J’den, Newport Residences, Watten Estate Residences, and More: 29 New Condos and ECs Launching in 2023

Based on the PropertyGuru Singapore Property Market Report Q3 2023, it appears that the starting median price per square foot (PSF) for major new condo launches in Q3 2023 is likely to be around $2,000.

This information follows the property cooling measures implemented in April 2023, which led to an increase in Additional Buyer’s Stamp Duty (ABSD) rates. As a result of these measures, buyers are reportedly becoming more cautious in their decisions, with a tendency to focus their financial resources on a single property intended for personal occupancy.

Dr. Tan Tee Khoon, who serves as the Country Manager for Singapore at PropertyGuru, has noted this trend.

Despite the rise in new condo launch prices, buyers continue to show interest in major new condo launches that are situated in close proximity to MRT stations, offer various lifestyle amenities, and are in the vicinity of reputable schools.

This indicates that even though prices are increasing, buyers may still be willing to invest in developments that fulfill their criteria for an ideal home.

For individuals considering the purchase of a new condo but uncertain about where to begin, PropertyGuru suggests viewing their video guide on purchasing condos in Singapore. Furthermore, they recommend referring to their comprehensive guide that outlines all the condos and executive condominiums (EC) launched in 2023.

Additionally, PropertyGuru plans to provide information about upcoming major new condo launches expected for the remainder of 2023.

This resource can assist potential buyers in making informed decisions about their property investments.

Before we dive into the upcoming launches for the rest of 2023, here are the condos that have launched so far.

(source:www.propertyguru.com)

Condo Launches in 2023 So Far

Condo Launches Q1 2023

Sceneca ResidenceBedok / Upper East Coast (D16)
Gems VilleEunos / Geylang / Paya Lebar (D14)
Terra HillBuona Vista / West Coast / Clementi New Town (D5)
The Botany at Dairy FarmDairy Farm / Bukit Panjang / Choa Chu Kang (D23)

Read our review of how Q1 2023 major new condo launches performed.

Condo Launches Q2 2023

Tembusu GrandEast Coast / Marine Parade (D15)
Blossoms By The ParkBuona Vista / West Coast / Clementi New Town (D5)
The ContinuumEast Coast / Marine Parade (D15)
The Reserve ResidencesClementi Park / Upper Bukit Timah (D21)
Grange 1866Tanglin / Holland / Bukit Timah (D10)

Read our review of how Q2 2023 major new condo launches performed.

Condo Launches Q3 2023 (as of 16 August 2023)

Lentor Hills ResidencesMandai / Upper Thomson (D26)
The MystDairy Farm / Bukit Panjang / Choa Chu Kang (D23)
Pinetree HillClementi Park / Upper Bukit Timah (D21)
Grand DunmanEast Coast / Marine Parade (D15)
The LakeGarden ResidencesBoon Lay / Jurong / Tuas (D22)
Altura (EC)Dairy Farm / Bukit Panjang / Choa Chu Kang (D23)
The ArdenDairy Farm / Bukit Panjang / Choa Chu Kang (D23)
Orchard SophiaOrchard / River Valley (D9)
TMW MaxwellChinatown, Tanjong Pagar (D2)

Now on to what we can expect for the rest of 2023!

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