The real estate market in Singapore is set to experience a surge in new condo launches in 2023. With several developers announcing their upcoming projects, homebuyers and investors have a wide range of options to choose from. The new launches come with a variety of features and amenities, including prime locations, luxurious designs, and state-of-the-art facilities.
Developers such as MCC Land, Far East Organization, and CDL have already announced their new condo projects, which are set to be launched in 2023. Some of the upcoming condos include Blossoms By The Park, Sceneca Residence, and The Avenir. These condos are located in prime areas such as Buona Vista, Tanah Merah, and River Valley, making them highly sought after by homebuyers and investors alike.
With the real estate market in Singapore showing signs of recovery, the new condo launches in 2023 are expected to attract a lot of attention. These condos offer a variety of options for home buyers and investors, ranging from affordable one-bedroom units to luxurious penthouses. The new launches also come with attractive payment schemes and financing options, making them accessible to a wider range of buyers.
What You Need to Know?
- In 2023, approximately 40 new condo launches are expected to take place in Singapore. Lentor Hills Residences will be the second of seven new condo sites to be launched in the Lentor estate, while Sceneca @Tanah Merah will be the first large-scale project to be launched in 2023. Other notable new launch condos in 2023 include Terra Hill, Blossoms by the Park, Tembusu Grand, and Grand Dunman.
- District 13 is becoming a popular residential area due to several mixed-use developments scheduled to rise in 2023. Additionally, District 17 is gaining popularity because of its spacious properties and lower land cost compared to more central regions.
- It is important to note that some of the projects on the list may experience launch postponements, especially those with freehold land plots compared to leasehold ones.
- If you are considering purchasing a new condo in 2023, it is recommended to use a mortgage calculator and affordability calculator to determine which condo unit type is within your budget.
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Hillview Rise
99 Years
535 Units
TOP 2027
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Lentor Gardens Residences
99 Years
530 Units
TOP 2027
Location and Developer
Location
The upcoming new condo launches in Singapore in 2023 are located in various regions across the island. One of the new developments is Blossoms By The Park, situated in Slim Barracks Rise in the Rest of Central West Region. This development is within close proximity to the EW 21 CC 22 Buona Vista MRT station, making it convenient for residents to travel to other parts of Singapore.
Another new development is Sceneca Residence, located in Tanah Merah Kechil Link outside the Central Region. Although it is not considered an integrated development, Sceneca Residence has many premium amenities similar to its all-in-one cousins. The location is ideal for families with young children as there are many good schools in the area.
Developer
The developers for the new condo launches in 2023 are well-known in the Singapore property market. Blossoms By The Park is developed by a joint venture between SingHaiyi Group Ltd and Haiyi Holdings Pte Ltd. SingHaiyi is an established property developer in Singapore and has a diverse portfolio of residential and commercial properties. Haiyi Holdings is a subsidiary of Tuan Sing Holdings Limited, a leading property developer in Singapore.
Sceneca Residence is developed by MCC Land (Singapore) Pte Ltd, a subsidiary of Metallurgy Corporation of China Ltd. MCC Land has a strong track record in developing quality residential and commercial properties in Singapore. Other notable developers for the new condo launches in 2023 include Ekovest Development, The Place Holdings, and many more.
Unit Types and Amenities
The new condo launches in 2023 and are expected to offer a wide range of unit types and state-of-the-art amenities that cater to different lifestyles and budgets. Below are some of the unit types and amenities that buyers can expect:
Unit Types
The new condo launches in 2023 are expected to offer a variety of unit types, including:
- 1-bedroom units
- 2-bedroom units
- 3-bedroom units
- 4-bedroom units
- Penthouses
Buyers can choose from different unit sizes and layouts to suit their needs, whether they are looking for a compact space or a spacious home for their family.
Amenities
The new condo launches in 2023 are expected to offer a range of amenities that cater to different lifestyles and interests. Some of the amenities that buyers can expect include:
| Facility | Description |
|---|---|
| Swimming Pool | Most new condo launches are expected to feature a swimming pool for residents to relax and unwind. |
| Gym | For fitness enthusiasts, the new condo launches are expected to offer a fully-equipped gym with state-of-the-art equipment. |
| Clubhouse | Many new condo launches are expected to feature a clubhouse where residents can host events and gatherings. |
| Children’s Play Area | For families with children, the new condo launches are expected to offer a children’s play area where kids can have fun and make new friends. |
| BBQ Area | For those who love to entertain, the new condo launches are expected to offer a BBQ area where residents can host outdoor parties and gatherings. |
Other amenities that buyers can expect include a tennis court, a basketball court, a yoga deck, a function room, and a 24-hour security system.
Pricing and Payment Plan
Potential homebuyers interested in Sceneca Residence’s new condo launch in 2023 should take note of the pricing and payment plan. With an average new launch price of $2,072 per unit, buyers will need a monthly household income of at least $9,373 to afford a unit in this development. Payment for Sceneca Residence requires a 15% down payment within eight weeks from the option date. The remaining payments are disbursed from the bank to the developer every few months. Despite rising property prices in Singapore, buyers can still find great deals at new launches by staying updated on the latest developments and sales galleries.
Pricing
When it comes to shopping for a new condo, pricing is usually a top concern for prospective buyers. Luckily, the upcoming new condo launches in Singapore for 2023 offer a variety of affordable options for those looking to invest in a new property. For instance, Terra Hill by Hoi Hup and Sunway is a freehold development located in Pasir Panjang with an average price of $2,600 psf. Meanwhile, Lentor Hills Residences offers a slightly lower price point at $x,xxx psf. In terms of payment plan options, developers may offer incentives such as early bird discounts, deferred payments, or other flexible payment plans to sweeten the deal. Given the location, amenities, and unit types available, these new condos are a great opportunity for anyone looking to invest in the Singaporean property market. Don’t miss out on these fantastic options!
Payment Plan
When planning to purchase a new condo in 2023, it is important to consider the payment plan that comes with it. The payment schedule for new launch condos or landed properties typically involves a progressive payment plan that can span from 6-9 months, depending on the size of the property. The payment works out to be around 5-10% of the purchase price each time and will continue up until the Temporary Occupation Permit is issued. Developers usually offer flexible payment options that cater to different individuals’ financial capabilities. When considering a new condo launch, it is important to take note of the pricing and payment plan to ensure that it fits within your budget. Don’t forget to also check out the sales gallery to get a better idea of the units and amenities that come with the development.
Launch Date and Sales Gallery
When it comes to new condo launches in Singapore, one of the key aspects that home buyers eagerly await is the launch date and sales gallery information. In this regard, the upcoming new condo launch in 2023 is generating a lot of buzzes. The launch date is yet to be announced, but we can expect it to be in the first half of 2023. As for the sales gallery, it is likely to be situated near the project site to enable potential buyers to gain a better sense of the development’s layout, finishes, and overall feel. With such information, potential buyers can make an informed decision and make necessary arrangements. Stay tuned for more information on the launch date and sales gallery of the new condo launch in Singapore in 2023.
Launch Date
The launch date for new condo projects in Singapore is one of the most anticipated events for property investors and homebuyers alike. Based on factual data, the year 2023 will see the addition of approximately 11,356 new launch condo units to the market. Among these, Sceneca @Tanah Merah stands out as the first large-scale project to be launched, followed by 10 Evelyn and Terra Hill. Other upcoming new launches include 32/34 GILSTEAD ROAD, AXA TOWER, and Lentor Hills Residences.
If you’re looking for a project that combines residential and commercial space, One Bernam is definitely worth checking out. The Verandah Residences Condominium and Juniper Hill are also worth considering for their strategic locations and unique amenities. As for the launch date, it varies from project to project, so it’s best to keep an eye out for updates from the developers. Sales galleries are also available for those who want to learn more about these exciting new developments.
Sales Gallery
The Sales Gallery is an essential aspect of any new condo launch, providing potential buyers with a glimpse into what the development has to offer. In Singapore, the Sales Gallery typically contains a scale model of the development, as well as detailed information on the unit types, amenities, and pricing. Buyers can also view the different floor plans available and get a feel for the overall layout and design of the development. The Sales Gallery is usually open daily for visitors to drop by and get a sense of what it feels like to live in the new condo. It’s a crucial component for developers to showcase their projects and attract interested buyers.
