𝐒𝐈𝐍𝐆𝐀𝐏𝐎𝐑𝐄 𝐏𝐑𝐎𝐏𝐄𝐑𝐓𝐘 𝐌𝐀𝐑𝐊𝐄𝐓: 🔴 𝐍𝐄𝐖 𝐏𝐑𝐎𝐉𝐄𝐂𝐓𝐒 𝟐𝟎𝟐𝟑 (𝐆𝐒𝐖)
𝗧𝗵𝗲 𝗚𝗿𝗲𝗮𝘁𝗲𝗿 𝗦𝗼𝘂𝘁𝗵𝗲𝗿𝗻 𝗪𝗮𝘁𝗲𝗿𝗳𝗿𝗼𝗻𝘁 (𝗚𝗦𝗪), which extends from Pasir Panjang to Marina East, will be transformed into a new major gateway and location for urban living along Singapore’s southern coast. Development will take place in phases, starting with the former Pasir Panjang Power District, Keppel Club and Mount Faber in the next 5 to 10 years. A continuous waterfront promenade will seamlessly connect various places of interest along the Greater Southern Waterfront in future.
A few new launches in the GSW surrounding region are slated to launch in 2023, and could potentially benefit from the upside of the GSW. The first to be launched is 𝗧𝗲𝗿𝗿𝗮 𝗛𝗶𝗹𝗹, a 270-unit freehold development by Hoi Hup Realty and Sunway Developments. Sitting on a hilly terrain, Terra Hill epitomises hillside luxury living amidst tranquility and great transformation. Terra Hill previews from 10 February 2023.
Scan the 𝗤𝗥 𝗖𝗢𝗗𝗘 (𝗥𝗲𝗱 𝗕𝗼𝘅) bit.ly/Upcoming-New-Launches to register for updates and showflat previews.
𝘊𝘰𝘯𝘯𝘦𝘤𝘵𝘪𝘯𝘨 𝘗𝘦𝘰𝘱𝘭𝘦 𝘛𝘩𝘳𝘰𝘶𝘨𝘩 𝘙𝘦𝘢𝘭 𝘌𝘴𝘵𝘢𝘵𝘦."
Associate Senior Marketing Director
Huttons Asia Pte Ltd
𝗗𝗶𝗱 𝗬𝗼𝘂 𝗞𝗻𝗼𝘄? For the whole of 2022, sales volume of new homes fell by about 36% compared with 2021. An estimated 4,500 to 4,600 units (across 21 projects) were launched in 2022 – less than half of 2021’s launch volume. For the whole of 2022, private home prices grew 8.4%, slowing from 2021’s 10.6% rise. Analysts are of the view that the rising interest rates will peak this year and pose marginal deterrence to new project buyers since mortgage payment is progressive. Some 50 new projects totalling 13,000 to 14,000 new home units may be launched in 2023. Over 1,500 new homes are expected in the GSW nearby districts. Two projects are highlighted here.