Condo42 Upcoming New Launches In 2020/2021 (Land Price/Breakeven)
- by Sean
- August 27, 2020
- 4 min read
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|
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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