<\/span><\/td>\r\n Freehold<\/span><\/td>\r\n<\/tr>\r\n
32 Gilstead<\/span><\/td>\r\n 11<\/span><\/td>\r\n Freehold<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/figure>\r\n\r\n\r\n\r\n\r\n\r\n

Newport Residences<\/b><\/a><\/h2>\r\n\r\n\r\n\r\n

\"newport<\/a>Expected TOP<\/a>: 2030
Nearest MRT: <\/b>Prince Edward<\/b><\/a> (328m, 5-min walk), <\/b>Tanjong Pagar<\/b><\/a> (436m, 7-min walk)<\/b><\/p>\r\n\r\n\r\n\r\n

Newport Residences might <\/span>ring a bell from last year<\/span><\/a>, as its launch was initially anticipated then. However, City Developments Limited (CDL) postponed the launch of this prime downtown project, <\/span>citing concerns about the impact of recent government cooling measures on the high-end residential segment<\/span><\/a>. Whether this launch will proceed this year remains uncertain.<\/span><\/p>\r\n\r\n\r\n\r\n

Situated in <\/span>Tanjong Pagar<\/span><\/a>, Newport Residences is a redevelopment of the former Fuji Xerox Towers. This <\/span>freehold <\/span><\/a>mixed-use development will have 246 residential units ranging from 1 to 4-bedroom configurations, including a sprawling super penthouse spanning over 12,000 sqft.<\/span><\/p>\r\n\r\n\r\n\r\n

Residents of Newport Residences will be treated to stunning views of the <\/span>CBD<\/span><\/a>, with residential units spanning the 23rd to 44th floors, while the super penthouse will crown the 45th floor. Additionally, a rooftop garden offers panoramic vistas of the city skyline and the sea.<\/span><\/p>\r\n\r\n\r\n\r\n

The location offers unparalleled convenience, with two <\/span>MRT stations<\/span><\/a> within walking distance, as well as proximity to popular shopping destinations like 100AM Mall, Icon Village, Tanjong Pagar Plaza, and the upcoming Greater Southern Waterfront.<\/span><\/p>\r\n\r\n\r\n\r\n\r\n\r\n

Average prices of new launches in District 2<\/b><\/h3>\r\n

\"district<\/a>District 2 has witnessed only two new launches in the past five years: <\/span>One Bernam<\/span><\/a> in May 2021 and <\/span>Sky Everton<\/span><\/a> in June 2019. In 2023, the average price per square foot (<\/span>psf<\/span><\/a>) in the district stood at S$2,712, driven solely by transactions from One Bernam. Sky Everton, on the other hand, commanded an average psf price of S$2,958 based on transactions over the past year.<\/span><\/p>\r\n\r\n\r\n\r\n

We anticipate that Newport Residences will match or even surpass Sky Everton’s psf prices, considering that both projects offer freehold tenure compared to One Bernam’s 99-year leasehold status. Additionally, while Sky Everton is exclusively residential, Newport Residences’ mixed-use nature is likely to command a premium.<\/span><\/p>\r\n

Check your affordability with 99.co’s affordability calculator<\/a><\/em>!<\/strong><\/p>\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n

Sora\u00a0<\/b><\/a><\/h2>\r\n\r\n\r\n\r\n

\"sora<\/a>Expected TOP:\u00a0 2027
Nearest MRT: <\/b>Chinese Garden<\/b><\/a> (1.2km, 10-min drive), <\/b>Lakeside <\/b><\/a>(1.2km, 5-min drive), future <\/b>Jurong Lake District<\/b><\/a> MRT<\/b><\/p>\r\n\r\n\r\n\r\n

Situated in the Jurong Lake district, Sora emerges from the <\/span>enbloc <\/span><\/a>of <\/span>Park View Apartments<\/span><\/a>. This 99-year leasehold development is set to offer 440 residential units, ranging from 1 Bedroom with study to 5 bedroom luxury units, catering to various household sizes and preferences.<\/span><\/p>\r\n\r\n\r\n\r\n

Although walking access to the MRT station may be limited, bus services and driving options provide connectivity to Lakeside MRT (EWL), just two stops away from <\/span>Jurong East MRT<\/span><\/a>, home to malls like JEM and IMM.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n

Positioned in close proximity to the recently launched LakeGarden Residences, Sora promises unobstructed views of the picturesque Jurong Lake Gardens, encompassing the Chinese and Japanese Garden.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n

While daily amenities are readily available in the nearby HDB enclave, residents can also enjoy convenient access to FairPrice and the Taman Jurong Food Centre.<\/span><\/p>\r\n\r\n\r\n\r\n\r\n\r\n

Average prices of new launches in District 22<\/b><\/h3>\r\n\r\n\r\n\r\n

\"district<\/a>There were two new launches for the area in the past five years, including <\/span>LakeGarden Residences<\/span><\/a> in August 2023 and the highly sought-after J’den<\/a> in November 2023.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n

In 2023, the average psf of new sales in district 22<\/a> stood at S$2,391.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n

Considering the proximity between Sora and LakeGarden Residences (average S$2,111 psf), we anticipate Sora’s prices to closely mirror those of its neighbouring development, with prices potentially ranging from S$1,900 to S$2,100+ psf.\u00a0<\/span><\/p>\r\n

Rather look at condos that will MOP this year?<\/i>\u00a0Have a read here:\u00a0<\/b>Upcoming Executive Condos (ECs) that will MOP in 2024 & 2025<\/i><\/a><\/p>\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n

The Hill @ one-north<\/b><\/a><\/h2>\r\n\r\n\r\n\r\n

\"the<\/a>Expected TOP:\u00a0 2026
Nearest MRT: <\/b>One-North<\/b><\/a> (454m, 7-min walk), <\/b>Buona Vista<\/b><\/a> (458m, 7-min walk)<\/b><\/p>\r\n\r\n\r\n\r\n

If you’re a nature enthusiast, The Hill @ One North might just be the perfect fit for you. This 99-year leasehold condominium by Kingsford Development is nestled at Slim Barracks Rise in One-North, adjacent to the popular One-North Park, a favourite spot for walking, running, and cycling enthusiasts.<\/span><\/p>\r\n\r\n\r\n\r\n

Originally a GLS site, this 142-unit project will offer a mix of 2, 3, and 4-bedroom configurations, providing residents with a variety of living options.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n

With its proximity to Buona Vista MRT station (EWL\/CCL) and one-north MRT station (CCL), residents enjoy convenience and accessibility to nearby hangout spots like The Star Vista, Rochester Park, Holland Village, and Timbre+.<\/span><\/p>\r\n\r\n\r\n\r\n\r\n\r\n

The Hillshore<\/b><\/a><\/h2>\r\n\r\n\r\n\r\n

\"the<\/a>Expected TOP: 2027<\/b>
Nearest MRT: <\/b>Haw Par Villa<\/b><\/a> (451m, 7-min walk)<\/b><\/p>\r\n\r\n\r\n\r\n

Adding to the roster of exciting new launches in District 5 <\/a>is The Hillshore, a boutique development comprising approximately 59 units. Despite its smaller scale, The Hillshore promises a unique living experience in a vibrant neighbourhood.<\/span><\/p>\r\n\r\n\r\n\r\n

Conveniently located in walking distance to Haw Par Villa MRT station on the Circle Line, residents enjoy seamless connectivity to various destinations, including Mapletree Business City, VivoCity, and the bustling technological hub of one-north. The Circle Line also provides easy access to popular dining and social spots like Holland Village, Adam Road, and Rochester Park, ensuring residents are never far from entertainment and leisure options.<\/span><\/p>\r\n\r\n\r\n\r\n

The anticipated completion of stage 6 of the Circle Line in 2026 will further enhance connectivity for residents of The Hillshore. This means you can expect direct access to the CBD and Marina Bay in just 6 to 8 stops on the MRT.<\/span><\/p>\r\n\r\n\r\n\r\n

If that\u2019s not enough reason to put your questions of potential price appreciation at ease, the new launch will also be in close proximity to the Greater Southern Waterfront (GSW) \u2013 making it an attractive investment opportunity in the long term.<\/span><\/p>\r\n\r\n\r\n\r\n\r\n\r\n

Average prices of new launches in District 5<\/b><\/h3>\r\n\r\n\r\n\r\n

\"district<\/a>Recent launches in the area, such as Blossoms by the Park<\/a> and One-North Eden<\/a>, garnered favourable reception, indicating strong demand for residential units in the vicinity.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n

District 5 witnessed an average psf of S$2,488 for new launches over the past year, with Blossoms by the Park leading transactions at an average S$2,444 psf. Unit prices for The Hill @ one-north could range from S$2,034 to S$2,732 psf.<\/span><\/p>\r\n\r\n\r\n\r\n

As for The Hillshore, you might expect a sales psf range of S$2,018 to S$2,500 or even higher due to its freehold nature.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n\r\n\r\n

Arina East Residences\u00a0<\/b><\/a><\/h2>\r\n\r\n\r\n\r\n