New condominium launches in Singapore typically generate considerable excitement among potential buyers, including investors, couples, and families looking to own their own homes. The local real estate market is robust, thanks to effective and stringent housing measures that stabilise and strengthen the market overall. This stability ensures that the appeal of new properties remains high for discerning homebuyers.
Buyers are spoilt for choice with the array of developers striving to outdo one another. They offer developments featuring distinguished aesthetics, standout facilities, spectacular views, and unique layout configurations.
Last year, over half of the 47 new condominium launches were remarkably successful, with more than 50% of their units sold out quickly. Among the top performers were J’den, Lentor Hill Residences, The Reserve Residences, and Sceneca Residences. This high take-up rate meant many homebuyers secured their desired units. However, it also meant that many interested buyers missed out on owning their prized property.
If you are among those who missed out, this article is for you. We will explore new launches that still have available inventory, categorised by region. You might just find a suitable unit in our comprehensive list.
*Inventory balance is accurate as at 2 June 2024
New Launch Balance Inventory by Region
West Region
The demand for new condominium launches in the West region has been impressive, with many developments achieving high sales percentages. Top-performing developments that still have available units include J’den, The Reserve Residences, Blossoms by the Park, and The Botany @ Dairy Farm. The West region has also seen the addition of Executive Condominium (EC) developments in recent years, including Altura and Lumina Grand, which have contributed to the housing supply.
The Reserve Residences, a 99-year leasehold mixed-use development, launched on 27 May 2023, and achieved an impressive 71% of units sold on its first day, with an average price of $2,460 per square foot (PSF). This development’s appeal lies in its convenient amenities and excellent accessibility. It is directly connected to Bukit V shopping mall, Beauty World MRT Station on the Downtown Line, and a bus interchange. The launch attracted a younger demographic, with over 40% of buyers aged 31 to 40 and about 22% aged 21 to 30. As of 9 June 2024, available units include 3 and 4-bedroom units, 4-bedroom plus study units, and 5-bedroom units, with the 4-bedroom configurations comprising the bulk of the remaining inventory.
Launched on 29 April 2023, Blossoms by the Park saw over 200 of the 275 total units snapped up on the first day, translating to an impressive 73% sold. This success came despite the increase in Additional Buyer’s Stamp Duty (ABSD) announced just two days prior. The strong appeal of this development is likely due to its prime location in the one-north area, which offers high investment potential. This is evidenced by the fact that all the 1 and 2-bedroom units were sold out on launch day. As of 9 June 2024, only one 3-bedroom unit and 22 4-bedroom units remain available.
The Botany @ Dairy Farm made a significant sale of 187 units out of a total of 386 units, achieving a 48% sales rate on its launch day on 4 March 2023, with an average price of $2,070 per square foot (PSF). Located within walking distance of Hillview MRT Station on the Downtown Line, Botany @ Dairy Farm saw all its one-bedroom units and 93% of its two-bedroom units sold on the first day. This impressive performance can be credited to its pricing strategy, slightly below the average PSF for new non-landed private homes in the Outside Central Region (OCR), which stood at $2,088 PSF in January 2023. This competitive pricing appealed to both investors and owner-occupiers. At the time of writing, the remaining available units at this development are the 3-bedroom and 3-bedroom plus study units, with the 3-bedroom units comprising the majority of the remaining inventory.
J’den, the tallest mixed-use development in the Jurong Lake District (JLD) to date, witnessed a remarkable sales performance on its launch day. Out of a total of 368 units, 323 were snapped up, translating to an impressive 88% sold. Launched on 11 November 2023, J’den boasts picturesque views of Jurong Lake Gardens and is strategically positioned to benefit from the ongoing transformation in the JLD. On launch day, all of J’den’s 1-bedroom, 1-bedroom plus study, and 2-bedroom units were sold. As of 9 June 2024, the remaining available configurations include 1-bedroom, 2-bedroom plus study, 3-bedroom, 3-bedroom plus study, and 4-bedroom units, with the majority of remaining units being 4-bedroom configurations.
Altura, located along Bukit Batok Avenue 8, was launched on 5 August 2023. On its launch day, this executive condominium (EC) development sold 220 out of 360 units, translating to 61% of its total inventory, with an average price of $1,433 PSF. The high demand for Altura can be attributed to it being the first EC to launch in the Bukit Batok area in over 20 years. As of 9 June 2024, the remaining available units include two 3-bedroom plus study, two 4-bedroom, and twenty 5-bedroom units.
Lumina Grand, the first executive condominium (EC) launch of 2024, debuted on the weekend of 27-28 January this year. During the launch weekend, Lumina Grand sold 269 out of its total 512 units, accounting for 53% of its inventory, with an average price of $1,464 PSF. As of 9 June 2024, the remaining available units consist of 3, 4, and 5-bedroom configurations.
Keep an eye out for the upcoming Sora development in the Western region, set to launch in July 2024. With 440 units ranging from 1 to 5 bedrooms, Sora will enhance the Jurong Lake District (JLD). Alongside a diverse range of amenities, future residents can look forward to sky terraces offering breathtaking panoramic views of the surroundings.
Central Region
As usual, the Central region of Singapore has seen several sought-after premium new launches in recent years. Among the notable developments with available inventory as of 9 June 2024, are The Landmark, Orchard Sophia, One Bernam, and The Arcady @ Boon Keng. The Central region also offers an abundance of luxurious private residences, including prestigious developments like Wallich Residence, Ritz-Carlton Residences, and Watten House.
The Landmark, a 99-year leasehold development, was launched over the weekend of 28-29 November 2020. Despite the pandemic lockdown, its virtual launch was a resounding success. Of the 120 units released during the launch weekend, over 90% were quickly sold, with an average price of $2,250 per square foot (PSF). The Landmark comprises a total of 396 units, ranging from 1 to 3 bedrooms in a single 39-storey tower. As of 9 June 2024, the remaining available units include two 1-bedroom units, seven 2-bedroom units, and four 3-bedroom units.
One Bernam is a 99-year leasehold development that launched its first phase of sales in May 2021. Out of a total of 351 units, ranging from 1-bedroom to 5-bedroom penthouses, 100 units were released during the launch weekend of 8 May 2021. Over 80 of these units were quickly sold, with more than 90% being 1 and 2-bedroom units. The average price during the launch weekend was $2,650 per square foot (PSF). As of 9 June 2024, the remaining available units at One Bernam include 1-bedroom, 2-bedroom, 2-bedroom plus study, 3-bedroom, and penthouse units.
Located at the top of Sophia Road in prime District 9, Orchard Sophia is a freehold development launched in August 2023. One of its main attractions is its prime and convenient location, while being close to notable schools such as Anglo-Chinese School (Junior) and St Margaret’s Primary School. During its launch weekend, Orchard Sophia sold 19 out of 78 units, achieving a 24% sales rate with an average price of $2,800 PSF. As of 9 June 2024, 38 3-bedroom units are still available at Orchard Sophia.
The Arcady @ Boon Keng launched on 20 January this year, selling 51 of its 172 units on the first day, translating to about 30% of its total inventory, with an average price of $2,570 PSF. All 11 of its 1-bedroom units and the majority of its 2-bedroom units were sold on launch day. This freehold development is within walking distance of Boon Keng MRT Station on the North East Line, offering a plethora of nearby conveniences and amenities. As of 9 June 2024, the remaining available units range from 2-bedroom to penthouse units, with the majority being 3-bedroom units.
Wallich Residence, a 99-year leasehold luxury condominium, occupies the 39th to 64th floors of Guoco Tower, making it Singapore’s tallest building. Located in the heart of Tanjong Pagar, it boasts unparalleled prestige. Residents enjoy easy access to numerous bars and restaurants, as well as seamless connectivity to the Central Business District and other parts of Singapore via the Tanjong Pagar MRT Station on the East-West Line, located directly below the development. Available units include 2, 3, and 4-bedroom configurations.
The Ritz-Carlton Residences needs no introduction. Managed by the world-renowned luxury hotelier Marriott International, it offers residents a luxurious hotel-like living experience. This freehold luxury development is located in the vibrant Newton area, within walking distance of the Newton MRT interchange, which serves both the Downtown and North-South lines. As of 9 June 2024, the remaining units include two 3-bedroom units and two exclusive penthouses.
Watten House is a freehold development located in the prestigious Bukit Timah neighbourhood, within walking distance of Tan Kah Kee MRT Station on the Downtown Line. On its preview day on 18 November 2023, Watten House sold 102 out of its 180 units, accounting for about 57% of its total inventory, with an average price of $3,230 PSF. As of 9 June 2024, the remaining units include 3-bedroom plus study, 4-bedroom, and 5-bedroom configurations.
North Region
The North region has seen several notable successful developments in recent years, underscoring the strong demand for mass-market non-landed private residences in the Outside Central Region (OCR), particularly in the Lentor area. Noteworthy developments in this region include AMO Residence, Lentor Hills Residences, Lentor Mansion, and Lentor Modern. In addition to these, North Gaia, an EC, also has remaining inventory available for purchase.
AMO Residence, a 99-year leasehold development in District 20, launched on 23 July 2022, and saw an outstanding performance, with 98% of its 372 units sold on the first day, leaving only two penthouse units unsold. The average price was $2,112 PSF. As of 9 June 2024, only one penthouse unit remains available.
Lentor Mansion, a 99-year leasehold high-end development, was launched in March 2024. Over the launch weekend, it sold an impressive 400 out of 533 units, making up 75% of its inventory, with prices ranging from $2,104 to $2,478 PSF. All of the 2-bedroom units were sold out, and 84% of the 3-bedroom units were also snapped up. As of 9 June 2024, the available units at Lentor Mansion include 3, 4, and 5-bedroom units, with the majority being 4-bedroom units.
Lentor Modern, a 99-year leasehold development, was launched in September 2022. On its launch day, 508 out of 605 units were sold, accounting for 84% of the total inventory. The majority of buyers were owner-occupiers, with HDB upgraders making up the bulk. The 1 and 2-bedroom units were the most popular and were quickly snapped up on launch day. As of 9 June 2024, only one 1-bedroom unit and four 3-bedroom units remain available.
Just a short 4-minute walk from Lentor Mansion, Lentor Hills Residences is another new launch that achieved commendable results. During its launch weekend on 8-9 July 2023, Lentor Hills Residences sold 50% of its 598 units, with an average price of $2,080 PSF. This impressive performance was likely due to the spillover effect from those who missed out on units at Lentor Modern. As of 9 June 2024, the remaining available units range from 1 to 4 bedrooms, with the majority being 3 and 4-bedroom units.
Launched over the weekend of 23-24 April 2022, North Gaia, located in Yishun Close, sold 164 out of its total 616 units, representing 27% of its inventory, with an average price of $1,302 PSF. Among the units sold during the launch weekend, 84% were 3-bedroom units, indicating their popularity. As of 9 June 2024, the available inventory consists of 3-bedroom, 3-bedroom plus study, and 4-bedroom units.
Upcoming new launches in the North region to watch for include The Chuan Park and Norwood Grand. The Chuan Park is a 99-year leasehold project that redevelops an older site, adding 900 units of private residences next to Lorong Chuan MRT Station on the Circle Line, enhancing this sought-after neighbourhood.
Norwood Grand, located just a 3-minute walk from Woodlands South MRT Station on the Thomson-East Coast Line, will significantly enhance the Woodlands and Admiralty area with 350 units of private residences.
East Region
The East region has long been highly sought after by discerning homebuyers, drawn to its proximity to Changi International Airport, the vibrant food and entertainment scene in Katong and Joo Chiat, and the recreational offerings of East Coast Park. With a wide selection of premium private residences, the upcoming new launches and existing developments in the region, along with a wealth of amenities, will continue to appeal to homebuyers. Notable developments in the East region with available inventory include Sceneca Residence, Tembusu Grand, Grand Dunman, and Sky Eden @ Bedok.
Sky Eden @ Bedok, a 99-year leasehold mixed-use development, achieved a commendable 75% sell-out on its launch day on 7 September 2022, with 118 of its 158 units sold at an average price of $2,100 PSF. This development will feature 12 commercial shops on the ground floor and is just a 3-minute walk from the Bedok MRT station and integrated transport hub. All the 2-bedroom units were quickly snapped up on launch day. As of 9 June 2024, the remaining inventory includes one 3-bedroom unit and two 4-bedroom units.
Sceneca Residence, a 99-year leasehold development, was launched in January 2023. It was the first major non-landed private development launched after the cooling measures announced on 30 September 2022, which raised the medium-term interest rate floor used to compute the total debt servicing ratio (TDSR) by 0.5 percentage points. Despite these measures, Sceneca Residence successfully sold 60% of its 268 units. At the time of writing, the remaining inventory includes 3 and 4-bedroom units as well as penthouse units.
Tembusu Grand, the first new launch in Katong in 2023, debuted on the weekend of 8-9 April 2023. During this period, 340 out of its 638 units were sold, accounting for 53% of its total inventory, with an average selling price of $2,465 PSF. Located along Tanjong Katong Road in District 15, Tembusu Grand is a 99-year leasehold development offering units ranging from 1-bedroom plus study to two exclusive penthouses. As of 9 June 2024, available units at Tembusu Grand include various configurations from 1-bedroom plus study to the two penthouses.
Grand Dunman, another new launch in District 15 in 2023, is a 99-year leasehold development that debuted over the weekend of 15-16 July 2023. During this period, 550 out of its 1,008 units were sold, accounting for about 55% of its total inventory. As a large development, Grand Dunman offers a wide array of unit types and sizes, providing ample choices for potential buyers. As of 9 June 2024, the remaining inventory includes everything from 1-bedroom units to exclusive penthouses.
Closing Thoughts
The Singapore real estate market continues to demonstrate resilience and robust demand, particularly for new condominium launches. Despite various cooling measures, new developments are consistently seeing impressive take-up rates, reflecting strong interest from a diverse pool of buyers, including investors and owner-occupiers. The extensive range of available units across various regions offers potential buyers numerous opportunities to find their ideal homes.
As we move further into 2024, the ongoing and upcoming launches will undoubtedly continue to attract attention. Whether you are looking for a luxurious residence in the central region, a vibrant community in the east, or a family-friendly environment in the west and north, the Singapore property market offers something for everyone. Keep an eye on the market trends and explore these developments to secure your dream home in this dynamic and ever-evolving landscape.
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