Ultimate New Launch Cheat Sheet 2020 (Land Price, PSF PPR, Take Up Rate)
If you are in the market for a new launch condo in Singapore you really could not have chosen a better time. After the crazed en bloc frenzy in 17/18, it is almost like a new launch buffet from the plethora of new launches stemming from 2019.
And 2020 is no different by any means.
In order to help you on your home buying journey, we have gathered all the new launches that are available (and coming up) into one ultimate new launch cheat sheet.
Here at Stacked, we like to value-add as much as possible. And so after painstakingly sourcing for all the important info and penning it down, we sincerely hope that it will help you make a better buyer’s choice.
The buyer’s path isn’t the easiest by far, so if you feel like you need some advice along the way, feel free to drop us a message at hello@stackedhomes anytime!
Cue the Cheat Sheet.
Past performance is a useful signal, but it’s not a forecast. The projects that outperformed over the last cycle aren’t guaranteed to do so again, and the reasons they outperformed may no longer apply.
The more useful question is whether a particular property still makes sense at today’s price, given your budget, objectives and timeline. That’s where many buyers find it helpful to get a second opinion.
Over time, that’s also why we decided to work with agents who shared the same data-driven and advisory-led approach behind our editorial, consultants who could help readers think through decisions more objectively, rather than simply push transactions.
Today, the team has worked with more than 2,000 clients across over $5B in property transactions.
Ultimate New Launch Cheat Sheet
For 2020
| Project Name | Take up rate | GFA (Sqft) | Est Breakeven |
|---|---|---|---|
| The Line @ Tanjong Rhu | 43% | 134,753 | $1,635 |
| Kallang Riverside | 94% | 250,975 | – |
| The Crest | 94% | 575,293 | $1,397 |
| Marina One Residences | 60% | 80,450,172 | – |
| Queens Peak | 96% | 593,479 | $1,336 |
| Grandeur Park Residences | 98% | 590,013 | $1,210 |
| Seaside Residences | 92% | 778,391 | $1,321 |
| Artra | 92% | 473,975 | $1,313 |
| Martin Modern | 84% | 513,929 | $1,757 |
| Le Quest | 87% | 507,813 | $1,066 |
| Kandis Residence | 69% | 113,607 | $890 |
| Parc Botannia | 95% | 594,182 | $931 |
| ParkSuites | 19% | 149,622 | $1,750 |
| 8 Hullet | 84% | 212,231 | $2,711 |
| The Tapestry | 82% | 700,372 | $987 |
| Twin Vew | 89% | 528,187 | $1,016 |
| Amber 45 | 82% | 156,970 | $1,556 |
| Margaret Ville | 91% | 255,628 | $1,481 |
| The Garden Residences | 39% | 494,937 | $1,443 |
| 120 Grange | 80% | 35,462 | $2,014 |
| Affinity at Serangoon | 63% | 831,361 | $1,325 |
| Park Colonial | 88% | 675,391 | $1,609 |
| Stirling Residences | 73% | 1,021,131 | $1,542 |
| Daintree Residence | 24% | 301,491 | $1,414 |
| Riverfront Residences | 83% | 1,187,108 | $1,147 |
| Mont Botanik Residence | 45% | 89,409 | $1,021 |
| The Tre Ver | 89% | 2,224,191 | $1,250 |
| Casa Al Mare | 29% | 39,424 | – |
| The Jovell | 26% | 363,673 | – |
| Jadescape | 47% | 1,292,331 | $1,027 |
| Bukit 828 | 50% | 27,446 | $1,098 |
| Jui Residences | 64% | 94,984 | $1,237 |
| 3 Cuscaden | 84% | 64,589 | $2,428 |
| The Woodleigh Residences | 28% | 1,026,280 | $1,691 |
| Kent Ridge Hill Residences | 50% | 478,536 | $1,594 |
| Whistler Grand | 64% | 631,809 | $1,255 |
| Parc Esta | 73% | 1,638,912 | $1,381 |
| Petit Jervois | 4% | 49,813 | $1,911 |
| Fourth Avenue Residences | 24% | 425,878 | $2,101 |
| RV Altitude | 26% | 80,852 | $2,253 |
| Fyve Derbyshire | 27% | 56,044 | $1,930 |
| One Meyer | 29% | 52,554 | $1,952 |
| 35 Gilstead | 41% | 56,965 | $2,214 |
| Treasure @ Tampines | 40% | 4,207,231 | $1,113 |
| The Essence | 27% | 69,058 | $1,076 |
| Rezi 24 | 40% | 78,456 | $1,276 |
| Florence Residences | 40% | 3,293,718 | $1,303 |
| Nyon | 23% | 67,814 | $1,738 |
| Boulevard 88 | 58% | 565,147 | – |
| 1953 | 53% | 57,564 | $1,436 |
| Mayfair Gardens | 75% | 146,639 | $1,762 |
| Mayfair Modern | 29% | 135,249 | $1,762 |
| Coastline Residences | 19% | 116,809 | $2,100 |
| Wilshire Residences | 12% | 66,985 | $2,004 |
| The Lilium | 3% | 81,439 | $1,589 |
| The Gazania | 10% | 218,876 | $1,856 |
| Jervois Prive | 0% | 39,988 | $2,171 |
| Juniper Hill | 10% | 103,541 | $2,444 |
| Amber Park | 32% | 619,981 | $2,073 |
| Parc Komo | 41% | 302,896 | $1,356 |
| Riviere | 11% | 584,277 | $2,321 |
| Meyerhouse | 9% | 164,226 | $1,974 |
| Olloi | 29% | 39,654 | $1,466 |
| The Hyde | 12% | 62,770 | $2,600 |
| Lattice One | 58% | 36,049 | $1,173 |
| Sky Everton | 72% | 213,233 | $2,130 |
| Sloane Residences | 8% | 52,830 | $2,188 |
| View at Kismis | 28% | 136,101 | $1,319 |
| One Pearl Bank | 33% | 634,953 | $2,191 |
| Dunearn 386 | 11% | 28,770 | $1,907 |
| Haus on Handy | 17% | 154,667 | $2,310 |
| Jervois Treasures | 3% | 29,680 | $2,265 |
| Parc Clematis | 36% | 1,450,753 | $1,312 |
| Uptown @ Farrer | 19% | 155,404 | $1,484 |
| Cuscaden Reserve | 2% | 122,580 | $3,059 |
| Avenue South Residence | 42% | 1,056,190 | $1,641 |
| Meyer Mansion | 13% | 255,410 | $1,873 |
| The Antares | 10% | 234,022 | $1,608 |
| RoyalGreen | 17% | 260,938 | $2,581 |
| Midwood | 4% | 467,088 | $1,561 |
| Midtown Bay | 18% | 1,036,968 | $2,291 |
| Neu @ Novena | 75% | 66,663 | $2,024 |
| Parkwood Collection | 6% | 128,672 | $1,017 |
| Urban Treasures | 8% | 191,304 | $1,619 |
| The Iveria | 26% | 43,662 | $2,011 |
| One Holland Village Residences | 40% | 691,619 | $2,498 |
| Sengkang Grand Residences | 35% | 1,309,423 | $1,396 |
| Dairy Farm Residences | 8% | 490,019 | $1,355 |
| Pullman Residences | 2% | 285,470 | $2,445 |
| Van Holland | 20% | 35,715 | $2,216 |
| Leedon Green | 5% | 507,940 | $2,387 |
| The Avenir | 6% | 384,208 | $2,406 |
| One Normanton Park | 0% | 1,904,112 | $1,448 |
| Former Cairnhill Mansions | 0% | 129,121 | $3,165 |
| The Atelier | 0% | 129,064 | $2,199 |
| Former Chancery Court | 0% | 388,182 | $2,181 |
| Former Phoenix Heights | 0% | 63,979 | $1,019 |
| Belgravia Green | 0% | 204,572 | – |
| Nim Collection | 0% | 0 | – |
Why You Need To Know (Land Price, PSF PPR, Take Up Rate)
I’m sure many of you would have seen these terms (land price, PSF PPR, take up rate) in the news before. With terms like these bandied about constantly, it’s important to know these figures so that you can have a better understanding of the market. Here are a couple of reasons why:
- Find out the breakeven price
It’s important to find out the breakeven price so that you know how much leeway a developer has to play around with.
Let’s take the Queens Peak for example.
First, you’ll need the land price, site area, and plot ratio. Next, you have to multiply the site area with the plot ratio which gives you your gross floor area (GFA).
From this, you can add in a bonus GFA cap for balconies which has been reduced to 7%. It’s still possible to achieve the 10% bonus GFA beyond the Master Plan-allowable Gross Plot Ratio by qualifying for other incentive schemes like the Green Mark Bonus GFA Scheme or the new Indoor Recreation Space Bonus GFA Scheme. In this case, however, we have incorporated a 7% figure.
| Item | Amount |
| Land Price | $483.18 million |
| Site Area (Sqm) | 10,516 |
| Plot Ratio | 4.9 |
| GFA + Bonus Area | 593,479 |
Thereafter, you’ll need to work out all the other costs.
- Construction costs: Design/material/construction
- Admin expenses: Staff/office
- Marketing: Showflat construction/commission for agencies/advertisements/lawyer fees
- Finance: Interest expenses for borrowings
| Item | Amount |
| Construction | $166.7m |
| Land Financing | $42.35m |
| Legal/Taxes | $69.92m |
| Marketing | $8.35m |
| Est Total | $770.55m |
| Est Breakeven | $1,298.36 |
It’s worth noting here that construction costs can vary a lot, especially when it comes to luxury developments. For the sake of simplicity, we took an average construction cost of $300 PSF and applied it to all. But for most luxury developments, you can expect construction costs of $450 PSF and above.
- Estimate the price of the new launch
Leading on from the breakeven price, you can very easily find out the estimated price of the new launch by adding in a profit margin from the breakeven price earlier. Most developers will be looking for a return of investment of about 25 to 35 per cent in today’s market – this has dwindled down from the 40 to 50 per cent in earlier years.
In this example, the Queens Peak has an estimated breakeven of $1,298.36 PSF. From here we are able to guesstimate how much the new development would be launched at. (Of course, Queens Peak is already launched). Don’t expect it to be 100% accurate, it’s really just to give you an idea of the rough price.
So at a launch price of $1,800 PSF commands a very decent 38.64% margin for the developers.
- Decipher from the take up rate
The take up rate is an important figure to know so that you can judge the demand of the property. If a new launch sells 75% of its units in 3 months naturally you can derive that it is very popular, and price increases can be expected. Whereas if a new launch is at less than a 10% take up rate even after a year, you can bank on some carrots to be dangled to attract buyers to the property.
Now that you know some of the importance of these figures, let’s get right into our new launch cheat sheet!
New Launch Cheat Sheet 2020
1. The Line @ Tanjong Rhu
The Line @ Tanjong Rhu is a freehold condo that was launched in August 2012. At a land cost of $146 million, the estimated break-even price will be around $1,635 PSF. It currently has a take up rate of 43.1% in the 7 years and 6 months since launch.
2. Kallang Riverside
The Kallang Riverside is a freehold condo that was launched in June 2014. It currently has a take up rate of 94.3% in the 5 years 8 months since launch.
3. The Crest
The Crest is a 99-year leasehold condo that was launched in July 2014. At a land cost of $516.3 million, the estimated break-even price will be around $1,397 PSF. It currently has a take up rate of 41.6% in the 5 years and 7 months since launch.
4. Marina One Residences
Marina One Residences is a 99-year leasehold condo that was launched in October 2014. It currently has a take up rate of 60.3% in the 5 years and 4 months since launch.
View Marina One Residences review
5. Queens Peak
Queens Peak is a 99-year leasehold condo that was launched in November 2016. At a land cost of $483.18 million, the estimated break-even price will be around $1,336 PSF. It currently has a take up rate of 96.3% in the 3 years and 3 months since launch.
6. Grandeur Park Residences
Grandeur Park Residences is a 99-year leasehold condo that was launched in March 2017. At a land cost of $483.18 million, the estimated break-even price will be around $1,210 PSF. It currently has a take up rate of 96.3% in the 3 years and 3 months since launch.
7. Seaside Residences
Seaside Residences is a 99-year leasehold condo that was launched in April 2017. At a land cost of $624.18 million, the estimated break-even price will be around $1,321 PSF. It currently has a take up rate of 92.2% in the 2 years and 10 months since launch.
8. Artra
Artra is a 99-year leasehold condo that was launched in April 2017. At a land cost of $376.88 million, the estimated break-even price will be around $1,313 PSF. It currently has a take up rate of 92% in the 2 years and 10 months since launch.
9. Martin Modern
Martin Modern is a 99-year leasehold condo that was launched in July 2017. At a land cost of $595.1 million, the estimated break-even price will be around $1,757 PSF. It currently has a take up rate of 84.2% in the 2 years and 7 months since launch.
10. Le Quest
Le Quest is a 99-year leasehold condo that was launched in August 2017. At a land cost of $301 million, the estimated break-even price will be around $1,066 PSF. It currently has a take up rate of 87.2% in the 2 years and 6 months since launch.
11. Kandis Residence
Kandis Residence is a 99-year leasehold condo that was launched in September 2017. At a land cost of $51.1 million, the estimated break-even price will be around $890 PSF. It currently has a take up rate of 69.2% in the 2 years and 5 months since launch.
12. Parc Botannia
Parc Botannia is a 99-year leasehold condo that was launched in November 2017. At a land cost of $287.1 million, the estimated break-even price will be around $931 PSF. It currently has a take up rate of 94.7% in the 2 years and 3 months since launch.
13. Parksuites
Parksuites is a 99-year leasehold condo that was launched in February 2018. At a land cost of $175.9 million, the estimated break-even price will be around $1,750 PSF. It currently has a take up rate of 18.5% in the 2 years since launch.
14. 8 Hullet
8 Hullet is a freehold condo that was launched in March 2018. At a land cost of $38.2 million, the estimated break-even price will be around $2,711 PSF. It currently has a take up rate of 84.1% in the 1 year and 11 months since launch.
15. The Tapestry
The Tapestry is a 99-year leasehold condo that was launched in March 2018. At a land cost of $370.1 million, the estimated break-even price will be around $987 PSF. It currently has a take up rate of 81.5% in the 1 year and 11 months since launch.
16. Twin Vew
Twin Vew is a 99-year leasehold condo that was launched in May 2018. At a land cost of $291.99 million, the estimated break-even price will be around $1,016 PSF. It currently has a take up rate of 88.5% in the 1 year and 9 months since launch.
17. Amber 45
Amber 45 is a freehold condo that was launched in May 2018. At a land cost of $156 million, the estimated break-even price will be around $1,556 PSF. It currently has a take up rate of 82% in the 1 year and 9 months since launch.
18. Margaret Ville
Margaret Ville is a 99-year leasehold condo that was launched in June 2018. At a land cost of $238.39 million, the estimated break-even price will be around $1,481 PSF. It currently has a take up rate of 90.9% in the 1 year and 8 months since launch.
19. The Garden Residences
The Garden Residences is a 99-year leasehold condo that was launched in June 2018. At a land cost of $446.28 million, the estimated break-even price will be around $1,443 PSF. It currently has a take up rate of 38.8% in the 1 year and 8 months since launch.
20. 120 Grange
120 Grange is a freehold condo that was launched in June 2018. At a land cost of $48.5 million, the estimated break-even price will be around $2,014 PSF. It currently has a take up rate of 80.4% in the 1 year and 8 months since launch.
21. Affinity at Serangoon
Affinity at Serangoon is a 99-year leasehold condo that was launched in June 2018. At a land cost of $499 million, the estimated break-even price will be around $1,295 PSF. It currently has a take up rate of 62.6% in the 1 year and 8 months since launch.
22. Park Colonial
Park Colonial is a 99-year leasehold condo that was launched in July 2018. At a land cost of $700.7 million, the estimated break-even price will be around $1,609 PSF. It currently has a take up rate of 87.7% in the 1 year and 7 months since launch.
23. Stirling Residences
Stirling Residences is a 99-year leasehold condo that was launched in July 2018. At a land cost of $1.003 billion, the estimated break-even price will be around $1,542 PSF. It currently has a take up rate of 72.5% in the 1 year and 7 months since launch.
24. Daintree Residence
Daintree Residences is a 99-year leasehold condo that was launched in July 2018. At a land cost of $265 million, the estimated break-even price will be around $1,414 PSF. It currently has a take up rate of 23.5% in the 1 year and 7 months since launch.
25. Riverfront Residences
Riverfront Residences is a 99-year leasehold condo that was launched in July 2018. At a land cost of $575 million, the estimated break-even price will be around $1,147 PSF. It currently has a take up rate of 82.5% in the 1 year and 7 months since launch.
26. Mont Botanik Residence
Mont Botanik Residence is a freehold condo that was launched in August 2018. At a land cost of $47.8 million, the estimated break-even price will be around $1,021 PSF. It currently has a take up rate of 45.4% in the 1 year and 6 months since launch.
27. The Tre Ver
The Tre Ver is a 99-year leasehold condo that was launched in August 2018. At a land cost of $334.2 million, the estimated break-even price will be around $1,250 PSF. It currently has a take up rate of 89% in the 1 year and 6 months since launch.
28. Casa Al Mare
Casa Al Mare is a freehold condo that was launched in August 2018. It currently has a take up rate of 28.6% in the 1 years and 6 months since launch.
29. The Jovell
The Jovell is a 99-year leasehold condo that was launched in September 2018. It currently has a take-up rate of 25.7% in the 1 year and 5 months since launch.
30. Jadescape
Jadescape is a 99-year leasehold condo that was launched in September 2018. At a land cost of $638 million, the estimated break-even price will be around $1,027 PSF. It currently has a take up rate of 47.3% in the 1 year and 5 months since launch.
31. Bukit 828
Bukit 828 is a freehold condo that was launched in September 2018. At a land cost of $17 million, the estimated break-even price will be around $1,098 PSF. It currently has a take up rate of 50% in the 1 year and 5 months since launch.
32. Jui Residences
Jui Residences is a freehold condo that was launched in September 2018. At a land cost of $47 million, the estimated break-even price will be around $1,237 PSF. It currently has a take up rate of 64.1% in the 1 years and 5 months since launch.
33. 3 Cuscaden
3 Cuscaden is a freehold condo that was launched in November 2018. At a land cost of $110.23 million, the estimated break-even price will be around $2,428 PSF. It currently has a take up rate of 84.4% in the 1 year and 3 months since launch.
34. The Woodleigh Residences
The Woodleigh Residences is a 99-year leasehold condo that was launched in November 2018. At a land cost of $1.13 billion, the estimated break-even price will be around $1,691 PSF. It currently has a take up rate of 27.6% in the 1 year and 3 months since launch.
35. Kent Ridge Hill Residences
Kent Ridge Hill Residences is a 99-year leasehold condo that was launched in November 2018. At a land cost of $490 million, the estimated break-even price will be around $1,594 PSF. It currently has a take up rate of 50.2% in the 1 year and 3 months since launch.
36. Whistler Grand
Whistler Grand is a 99-year leasehold condo that was launched in November 2018. At a land cost of $472.4 million, the estimated break-even price will be around $1,255 PSF. It currently has a take up rate of 63.7% in the 1 year and 3 months since launch.
37. Parc Esta
Parc Esta is a 99-year leasehold condo that was launched in November 2018. At a land cost of $959 million, the estimated break-even price will be around $1,381 PSF. It currently has a take up rate of 72.6% in the 1 year and 3 months since launch.
38. Petit Jervois
Petit Jervois is a freehold condo that was launched in November 2018. At a land cost of $72 million, the estimated break-even price will be around $1,911 PSF. It currently has a take up rate of 3.6% in the 1 year and 3 months since launch.
39. Fourth Avenue Residences
Fourth Avenue Residences is a 99-year leasehold condo that was launched in January 2019. At a land cost of $553 million, the estimated break-even price will be around $2,101 PSF. It currently has a take up rate of 23.7% in the 1 year and 1 month since launch.
View the Fourth Avenue Residences review
40. RV Altitude
RV Altitude is a freehold condo that was launched in January 2019. At a land cost of $127.6 million, the estimated break-even price will be around $2,253 PSF. It currently has a take up rate of 25.7% in the 1 year and 1 month since launch.
41. Fyve Derbyshire
Fyve Derbyshire is a freehold condo that was launched in January 2019. At a land cost of $73.88 million, the estimated break-even price will be around $1,930 PSF. It currently has a take up rate of 26.8% in the 1 year and 1 month since launch.
42. One Meyer
One Meyer is a freehold condo that was launched in March 2019. At a land cost of $69.1 million, the estimated break-even price will be around $1,952 PSF. It currently has a take up rate of 28.8% in the 11 months since launch.
43. 35 Gilstead
35 Gilstead is a freehold condo that was launched in March 2019. At a land cost of $72 million, the estimated break-even price will be around $2,214 PSF. It currently has a take up rate of 41.4% in the 11 months since launch.
44. Treasure @ Tampines
Treasure @ Tampines is a 99-year leasehold condo that was launched in March 2019. At a land cost of $970 million, the estimated break-even price will be around $1,113 PSF. It currently has a take up rate of 39.7% in the 11 months since launch.
45. The Essence
The Essence is a 99-year leasehold condo that was launched in March 2019. At a land cost of $27.4 million, the estimated break-even price will be around $1,076 PSF. It currently has a take up rate of 27.4% in the 11 months since launch.
46. Rezi 24
Rezi 24 is a freehold condo that was launched in March 2019. At a land cost of $60 million, the estimated break-even price will be around $1,276 PSF. It currently has a take up rate of 40% in the 11 months since launch.
47. Florence Residences
Florence Residences is a 99-year leasehold condo that was launched in March 2019. At a land cost of $629 million, the estimated break-even price will be around $1,303 PSF. It currently has a take up rate of 39.8% in the 11 months since launch.
48. Nyon
Nyon is a freehold condo that was launched in March 2019. At a land cost of $80 million, the estimated break-even price will be around $1,738 PSF. It currently has a take up rate of 22.8% in the 11 months since launch.
49. Boulevard 88
Boulevard 88 is a freehold condo that was launched in March. It currently has a take up rate of 57.8% in the 11 months since launch.
50. 1953
1953 is a freehold condo that was launched in March 2019. At a land cost of $53.2 million, the estimated break-even price will be around $1,436 PSF. It currently has a take up rate of 53.4% in the 11 months since launch.
51. Mayfair Gardens
Mayfair Gardens is a 99-year leasehold condo that was launched in April 2019. At a land cost of $188.76 million, the estimated break-even price will be around $1,762 PSF. It currently has a take up rate of 75.3% in the 10 months since launch.
52. Mayfair Modern
Mayfair Modern is a 99-year leasehold condo that was launched in April 2019. At a land cost of $174.24 million, the estimated break-even price will be around $1,762 PSF. It currently has a take up rate of 29.2% in the 10 months since launch.
53. Coastline Residences
Coastline Residences is a freehold condo that was launched in April 2019. At a land cost of $146.99 million, the estimated break-even price will be around $2,100 PSF. It currently has a take up rate of 19.4% in the 10 months since launch.
54. Wilshire Residences
Wilshire Residences is a freehold condo that was launched in April 2019. At a land cost of $98.8 million, the estimated break-even price will be around $2,004 PSF. It currently has a take up rate of 96.3% in the 3 years and 3 months since launch.
55. The Lilium
The Lilium is a freehold condo that was launched in May 2019. At a land cost of $84.01 million, the estimated break-even price will be around $1,589 PSF. It currently has a take up rate of 2.5% in the 9 months since launch.
56. The Gazania
The Gazania is a freehold condo that was launched in May 2019. At a land cost of $271 million, the estimated break-even price will be around $1,856 PSF. It currently has a take up rate of 9.6% in the 9 months since launch.
57. Jervois Prive
Jervois Prive is a freehold condo that was launched in May 2019. At a land cost of $52.9 million, the estimated break-even price will be around $2,171 PSF.
58. Juniper Hill
Juniper Hill is a freehold condo that was launched in May 2019. At a land cost of $180.65 million, the estimated break-even price will be around $2,444 PSF. It currently has a take up rate of 9.6% in the 9 months since launch.
59. Amber Park
Amber Park is a freehold condo that was launched in May 2019. At a land cost of $906.7 million, the estimated break-even price will be around $2,073 PSF. It currently has a take up rate of 32.4% in the 9 months since launch.
60. Parc Komo
Parc Komo is a freehold condo that was launched in May 2019. At a land cost of $248.8 million, the estimated break-even price will be around $1,356 PSF. It currently has a take up rate of 40.6% in the 9 months since launch.
61. Riviere
Riviere is a 99-year leasehold condo that was launched in May 2019. At a land cost of $955.4 million, the estimated break-even price will be around $2,321 PSF. It currently has a take up rate of 10.8% in the 9 months since launch.
62. Meyerhouse
Meyerhouse is a freehold condo that was launched in May 2019. At a land cost of $201.1 million, the estimated break-even price will be around $1,974 PSF. It currently has a take up rate of 8.9% in the 9 months since launch.
63. Olloi
Olloi is a freehold condo that was launched in May 2019. At a land cost of $37.6 million, the estimated break-even price will be around $1,466 PSF. It currently has a take up rate of 29.4% in the 9 months since launch.
64. The Hyde
The Hyde is a freehold condo that was launched in May 2019. At a land cost of $73.8 million, the estimated break-even price will be around $2,600 PSF. It currently has a take up rate of 12% in the 9 months since launch.
65. Lattice One
Lattice One is a freehold condo that was launched in June 2019. At a land cost of $25.74 million, the estimated break-even price will be around $1,173 PSF. It currently has a take up rate of 58.3% in the 8 months since launch.
66. Sky Everton
Sky Everton is a freehold condo that was launched in June 2019. At a land cost of $338 million, the estimated break-even price will be around $2,130 PSF. It currently has a take up rate of 71.8% in the 8 months since launch.
67. Sloane Residences
Sloane Residences is a freehold condo that was launched in June 2019. At a land cost of $80.5 million, the estimated break-even price will be around $2,188 PSF. It currently has a take up rate of 7.7% in the 8 months since launch.
68. View at Kismis
View at Kismis is a 99-year leasehold condo that was launched in July 2019. At a land cost of $102.75 million, the estimated break-even price will be around $1,319 PSF. It currently has a take up rate of 28% in the 7 months since launch.
69. One Pearl Bank
One Pearl Bank is a 99-year leasehold condo that was launched in July 2019. At a land cost of $929.4 million, the estimated break-even price will be around $2,191 PSF. It currently has a take up rate of 32.7% in the 7 months since launch.
70. Dunearn 386
Dunearn 386 is a freehold condo that was launched in July 2019. At a land cost of $36.3 million, the estimated break-even price will be around $1,907 PSF. It currently has a take up rate of 11.4% in the 7 months since launch.
71. Haus on Handy
Haus on Handy is a 99-year leasehold condo that was launched in July 2019. At a land cost of $212.2 million, the estimated break-even price will be around $2,310 PSF. It currently has a take up rate of 16.5% in the 7 months since launch.
72. Jervois Treasures
Jervois Treasures is a freehold condo that was launched in July 2019. At a land cost of $46.3 million, the estimated break-even price will be around $2,265 PSF. It currently has a take up rate of 2.8% in the 7 months since launch.
73. Parc Clematis
Parc Clematis is a 99-year leasehold condo that was launched in August 2019. At a land cost of $840.9 million, the estimated break-even price will be around $1,312 PSF. It currently has a take up rate of 36% in the 6 months since launch.
74. Uptown @ Farrer
Uptown @ Farrer is a 99-year leasehold condo that was launched in September 2019. At a land cost of $174.08 million, the estimated break-even price will be around $1,484 PSF. It currently has a take up rate of 19% in the 5 months since launch.
75. Cuscaden Reserve
Cuscaden Reserve is a 99-year leasehold condo that was launched in September 2019. At a land cost of $410 million, the estimated break-even price will be around $3,059 PSF. It currently has a take up rate of 2.1% in the 5 months since launch.
76. Avenue South Residence
Avenue South Residence is a 99-year leasehold condo that was launched in September 2019. At a land cost of $1.035 billion, the estimated break-even price will be around $1,641 PSF. It currently has a take up rate of 41.5% in the 5 months since launch.
View Avenue South Residence review
77. Meyer Mansion
Meyer Mansion is a freehold condo that was launched in September 2019. At a land cost of $319.88 million, the estimated break-even price will be around $1,873 PSF. It currently has a take up rate of 13% in the 5 months since launch.
78. The Antares
The Antares is a 99-year leasehold condo that was launched in September 2019. At a land cost of $223 million, the estimated break-even price will be around $1,608 PSF. It currently has a take up rate of 10.2% in the 5 months since launch.
79. RoyalGreen
RoyalGreen is a freehold condo that was launched in October 2019. At a land cost of $477.94 million, the estimated break-even price will be around $2,581 PSF. It currently has a take up rate of 17.2% in the 4 months since launch.
80. Midwood
Midwood is a 99-year leasehold condo that was launched in October 2019. At a land cost of $460 million, the estimated break-even price will be around $1,561 PSF. It currently has a take up rate of 3.7% in the 4 months since launch.
81. Midtown Bay
Midtown Bay is a 99-year leasehold condo that was launched in October 2019. At a land cost of $1.62 billion, the estimated break-even price will be around $2,291 PSF. It currently has a take up rate of 17.8% in the 4 months since launch.
82. Neu @ Novena
Neu @ Novena is a freehold condo that was launched in October 2019. At a land cost of $106 million, the estimated break-even price will be around $2,024 PSF. It currently has a take up rate of 74.7% in the 4 months since launch.
83. Parkwood Collection
Parkwood Collection is a 99-year leasehold condo that was launched in November 2019. At a land cost of $75.8 million, it currently has a take up rate of 5.7% in the 3 months since launch.
84. Urban Treasures
Urban Treasures is a freehold condo that was launched in November 2019. At a land cost of $220 million, the estimated break-even price will be around $1,619 PSF. It currently has a take up rate of 7.6% in the 3 months since launch.
85. The Iveria
The Iveria is a freehold condo that was launched in November 2019. At a land cost of $72 million, the estimated break-even price will be around $2,011 PSF. It currently has a take up rate of 25.5% in the 3 months since launch.
86. One Holland Village Residences
One Holland Village Residences is a 99-year leasehold condo that was launched in November 2019. At a land cost of $1.213 billion, the estimated break-even price will be around $2,498 PSF. It currently has a take up rate of 39.9% in the 3 months since launch.
View the One Holland Village Residences review
87. Sengkang Grand Residences
Sengkang Grand Residences is a 99-year leasehold condo that was launched in November 2019. At a land cost of $777.78 million, the estimated break-even price will be around $1,396 PSF. It currently has a take up rate of 34.6% in the 3 months since launch.
View the Sengkang Grand Residences review
88. Dairy Farm Residences
Dairy Farm Residences is a 99-year leasehold condo that was launched in November 2019. At a land cost of $368.8 million, the estimated break-even price will be around $1,355 PSF. It currently has a take up rate of 7.6% in the 3 months since launch.
89. Pullman Residences
Pullman Residences is a freehold condo that was launched in November 2019. At a land cost of $468 million, the estimated break-even price will be around $2,445 PSF. It currently has a take up rate of 2.1% in the 3 months since launch.
90. Van Holland
Van Holland is a freehold condo that was launched in January 2020. At a land cost of $120.43 million, the estimated break-even price will be around $2,216 PSF. It currently has a take up rate of 20% in the 1 month since launch.
91. Leedon Green
Leedon Green is a freehold condo that was launched in January 2020. At a land cost of $906.9 million, the estimated break-even price will be around $2,387 PSF. It currently has a take up rate of 5.2% in the 1 month since launch.
92. The Avenir
The Avenir is a freehold condo that was launched in January 2020. At a land cost of $980 million, the estimated break-even price will be around $2,406 PSF. It currently has a take up rate of 6.1% in the 1 month since launch.
Bonus: Upcoming New Launches in 2020
Historical performance is a useful signal, but it isn’t a forecast. The conditions that drove strong returns in one cycle aren’t always present in the next.
That’s why the more useful question is whether a specific property still represents the right purchase at today’s price, not simply whether it performed well in the past.
If you’d like to discuss how this applies to your own circumstances, you can reach out for a one-to-one consultation here.
And if you simply have a question or want to share a thought, feel free to write to us at stories@stackedhomes.com. We read every message.
Frequently asked questions
Why is it important to know the land price and take-up rate of a new condo launch in Singapore?
How can I estimate the breakeven price of a new condo project?
What does a high take-up rate indicate about a new condo launch?
How do developers determine the launch price of a new condo?
What is the significance of the PSF PPR in property market analysis?
3 Comments
Thanks for sharing this cheat sheet!
None of the figures in the worked example using Queens Peak makes sense, from the calculation of GFA using site area and GPR to the figures used in calculating est breakeven cost…