๐ง๐ต๐ฒ ๐๐ฎ๐๐ ๐๐ถ๐ฑ๐ฒ 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 ๐ฆ๐ฐ๐ฒ๐ป๐ฒ๐ฐ๐ฎ ๐ฅ๐ฒ๐๐ถ๐ฑ๐ฒ๐ป๐ฐ๐ฒ, 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) ๏ธ๐ง๐ฒ๐บ๐ฏ๐๐๐ ๐๐ฟ๐ฎ๐ป๐ฑ at Jalan Tembusu, a 638-unit joint development by CDL and MCL Land (Preview: March 2023)
2) ๐ง๐ต๐ฒ ๐๐ผ๐ป๐๐ถ๐ป๐๐๐บ, a freehold 816-unit development at Thiam Siew Avenue by Hoi Hup and Sunway (Preview: March/April 2023)
3) ๐๐ฟ๐ฎ๐ป๐ฑ ๐๐๐ป๐บ๐ฎ๐ป, a Dunman Road GLS 1,035-unit mega development by Singhaiyi Group (Preview: Q2/Q3 2023)
With ๐ฝ๐ผ๐ฝ๐๐น๐ฎ๐ฟ ๐๐ฐ๐ต๐ผ๐ผ๐น๐ like Haig Girlsโ, Tanjong Katong Girlsโ and Chung Cheng High in the vicinity, you might want to check these out.
Scan the ๐ค๐ฅ ๐๐ข๐๐ (๐ฅ๐ฒ๐ฑ ๐๐ผ๐ ) bit.ly/Upcoming-New-Launches to read more and register for updates and showflat previews.
"๐๐ฐ๐ถ๐ค๐ฉ๐ช๐ฏ๐จ ๐๐ช๐ท๐ฆ๐ด, ๐๐ฐ๐ฏ๐ฏ๐ฆ๐ค๐ต๐ช๐ฏ๐จ ๐๐ฆ๐ฐ๐ฑ๐ญ๐ฆ ๐๐ฉ๐ณ๐ฐ๐ถ๐จ๐ฉ ๐๐ฆ๐ข๐ญ ๐๐ด๐ต๐ข๐ต๐ฆ."
๐๐๐๐๐๐๐ ๐๐๐๐ Associate Senior Marketing Director Huttons Asia Pte Ltd www.paulinechua.com WhatsApp: wa.me/6586927272
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๐๐ถ๐ฑ ๐ฌ๐ผ๐ ๐๐ป๐ผ๐? 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 2021โs launch volume. For the whole of 2022, private home prices grew 8.4%, slowing from 2021โs 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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