Singapore property developers could launch for sale 2 executive condominiums and 9 private non-landed developments in the second half 2016 if the existing buying drive goes on. This analysis is based on data of the Government Land Sales. City fringe has three of the developments while Outside Central Region has the others. Prospective buyers should consider some of these projects since they may have competitive prices based on that developers paid lower prices for them in comparison to nearby projects.
Parc Riviera is expected to be launched by EL Development in August. The project cost was $551 psf ppr, 20% lower than Waterfront @ Faber’s $687 psf per plot ratio that World Class Land paid. The Waterfront @ Faber’s average selling price at its May 2013 launch was $1,488 psf and it is fully sold.
Alexandra View by Tang Group is an upcoming launch, which was 12% cheaper than Alex Residences nearby but 3% pricier than the site of Principal Garden. It has a commercial component and an area will be reserved for a supermarket thereby making it competitively priced in Queenstown and Bukit Merah areas.
Alps Residences by MCC Land could be launched this year. The site had cost $482 psf per plot ratio, 14% lower than what The Santorini had cost at $562. Since both projects are of one developer, the lower price of land may not translate to lower sales price.
Lake Grande near Lakeside MRT by MCL Land is expected to be launched in July. The site had cost $630 psf ppr, lower than $651 psf ppr for Lakeville site nearby. Lakeville launch price was $1,318 psf in April 2014 with 90% already sold.
One of the most anticipated new launches is Frasers Centrepoint consortium’s Siglap Road site which has a great view of the East Coast Park and the sea while only a short distance from the upcoming Siglap MRT.
Residential component comprising 429 units of Paya Lebar Central, a mixed-use development by Abu Dhabi Investment and Lend Lease is expected to be launched this year. Paya Lebar Central is set to become a key commercial centre.
Dundee Road project next to Queenstown MRT, Queens Peak by HY Realty could launch this year. The site had cost $871 psf ppr lower than $883 paid for Commonwealth Towers, which launched in May 2014 at $ 1,626 psf.
Forest Woods Condo at Lorong Lew Lian by Hong Leong Holdings and City Developments could launch this year. The site had cost $710 leading to a selling price to be between $1300 to $1350 psf.