Sunday, June 29, 2008

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Singapore Private Properties in the Pipeline: New Condo Launches in 2008

Here are some details on new condo launches to keep watch:

Name: Kovan Residences
Tenure: 99-year leasehold
Address: Situated next to Kovan MRT
Units: 512
Price: $850-900 psf range.
Launch date: June 2008
Description: Situated next to Kovan MRT Station, an outfit controlled by UOB-Kay Hian star stockbroker pair Han Seng Juan and David Loh Kim Kang is getting ready to release its 512-unit condo.
Developer: Centurion Kovan

Name: Clover by the Park
Tenure: 99-year leasehold
Address: Bishan Street 22/Street 25
Units: 616
Price: $750 per sq ft (psf) on average
Launch date: 20 June 2008
Description:two 39-storey blocks, facilities include a 50m lap pool, a jacuzzi pool and fitness stations. The units range in size from 1,216 sq ft for a three-bedder to 3,498 sq ft for a split-level penthouse with five bedrooms.
Developer: Sim Lian

Name: OLA Residences@Mountbatten
Tenure: freehold
Address: 839 Mountbatten Road
Units: 50
Price: $1,250 psf on average
Launch date: July 5 2008
Description: Near Katong Shopping Centre.The units vary in size from 732 sq ft for a one-bedder plus study to 2,164 sq ft for a four-bedder. There are nine penthouses that range from 1,258 sq ft to 3,208 sq ft. Most units have private lifts.
Developer: Lian Beng Group

Name: The Amery
Tenure: freehold
Address: Telok Kurau Lorong K
Units: 74
Price: $860 psf on average
Launch date: 21 June 2008
Description: Units range from 1,313 sq ft for a three-bedder to 2,379 sq ft for a penthouse.
Deveoper: Sim Lian Group

According to URA official data, as at first quarter of 2008, there were about 67,700 private residential units in the pipeline, of which about 56,500 new private housing units are expected to be completed between 2008 and 2011. About 42,700 units of the supply in the pipeline (or 63 per cent) have not been sold by developers yet.

May also want to read:
History of Singapore Property 1960 to 2008
Buy or Not Buy: How to decide amid mixed market signals
When to Buy, When Not to by
Property Price Index Graph Plotter & Online Property Valuation
Your Property Investment Determines Your Financial Success in Your Life
HDB Resales: West Sees Highest Price Increase


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