New property launches to welcome by April 2017

Come the fourth month of the year, and the property market will be seeing as many as four new property launches spicing up the mix. Sentiments have been looking up of late as more buyers are coming to terms with the market reaching the bottom of the cycle, and these new launches may welcome increased interest from buyers. Property analysts are expecting up to 9,000 new home sales this year.

ClementiCanopyPhoto credit: www.theclement-canopy.com.sg

The 4 new upcoming launches buyers can look forward to are:

The first project expected to launch as soon as next month is the 505-unit Clementi Canopy. Though recent trend has shown smaller units as being more popular with buyers, this development will feature mainly 2-bedders to 4-bedders sized between 635 sq ft to 1,500 sq ft, with the former making up almost a third of the units.

Paya Lebar Quarter_LendleasePhoto credit: Lendlease

One of the more exciting projects from the list above is Park Place Residences at PLQ. It is Lendlease‘s first residential project in Singapore and the rejuvenation plans for Paya Lebar, to build an integrated development in Paya Lebar Central, may be the nectar that attracts buyers. The project is directly linked to the Paya Lebar MRT station and will also include residential units with a range of 1- to 3-bedroom apartment units, 3 office towers and a retail mall with more than 200 stores. Successes of previous launches and sales of similar projects such as NorthPark Residences and The Poiz Residences are signs of assurance for the developers that take-up rate will be positive.

 

Buangkok – The forgotten gem

When the Buangkok name is mentioned, many may remember the time when its namesake MRT station was in the news for being underused; some may still only think of it faintly as the backyard of other more mature townships such as Ang Mo Kio and Hougang. But Buangkok has since come into its own with connectivity on the North-east MRT line and as Sengkang and Punggol continues to grow.

The 616-unit Jewel @ Buangkok private condominium has taken root at this tranquil spot on the island and is just a 3-minute walk away from the Buangkok MRT station.

DnestSituated in between the Eastern and the Northern regions, it is just a short drive away on the Tampines Expressway (TPE) and Kallang-Paya Lebar Expresseway (KPE) from the Changi Business Park, planned Paya Lebar Business Hub and the Singapore EXPO. This makes the property a prime sweet spot for not only home-occupiers but also investors.

95 per cent of the property has been sold and its range of 3-bedders, dual key 4-bedders and penthouses will come into the private market this year. Most of the units boast a north-south orientation thus cutting out sun glare, and also come with smart storage systems and premium home interiors. Another similar property nearby with a 95 percent sales record is the d’Nest condominium which is expected to receive its TOP (temporary occupation permit) status next year.