New Property Year End Launches

As the year end approaches, real estate developers continue to be ready to release more new landed and non-landed projects with thousands of homes scheduled for launch. Below are some private projects that may be launch soon : – The Whitley Residences, a strata houses project in Whitley Road – Liberte in Sarkies Road, near to Newton MRT station – Village @ Pasir Panjang, a condo project in the west – Echelon @ Alexandra near Redhill MRT station – Spottiswoode Suites just outside CBD Below are some EC projects that may be launch soon : – CityLife @ Tampines – Forestville in Woodlands – The Topiary in Sengkang The Whitley Residences in district 11 are expected to be launched at $850 psf and above. It consists of 58 strata semi-detached homes of 5,199 – 7,104 sq ft and 3 strata terraced houses of 4,801 – 6,620 sq ft. The highly anticipated Sennett Residence in Potong Pasir will be preview in Jan 2013. This project has 338 units of 1 to 5 bedrooms units and penthouses. It has three 18-storey towers and one 5-storey block within the development and is expected to price from $1,400 psf. Home buying sentiment for 2012 is good as we are on course to a home sales record year which entice developers to carry on with the sales momentum. From Jan to Oct 2012, 19,507 private homes were sold which are much higher than the 16,292 units sold for the year 2011. Taking for past experience, some analysts expect prices at new launches may stabilise during this period given the new cooling measures. However, prices may move north again in the Q2 or Q3 2013 after this digestion period. 5 Dec 2012