42 Upcoming New Launches In 2020/2021 (Land Price/Breakeven)

Being the first major new launch since the start of the circuit breaker, it was no surprise that all eyes were on Forett at Bukit Timah during their launch weekend on 8th of August 2020.

For those competing developers keeping tabs, it wasn't just about the sales performance, but also on how the first ever virtual balloting would be carried out.

I would say by and large it was a success, with Forett at Bukit Timah selling 190 units or 30% of its total 633 units. Considering the situation, I think most people would agree that it is quite encouraging.

That said, it's too early to say we are out of the woods - particularly as the Government Covid-19 grants are still going on - with ongoing support extended until December. In other words, no one really knows the true impact of the pandemic as of yet.

But despite all that, sales will still have to go on because of the 5-year sale period for developers (although extended by 6 months because of Covid-19). So before we go into the list of upcoming new launches, here's a closer look at the pipeline supple of units in the next few years.

Expected Year Of Completion	Private Residential Units	EC	Total Units
2H2020	1,459	628	2,087
2021	12,932	-	12,932
2022	14,878	-	14,878
2023	16,265	1,864	18,129
2024	3,556	1,121	4,677
>2024	-	-	-
Total	49,090	3,613	52,703

So without further ado, here are the 42 upcoming new launches in 2020/2021!

42 Upcoming New Launches in 2020/2021

Project Name	Developer	District	Est Units	Tenure	Est Launch	Est Breakeven	Land Price	Site Area
77 @ East Coast	KTC Group	15	41	Freehold	July	$1,404	$29 million	13,123
Mooi Residences	Wenul HL	10	24	Freehold	July	-	$20.73 million	13,305
Cairnhill 16	Tsky	9	39	Freehold	24 July	$2,327	$72.6 million	15,408
Forett @ Bukit Timah	Qingjian Realty	21	633	Freehold	8 August	$1,636	$610 million	360,139
NoMa	Macly Group	14	51	Freehold	22 August	-	$20.55 million	12,839
The Verdale	CSC Land	21	258	99 years	August	$1,602	$215 million	153,223
Hyll on Holland	FEC Development	10	319	Freehold	September	$2,250	$407.3 million	138,105
Myra	SDB Asia	13	85	Freehold	September	-	$60.26 million	6,002
The Landmark	ZACD, SSL, MCC	3	390	99 years	September	$1,993	$343 million	60,821
Ki Residences	Hoi Hup Realty	21	660	999 years	September	$1,340	$556 million	373,008
Penrose	CDL, HL	14	566	99 years	September	$1,264	$383.5 million	174,648
The Linq @ Beauty World	BBR Holdings	21	120	Freehold	October	$1,821	$101.5 million	30,874
Clavon	UOL	5	640	99 years	October	$1,334	$493.1 million	178,064
Midtown Modern	Guocoland, HL	7	580	99 years	4th Qtr	$2,268	$800.19 million	124,118
One North Gateway	HL, Mitsui	5	165	99 years	4th Qtr	$1,601	$155.7 million	62,201
Normanton Park	Kingsford Huray	5	1,900	99 years	4th Qtr	$1,482	$830.1 million	660,999
Parc Central Residences (EC)	Hoi Hup Realty	18	695	99 years	4th Qtr	$978	$434.45 million	268,386
Perfect Ten	Japura Development	10	190	Freehold	4th Qtr	$2,510	$401.9 million	104,531
Grange 1866	Heeton Holdings	10	60	Freehold	2021	$2,250	-	20,326
The Ryse Residences	Allgreen	18	600	99 years	2021	$1,204	$700 million	409,072
Klimt Cairnhill	Low Keng Huat	9	200	Freehold	2021	$3,240	$362 million	43,103
Bernam Street	Hao Yuan Realty	2	325	99 years	2021	$2,178	$440.9 million	41,400
Canberra Link (EC)	MCC	27	385	99 years	2021	$963	$233.89 million	179,651
Jalan Bunga Rampai	Wee Hur Holdings	19	115	99 years	2021	$1,456	$93.39 million	50,231
14 Nassim Road	Shun Tak Holdings	10	14	Freehold	2021	$3,100	$218 million	66,452
Park Nova	Shun Tak Holdings	10	54	Freehold	2021	$3,755	$375.5 million	46,084
Irwell Bank	CDL	9	445	99 years	2021	$2,243	$583.9 million	137,633
Liang Court	CDL, CapitalLand	6	700	99 years	2021	-	$375.9 million	139,129
Canberra Drive Parcel A	Oasis Development	27	220	99 years	2021	$1,154	$129.2 million	143,326
Canberra Drive Parcel B	United Venture	27	455	99 years	2021	$1,162	$270.2 million	296,721
Fernvale Lane (EC)	Frasers Property	28	480	99 years	2021	$950	$286.54 million	184,386
Keppel Bay	Keppel Land	4	424	99 years	2021	-	-	327,223
Jewel @ Killiney Orchard	Lucrum Capital	9	-	Freehold	-	$2,935	$84.88 million	13,148
The Atelier	Bukit Sembawang	9	120	Freehold	-	$2,251	$168 million	41,582
Peak Residence	Tuan Sing, Rich Capital	11	90	Freehold	-	$2,081	$118.88 million	53,375
Liv @ MB	Bukit Sembawang	15	298	99 years	-	$1,847	$345 million	140,758
Rymden 77	Quek Hock Seng	15	31	Freehold	-	$1,673	$37.89 million	24,050
Former 2 - 14 Phoenix Road Apartments	CNQC Realty	23	-	99 years	-	$952	$42.6 million	63,002
Phoenix Villas	OKP Holdings	23	79	99 years	-	$1,043	$33.1 million	42,754
Amber Sea	Urban Park	15	132	Freehold	-	$1,550	$118.1 million	40,917
Royal Oak Residence	Far East Consortium	10	-	Freehold	-	$2,985	$196 million	49,040

As you can see from the table below, there are still quite a number of upcoming new launches planned for the rest of 2020.

Of the earlier upcoming new launches, the ones with the highest pull will definitely be the Penrose (next to Sims Urban Oasis), and Clavon (the land parcel next to Clement Canopy). These were both purchased at reasonable land prices, plus the mid-size of the developments are certainly attractive to potential home owners looking at the East and the West respectively.

It will also be interesting to see what price Amber Sea will be launched at, seeing as Far East Organization had purchased the existing development, Amber Glades way back in 2011.

Last but not least, seeing how sales volume in the CCR has dropped (partly attributed to the lack of foreigners coming in, hence the pullback on new launches). It remains to be seen how the already launched Cairnhill 16 will perform, and what stance competing luxury projects like Perfect Ten or Park Nova will be taking moving forward.

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