Singapore Property | Although the collective sale fever may have ended, developers are on the verge of launching new properties to the market from their hoarded land banks, offering property hunters in Singapore a wide array of options in 2019.
If you are considering purchasing a private residence for either investment or rental income purses, you should keep in mind that the rental market is currently a bit unstable. Your investment in properties may not bring satisfactory proceeds in the near period. With increasing interest rates, you should be cautious when relying on rental income to settle any outstanding debt.
Homebuyers also need to assess whether the new condominiums are worth their selling price and if they are pocket-friendly. Below are some of the biggest condo projects slated to launch by mid-2019.
This upcoming 99-year property is situated in Tampines Street 11 on a site previously occupied by Tampines Court HUDC estate. Siam Lian Group bought this land in a collective sale of $970 million. The development will feature over 2,000 units, and it is located near both Tampines MRT Station and Simei MRT Station. The convenient location of the condo enables homeowners to access top tertiary institution like ITE College East, celebrated Singapore University of Technology and Design, and ITE College, numerous shopping centers, and wonderful amenities.
Former Normanton Park
Kingsford Huray Development is behind the development of this upcoming condo, One Normanton Park (name to be confirmed), located in District 5. It will sit on land formerly occupied by Normanton Park. It will consist of 1,200 units.
This condominium will consist of at least 1,500 units. It is located close to Jalan Lempeng in District 5. It is also near leading learning institutions like the National University of Singapore.
Former Florence Regency
Logan Property is in charge of developing this upcoming condominium that will feature approximately 1,410 units. The Florence Residences is just a short walking distance away from Hougang MRT Station. Floor Plans are already downloaded. Please click on the link.