Over 3,500 new private homes set to be launched in Q4

Over 3,500 new private homes set to be launched in Q4.

Over 3,500 new private homes set to be launched in Q4 : A short digest format

Short point form summary of this news for your easy disgest.

Number of new private homes to be launched in Q4

  • Over 3,500 housing units to be launched in Q4
  • More than 10 private residential projects set to launch
  • Five projects in Q4 expected to yield approximately 2,370 units
  • Inventory of unfinished properties continues to grow
  • Cooling measures in the real estate market affecting homebuyer interest

Median prices for different property segments

  • Median price for mass-market segment properties in OCR is S$2,074 psf
  • New home sales in RCR have a median price of S$2,511 psf
  • Median price in CCR reaches S$2,903 psf
  • Prices expected to remain stable despite cooling measures
  • High financing and land costs affecting prices

Number of new residential projects launched in previous years

  • In 2022, 15 new private residential projects were introduced with 4,528 units
  • In 2023 (so far), 17 private non-landed projects were launched with 6,773 units
  • Developers facing slower uptake in new projects
  • CBRE provides data on new project launches
  • Executive condominiums excluded from the statistics

Upcoming projects set to launch in Q4

  • Hillock Green, a 474-unit condominium developed by Yanlord Land Group, China Communications Construction Company, and Soilbuild Group Holdings
  • Watten House, a freehold development in the city center developed by UOL and Singapore Land
  • Marina View Residences, a massive 748-unit condo developed by IOI Properties
  • Jden, a redevelopment of JCube mall into a 368-unit condo by CapitaLand. This is the second Jurong Lake District launch in the area, after LakeGarden Residences.
  • Skywaters Residences, a 215-unit condo at the former AXA Tower site developed by a consortium led by Perennial Holdings

Distribution of new launches by district

  • Over half of the new launches expected in Q4 will be in the suburbs (OCR)
  • District 23 (Upper Bukit Timah) to see the launch of Hillhaven at Hillview Rise
  • District 17 (Changi) to have new launches
  • District 22 (Jurong) to have new launches, including Jden and Sora
  • District 26 (Lentor and Upper Thomson) to have new launches, including Hillock Green and Lentoria

Hope you like this new quick digest format of news article with regards to our real estate in Singapore !

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