For those who’ve decided to buy a new home, there are quite a few new condo launches to choose from in 2021. Perhaps your HDB flat’s Minimum Occupation Period (MOP) is about to be over and you’ll finally be able to sell it and upgrade to a new home. Or maybe you wish to take advantage of current low interest rates to move house or upgrade your home.
Whatever your reasons, 2021 is as good a year as any to make a fresh start. Here is the list of new launch condos and upcoming ECs to look out for from 2021 and beyond.
New Condo Launch 2021 Projects
With almost 27 new condo launches in 2020, it is always tough to supersede that. That said, 2021 still has a pretty healthy list of projects. With strong consumer demand heading into 2021, new condo launches in 2021 are expected to be in hot demand as well. Here are five of the expected new condo launches in 2021 that have caught our eye.
Peak Residence (Former Peak Court En Bloc)
This freehold low-rise condo development by Tuan Sing Holdings at 333 Thomson Road is located in Novena on the city fringe. Situated just across the road from Thomson Medical Centre and a stone’s throw from Balestier Road, Peak Residence is also about 11 to 12 minutes’ walk from Novena MRT station. Due to its proximity to the city centre and the abundance of elite schools in the vicinity, the development is likely to be popular with affluent families.
One-North Eden (one-north Gateway GLS)
This 99-year leasehold condo is located about seven minutes’ walk from Buona Vista MRT and 11 minutes’ walk from The Star Vista shopping mall, and also offers easy access to the Holland Village lifestyle area. The development is also within walking distance to Biopolis, Fusionopolis, and Mediapolis, making it ideal for those who work in the area.
Pasir Ris 8 (Pasir Ris Central GLS)
This new integrated development by Phoenix Residential located at Pasir Ris Central will feature condo units integrated with the Pasir Ris Bus Interchange and Pasir Ris MRT station, right next door to White Sands Shopping Mall. Aside from that, there are also several lifestyle options in the vicinity, including Pasir Ris Beach Park, Downtown East, and the water sports facilities in the East Coast and Changi area.
Phoenix Residences (Phoenix Road En Bloc)
This luxury new condo launch located at 71 Phoenix Avenue will be located about 15 minutes’ walk from Bukit Panjang MRT and Hillion Mall. Helmed by OKP Holdings, the project will include a 24-hour gym, an aqua gym, and a hydrotherapy pavilion in addition to the usual swimming pool.
The Atelier (Former Makeway View Apartment En Bloc)
The Atelier is a freehold new condo launch in the Newton area on the city fringe by developers Bukit Sembawang. Located close to United Square Shopping Mall as well as numerous elite primary schools, the site also enjoys excellent connectivity thanks to Newton MRT less than 350m away.
Related article: New Launch Property vs Resale Condos in Singapore: Which is Better?
2021 New Launch Executive Condominiums (ECs)
For those hoping to get an executive condo (EC), there will be at least two next year.
Provence Residence – Canberra Link EC
This new EC launch by MCC Land will be located just 300m from the upcoming Canberra MRT station, right next door to the Sembawang Park Connector and the brand new Canberra Plaza in a new residential area located between Sembawang and Yishun. The project consists of 2- to 5-bedroom units, including some 2- and 3-bedroom units with studies.
Parc Greenwich EC
This 540-unit upcoming EC project by Frasers Property will be located opposite shopping mall Greenwich V on Yio Chu Kang Road, about 10 minutes’ walk from The Seletar Mall. It will be located within walking distance of Fernvale LRT station, which connects to Sengkang MRT station.
Other Upcoming New Executive Condominium (EC) Launches in 2021/2022
Although the launch dates have not been released yet, there are a few other EC sites that have been snapped up by developers. If they are not ready as a new launch EC in 2021, they’ll likely be ready in 2022.
Yishun Avenue 9 EC
This upcoming EC by Sing Holdings in the Yishun area will be located about 500m from the Junction 9 shopping mall and two bus stops away from Northpoint City. The nearest MRT is Yishun MRT, which is about 20 minutes’ walk away and accessible by bus. It is located close to recreational facilities such as SAFRA Yishun Country Club, Orchid Country Club and Yishun Pond.
Tengah Garden Walk EC
This EC site was only just released in November 2020, so not much is confirmed in terms of the project and developer. We do know, however, that this upcoming EC will be located at Tengah Garden Walk, which is a new road that has yet to be built. The location is in the “forest town” part of Tengah, next to the Garden Vines @ Tengah BTO flats. There are expected to be around 615 EC units.
Tampines Street 62 EC
The Tampines Street 62 EC will be located close to Tampines Eco Green Park, and not far from IKEA Tampines and the recreational facilities at Pasir Ris including Downtown East. It is an affordable option for those who wish to live in a mature estate like Tampines with established amenities and food options.
CCR vs RCR vs OCR Projects in 2021
10 of the new condo launches slated for 2021 are in the Core Central Region (CCR) and three new launch condos are in the Rest of Central Region (RCR). The remaining six new launch condos will be in the Outside Central Region (OCR).
The few number of OCR projects may see stiffer competition. As the PropertyGuru Property Market Outlook 2021 report predicts, the market expects to see continued interest in affordable properties in the $1,000,000 to $1,500,000 range. This is due to increased price sensitivity amid the current economic situation, as well as a large market of HDB flat owners whose units are approaching MOP and may be looking to upgrade to private property. So far, private home prices have already risen by 3.3% in Q1 2021, which is the sharpest quarterly change since 2Q 2018.
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