New Launch Condo in North
Owning a condo in the North
The North Region of Singapore is a highly sought-after location for property buyers and investors alike. With its lush greenery, excellent connectivity, and abundance of amenities, it’s no wonder that the area is a top choice for those looking for a new home. In recent years, there has been a surge in new condo launches in the North Region, offering buyers a range of options to choose from.
One of the most anticipated new condo launches in the North Region is The Commodore Condo. Located in District 27, this upcoming residential development is set to offer residents a luxurious and convenient lifestyle. With its prime location near the Sembawang MRT station, residents will have easy access to the rest of the island. The development is also close to a range of amenities, including schools, shopping malls, and recreational facilities.
Another exciting new condo launch in the North Region is The Watergardens at Canberra. This development, located in Sembawang, offers residents a tranquil and serene living environment, surrounded by lush greenery. The development features a range of facilities, including a swimming pool, gym, and clubhouse, providing residents with plenty of options for relaxation and recreation. With its close proximity to the Canberra MRT station and major expressways, residents will also enjoy excellent connectivity to the rest of the island.
The North region is seeing a lot of development, with new infrastructure and amenities being built. This means that property values in the area are likely to increase over time. In addition, the government has plans to develop the North region into a vibrant commercial and residential hub, which could further boost property values.
The North region is home to several industrial parks and business hubs, including Woodlands Regional Centre and Seletar Aerospace Park. This means that there is a strong demand for rental properties in the area, as many professionals working in these industries are looking for convenient and affordable housing options.
As the North region is still developing, there is limited availability of new condos in the area. This means that owning a new condo in the North could be a rare and valuable investment opportunity. In addition, limited availability could also mean that the value of new condos in the North could appreciate more quickly than in other areas with more supply.
Amenities in North
The North Region of Singapore is a bustling area with a wide range of amenities. From schools to shopping malls to outdoor parks, residents of the North Region have easy access to everything they need for a comfortable and convenient lifestyle.
The North Region is home to several prestigious schools, making it an ideal location for families with children. Some of the top schools in the area include:
- Yishun Junior College
- Republic Polytechnic
- Innova Junior College
- Northland Primary School
- Ahmad Ibrahim Secondary School
There are plenty of shopping malls in the North Region, providing residents with endless options for retail therapy. Some of the most popular malls in the area include:
- Northpoint City
- Sun Plaza
- Sembawang Shopping Centre
- Causeway Point
- Junction 9
The North Region is also home to several beautiful parks, offering residents a chance to enjoy the great outdoors. Some of the most popular parks in the area include:
- Yishun Park
- Canberra Park
- Woodlands Waterfront Park
- Admiralty Park
- Sembawang Park
Price & PSF Trend for North Region Condos
When it comes to the North Region of Singapore, the price trend for new condos has been on the rise. This section will cover the current price trends for new condos in the North Region, including new launches and resale prices.
Developers in the North Region have been launching new projects to meet the demand for new condos. The Commodore and North Gaia are two examples of new launch projects in the region. These new condos offer a range of unit types, from 2-bedroom to luxury properties with more bedrooms and bathrooms.
The prices for new launches in the North Region are competitive with other regions in Singapore. The average price per square foot (psf) for new condos in the North Region is around $1,400 to $1,600 psf. This is slightly lower than the Core Central Region (CCR) but higher than the Rest of Central Region (RCR).
Resale prices for new condos in the North Region have also been on the rise. The average resale price for a private condo in the North Region is around $1.3 million to $1.5 million. This is comparable to the RCR, but lower than the CCR.
HDB resale prices in mature estates like Yio Chu Kang and Admiralty have also been increasing. The average resale price for a 4-room flat in Yio Chu Kang is around $500,000 to $600,000, while the average resale price for a 5-room flat in Admiralty is around $600,000 to $700,000.
The volume of property transactions in the North Region has been increasing steadily. In Q1 2023, there were around 1,500 private condo transactions in the North Region, compared to around 1,200 in Q1 2022. The number of executive condo transactions has also been increasing, as more HDB upgraders consider buying executive condos.
Government land sales have also been active in the North Region, with developers bidding for sites like Pasir Ris 8. Developer sales have been strong, with new launches like Irwell Hill Residences and Treasure at Tampines selling well.
Overall, the North Region of Singapore offers a range of new condos and resale properties at competitive prices. With the increasing demand for private condos and executive condominiums, the price trend for new condos in the North Region is likely to continue its upward trajectory.