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7 Exciting New Property Launches to look out for in 2017

Posted by SgNewProperty on December 26, 2016
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Siglap Residences URA Map

1) Siglap Road <Seaside Residences>

The 1.93ha site at Siglap Road was awarded to a consortium led by Frasers Centrepoint for $624.18 million in January 2016. The price works out to about $858 psf per plot ratio. Nearby amenities include the future Siglap MRT station, shopping malls and schools. The 99-year leasehold property is expected to yield about 840 units.

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Grandeur Park URA Map

2) New Upper Changi Road <Grandeur Park>  

Property developer Chip Eng Seng won the tender for the 2.4ha site at New Upper Changi Road in February 2016 after submitting the highest bid of $419.38 million, or $761 psf on the gross floor area. The 99-year leasehold property is close to the Tanah Merah MRT station, Changi Business Park and the Singapore University of Technology and Design. It could yield up to 724 units.

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Alexandra View URA Map

4) Alexandra View

The 0.8ha site in Alexandra View was sold to Tang City Holdings in November 2015 for $376.88 million. The price works out to approximately $851 psf per plot ratio. Located next to Redhill MRT station, the 99-year leasehold property could yield about 400 housing units. Several shopping malls and schools are also within the vicinity.

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Bukit Batok West Ave 6 URA Map

5) Bukit Batok West Avenue 6

Qingjian Realty was awarded the 1.5ha site at Bukit Batok West Avenue 6 in May 2016 after it submitted the top bid of $301.16 million. The price translates to about $635 psf per plot ratio. This is the Chinese developer’s first mixed-use development in Singapore, and it could build about 370 condo units on the 99-year leasehold property. Nearby amenities include the Bukit Batok MRT station, West Mall, schools and a polyclinic.

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Martin Place URA Map

6) Martin Place

The 99-year leasehold property at Martin Place in River Valley was sold to GuocoLand in July 2016 for $595.1 million ($1,239 psf per plot ratio). The 1.6ha site could potentially yield about 445 units. The future Great World MRT station and several residential properties, including Martin Place Residences, Rivergate and Martin 38 are located nearby.

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Fernvale Road URA Map

7) Fernvale Road

A consortium comprising Sing Development and Wee Hur Development won the 1.7ha residential site in September 2016 after submitting the highest bid of $287.1 million, or $517 psf per plot ratio. The 99-year leasehold property in Sengkang can yield 605 housing units. It is close to the Thanggam LRT station, eateries along Jalan Kayu and The Seletar Mall.

Contact Desmond Lee at +65 8111 9129 for more information

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