8 Feb 2017
New launches have typically been the focal point of buying activity. This is largely due to the intense marketing activities which start a few weeks prior to their launch.
Attention will probably on the eastern region of Singapore where three new projects are expected to be launched in the first half of 2017, Lendlease’s Park Place Residences at Paya Lebar, CEL Development’s Grandeur Park Residences at Tanah Merah and Frasers Centrepoint’s Seaside Residences at Siglap. Changi Airport is on track for its expansion plans, with Terminal 4 expected to be operational in 2017. The additional employment generated is expected to fuel demand for homes in the eastern region of Singapore.
In the West, several condominium projects are also gearing up for launch in 2017. UOL’s The Clement Canopy at Clementi will probably be launched in the first half of 2017 while Qingjian Realty’s mixed development at Bukit Batok is expected to be launched in the latter half of the year.
The recent signing of the bilateral agreement between Singapore and Malaysia on the implementation of the High-Speed Rail project, the western side of Singapore is expected to gain much appeal. Also, the development of the Jurong Lake District has served as a major attraction to buyers as it is envisioned to be the main commercial centre of the west.
If buyers prefer to take a longer term perspective, they could also consider the up and coming new town. Bidadari is being actively developed into a residential town, with the government scheduled to release two plots of land intended for private housing and a retail mall along with thousands of units of public housing.
With the good variety of new projects coming on stream this year, 2017 certainly looks set to be another exciting year for home buyers!
