As the new year approaches, we look ahead to the upcoming new launch condominiums that are in the pipeline. If you have been in the market for a new launch development for your next family abode or investment property, this compilation is for you.
With a myriad of choices across the whole of Singapore, we will be breaking the upcoming new launches in 2024 into a two-part article. In this first part, we will be going through the leasehold projects that will be launching this year. Despite reports of new private home sales dipping and on track for a historic low in Q4 2023, the success of recent new launches like J’den and Watten House indicates that there is still much appetite surrounding attractive new launches. Look out for the second part, where we break down the freehold projects that will be launching this year.
Here’s an overview of the 2024 upcoming new launches before we jump into individual projects.
Government Land Sales (GLS) Projects
Government Land Sales (GLS) refer to a system where the government releases parcels of land for sale to private property developers through competitive bidding. These lands are typically designated for residential, commercial, or mixed-use developments. A total of nine projects are slated to be launched under GLS in 2024.
Lumina Grand (EC)
Nestled in the heart of District 23 at Bukit Batok West Ave 5, Lumina Grand stands out as the sole Executive Condominium (EC) set to launch in 2024, and it will hold the distinction of being the only EC in District 23 to date. Given the low supply of ECs in Singapore and unique attributes as a gateway into the private property market, they remain hot commodities and command a high demand.
Boasting convenience, future residents are a leisurely stroll away from Le Quest Shopping Mall, Sheng Siong Supermarket, Bukit Gombak MRT Station, and the upcoming Tengah Park MRT Station that is due to be completed in 2028.
With a launch price estimated around $1,424 per square foot, Lumina Grand offers an enticing alternative to HDB flats and for HDB upgraders in the area. Families will appreciate its proximity to esteemed schools like DaZhong Primary, Dunearn and Hillgrove Secondary, and Lianhua Primary, making Lumina Grand a compelling choice for those seeking a conducive family life and affordability.
Hillhaven
Sitting in District 23 at Hillview Rise, Hillhaven offers unblocked views of the landed enclave along Jalan Batu Niam. With proximity to Hillview and Cashew MRT Stations, and a 1-minute stroll to HillV2 Mall, future residents enjoy both convenience and tranquillity.
Perfect for those seeking serenity in a smaller, low-rise project, Hillhaven stands out as a rarity in an area lacking new launches in recent years. Priced at a general estimate of $2,219 per square foot, it presents a compelling option being a new launch at a reasonable quantum price.
Nature enthusiasts will appreciate the proximity to Dairy Farm, Bukit Timah, and Hindhede Nature Parks. The development is also close to esteemed schools like CHIJ Our Lady Queen of Peace, Assumption English School, GESS – International School, St Francis Methodist School, and Ngee Ann Polytechnic, ensuring a well-rounded lifestyle for families.
Lentor Gardens
Right smack in the prime locale of District 26, Lentor Gardens seamlessly blends tranquillity with connectivity. Surrounded by lush greenery, the development offers future residents peaceful living, yet Lentor MRT Station, a quick stroll away, ensures easy access to Orchard’s shopping district within half an hour. Culinary delights await in the nearby eateries, with the vibrant AMK Hub just a 12-minute drive away.
As a significant private residential addition to the area, Lentor Gardens offers a first-mover advantage for both investors and homeowners. Positioned amidst new launches like Lentor Hill Residences, Lentor Modern, and Hillock Green, its estimated launch price of $2,156 per square foot proves competitive, presenting a promising investment opportunity. Spillover effect from the aforementioned new launches for those who are seeking a unit in the area could also prove to be an advantage.
Education options are abundant, with CHIJ St Nicholas Girls School a 4-minute drive away, along with Anderson Primary, Anderson Secondary, Mayflower Primary, and Mayflower Secondary Schools within a short drive’s distance.
Lentoria
Lentoria harmoniously blends tranquillity with connectivity, situated in a peaceful neighbourhood in District 26 surrounded by landed houses and low to mid-rise condominiums. A mere minutes’ walk from Lentor MRT Station, this project seamlessly combines serene living with access to city life. With a myriad of eateries a short drive away and AMK Hub within a 12-minute drive, future residents can enjoy both culinary and retail conveniences. The upcoming Lentor Mall, set to complete in 2026, adds to the accessibility, just a 5-minute stroll away.
Estimated to be priced at an estimated $2,392 per square foot, slightly higher than neighbouring Lentor Gardens, Lentoria emphasises privacy and exclusivity as a smaller development with an estimated 265 units in total—ideal for those seeking tranquil living.
Close proximity to esteemed schools, including CHIJ St Nicholas Girls School and Anderson Primary School, further enhances the appeal of this residential gem. Besides these two, Anderson Secondary School, Mayflower Primary School, and Mayflower Secondary School are all within a short drive’s distance away as well.
Bukit Timah Link
Within the prestigious Bukit Timah neighbourhood of District 21, this site offers unparalleled convenience and exclusivity. Adjacent to Beauty World MRT Station, future residents will enjoy proximity to Bukit Timah Market, Shopping Centre, and Beauty World Plaza. Swift access to major expressways (PIE and AYE) further enhances connectivity.
With an estimate of just 160 residential units, it caters to those who value the intimacy of a smaller development in this sought-after neighbourhood. Priced at an estimated $2,738, it presents a compelling investment opportunity, given its prestigious address and the anticipated transformation of the Beauty World area.
For nature enthusiasts, Bukit Timah Nature Reserve is a short stroll away. Top notch schools like Pei Hwa Presbyterian Primary, Bukit Timah Primary, Ngee Ann Polytechnic, and international options such as The Perse School Singapore and Wise Oaks International School make this development appealing for families and potential expatriate tenants.
The Hill @ One North
Situated in District 5’s vibrant one-north area, The Hill @ One North offers a luxurious, personalised living experience. Its commercial-first floor adds convenience, complementing its prime location amid tech conglomerates. Proximity to One-North and Buona Vista MRT Stations ensures seamless access to Circle and East-West Lines respectively.
The locale features workplaces, malls like The Star Vista, greenspaces, and diverse residential developments. With a lack of public housing nearby, this project is a significant addition to the private residential supply.
Estimated to be priced at $2,329 psf, The Hill @ One North could be a shrewd investment opportunity. Boasting only 140 units, it promises privacy for residents amidst varied amenities, entertainment, and eateries. Not to mention, potential walking distance to workplaces —making it an exceptional gem for young professionals and couples.
Marina View Residences
In the heart of Singapore’s Central Business District, Marina View Residences epitomises opulent living in District 1. Adjacent to Shenton Way MRT Station and a short walk from Marina Bay, Downtown, Raffles Place, Telok Ayer, Tanjong Pagar, and Chinatown MRT Stations, it offers unparalleled connectivity.
Positioned amidst the CBD, future residents will enjoy proximity to malls, eateries, and entertainment outlets. Iconic dining at Lau Pa Sat is a 7-minute walk, while Tanjong Pagar and Chinatown are a mere 15 to 20-minute stroll away.
Estimated to be priced attractively at $2,773, this mixed-use development, featuring residential units and hotel rooms, serves as a competitive option for new launches in the CBD. Ideal for an investment opportunity that would cater to tenants working in the core Central region’s financial and business hub, Marina View Residences offers a luxurious urban retreat.
Marina Gardens Lane
Nestled in the prime mixed-use neighbourhood of Marina South in District 1, Marina Gardens Lane emerges as a pioneer development amid a total of five residential plots, marked by URA to make up this neighbourhood. The project strategically designates its first floor for commercial use, ensuring convenience for residents with direct access to Marina South MRT Station.
With the Marina South neighbourhood envisioned to be pedestrian-friendly and car-lite, future residents can effortlessly access workplaces, eateries, and malls by foot. Adjacent to Gardens by the Bay and Marina Bay Sands, the development guarantees residents a fulfilling entertainment experience.
Estimated to be priced attractively at $2,833, Marina Gardens Lane offers a compelling first-mover advantage, boasting unobstructed sea views and contributing to the Greater Southern Waterfront transformation.
With unparalleled views, strategic amenities, and part of an interesting transformation, Marina Gardens Lane stands out as a lucrative investment for discerning buyers.
Jalan Tembusu GLS
In prime District 15 just off Tanjong Katong Road, this project offers proximity to Dakota and the upcoming Tanjong Katong MRT Station. Surrounded by a wealth of eateries and amenities, it’s minutes from Parkway Parade and East Coast Park, ideal for family dwelling.
Estimated to be launched at $2,556 psf, it compares competitively to recent nearby launches—Tembusu Grand at $2,465 psf and Grand Dunman at $2,500 psf. Positioned strategically, this project is a unique gem for both investors and owner-occupiers, with an expected steady capital appreciation and potential pool of tenants. Families can benefit from the convenient location as well, with potential spillover effects from the nearby recent launches.
Renowned schools like Chung Cheng High, Tanjong Katong Girls’, and Tanjong Katong Primary and Secondary Schools certainly add to the project’s allure too.
Collective Sales (CS) Projects (99-years leasehold)
Former Chuan Park
Following the en bloc sale of Chuan Park in July 2022, the upcoming development on this site in District 19 promises to diversify private residential options. Adjacent to Lorong Chuan MRT Station on the Circle Line, it ensures seamless transportation. Proximity to amenities like Junction 8 and Nex malls, along with Serangoon Park, caters perfectly to family needs. Swift access to CTE and PIE expressways enhances connectivity.
Priced at an estimated $2,675 psf, the development presents an enticing opportunity. Its strategic location, coupled with the absence of recent condominium launches in the immediate vicinity, may spur higher demand. This is another project that uniquely caters to both investors and family owner-occupiers due to its strategic location.
For families with school-going children, Yangzheng Primary, St Gabriel’s Primary, Zhonghua Secondary, and Nanyang Junior College are conveniently within a short walking distance.
Kassia
Situated in District 17 along Flora Drive, Kassia offers tranquil living with just 276 exclusive units, ensuring a serene environment. Pasir Ris East and Tampines East MRT Stations, along with easy access to the TPE expressway, provide seamless connectivity. Tampines Mart and Tampines Wet Market are conveniently nearby for amenities.
As a significant addition to the private residential landscape, the launch price of Kassia is expected to align with the Eastern region’s condominium pricing, making it an attractive choice for families. Anticipating a gradual increase in demand for private residences in the region, especially with the upcoming Changi Airport’s Terminal 5, the development’s launch price is expected to be competitive.
Families will benefit from being just short drives to East Spring Primary and Secondary schools, Dunman Secondary, Loyang View Secondary, and White Sands Primary school, solidifying Kassia’s appeal for a harmonious and well-connected lifestyle.
Former Peace Centre & Peace Mansion
Situated on a prime site designated for commercial use in the heart of District 9, this upcoming mixed-use development blends commercial and residential units. Future residents will enjoy effortless connectivity with Bencoolen, Dhoby Ghaut, Bras Basah, and Bugis MRT Stations within walking distance. Boasting a bustling locale, a myriad of eateries, entertainment venues, and malls are mere strolls away.
Anticipated to launch in the first half of 2024, the project holds appeal with an estimated launch price of $2,122, making it an intriguing prospect for investors and homeowners seeking urban amenities.
Positioned amid a vibrant cityscape, this development could serve as a promising investment option, potentially attracting a diverse tenant pool. Its prime location suggests steady capital appreciation in this sought-after district, adding to the allure for those eyeing longer term value.
Keppel Bay Plot 6
Situated on Keppel Island in District 4 amidst the Greater Southern Waterfront transformation, this development at Plot 6 will add significantly to the allure of Keppel Bay’s luxurious homes. With an estimated total of 86 units, it could provide a first mover advantage in an area expected to house 3,000 waterfront residences.
Offering exclusive waterfront views, future residents are promised a luxurious living experience. Proximity to VivoCity, Resorts World Sentosa, and Universal Studios ensures seamless access to eateries and entertainment.
Positioned within a short drive to the CBD and being part of the Greater Southern Waterfront transformation, the entire area anticipates rising demand, potentially leading to healthy capital appreciation and a robust pool of tenants. This development epitomises a unique opportunity for those seeking an upscale and strategic waterfront lifestyle in a rapidly transforming district.
Skywaters Residences
Set to redefine luxurious living in District 2’s downtown core, Skywaters Residences is a mixed-use development encompassing retail outlets, eateries, offices, and a hotel. Positioned in the heart of the CBD, residents enjoy easy connectivity with Tanjong Pagar and Shenton Way MRT Stations just short strolls away, and Downtown, Marina Bay, and Telok Ayer accessible on foot.
Boasting proximity to Tanjong Pagar and Chinatown, the development offers convenience for food, shopping, and entertainment.
Skywaters Residences stands out for its desirable location, combining CBD access with bustling city amenities, likely generating high demand from homeowners and tenants. This unique blend makes it an appealing choice for both investors and owner-occupier families, positioning the project as an attractive option for both investment and family living in a prime urban setting.
Sora
In District 22’s exclusive new launch, Sora stands out as the perfect family abode. With immediate access to Jurong Lake Gardens and a short drive to Jurong East, Boon Lay, Pioneer, Chinese Garden, and Lakeside MRT Stations, it offers well-balanced family living. Proximity to eateries and malls enhances convenience.
Estimated to be priced reasonably at $2,216, Sora is right in the mix with URA’s plan to transform Jurong Lake District into Singapore’s second CBD, anticipating a surge in demand for years to come. This strategic positioning could potentially boost both capital appreciation and tenant pool.
Sora is also conveniently near esteemed schools like Lakeside Primary, Yuan Ching Secondary, Canadian International, and Yuvabharathi International, solidifying its appeal for families seeking a harmonious and well-connected lifestyle.
Closing Thoughts
As we stand on the brink of 2024, the anticipation surrounding the upcoming leasehold projects poses interesting options for investment and owner-occupiers. From innovative designs to strategic locations, these developments promise not just residences but a refined way of life.
If you are in the market for a new launch project, feel free to reach out to us. We will be glad to guide you through the process and offer a tailored consultation to help you reach an informed decision.
Thank you for reading and following PLB. Do stay tuned as we bring you more reviews of upcoming new launch projects around Singapore.
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