New Condominiums to look forward to

Before the cooling measures have hardly had time to, well, cool, the private property market is heating up once again with 17 new condominium launches coming up within the next few months.

With some stellar projects up for offer, buyers might be spoilt for choice. Though some might hold back from jumping into the pool straightaway, as long as the overall sales volume and showflat response hold positive, developers will still be happy with that result.

Marina One residential project with 1,042 new condominium units. Photo by marina-one.org.

Marina One residential project with 1,042 new condominium units. Photo by marina-one.org.

The huge number of units from these 17 launches, almost 7, 500 of them, were mainly thanks to the significant number of sites released by the Government via the Government Land Sales (GLS) Programme. One of the largest residential properties to be launched will be the Marina One project, developed by Malaysia’s Khazahan Nasional and Singapore’s Temasek Holdings as part of a land swop agreement. Located at Marina South, it will have 1,042 units for sale when it’s launched in October this year.

D'nest condominium.

D’nest condominium.

Some of the prominent launches include:
1. Trilinq at Jalan Lempeng
2. D’nest at Pasir Ris Grove
3. Bartley Ridge on Mount Vernon Road
4. Duo in the Rochor area
5. Urban Vista in Tanah Merah Kechil Link
6. Hillion on Jelebu and Petir Road
7. Hillview Peak on Hillview Avenue

All these new properties will have more than 500 units per project. Response to the upcoming series of new properties might very well be the gauge property developers have been waiting for. Industry players are expecting the take-up rates to slow down, especially for the higher-end luxury projects which are out of the reach of most first-time buyers and upgraders. Suburban condominiums may see healthier sales.

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