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WHAT IS SINGAPORE PROPERTY MARKET TREND?

Is the COVID-19 Pandemic affecting Singapore property market? In this pandemic period, is it a good time to buy a property in Singapore? Share your opinion with me at Contact 91822516 or have a good read from this news article dated 10 May 2020.

15 December 2021 – Singapore Government, Ministry of National Development (MND) announces new property cooling measures with higher ABSD rates, tighter loan limits. What is the property cooling measures that is in place?  Contact 91822516 for further discussion.

Rates and Computation on Additional Buyer’s Stamp Duty (ABSD)

 Profile of BuyerABSD Rates from 8 Dec 2011 to 11 Jan 2013ABSD Rates from 12 Jan 2013 to 5 Jul 2018ABSD Rates from 6 Jul 2018 to 15 Dec 2021ABSD Rates from 16 Dec 2021
Singapore Citizens (SC) buying first residential property1 Not applicable  Not applicable  Not applicable Not applicable
SC buying second residential property1 Not applicable  7%12%17%
SC buying third and subsequent residential property1 3% 10%15%25%
Singapore Permanent Residents (SPR) buying first residential property1 Not applicable  5% 5%5%
SPR buying second residential property1 3%  10% 15%25%
SPR buying third and subsequent residential property1 3%10%15%30%
Foreigners (FR) buying any residential property 10%15%  20%30%

WHAT ARE THE NEW CONDOMINIUM LAUNCHES …

These are some of the developments available for sale, Contact 91822516 for more information.

LocationDeveloperDevelopment NameLand Size$/psf ppr
Clementi Ave 1United Venture Development (Clementi) Pte Ltd – JV UOL Venture Investments Pte Ltd and UIC Homes Pte LtdClavon178,065 sqft / 16,542.7 sqm $788 psf ppr
Slim Barracks RiseJointly developed by Hong Leong Holdings and Mitsui Fudosan under One North DevelopmentOne-North Eden62,194 sqft / 5,778 sqm S$1001 psf ppr
Upper Serangoon RoadSingapore Press Holdings (SPH) and Kajima DevelopmentThe Woodleigh Residences & Woodleigh Mall273,842 sqft / 25,440 sqmS$1181 psf ppr
Pasir Ris Drive 8Allgreen Properties Ltd & Kerry Properties LtdPasir Ris 8409,071 sqft / 38,003 sqmS$648 psf ppr
Canberra DriveUnited Venture Development (2020) Pte LtdThe Watergardens at Canberra296,721 sqft / 27,566 sqmS$650 psf ppr
Canberra DriveOasis Development Pte LtdThe Commodore143,325 sqft / 13,315 sqmS$644 psf ppr

With En-bloc fever in Singapore, what are the private condominium property price in Singapore? There are 32 developments and almost 40 developments have been successfully en bloc in 2017 and 2018 respectively. Here is a list of some of the enbloc developments and its collective sale land price. Contact 91822516 for discussion on the successful en-bloc and its new development.

CONDOMINIUM LAUNCH FOR SALE FROM EN-BLOC LAND

LocationDeveloperFormer Development NameNew Development NameLand Price $/psf ppr
Hougang Avenue 7 Rio Casa Venture Pte Ltd (Joint Venture between Oxley Holdings Ltd, KSH Holdings Ltd, SLB Development Ltd and Apricot CapitalRio CasaRiverfront Residences S$706 psf ppr  
Normanton ParkKingsford Huray DevelopmentNormanton ParkNormanton Park S$969 psf ppr
Tampines Street 11Sim LianTampines CourtTreasure At TampinesS$676 psf ppr    
Rifle Range Road (in Bukit Timah)Citrine Property Pte Ltd (subsidiary of Oxley Holdings Limited)Mayfair Gardens Mayfair Gardens    Mayfair Modern S$1244 psf ppr  
Bukit Timah RoadALLGREEN PropertiesRoyalville (FH)RoyalgreenS$1960 psf ppr  
South Buona Vista RoadOxley HoldingsVista ParkKent Ridge Hill ResidencesS$1096 psf ppr 
Jalan Lempeng (Clementi)Singhaiyi PropertiesPark WestParc Clematis S$850 psf ppr
Leedon HeightsMCL Land & Yanlord LandTulip GardenLeedon GreenS$1790 psf ppr
Toh Tuck RoadQingjian Perennial (Bukit Timah) Pte LtdGood Luck GardenForett at Bukit TimahS$1210 psf ppr
Brookvale DriveHoi Hup Sunway Clementi Pte LtdBrookvale ParkKi ResidencesS$932 psf ppr

Here are new developments probably to be launch for sales in 2022. Contact 91822516 to register your interest on any of these new developments.

LocationDeveloperDevelopment NameLand Size$/psf ppr
Tanah Merah Kechil LinkMCC Land (Singapore)TBC8,880 sqm / 95,584 sqftS$930 psf ppr
Northumberland RoadMaximus Residential SGPiccadilly Grand8,732 sqm / 94,000 sqftS$1,129 psf ppr
Ang Mo Kio Avenue 1United Venture Development (2021)TBC12,679 sqm / 136,481 sqftS$1,117 psf ppr
Lentor CentralGLL D Lentor Modern17,279 sqm / 185,991 sqftS$1,204 psf ppr

Do you know one is not subject to ABSD when they buy a new executive condominium (EC) unit? Contact 91822516 for a discussion on EC eligibility and its benefit.

What are the list of executive condominium (EC) for sale in Singapore?

In 2022, what are the list of new executive condominium (EC) available for sale? They are namely OLA EC at Sengkang, Provence Residence EC at Canberra and Parc Greenwich EC at Fernvale Lane. Piermont Grand EC at Punggol, Parc Canberra EC at Canberra and Parc Central Residences EC at Tampines fully sold the development in 2021.

In September 2019, there is a change to executive condominium (EC) eligibility criteria. HDB increase the income ceiling from $14,000 to $16,000 gross monthly household income. Contact 91822516 for updated executive condominium (EC) eligibility criteria.

LocationDeveloperDevelopment NameLand SizeLand Cost $/psf ppr
Sumang Walk CDL Constellation and TID ResidentialPiermont Grand 27,056 sqm / 291,230 sqft  S$583 psf ppr
Canberra LinkHoi Hup Realty and Sunway DevelopmentsParc Canberra18,4040 sqm / 194,187 sqftS$558 psf ppr
Anchorvale Crescent Evia Real Estate and Gamuda (Singapore)OLA 17,137 sqm / 184,462 sqft S$576 psf ppr
Tampines Ave 10Hoi Hup Realty Pte Ltd and
Sunway Developments Pte Ltd
Parc Central Residences 24,938 sqm / 268,432 sqftS$578 psf ppr
Canberra LinkMCC Land (S) Pte LtdProvence Residence16,690 sqm / 176,651 sqftS$566 psf ppr
Fernvale LaneFCL Lodge Pte LtdParc Greenwich17,129 sqm / 184,386 sqftS$555 psf ppr

What are the upcoming executive condominium (EC) launching in Singapore?

Below is list of upcoming new executive condominium (EC) to be launch on/around 2022

LocationDeveloperDevelopment NameLand SizeLand Cost $/psf ppr
Yishun Avenue 9Sing Holdings LtdNorth Gaia21, 514 sqm / 231,576 sqftS$576 psf ppf
Tengah Garden WalkTaurus Properties
SG Pte. Ltd
TBA22,020.8 sqm / 237,031 sqftS$603 psf ppr
Tampines Street 62QJ-OS Pte. Ltd.
and Santarli Realty
Pte. Ltd.
TBA23,799 sqm / 256,175 sqftS$658 psf ppr

Should you be staying in Bukit Batok region and looking for executive condominium (EC) in that region, there is a good news to you. There will be upcoming executive condominium (EC) in Bukit Batok West Ave 8 and Ave 5 launching for sale on/around 2023. Contact 91822516 for further discussion.

DO YOU INTEND TO OWN A PROPERTY FOR OWN STAY OR INVESTMENT?

If you intend to own a property and live in it, your main considerations are most probably the location, your budget and comfortable unit size.  Alternatively, if you intend to own a property as an investment, your main concern should be the rental yield that the property can generate for you.

Allow me to present to you the current launches of executive condominium, private condominium and landed properties that suits your desire and intention.  Do feel free to  Contact 91822516 for a non-obligation presentation of the developments.

Upcoming new developments (Condominium)

If you are keen to know more upcoming new private development, Contact 91822516 for more information.

I am CEA registered property salesperson in Singapore. For more information about me, you may read more in this website.