At the end of every year and as we approach the upcoming new year, there are always exciting things to look forward to. In the local property market, one of the most exciting things that we often look forward to is the upcoming new launch condominiums.
After all, as part of the Singaporean dream, a condo is not just a house - it signifies a higher class of living, a valuable investment asset and as a heirloom home for the next generation.
New launches in recent times have become interesting prospects, being developed in non-traditional areas that have recently become more accessible due to developments in our country’s infrastructure development. A prominent example that comes to mind is the Lentor neighbourhood, which has seen rapid growth in recent years with new launches such as Lentor Modern and Lentor Hills Residences.
For those of you who are interested in the upcoming new launch prospects, here is a list of 5 upcoming developments across 2024 to take note of - arranged by prospective launch date.
Lentor Mansion
Located in the previously mentioned up and coming Lentor area, Lentor Mansion will be developed in place of the previous Lentor Gardens GLS land plot.
The Lentor neighbourhood is known for being a nice, quiet private housing enclave situated near the CTE and SLE as well as being connected via the Thomson East-Coast Line, and it provides fantastic opportunities for investors looking to strike gold in the next exclusive growth region due to first mover’s advantage.
Lentor Mansion is estimated to launch early in the year, around February 2024.
Newport Residences
As part of the government’s CBD Incentive Scheme, Fuji Xerox Towers has been en-bloced and redeveloped into a CCR new launch, Newport Residences.
The project would be a high-rise (45 storey) mixed use development in the heart of District 2, within walking distance of Tanjong Pagar and the upcoming Prince Edward Rd and Cantonment MRT stations. As expected, one can enjoy all the conveniences to lifestyle and work locations within the CBD as well.
The Shenton Way new launch is expected to have its targeted preview commencing on 23 Feb 2024 and the launch projected to be in the same half of the year.
The Arcady
Formerly Euro-Asia Apartments, The Arcady is a freehold redevelopment at 1037 Serangoon Road.
There are many things going for this new launch. The development has a size of 172 units, making it private and exclusive, and features close proximity of a 5 min walk from Boon Keng MRT and its various heartland amenities. Its location also puts it within 1km distance of many good schools such as St Andrew’s Village.
The preview date will begin on the 6th Jan 2024 with booking day commencing on the 20th Jan 2024.
Tengah Plantation Close EC
The Tengah Plantation Close plot was tendered on 23 Dec 2022, and the EC that was planned to be built on that plot of land is finally expected to launch at the end of 2024.
This project follows the successful launches of other Tengah projects such as Copen Grand EC, which managed to successfully sell out 75% on launch day and 100% in a month, showing strong interest in Tengah as a desirable upcoming residential area.
There will be future connectivity options through Tengah Park MRT on the Jurong Regional line, connecting the estate to locations such as NTU, Jurong East, Tuas and Bukit Panjang.
The Hill @ One-North
Slim Barracks Rise (Parcel B) which was sold in the October 2021 GLS exercise will be launched in the upcoming year as The Hill @ One North.
The land plot launched to an extremely positive response with 10 developer bids, showing promise within that area for real estate growth and opportunity. The Hill will be a mixed-use integrated development, which offsets the disadvantage of the area being one centred around corporate life, providing much needed amenities for residents.
The launch also follows the success of Normantion Park and One North Eden, providing those who missed out on those opportunities to get a house in the neighbourhood around the first half of 2024.
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