It is that time of the year where we start to consolidate what has been and contemplate what is to come. Looking back, it is fair to say that 2023 has been a pretty eventful year for the residential property market, chockful of policy announcements that will impact both the private and public housing segments.
From tighter additional buyer’s stamp duty (ABSD) rates, to higher marginal buyer’s stamp duty rates for higher-value properties, to a swathe of changes to public housing policies, such as the stricter non-selection rule for build-to-order (BTO) flats, and the reclassification of flats from the second half of 2024, amongst others. For the uninitiated, it could be mind boggling.
In view of the April 2023 cooling measures, the various policy changes to mulled over, and sticky interest rates, some prospective buyers have decided to call a time-out to evaluate their options. For those who are still in the market for a new home or an investment property, 2024 will provide some exciting opportunities. Here are some potential new projects that could hit the market in the first half of 2024.
Some Possible New Launches* In 1H 2024
Project | Location | Region | Tenure | Estimated no. of units |
The Arcady @ Boon Keng | Serangoon Road (former Euro Asia Apts) | RCR | Freehold | 172 |
Hillhaven | | OCR | 99 years | 335 |
Marina View Residences | | CCR | 99 years | 683 |
Lentoria | | OCR | 99 years | 267 |
The Hill @ One North | | RCR | 99 years | 142 |
Newport Residences | 80 Anson Road | CCR | Freehold | 246 |
Skywaters Residences | 8 Shenton Way | CCR | 99 years | 215 |
The Hillshore | Pasir Panjang Road (former Gloria Mansion) | RCR | FH | 59 |
Lumina Grand EC | | OCR | 99 years | 495 |
TBA | | RCR | 99 years | 840 |
Sora | 9A Yuan Ching Road | OCR | 99 years | 440 |
Kassia | Flora Drive | OCR
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