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  • Writer's picturePauline Chua Era

๐’๐ˆ๐๐†๐€๐๐Ž๐‘๐„ ๐๐‘๐Ž๐๐„๐‘๐“๐˜ ๐Œ๐€๐‘๐Š๐„๐“: ๐Ÿ”ด ๐๐„๐– ๐๐‘๐Ž๐‰๐„๐‚๐“๐’ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘ (๐„๐€๐’๐“)

๐—ง๐—ต๐—ฒ ๐—˜๐—ฎ๐˜€๐˜ ๐˜€๐—ถ๐—ฑ๐—ฒ of Singapore has long been associated with good food and instagrammable houses and buildings. More exciting times ahead as the East side community can look forward to at least 10 new property developments coming its way this year.

The first launch of 2023 โ€“ ๐—ฆ๐—ฐ๐—ฒ๐—ป๐—ฒ๐—ฐ๐—ฎ ๐—ฅ๐—ฒ๐˜€๐—ถ๐—ฑ๐—ฒ๐—ป๐—ฐ๐—ฒ, saw a take-up rate of 60% at an average price of $2,072psf at its launch on 14 January 2023. Of the units sold, 75% are 1- and 2-bedroom units. Singaporeans make up 88.5% of the total number of home buyers. Sceneca Residence is a mixed-use development with direct access to Tanah Merah MRT station.

Coming right up after Sceneca Residence, 3 other major projects in the Eastern region are in the pipeline:

1) ๏ธ๐—ง๐—ฒ๐—บ๐—ฏ๐˜‚๐˜€๐˜‚ ๐—š๐—ฟ๐—ฎ๐—ป๐—ฑ at Jalan Tembusu, a 638-unit joint development by CDL and MCL Land (Preview: March 2023)

2) ๐—ง๐—ต๐—ฒ ๐—–๐—ผ๐—ป๐˜๐—ถ๐—ป๐˜‚๐˜‚๐—บ, a freehold 816-unit development at Thiam Siew Avenue by Hoi Hup and Sunway (Preview: March/April 2023)

3) ๐—š๐—ฟ๐—ฎ๐—ป๐—ฑ ๐——๐˜‚๐—ป๐—บ๐—ฎ๐—ป, a Dunman Road GLS 1,035-unit mega development by Singhaiyi Group (Preview: Q2/Q3 2023)

With ๐—ฝ๐—ผ๐—ฝ๐˜‚๐—น๐—ฎ๐—ฟ ๐˜€๐—ฐ๐—ต๐—ผ๐—ผ๐—น๐˜€ like Haig Girlsโ€™, Tanjong Katong Girlsโ€™ and Chung Cheng High in the vicinity, you might want to check these out.

Scan the ๐—ค๐—ฅ ๐—–๐—ข๐——๐—˜ (๐—ฅ๐—ฒ๐—ฑ ๐—•๐—ผ๐˜…) to read more and register for updates and showflat previews.

"๐˜›๐˜ฐ๐˜ถ๐˜ค๐˜ฉ๐˜ช๐˜ฏ๐˜จ ๐˜“๐˜ช๐˜ท๐˜ฆ๐˜ด, ๐˜Š๐˜ฐ๐˜ฏ๐˜ฏ๐˜ฆ๐˜ค๐˜ต๐˜ช๐˜ฏ๐˜จ ๐˜—๐˜ฆ๐˜ฐ๐˜ฑ๐˜ญ๐˜ฆ ๐˜›๐˜ฉ๐˜ณ๐˜ฐ๐˜ถ๐˜จ๐˜ฉ ๐˜™๐˜ฆ๐˜ข๐˜ญ ๐˜Œ๐˜ด๐˜ต๐˜ข๐˜ต๐˜ฆ."

๐๐€๐”๐‹๐ˆ๐๐„ ๐‚๐‡๐”๐€ Associate Senior Marketing Director Huttons Asia Pte Ltd WhatsApp:

๐——๐—ถ๐—ฑ ๐—ฌ๐—ผ๐˜‚ ๐—ž๐—ป๐—ผ๐˜„? 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 โ€“ less than half of 2021โ€™s launch volume. For the whole of 2022, private home prices grew 8.4%, slowing from 2021โ€™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 3,000 units across 12 new property launches are expected in the East.

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